The Albert Medal of the Royal Society of Arts (RSA) was instituted in 1864 as a memorial to Prince Albert, who had been President of the Society for 18 years. It was first awarded in 1864 for "distinguished merit in promoting Arts, Manufactures and Commerce". In presenting the Medal, the Society now looks to acknowledge individuals, organisation and groups that lead progress and create positive change within contemporary society in areas that are linked closely to the Society's broad agenda.