“Princess Grace” Foundation Awards Ceremony

Charlene and Albert took time to speak with all the award winners at the gala, which PEOPLE attended. The Princess Grace Foundation was established 40 years ago by Albert’s father, the late Prince Ranier III, to celebrate the legacy of his wife Princess Grace, an Oscar-winning American actress who enchanted the world with her beauty and talent. She tragically died after suffering a stroke following a car crash in 1982; she was 52 years old. “After her tragic death, her family wanted to create an organization that reflected her love for her native country and her profound dedication to the arts,” the charity states of its mission. “During her reign, Princess Grace brought arts and culture to Monaco while also quietly supporting countless American performing and film artists.”