The Prize has been granted every year since 2008 to three winners in a ceremony which takes place on Jerusalem Day, in the City of David.

The prize founder, billionaire Irving Moskowitz is an American businessman and a right activist who supports Israeli settlements in the West Bank.

The members of the committee are public personalities from Israel and abroad, whom amongst are Avigdor Kahalani and Moshe Arens.

Subject of discussion are Israeli men and women who work out of feeling of personal responsibility, vision and feeling of national errand, each one in his own zone, sometimes while sacrificing their personal welfare and even while risking their safety.Listed below are recipients of the main prize, known as the "Lion of Zion" award.

[2] Another award, called "Spirit of Zion", was given to several individuals between the years 2013-2016, "for new initiatives, [to] young Israelis with vision who recognize the need to stand up and be counted.