The Fondation Prince Pierre was established by Prince Rainier III of Monaco in February 1966 to promote culture and the arts through the creation and the awarding of prizes. Prince Rainier III created the foundation in tribute to his father, Pierre de Polignac a great patron of the arts.

Based on the paragraph above can we conclude that "Prince Rainier III's foundation is a tribute to his father, so it must support the arts. "?
Yes