The Borg-Warner Trophy is the trophy presented to the winner of the Indianapolis 500. It is named for and was commissioned by automotive supplier BorgWarner. It is permanently housed at the Indianapolis Motor Speedway Museum in Speedway, Indiana. Unveiled at a 1936 dinner hosted by then-Speedway owner Eddie Rickenbacker, the trophy was officially declared the annual prize for Indianapolis 500 victors. It was first presented at the 24th annual 500-mile race, where Louis Meyer, that year's champion and its first recipient, soon thereafter remarked, "Winning the Borg-Warner Trophy is like winning an Olympic medal."

A trophy is a tangible, durable reminder of a specific achievement, serving as recognition or evidence of merit. Trophies are most commonly awarded for sporting events, ranging from youth sports to professional level athletics. Additionally, trophies are presented for achievements in Academic, Arts and Entertainment, Business, Military, Professional awards, Community Service, Hunting, and Environmental accomplishments. In many contexts, especially in sports, medals are often given out either as the trophy or along with more traditional trophies.