The European Prize for Political Culture is endowed with 50,000 euros and is awarded by the Swiss Hans Ringier Foundation in Ascona. Foundation President is Frank A. Meyer. The award ceremony has been part of the traditional "Dîner Républicain" by Frank A. Meyer in the Hotel Castello del Sole in Ascona. The "Dîner Républicain" has been taking place for over 40 years on the occasion of the Locarno International Film Festival.