Great Britain's Elena Baltacha, who sadly lost her battle with liver cancer in April, was given a Lifetime Fed Cup Heart Award at the draw in Paris.
Baltacha was recognised for her achievements in the competition that saw her contest 39 Fed Cup ties over a 12-year period.
Great Britain's Fed Cup captain Judy Murray collected the award on behalf of her family, while the ITF donated a cheque for $10,000 to the two charities, Royal Marsden Cancer Charity and The Elena Baltacha Academy of Tennis, being supported by the ‘Rally for Bally’ events on Sunday 15 June.
"I would like to thank the ITF on behalf of Bally and her family for this Lifetime Acheivement Award," said an emotional Murray.
"I knew Bally since she was nine years old, playing her very first tennis tournament. For the last two-and-a-half years I had the honour of being her Fed Cup captain and I can honestly say that you could not have asked for a better player to lead your team. She was a role model to the younger players, an amazing professional - selfless, humble, with the heart of a lion.
ITF President Francesco Ricci Bitti said: “We were privileged to have Elena Baltacha’s participation in Fed Cup by BNP Paribas and also London 2012. In the many years that I have been involved with both Fed Cup and Davis Cup, it has been my good fortune to watch hundreds of players who play their heart out when they play for their country. Bally was that kind of player, a team player, and it is people like her who make our competitions meaningful and strong. She will be missed.”