The Edmond de Rothschild Design Award was founded in 2019 by the Edmund de Rothschild Foundation with the goal of encouraging and promoting excellence in local design, identifying and supporting designers at the start of their professional careers, bringing public recognition to senior designers, and highlighting the best of contemporary design on the international stage. Each year, the Edmund de Rothschild Foundation awards a total of 260,000 NIS to two established designers and two emerging designers, selected by a professional jury.