Named in honor of the late Princess Grace of Monaco, the prizes assist emerging artists with their training. Among the 2008 Princess Grace Award theatre artists honored were Arin Arbus, Jaime Castañeda, Ben Gunderson, Patrick Kennelly, Arnulfo Maldonado, Kaneza Schaal, Kara Lee Corthron, Maureen C. Huskey, Thomas Pasculli, Ashley Sparks and Damon E. Williams.
Stage and screen star Glenn Close received the 2008 Prince Rainier III Award. Her "Damages" co-star Ted Danson was on hand to present.
Here are some photos from the Princess Grace Awards Gala held at New York City's Cipriani:
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| Glenn Close | Rose Byrne |
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| Celeste Holm | Ted Danson |
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| Winners Jaime Castaneda, Arin Arbus and Arnulfo Maldonado |
All photos by Aubrey Reuben.
