For 2023, the amount of the W. Eugene Smith Grant is $30,000. An additional $10,000 grant will be awarded as a Fellowship, and a finalist deemed worthy of special recognition will be given a grant of $5,000.

Applicant also understands and agrees that if applicant is the recipient of the Grant, $24,000 of the total Grant of $30,000 will be paid upon receipt of the Grant, and $6000 will be paid upon receipt of twelve (12) digital images and twelve (12) prints within eighteen (18) months after receipt of the Grant. The Fellowship Grant will pay $9,000 upon receipt of the grant and $1,000 will be paid upon receipt of twelve (12) digital images within eighteen (18) months after receipt of the Grant. The Finalist Grant will pay $4,500 upon receipt of the grant and $500 will be paid upon receipt of twelve (12) digital images within eighteen (18) months after receipt of the Grant. Recipients must submit a final report detailing how the grant was used and how the money contributed to the success of the project, along with a short video (to be used for promotion of the fund) talking about the same.

The images shall become part of the W. Eugene Smith Legacy Collection at the International Center of Photography in New York. Applicant also agrees that as part of the unrestricted gift, the Smith Fund may exhibit the images and use them on a non-exclusive licensing basis to promote the activities of the Fund.