Since 2000, The Munster Literature Centre in O'Connor's hometown of Cork has run a festival dedicated to the short story form in O'Connor's name. The longest established annual festival dedicated to the short story form in an English-speaking country, it regularly hosts readings, workshops and masterclasses for contemporary practitioners of the form, as well as celebrating the work of O'Connor and other local short fiction writers such as Elizabeth Bowen, Seán Ó Faoláin and William Trevor.[21]
The festival has hosted readings by: Richard Ford, Julia O'Faolain, James Lasdun, Alasdair Gray, Dan Rhodes, Eugene McCabe, Bernard MacLaverty, Desmond Hogan, James Plunkett, Lyudmila Ulitskaya, Rebecca Miller, Anne Enright, Mike McCormack, Etgar Keret, Éilís Ní Dhuibhne, Cónal Creedon, Samrat Upadhyay, Philip Ó Ceallaigh, Rachel Sherman, David Marcus, Panos Karnezis, Nisha da Cunha, William Wall, Bret Anthony Johnston, David Means, Claire Keegan, Miranda July, Rick Moody, Jhumpa Lahiri, Yiyun Li, Julie Orringer, ZZ Packer, Simon Van Booy, Wells Tower, Charlotte Grimshaw and Kevin Barry among others.[21] It also has a tradition of encouraging younger writers at the start of their career, Jon Boilard for example.
The Frank O'Connor International Short Story Award, is awarded to the best short fiction collection published in English anywhere in the world in the year preceding the festival. The prize is also open to translated works and in the event of a translation winning the prize is divided equally between author and translator. The award is described as "the richest prize for the short story form" and at €35,000 in 2010 is one of the most valuable literary prizes for any category of literature.[21]
