Newspaper publisher Joseph Pulitzer gave money in his will to Columbia University to launch a journalism school and establish the Prize. It allocated $250,000 to the prize and scholarships.[7] He specified "four awards in journalism, four in letters and drama, one in education, and four traveling scholarships."[2] After his death, the first Pulitzer Prizes were awarded June 4, 1917; they are now announced each April. The Chicago Tribune under the control of Colonel McCormick felt that the Pulitzer Prize was nothing more than a 'mutual admiration society' and not to be taken seriously; the paper refused to compete for the prize during McCormick's tenure up until 1961