The Robert Foster Cherry Award is a prize given biennially by Baylor University for "great teaching". The Cherry Award honors professors at the College or University level, in the English-speaking world, with established track records of teaching excellence and the ability to inspire students. Robert Foster Cherry, a graduate of Baylor University (A.B., 1929), made an estate bequest to establish the award. In a typical award cycle, three Finalists are selected based on nomination packages. The Finalists then compete for the award by giving a series of lectures at Baylor University. Each Finalist receives $15,000 and the ultimate award Recipient receives an additional $250,000 prize. It is often dubbed as the "American version of the Nobel Prize" for teachers.