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Scholarships for undergraduate students with a strong commitment to a career in mathematics, the natural sciences, computer science, and/or engineering.
The goals of the scholarship program are to foster and encourage excellence in mathematics, the natural sciences, and engineering. Arising from this goal is the desire to protect U.S. leadership in science and technology by educating and training new generations equipped to meet ever-increasing challenges.

Promising candidates show intellectual intensity in these fields and have the potential for significant future contribution. Successful candidates have had the opportunity to participate in research or have demonstrated their intellectual curiosity in other meaningful ways, such as internships or lab assistantships.

The Foundation is supported by the Barry M. Goldwater Scholarship and Excellence in Education Fund, which has been established in the Treasury of the United States. Funding for awards and administrative expenses derives from interest on the Trust Fund, invested in U.S. securities.