The Barry Goldwater Scholarship and Excellence in Education Program was authorized by the United States Congress in 1986 to honor Senator Barry Goldwater, who served his country for 56 years as a soldier and statesman, including 30 years of service in the U.S. Senate. The creation of this program pays tribute to the leadership, courage, and vision of Senator Goldwater and establishes in his name an endowed recognition program to foster and encourage excellence in science and mathematics.
The purpose of the Barry Goldwater Scholarship and Excellence in Education Foundation, as stated in the enabling legislation, is to alleviate a critical current and future shortage of highly qualified scientists, mathematicians, and engineers. A more realistic statement of the purpose, in today's terms, is to provide a continuing source of highly qualified individuals to those fields of academic study and research.
The Foundation is supported by the Barry Goldwater Scholarship and Excellence in Education Fund, which has been established in the Treasury of the United States. Funding for awards and administrative expenses derives from interest on the Trust Fund, invested in U.S. securities.
More Information at http://www.act.org/goldwater/yybull.html