The Guglielmo Marconi International Fellowship Foundation, briefly called Marconi Foundation and currently known as The Marconi Society, was established by Gioia Marconi Braga in 1974 to commemorate the centennial of the birth (April 24, 1874) of her father Guglielmo Marconi. The Marconi International Fellowship Council was established to honor significant contributions in science and technology, awarding the Marconi Prize and an annual $100,000 grant to a living scientist who has made advances in communication technology that benefits mankind.