The "Third Symphony" earned Lutosławski the first Grawemeyer Prize from the University of Louisville, Kentucky, awarded in 1985.</ref> The significance of the prize lay not just in its prestige—other eminent nominations have included Elliott Carter and Michael Tippett—but in the size of its financial award (then US$150,000). The intention of the award is to remove recipients' financial concerns for a period to allow them to concentrate on serious composition. In a gesture of altruism, Lutosławski announced that he would use the fund to set up a scholarship to enable young Polish composers to study abroad; Lutosławski also directed that his fee from the San Francisco Symphony Orchestra for "Chain 3" should go to this scholarship fund.