The Rumford Medal is an award bestowed by the Royal Society for "outstanding contributions in the field of physics". The award is named in honour of British scientist Sir Benjamin Thompson, Count Rumford, who is noted for his works on thermodynamics and for establishing the Royal Institution. The award was created in 1796 after Thompson transferred £1,000 to the Royal Society in stocks, instructing the latter to grant the awardee the fund's interest as a premium. Thompson was awarded the inaugural award in 1800.