Diane von Furstenberg

Diane von Furstenberg, a fashion legend to admire. Photo: Getty Images

As if designer and CFDA President Diane von Furstenberg wasn't awesome enough already, now she's gone and created honors for inspiring female leaders.

The DVF Awards, supported by the Diller-von Furstenberg Family Foundation, will recognize women whose leadership, courage, vision and commitment to producing positive change have transformed the lives of other women around the world.

With each prize comes a $50,000 award from the foundation.

There will be four awards given this year. The first two winners are Sadiqa Basiri Saleem of Afghanistan and Danielle Saint-Lot of Haiti, both of whom are active in the Vital Voices Global Network -- von Furstenberg has been a longtime supporter of the organization.

The "People's Voice" Award will honor an American woman who is working to make changes in her community and beyond. Nominees are Stephanie Palmer (New York City Mission Society), Kirsten Lodal (LIFT), Katherine Chon (Polaris Project), Catherine Harper Lee (The Justice League of Ohio) and Malika Saada Saar (The Rebecca Project).

Anyone can vote for their favorite on DVF.com and facebook.com/dvf. The final award will be given to a a prominent public figure who is using her influence and leadership to bring visibility and resources to the advancement of women.

"Women never cease to impress and inspire me," von Furstenberg said in a release. "These are women who have shown the courage to fight, the power to survive, and the leadership to inspire."

The inaugural DVF Awards will be presented on March 13th, 2010 at a ceremony hosted by the designer and Tina Brown on the closing night of The Daily Beast's Women in the World Summit at the United Nations.