Ruth Lilly Poetry Prize

The Ruth Lilly Poetry Prize is awarded annually by The Poetry Foundation; the foundation also publishes Poetry. The prize was established in 1986 by Ruth Lilly. The prize honors a living U.S. poet whose "lifetime accomplishments warrant extraordinary recognition"; its value is $100,000 making it one of the richest literary prizes in the world. The prize has been called "among the most prestigious awards that can be won by an American poet".