Pope John Honored: Pontiff Receives Peace Prize. At St. Peter's Basilica, a ceremony without precedent in Vatican circles. Pope John XXIII becomes the first Pontiff to receive a prize for peace - the Balsam Prize, worth $230,000. He immediately announced he would use the money to set up a foundation to work for international peace. Vatican, Rome, Italy St. Peter's Basilica throngs of Christians gather. MSOH - The procession being led by former Italian President, Giovanni Gronchi. MSOH - Pope John XXIII (23rd) recipient for the Balsam Prize for peace. CUS - Hand carved clock approximate time 1:50. MS - Former President Gronchi at the podium. MS - Pope John XXIII sitting on a chair. MS - Pope blessing the people inside St. Peter's.