@f26421da - I don't think people route their Nobel prize through an institution.  Grants, yes - because you apply *through* the university, and the university forces you to give them a cut.

"The typical Nobel Prize winner is no slouch — he or she has probably already got a good job at a prestigious university — but while winners make an honest dollar, wealthy they are not. Most laureates spend their prize money (about $1.4 million) in mundane ways: to pay the mortgage, buy a car or save for rainier days. MIT's Wolfgang Ketterle, one of three scientists to win the 2001 Nobel Prize in Physics 2001, said, "I used the Nobel money to buy a house and for the education of my children." Others, meanwhile, such as the late Franco Modigliani, an MIT professor who won the Nobel Memorial Prize in Economics in 1985, buy a sailboat.  In the following pages: how a smattering of other Nobel laureates spent their winnings."

@0269c0e4 

https://content.time.com/time/specials/packages/article/0,28804,1848817_1848816_1848803,00.html