Ronnie gave the award to Frank Sinatra, the guy who used to show up at the White House to "visit" Nancy when Ronnie was out of town. Of course, maybe Ronnie was worried he'd wake up with a horse's head in his bed if he didn't give Frank the award.
Oh, c'mon, Fred. Frankie Boy could do better than that. Nancy Reagan looked/looks just like "Madame," Wayland Flowers' ventriloquist dummy.