Complex sentence: It was written by Lester Wilson in 1915 for a competition requesting a new song for the university; the competition, sponsored by The Daily, had a grand prize of US $25 (the equivalent of $548 in 2011).
Split into simpler sentences: It was written by Lester Wilson in 1915 for a competition requesting a new song for the university. The competition was sponsored by The Daily, and had a grand prize of US $25 (the equivalent of $548 in 2011).