History
The Hertz Foundation was established in 1957 with the goal of supporting applied sciences education. The founder, John D. Hertz, was a European emigrant whose family arrived in the United States with few resources, when the boy was five years old. Hertz matured into a prominent entrepreneur and business leader as the automotive age burgeoned in Chicago, Illinois. Initially, the Foundation granted undergraduate scholarships to qualified and financially limited mechanical and electrical engineering students. In 1963, the undergraduate scholarship program was phased out and replaced with postgraduate fellowships leading to the award of the Ph.D. The scope of the studies supported by Fellowships was also enlarged to include applied sciences and engineering. Recipients of the Hertz Fellowship typically attend competitive graduate schools such as Stanford, Harvard, MIT, Caltech, Princeton University, and UC Berkeley. In 2008, 16 Fellows were named with fellowships of approximately $250,000 apiece from over 600 applicants.
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