Princess Grace Awards Celebration

The first financial grants in the form of scholarships, apprenticeships, and fellowships were awarded in 1984 to artists associated with schools or performing arts companies in the dance and theater. An arts advisory board composed of professionals in each of those fields was appointed to the Awards recipients. President Ronald Reagan, and First Lady Nancy Reagan oversaw the first gala at the White House in Washington, D.C.; The Foundation has continued with annual Awards Galas, rotating between New York City, Los Angeles and Monte Carlo.