Announcement from Fred Ryan, publisher, and Marty Baron, executive editor:

Over the past week, we have all been reflecting on the life and career of Ben Bradlee. What emerges most clearly in all the recollections – many of them highly colorful – has been the depth of Ben’s integrity and his commitment to discovering the truth.

His values helped shape The Washington Post over many decades, and they endure in our newsroom today.

Ben knew that getting at the truth required persistence and fearlessness among the journalists who work here. He championed those qualities, and his fervor continues to inspire us.

As we look toward the memorial service Wednesday that will celebrate Ben’s outsized character and unequaled achievements, we want to announce a new award here at The Post – the Ben Bradlee Award.

This award will be given annually to honor the relentless and courageous pursuit of truth by an individual or team of Washington Post journalists. The award will have a cash component, but the name on the award carries the real value. There can be no greater honor than being associated with the principles of one of the greatest journalists of all time.

The first award will be presented in 2015.