Recipients of the Reih Bleeaney Vanannan ('Manannan's Choice of the Year' in Manx Gaelic) are entitled to use the letters RBV after their name.
They hold the trophy for one year, as well as receiving a medal and a donation to be split between themselves and a Manx cultural cause of their choice.
The RBV trophy consists of the figure of the sea-god Manannan standing on a piece of Pooilvaaish marble, resting on a plinth.
It also contains traces of quartz from the South Barrule, one of Manannan's fortresses, and a brooch of Laxey silver in the form of the Three Legs of Man presented by Mona Douglas.
The medal presented to each recipient is designed by Jennie Kissack and executed in silver and enamel by Tony Lewis of Peel.