The Antoinette Perry Award for Excellence in Broadway Theatre, more commonly known as the Tony Award, recognizes excellence in live Broadway theatre. The awards are presented by the American Theatre Wing and The Broadway League at an annual ceremony in Midtown Manhattan. The awards are given for Broadway productions and performances, and an award is given for regional theatre. Several discretionary non-competitive awards are also given, including a Special Tony Award, the Tony Honors for Excellence in Theatre, and the Isabelle Stevenson Award. The awards are named after Antoinette "Tony" Perry, co-founder of the American Theatre Wing. The trophy consists of a medallion, with a face portraying an adaptation of the comedy and tragedy masks, mounted on a black base with a pewter swivel.