Simplify the following text for a Grade 12 native English-speaking person.
Original: The Pritzker Architecture Prize is awarded annually by the Hyatt Foundation to honor `` a living architect whose built work demonstrates a combination of those qualities of talent , vision and commitment , which has produced consistent and significant contributions to humanity and the built environment through the art of architecture '' .
Simplified: The Pritzker Architecture Prize is given each year by the Hyatt Foundation . It is for `` a living architect whose built work demonstrates a combination of those qualities of talent , vision and commitment , which has produced consistent and significant contributions to humanity and the built environment through the art of architecture '' .