The Harry S. Truman Scholarship is the premier graduate fellowship in the United States for public service leadership. It is a federally funded scholarship granted to U.S. undergraduate students for demonstrated leadership potential, academic excellence, and a commitment to public service. It is administered by the Harry S. Truman Scholarship Foundation, an independent federal agency based in Washington, D.C. Congress created the scholarship in 1975 as a living memorial to the 33rd president of the United States. Instead of a statue, the Truman Scholarship is the official federal memorial to its namesake president. According to The Washington Post, the Truman Scholarship's "sole aim is to pick out people with potential to become leaders—then provide support to help them realize their aspirations." The scholarship supports public service oriented graduate study in the amount of $30,000. Each year, between 50 and 60 university nominated candidates in their junior year are named Truman Scholars following a rigorous application process involving essays, recommendations, and an interview. Scholarships have historically been awarded to one individual from each U.S. state. Each university in the United States may nominate, annually, only four regularly-enrolled candidates, and up to three transfer students, who represent the most accomplished nominees from that university. History On May 30, 1974, Senator Stuart Symington of Missouri sponsored S.3548, formally titled "A bill to establish the Harry S. Truman Memorial Scholarships." Symington held the same Class 1 Senate seat that Truman had held from 1935–1945 before becoming Vice President. The Senate passed the bill on August 2, and the House followed suit on December 17. Two similar House bills, H.R.15138 sponsored by William J. Randall of Missouri and H.R.17481 sponsored by James G. O'Hara of Michigan, were set aside in favor of Symington's bill. The bill was signed by President Gerald Ford and enacted as Public Law 93-642 on January 4, 1975 and entered the United States Statutes at Large as 88 Stat. 2276–2280, and the United States Code as 20 U.S.C. 2001–2013. It now operates as Program 85.001, governed by 45 CFR 1801 as published in the Code of Federal Regulations in the Federal Register. Governance The Truman Scholarship is administered by the Harry S. Truman Scholarship Foundation, an independent federal executive branch agency. It is governed by a 13-member Board of Trustees previously headed by President Madeleine Albright, who said that the foundation "serves as a gateway for America's public service leaders" and