Complex sentence: In 1985, the American Comparative Literature Association began awarding the "Harry Levin Prize" for books on literary history or criticism and in 1997, Harvard University endowed the new chair (position) of "Harry Levin Professor of Literature".
Split into simpler sentences: In 1985, the American Comparative Literature Association began awarding the "Harry Levin Prize" for books on literary history or criticism. In 1997, Harvard endowed the new chair (position) of "Harry Levin Professor of Literature".