An Annual Prize of the Pontifical Academies was created to encourage cultural activities and stimulate creativity. It is presented each year by the Sovereign Pontiff to a researcher or artist from an independent structure, or to an independent institution, as recognition for a notable contribution, to the development of the religious sciences, Christian humanism or their artistic expression. The prize is endowed with a sum of euro 30 000 for cultural events, publications or scholarships.
Each year the seven academies choose a candidate in a field taken in rotation from the four disciplines of philosophy and theology, mariology, history and archaeology, and fine arts and literature. The prize winners are chosen on the basis of proposals made by the cultural institutes designated by the Co-ordinating Council.
There are no special programmes at present for the commissioning of new works of art in Vatican City or the Fabric of St Peter.