Prize Updated +Created
Generally, prizes that pay big lumps of money to well established individuals are a bit useless, it would be better to pay smaller sums to struggling beginners in the field, of which there are aplenty.
The most important part about prizes should not be the money, nor the recognition, but rather explaining better what the laureates did. In this, most prizes fail. Thus Ciro Santilli's project idea: Project to explain each Nobel Prize better.