Ives Opera Prize of $50,000, to be given from time to time to a composer and a librettist for a recently produced opera. It is America’s largest vocal music award. Sue Kaufman Prize for First Fiction: The $5,000 prize is given for the best published first novel or collection of short stories in the preceding year. Wladimir and Rhoda Lakond Award: an annual award of $5,000 "given either to a composition student or an experienced composer". Goddard Lieberson Fellowships: Two Goddard Lieberson Fellowships of $15,000 are given annually to young composers of extraordinary gifts. The CBS Foundation endowed the fellowships in memory of Lieberson, the late president of CBS Records. Russell Loines Award for Poetry American Academy of Arts and Letters Award of Merit: The Award of Merit, a medal and $10,000, is given each year, in rotation, to an outstanding person in America representing painting, the short story, sculpture, the novel, poetry, and drama. Metcalf Awards: In 1986, the Academy received a bequest from Addison M. Metcalf, son of the late member Willard L. Metcalf, for two awards to honor young writers and artists of great promise. The Willard L. Metcalf Award in Art and the Addison M. Metcalf Award in Literature are biennial awards of $10,000. Katherine Anne Porter Award: This biennial award of $20,000 goes to a prose writer who has demonstrated achievements and dedication to the literary profession. Arthur Rense Prize: In 1998, this $20,000 award was established to honor "an exceptional poet" every third year. Richard Rodgers Awards for Musical Theater: These awards subsidize full productions, studio productions, and staged readings of musicals put on by nonprofit theaters in New York City. The plays are by composers and writers who are not already established. These are the only awards for which the Academy accepts applications. Rome Prize in Literature: Every year the Academy selects and partly subsidizes two young writers for a one-year residence at the American Academy in Rome. Richard and Hinda Rosenthal Foundation Awards: Each of these two awards are for $5,000. The first, established in 1956, is for a fiction work of "considerable literary achievement" published in the previous year. The second, created in 1959, is for a young painter "who has not yet been accorded due recognition". Medal for Spoken Language: This medal, awarded from time to time, recognizes individuals who set a standard of excellence in the use of spoken