The Nichols family endowed the Prize in the year 2000 by a gift to the ULI Foundation from the Miller Nichols Living Trust and the Miller Nichols Charitable Foundation. The initial intent of the Prize was to honor the legacy of J.C. Nichols, a prominent Kansas City, Missouri, developer who was instrumental in founding ULI and served as Chair of its first Product Council. From 2000 to 2019, the name of the prize was the ULI J.C. Nichols Prize for Visionaries in Urban Development. In 2020, ULI and the family renamed the prize to the ULI Prize for Visionaries in Urban Development. You can read more about that change here.