University to honor Fritz Russ, one of its alumni. Charles Stark Draper Prize The NAE annually awards the Charles Stark Draper Prize, which is given for the advancement of engineering and the education of the public about engineering. The recipient receives $500,000. The prize is named for Charles S. Draper, the "father of inertial navigation", an MIT professor and founder of the Draper Laboratory. See also National Academies of Sciences, Engineering, and Medicine List of founding members of the National Academy of Engineering List of members of the National Academy of Engineering List of engineering awards References External links Official NAE website The Engineer of 2020: Visions of Engineering in the New Century (2004) NAE Grand Challenges for Engineering report (2008 Report), (2017 Update of 2008 document) National Academy of Engineering Grand Challenge Scholars Program Plan (2010) and , Committee on Science, Engineering, and Public Policy information Greatest Engineering Achievements ROBERT W. RUMMEL (1915–2009) obituary at NAE site National academies of engineering United States National Academies United States National Academy of Engineering 1964 establishments in Washington, D.C. Organizations established in 1964 History of engineering 20th century in technology