The Young Artist Award was created in 1979 to honor young actors in the entertainment industry.
Cy Young Award was created in 1956.
Young Reader's Choice Award was created in 1940.
Young Europe was created in 1834.
The Hong Kong Award for Young People was created in 1961.
Philip Parsons Young Playwrights Award was created in 1996.
Standard Bank Young Artist Award was created in 1981.
AACTA Award for Best Young Actor was created in 1991.
Young Democrats for Europe was created in 2007.
Sunday Times Young Writer of the Year Award was created in 1991.
That would be Cy Young. The award, named for him, was not created until the 1950s, long after he retired and passed away.
I may be wrong, but I think Deborah Young created The Effervesce Award shaped poem in 2006.