Simplify the following text for a Grade 4 native English-speaking person.
Original: Founded in 1979 by Jay A. Pritzker and his wife Cindy , the award is funded by the Pritzker family and is considered to be one of the world 's premier architecture prizes ; it is often referred to as the Nobel Prize of architecture .
Simplified: Jay A. Pritzker and his wife Cindy began the award in 1979 .