The Shelley Memorial Award of the Poetry Society of America, was established by the will of Mary P. Sears, and named after the poet Percy Bysshe Shelley. The prize is given to a living American poet selected with reference to genius and need, and is currently worth (2014) between $6,000 and $9,000. The selection is made by a jury of three poets: one each appointed by the presidents of Radcliffe and Berkeley, and the third by the Board of Governors of the Society. Source: Wikipedia (en)