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Subsequently, she had leading roles in five films, including The Country Girl with Bing Crosby, for which her deglamorized performance earned her Grace Kelly Academy Award for Best Actress. Princess Grace appeared on the cover of the January issue of Time Magazine. Instead, she performed her daily duties as princess and became involved in philanthropic work.

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Princess Grace was active Grace Kelly improving the arts institutions of Monaco, forming the Princess Grace Foundation in to support local artisans. The foundation also holds the exclusive rights and facilitates the licensing of her name and likeness throughout the world.

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The photographs, however, popularized the purse and became so closely associated with the fashion icon that it would thereafter be known as the Kelly bag. Modern designers, such as Tommy Hilfiger and Zac Posen, have cited her as a fashion inspiration.

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Warhol made a portrait of her for the Institute of Contemporary Art, Philadelphia as a limited edition silkscreen in Kelly Sr. The Kelly family sold the property in Prince Albert of Monaco purchased the property, speculating that the home would be used either as museum space or as offices Grace Kelly the Princess Grace Foundation. For full article, visit Wikipedia.