The PEN Translation Prize (formerly known as the PEN/Book-of-the-Month Club Translation Prize through 2008) is an annual award given by the PEN American Center to outstanding translations into the English language. It has been presented annually by PEN American Center and the Book of the Month Club since 1963. It was the first award in the United States expressly for literary translators. A 1999 New York Times article called it "the Academy Award of Translation" and that the award is thus usually not given to younger translators.