There is also a competition for the most popular short-listed book, based on votes cast by the general public.
A permanent committee, which includes Stefan Danailov, the current Minister of Culture of Bulgaria, elects а jury.
Other members in the committee are Raymond Wagenstein, Boyan Biolchev, Nedyalko Yordanov, Hristo Droumev and Ivan Granitski.
The aim of the foundation is also to enable others to gain access into Bulgarian literature, especially for the literary world beyond Bulgaria.
The award ceremony each year is well attended by members of Bulgarian society and journalist, as can be seen by the photo gallery on the website.