The award recipient receives a monetary prize of $25,000 and opportunity to present their research findings to researchers and students.

In 2005, the producer of a compilation album was the only award recipient.

The award recipient must not only excel athletically as a gymnast, but also must display outstanding sportsmanship and scholarship throughout his collegiate career.

Note to the organisers: next time, inform all award recipients in advance, or expect more hugely entertaining memor y lapses from national treasures.

Recipients will receive an annual cash reward of 2% of the value of the endowment fund each year for a two-year period, with an additional award recipient added each year.