The Academy Honorary Award – instituted in 1950 for the 23rd Academy Awards (previously called the Special Award, which was first presented at the 1st Academy Awards in 1929) – is given annually by the Board of Governors of the Academy of Motion Picture Arts and Sciences (AMPAS). Since 2009, it has been presented at the separate annual Governors Awards rather than at the regular Academy Awards ceremony. The Honorary Award celebrates motion picture achievements that are not covered by existing Academy Awards, although prior winners of competitive Academy Awards are not excluded from receiving the Honorary Award.