Complex sentence: The winner of the David Cohen Prize chooses the recipient of the Clarissa Luard Award, valued at £12,500 (funded by the Arts Council of England), and given to a writer under the age of 35 or an organisation that supports young writers.
Split into simpler sentences: The winner of the David Cohen Prize chooses the recipient of the Clarissa Luard Award, valued at £12,500. The Clarissa Luard Award is funded by the Arts Council of England and is given to a writer under the age of 35 or an organisation that supports young writers.