The David & Lucile Packard Foundation Fellowships
In 1988, the Foundation established the Packard Fellowships for Science and Engineering to allow the nation's most promising professors to pursue early career science and engineering research with few funding restrictions and limited paperwork requirements. Every year, the Foundation invites the presidents of 50 universities to nominate two professors from each of their institutions. Nominations are reviewed by an advisory panel of distinguished scientists and engineers. The panel selects 20 Fellows to receive individual awards of $875,000, payable over five consecutive years.