Awards and recognitions are a constant reminder of a grateful society acknowledging the contribution of a person to the betterment of the Society by excelling in the chosen field of specialisation. They also inspire others to emulate the winners and move from an ordinary life to one of purpose. The awards also reflect the changing dimensions in the Society and new fields of public work that deserve encouragement to bridge the deficit gap that exist. The Society set up a corpus fund in 1998 through a generous donation to perpetuate the preachings of His Holiness Pujyasri Chandrasekarendra Saraswati, the 68th Sankaracharya of the venerated Sri. Kanchi Kamakoti Peetam. In seeking to honour men and women of eminence who devote their lifetime for the cause of this nation and Sanatana Dharma, the Society seeks to institutionalise a forum through which these awards could be given. The benevolent sage of Kanchi gave a century of spiritual guidance to millions of devotees all over the world. The award carries a citation, a huge ornamental lamp, scroll and a cash prize of Rs. 2.5 lakhs. The award is given each year in Mumbai proximate to the annual Aradhana (death anniversary) of the Mahaswami.