In addition , the Academy gives Student Academy Awards annually to filmmakers at the undergraduate and graduate level ; awards up to five Nicholl Fellowships in Screenwriting annually ; and operates the Margaret Herrick Library in Beverly Hills , California and the Pickford Center for Motion Picture Study in Hollywood , California , which will expand to include The Museum of the Academy of Motion Picture Arts and Sciences , to open as a tourist attraction by 2012 . In addition , the Academy gives Student Academy Awards annually to filmmakers at the undergraduate and graduate level ; awards up to five Nicholl Fellowships in Screenwriting annually ; and operates the Margaret Herrick Library ( at the Fairbanks Center for Motion Picture Study ) in Beverly Hills , California and the Pickford Center for Motion Picture Study in Hollywood , Los Angeles , California .