The inaugural winners of the unrestricted $25,000 Jorge M. Pérez Award—named after and established by Jorge M. Pérez, billionaire real-estate developer and board member of the Pérez Art Museum Miami (PAMM)—were announced on Saturday, January 12, during the annual gala of the National YoungArts Foundation.

Dedicated to Latinx artists, the award recognized Miami natives Chat Travieso, a Brooklyn­-based multidisciplinary artist working with architecture and public space, and Kathia St. Hilaire, a painter and printmaker whose work investigates her Caribbean and black cultural heritage. Patti Hannah, Pérez’s lead curator and the art director of his real estate company Related Group, and Naiomy Guerrero, curatorial fellow at PAMM, selected the honorees.

Pérez has also established the $50,000 Jorge and Darlene Pérez Prize, whose inaugural recipient will be announced in March at the PAMM Art of the Party gala. (Formerly the Miami Art Museum, PAMM was controversially renamed in honor of Pérez in 2011, after he gifted the institution $40 million.)

“There’s a lot of well-known awards that a lot of artists strive for, whether it be the Turner Prize or the Hugo Boss Prize—we really want Miami and PAMM to be part of that conversation,” Hannah told Artnet.