Complex sentence: The Albert Einstein Peace Prize is/was a peace prize awarded annually since 1980 by Albert Einstein Peace Prize Foundation, founded in Chicago in 1979 by William M. Swartz (1912--87) a wealthy businessman and the grandfather of activist Aaron Swartz.
Split into simpler sentences: The Albert Einstein Peace Prize is/was a peace prize awarded annually since 1980 by Albert Einstein Peace Prize Foundation. It was established by William M. Swartz (1912--87) a wealthy businessman and the grandfather of activist Aaron Swartz.