[1] The prize is named in honor of Willem Sandberg, who served between 1964 and 1968 as chairman of the Executive Committee of the Israel Museum, which opened in 1965.
The Sandberg Prize Foundation was established with a 75 thousand dollar fund which was earmarked for the purchase of Israeli art, and to be awarded to artists for their work.
The panel of judges for the prize included Sandberg and Yonah Fisher.
[2][3] On December 3, 1968, the Sandberg Prize was awarded to Yigal Tumarkin for Sculpture and Arie Aroch for Painting.
[4] In addition to the prize a Sandberg Research Grant was awarded over the years from the Department of Design and Architecture at the Israel Museum.