2005 Vatican II Awards Prayer Service and Ceremony
to honor men, women and young adults who exemplify the Church's vision set forth in the Second Vatican Council.
In case you wondered, that vision is described thus.
Vatican Council II speaks of the Church as engaged with the world, witnessing through word and action the justice and love of Jesus Christ. It is a Church wherein laity, priests and religious together make unique and integrated contributions to the mission of Christ.
If so, then if there aren't new religious, that vision will not be fulfilled.