For 2025, the amount of the W. Eugene Smith Grant is $30,000 and two additional $10,000 Finalist Grants will be awarded.

Applicant also understands and agrees that if applicant is the recipient of the grant, $24,000 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 Finalist Grants will pay $8,000 upon receipt of the grant and $2,000 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.

The images and prints referenced above will become part of the W. Eugene Smith Legacy Collection at the International Center of Photography ("ICP").  Recipients agree that, along with the delivery of the images and prints, the Recipient will sign a Deed of Gift granting an irrevocable worldwide nonexclusive license to the Smith Fund and to ICP to use each of the images and prints in exhibitions and to reproduce each of the images and prints in any media now known or hereafter developed (print, electronic, film, or other) for non-commercial purposes including, but not limited to, reproductions used in advertising, public relations, catalogs, books or other similar publications relating to the Smith Fund or to ICP.

The W. Eugene Smith Memorial Fund, Inc., a not-for-profit corporation qualified under Section 501(c)(3) of the Internal Revenue Code, independently administers the grant program that provides photographers with the opportunity to carry out or complete a major photographic essay.