In 2012, Dante Alighieri Society (Societa Dante Alighieri in Lettonia) awarded the patrons Boris Teterev and Inara Tetereva the Annual Grand Prize for contributing to the preservation of Italian cultural heritage in Latvia.
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Since 1997, the Teterev family has been actively and wholeheartedly supporting the reconstruction of Rundāle Palace.
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The foundation supports culture initiatives – the completion of Rundāle Palace’s restoration, Riga Russian Theatre () and the Latvian Academy of Music.