She was given the title of Marchioness of O'Shea by the King of Spain in 2008,[2] the Légion d'honneur of France,[3] the gold medal of the Spanish Institute in New York, and the Picasso Award of the UNESCO.

She has never stopped developing her initiatives ever since, through world-scale activities aimed at the modernization of musical life in Spain: The Albéniz Foundation is the cultural institution that has been encouraging, managing and coordinating these programs for more than twenty years and the instrument that has allowed Paloma O'Shea to reunite private and public efforts altogether in a common project of community service.

In 1998, because of an agreement of the Counsel of Ministers, Paloma O'Shea received from the hands of Their Majesty the Kings of Spain the Golden Medal to the Merit in Fine Arts.

A year later she was awarded with the Honor Medal of the Manuel de Falla Archive, "Adoptive Daughter" of Santander and Honorary Fellow title of the Royal Academy of Music in London.

This isolated series of lessons gave place to a regular and broader call for Summer Courses, celebrated each year in Santander and including instruments other than piano.

To make this ideal a reality, Paloma O'Shea managed to get the support of important artistic personalities including Alicia de Larrocha, Zubin Mehta, Lorin Maazel, Yehudi Menuhin and Mstislav Rostropovich.

Its interior offers all the facilities that requires a centre of musical excellence, including the most advanced technological systems and a superb Auditorium with 450 seats that has already become a cultural heart in downtown Madrid.