 In May 2015, the Polaris Music Prize was increased to $50,000, an additional $20,000, sponsored by Slaight Music.Additionally, second place prizes for the nine other acts on the Short List increased from $2,000 to $3,000.Polaris officials also announced The Slaight Family Polaris Heritage Prize, an award that "will annually honour five albums from the five decades before Polaris launched in 2006."