Lloyd Biggle, Jr., the SFWA’s first secretary-treasurer, originally proposed in 1965 that the organization publish an annual anthology of the best stories of the year. This notion, according to Damon Knight in his introduction to Nebula Award Stories: 1965 (Doubleday, 1966) “rapidly grew into an annual ballot of SFWA’s members to choose the best stories, and an annual awards banquet.”
Since 1965, the Nebula Awards have been given each year for the best novel, novella, novelette, and short story eligible for that year’s award. The Award for Best Script was added in 2000. An anthology including the winning pieces of short fiction and several runners-up is also published every year. The Nebula Awards® Banquet, which takes place each spring, is attended by many writers and editors and is preceded by meetings and panel discussions.