"does a remarkable job of identifying future change agents." The Foundation's operations are overseen by full-time Executive Secretary Terry Babcock-Lumish. Its endowment, which takes the form of a federal trust fund held in the U.S. Department of the Treasury, is $55 million. Current Board members include Senator Roy Blunt, Senator Brian Schatz, Secretary of Education Miguel Cardona, Congresswoman Kay Granger, and Congressman Ted Deutch. Qualifications The scholarship is awarded to between 50 and 60 U.S. college juniors each year on the basis of four criteria: service on campus and in the community, commitment to a career in public service (government, uniformed services, research, education, or public interest/advocacy organizations), communication ability and aptitude to be a "change agent," and academic talent that would assure acceptance to a first-rate graduate school. More broadly, Truman Scholars possess intellect, leadership skills, and passion that would make them a likely force for the public good in any field. Application process In order to apply for the scholarship, students must first be nominated by their undergraduate university. Each undergraduate institution in the United States is allowed to nominate up to four students who have attended since freshman year. The foundation receives 900 applications annually, of which between 50 and 60 will be selected. Each application is examined by a regional review panel, which selects finalists to interview. The interviews are conducted by panels of former Truman scholars, trustees of the board, and notable national public servants. The panelists make final selections of scholarship winners, attempting to choose one from each of the 50 states and American territories. No particular career, service interest, or policy field is preferred during the process. Each year, the Truman Scholarship is awarded to one or two students from institutions that have never had a Truman Scholar. Benefits Scholars currently receive an award of $30,000 going toward up to three years of graduate education leading to a career in the public service. Winners also benefit from a network of other scholars through the Truman Scholars Association and lasting friendship, which is encouraged by the Truman Scholars Leadership Week at William Jewell College in Liberty, Missouri, and the Truman Library in Independence, Missouri, during which new scholars collaborate on policy projects. Notable Truman Scholars See also Boettcher Scholarship Churchill Scholarship The Flinn Scholarship Fulbright Scholarship Gates Cambridge Scholarship Harkness Fellowship Jardine Scholarship Knight-Hennessy Scholars Marshall Scholarship Mitchell Scholarship Presidential memorials in the United