Cassandra Trenary in American Ballet Theatre Posted August 7, 2015 I think I found it: "Each year, the Foundation presents the Princess Grace Awards to artists who show excellence and promise in the areas of theater, dance, and film. Students are eligible for scholarships; emerging artists working in companies qualify for apprenticeships and fellowships. A playwriting fellowship is available for individual artists through a residency at New Dramatists in New York City, which includes the opportunity to have the winning play be licensed and published by Samuel French, Inc. In addition to these, the Foundation also gives honorable mention grants to applicants through Honoraria." ITM, thanks for the info. i just presumed the Honoraria was a sort of stipend for the artist to do what she/he wants to further her/his career.