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The Academy of American Poets administers the Tanning Prize, established in 1994. Painter Dorothea Tanning presented the Academy with a gift of $2 million to endow the prize, which offers a $100,000 yearly prize, the largest prize for poetry in the United States. The prize is given to a living American poet "in recognition of outstanding and proven mastery of the art of poetry."
Past winners include W.S. Merwin, who won the first prize in 1994, James Tate, and Adrienne Rich.