Of non-competitive nature, in each edition an organizing committee proposes a qualified jury that is in charge of analyzing the situation of the most outstanding artists, reviewing their achievements, career, and impact in the local and international scope.
Beginning in its tenth edition, the participation of the Uruguayan Association of Art Critics (AUCA) was included in the selection and organization.
[3] Since its 15th edition, the Figari Award has been given annually to a single artist, in recognition of his or her career and encouragement to national creation.
In 2011, a retrospective was held at the National Museum of Visual Arts with the works of the 47 artists honored in the award's 15 editions.
[4] With its name, the prize pays homage to Pedro Figari (1861–1938), one of the most influential figures in the gestation of an integral awareness of the Uruguayan artistic milieu.