United Kingdom, May 20 -- The Prince and Princess of Wales have been recognised by Time Magazine in its prestigious Top 100 Philanthropy Awards.

William, 42, and his wife Catherine, 43, have spent years working with charities and were praised by the publication for their efforts to "modernise royal philanthropy" through social innovation and corporate partnerships.

In its citation about the pair, Time wrote: "Prince William and Catherine, Princess of Wales, are less concerned with cultural preservation and more attuned to social issues, tackling homelessness and rural mental health through their Royal Foundation and spotlighting innovative solutions to climate change through the Earthshot Prize, an environmental award founded by William...