Local arts activist Bonnie Nelson Schwartz will receive the second annual Bravo Award given by Horizons Theatre tomorrow evening at the Arts Club. Schwartz, who founded the Helen Hayes awards and produced television and radio programs, including the PBS documentary, "Economics U.S.A.," will be honored as an individual "who faithfully supports the arts in D.C." Included among the 100-plus guests at the awards ceremony will be actresses Helen Hayes and Karen Akers and actor/publicist Arthur Cantor . . .

John Denver, singer and self-appointed emissary to the Soviet Union, met with Secretary of State George P. Shultz yesterday to discuss the possibility of reestablishing the cultural exchange agreement between the United States and the Soviet Union that expired in 1979. Denver said in an interview after the meeting that he told Shultz the Soviets "feel very good about" reinstating cultural relations. The singer said of the conference, "I was very pleased . . . His response was very pleasing, very supportive." . . .

New York Philharmonic conductor Zubin Mehta will make his motion picture debut in "On Wings of Fire," an unusual film about the founding of the Zoroastrian religion, the oldest monotheistic faith in the world. The film, narrated by Derek Jacobi, casts the Indian-born Mehta as himself, "a man in search of his roots and his heritage," a press release said . . .

Live Aid organizer Bob Geldof has received a check for $15.7 million, half the cash raised in Britain for African famine relief. Geldof said Thursday that Britain gave more than any other country to the appeal, launched by the Live Aid concerts in London and Philadelphia in July. "What I'd like to do with it is to buy everybody in Britain a large drink," he quipped as he accepted the check. "But it's actually going to buy a lot of drinks for a lot of people who really need it." . . .

At a luncheon Barbara Bush gave for the wives of ambassadors yesterday, each guest received a Lucite paperweight that included an etching of the vice presidential house, the date and Barbara Bush's signature. It was all very patriotic, except for one small note on the party favors that read, "Made in Taiwan." -- Lisa Serene Gelb