Every year, the association Freunde der Kunstakademie Münster e. V. (friends of the University of Fine Arts Münster, website in German) presents three sponsorship awards. Students nominated by the art professors as being particularly worthy of support present their works in the award exhibition, which takes place in the Kunsthalle Münster. An external jury of experts selects the three award winners.
The award is supported by the cultural foundation of the insurance company Westfälische Provinzial Versicherung. The award is accompanied by a cash prize totalling 4,500 euros, which is allocated to the sponsorship award winners at the discretion of the jury (usually in equal shares).