Each year, the Prince Pierre Literary Prize honors a French writer or a well-known author who writes in French. The council of the Literary Prize is formed of ten celebrated historians, curators, writers, dramatic directors, and more and is presided over by Her Royal Highness the Princess of Hanover, eldest child of Prince and Princess Grace Kelly.
The members of the council meet each May in Paris and draft the list of the selected authors. The prize winner is designated during the autumn conference and is announced—and awarded €15 000—in Monaco during the foundation’s official award ceremony.
Two other prizes are awarded during this ceremony; the Musical Composition Prize, established in 1960 and the Contemporary Art International Prize, which begun in 1983. Together, these three prizes illustrate Monaco and Prince Rainier III’s support—and his father’s strong encouragement during the first half of the twentieth century—to all the arts, from literature to music.
In 2016, the foundation celebrated its 50th anniversary, a fine milestone and one which Prince Pierre—who himself served as the head of Monaco’s delegation to UNESCO—would no doubt be proud of.