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In 1978, Dragone founded the Youth in Film Association (now known as the Young Artist Association), which presents Hollywood's annual Young Artist Awards to specifically recognize and honor outstanding contributions of child stars working within the entertainment industry who might otherwise be overlooked for other industry awards when judged alongside their adult counterparts.
After her death, a statement was posted on the HFPA's Golden Globes website, which read, "She will be missed, and was loved by so many people." The Young Artist Association that she founded announced its plans to feature a memorial tribute at the 34th Annual Young Artist Awards ceremony in her honor.