named programs · 2 · from sources
What they call their work
Playwriting Fellowship
Residency-based fellowship for playwrights offered in partnership with New Dramatists in New York City; separate application process from the main Princess Grace Awards
Princess Grace Awards
Unrestricted $15,000 cash grants awarded annually to exceptional emerging artists in theater, dance, and film who are nominated by accredited institutions or prior awardees
activities · 6 groups
What they do
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Artist Support Grants 2 activities
- Grantmaking for emerging artists in theater, dance, and filmFunds early-career artists in theater, dance, and film through unrestricted cash grants, scholarships, apprenticeships, and fellowships. The foundation has awarded grants to over 900 artists since its founding and selects recipients annually through expert panel review.
- Specialized grant programs for career development and artistic opportunitiesProvides targeted funding through Special Project Grants (averaging $7,500–$30,000) for significant artistic opportunities, quarterly Professional Development grants of up to $1,000, and discipline-specific fellowships such as the Playwriting Fellowship at New Dramatists and the Princess Grace Artist Fellowship, which includes financial support and coaching.
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Recognition and Awards Programs 1 activity
- Annual recognition and awards ceremoniesHonors Princess Grace Award winners and distinguished artists annually through galas held in New York City, Los Angeles, and Monaco, including the presentation of the Prince Rainier III Award.
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Alumni Leadership and Career Support Programs 1 activity
- Career-long support and mentorship for award winnersProvides ongoing career support to Princess Grace Award winners through mentorship programs that pair scholarship recipients with established award-winning professionals, and offers exclusive funding opportunities to past awardees.
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Nonprofit Retail and Merchandise Sales 1 activity
- Global cultural campaign celebrating Princess Grace’s legacyRuns Grace Influential, a global campaign launched in 2020 to celebrate the cultural influence of Princess Grace Kelly.
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Workplace and Affiliate Giving Programs 1 activity
- Grantmaking through licensing of Princess Grace’s name and likenessGenerates revenue by holding and licensing exclusive global rights to Princess Grace of Monaco’s name and likeness since 1982, with all proceeds directly supporting the Princess Grace Awards Program.
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Local High School Scholarship Programs 1 activity
- High school scholarships for artistic educationOffers two types of scholarships for high school students: one-time $1,000 grants for students in grades 9–11 and $6,000 multi-year scholarships for seniors, distributed as $1,000 annually over four years of training, plus a $1,000 completion award and a $1,000 internship stipend.
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financials · form 990 · fy2024
revenue
Total revenue$6.37M
Contributions & grants$5.48M86%
Program service revenue$00%
Investment income$406K6%
Other revenue$481K
expenses
Total expenses$2.30M
Program expenses45%
Admin / overhead14%
Fundraising41%
Salaries & benefits$691K
Grants paid out$664K
Largest expense lineCompensation
balance sheet
Total assets$30.13M
Cash$933K
Investments$28.42M
Liabilities$1.14M
Net assets$28.99M
Liquid reserves153.3 mo
4 years on record · 2020–2024 · YoY revenue +131.7%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| DIANA CARTWRIGHT | PRESIDENT | 40 | $198K |
| PATRICIA LEONARD | CHIEF PHILANTHROPY OFFICER | 40 | $123K |
| KATHERINE EPSTEIN | CONTRACTED ACCOUNTING MANAGER | 8 | $21K |
board members · 22
- ANNE HEARST — DIRECTOR
- ANTON KATZ — DIRECTOR
- BARBARA LEHMAN — DIRECTOR
- BRISA CARLETON — DIRECTOR
- CLAUDIA POCCIA — DIRECTOR
- D CHRISTOPHER LE VINE — DIRECTOR
- GERARD COHEN — DIRECTOR
- HON JOHN F LEHMAN — CHAIRMAN
- HSH PRINCE ALBERT II OF MONACO — VICE CHAIRMAN
- JOHN GORE — DIRECTOR
- JOHN M CHU — DIRECTOR
- JOHN PAULSON — DIRECTOR
- JON B TURK MD — DIRECTOR
- KINGA LAMPTERT — DIRECTOR
- LESLIE ODOM JR — DIRECTOR
- NOELLE WOLF — DIRECTOR
- RACHEL HOVNANIAN — DIRECTOR
- RICHARD KIRSHENBAUM — DIRECTOR
- ROBERT O MARX — VICE CHAIRMAN
- ROD GANCAS — DIRECTOR
- SANDRA VAN ESSCHE — DIRECTOR
- SCOTT GREENSTEIN — DIRECTOR
relationships · 17
Who they work with
- Arts Advisory Council Network — Voluntary board of experts in theater, dance, and film that collaborates with the Foundation to develop and oversee the Awards program.
- Diana Kemppainen Partner — President and CEO, overseeing the Princess Grace Awards and grants in partnership with the Arts Advisory Council.
- Educational Theatre Foundation Partner — Partners with the Educational Theatre Foundation to implement the Grace Kelly Scholarship through the International Thespian Excellence Awards (Thespys).
- Educational Theatre Foundation Partner — Partnership to administer the Grace Kelly Scholarships, jointly selecting recipients with representatives from both organizations serving on selection panels.
- Grace Influential Partner — Chic assemblage of stories and insights about Grace Kelly, commissioned by the Princess Grace Foundation and overseen by the Princely Family of Monaco.
- His Serene Highness Prince Albert II Government — Serves as Vice-Chairman and under whose High Patronage the Foundation operates, actively participating in governance and strategic direction.
- John F. Lehman, Jr. Partner — Chairman of the Board of Trustees, providing leadership and governance oversight.
- MAP Fund Partner — Partnered to establish the Princess Grace Artist Fellowship in 2025, providing funding and programming support including coaching and virtual retreats.
- MAP Fund Partner — Partnership to deliver the Scaffolding for Practicing Artists coaching program as part of the Princess Grace Artist Fellowship.
- New Dramatists Partner — Administers the Playwriting Fellowship in partnership with the Princess Grace Foundation-USA.
- New Dramatists Partner — Administers the Princess Grace Foundation's Playwriting Fellowship through a partnership.
- New Dramatists Partner — Hosts the playwriting fellowship residency for Princess Grace Foundation - USA awardees.
- Princely Family of Monaco Partner — Lovingly oversees Grace Influential, a project commissioned by the Princess Grace Foundation.
- Princely Family of Monaco Partner — Oversees the Grace Influential campaign and the Grace de Monaco luxury brand in collaboration with the Foundation.
- Princess Grace Award winners Network — Community of artists supported throughout their careers after receiving a Princess Grace Award.
- Princess Grace Foundation, Monaco Partner — Cooperates with the Princess Grace Foundation-USA, founded by Princess Grace and now under the presidency of Her Royal Highness, The Princess of Hanover.
- The Princely Family of Monaco Partner — Involved in licensing arrangements for Princess Grace's name and likeness.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Individualized, Equity-Centered Talent Evaluationmethodology: individualized_artist_evaluationBy assessing artists through a holistic framework that prioritizes individual artistic journey, unique voice, and potential for innovation—rather than standardized benchmarks—and by actively seeking diversity across race, gender, sexuality, and geography, the foundation increases equitable access to resources and representation in the arts, because this approach identifies extraordinary potential in underrepresented communities who might otherwise be overlooked.
- Integrated Support Model: Financial Grants with Mentorship and Communitymethodology: financial-and-mentorship-supportBy combining financial awards with structured mentorship and sustained community network-building, the foundation supports not only immediate project needs but also long-term artistic growth and resilience, because early-career and transitioning artists benefit from both economic relief and relational capital that enhances professional navigation and field integration.
- Investment in Pivotal Career Momentsmethodology: pivotal-moment-investmentBy funding high-impact, transformative projects at critical junctures in an artist’s development, the foundation amplifies long-term career sustainability and artistic impact, because such moments are leveraged to unlock professional advancement and field-wide innovation.