Hindemith's wide range of activities, comprising to an equal extent his commitment as composer, teacher and instrumentalist, is also reflected in various awards for artists named after Paul Hindemith by the respective benefactors
Since 1990 the international Hindemith Prize, commemorating Paul Hindemith's activities in Plön, has served to promote contemporary composers within the framework of the Schleswig-Holstein Music Festival (SHMF). The music prize is presented annually by the Hindemith Foundation in Blonay (Switzerland), the Walter and Käthe Busche Foundation, the Rudolf and Erika Koch Foundation, the Gerhard Trede Foundation, the Franz Wirth Memorial Trust and the Cultural Office of the Free and Hanseatic City of Hamburg and is endowed with 20,000 €.
Since the year 2000, Hindemith's native city of Hanau has been awarding the Hindemith Prize of the City of Hanau (until 2004 called the Paul Hindemith Prize for Art and Humanity of the City of Hanau) in honour and remembrance of the composer. The prize is endowed with 10,000 € and is awarded triennially.