Complex sentence: The prize, which paid $2500 in 2011, is funded by the New Orleans Times-Picayune in honor of its distinguished correspondent Edgar Allan Poe (1906--1998), a former WHCA president unrelated to the American fiction writer of the same name.
Split into simpler sentences: The prize, which paid $2500 in 2011, is funded by the New Orleans Times-Picayune in honor of its distinguished correspondent Edgar Allan Poe. Mr. Poe (1906--1998) is a former WHCA president, and is not related to the American fiction writer of the same name.