The Richard Pratt Trophy is named after Richard Pratt, former Carlton president, following Pratt's death in April 2009 due to complications from prostate cancer. The match in which the game is played serves as a fundraising event for the Pratt Foundation.
The first Richard Pratt Cup match was played on Round 17, 2009, and has been contested annually since. Carlton and Collingwood will always play two home-and-away matches against each other, and the Carlton home match is always designated as the Richard Pratt Cup match. The trophy is won by the club which wins this match.