Original sentence: Founded in Toronto in 1988, it awards the Loran Award as well as the W.The Loran Award is an undergraduate scholarship valued at up to $80,000 and awarded to 30 students each year
Edited sentence: Founded in Toronto in 1988, it awards the prestigious Loran Award as well as the W.It is valued at up to $80,000 and awarded to 30 students each year.The Loran Award is a large and prestigious undergraduate scholarship in Canada