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The Alan T. Waterman Award, named after Alan Tower Waterman, is the United States's highest honorary award for scientists no older than 40, or no more than 10 years past receipt of their Ph.D. It is awarded on a yearly basis by the National Science Foundation. In addition to the medal, the awardee receives a grant of $1,000,000 to be used at the institution of their choice over a period of five years for advanced scientific research.