The official launch of the Grace Influential Impact Award, a new award created by the Princess Grace Foundation-USA and supported by His Serene Highness Prince Albert II and Formula 1®, took place against the backdrop of the iconic Monaco Grand Prix on Thursday, May 26 on the Azzurra II.

The Grace Influential Impact Award will bring increased visibility to the sustainable, philanthropic, and positive societal impact initiatives of the Formula 1® teams, and the trophy will be designed by acclaimed artist Chihuly. The first winner will be announced at the Monaco Grand Prix in 2023 for the inaugural Grace Influential Impact Award Ceremony.

We would like to extend our deepest gratitude to our wonderful hosts, The Private Investment Group, Alastair and Casandra Lidel. Special thanks to Greg Maffei and Liberty Media, all the Formula 1® teams who attended, and our dedicated friends who continue to support us as we enter this exciting new chapter for the Foundation.

Scroll down to click through the photos for highlights of the exciting launch event!

Pictured: Greg Maffei, President and CEO of Liberty Media and Formula 1® Owner, Brisa Carleton, CEO of the Princess Grace Foundation and Grace Influential and Prince Albert II. Photo by Fabbio Galatioto.