The Poets' Prize is awarded annually for the best book of verse published by a living American poet two years prior to the award year. The $3000 annual prize is donated by a committee of about 20 American poets, who each nominate two books and who also serve as judges. The Nicholas Roerich Museum in New York City hosts the annual awards reception in May, which includes readings by the winner and finalists.[1] The founders of the prize were Robert McDowell, Frederick Morgan, and Louis Simpson.[2] The current co-chairs of the prize committee are Robert Archambeau and Marc Vincenz.