 The trophy remained with the Belmont family until 1926 when they donated it as a perpetual trophy, and since that time has been presented to the winning owner of the race for ceremonial purposes only.A silver plate is inscribed and given to the winning owner to keep.Tiffany & Co. was commissioned by August Belmont Jr. in 1896 to create a silver cup in memory of his late father August Belmont, the namesake of the Belmont Stakes, to be presented to the winner of the 1896 event.