The award was established in 1960 by Sir John Thouron and his American wife, Lady Thouron, to promote closer ties between the people of the United Kingdom and the United States. It is among the most prestigious and generous academic scholarships in the world, giving young people of outstanding ability and open minds the means to study, travel and immerse themselves in the life of their host country. Scholars are chosen not only for their academic achievements, but for their ability to engage with one another and take an active part in a changing world. They are expected to act as student-ambassadors, putting their energy and intellect to work strengthening the ties between two great nations.