Fields Medal
The Fields Medal is a prize awarded to two, three, or four Mathematicians not over 40 years of age at each International Congress of the International Mathematical Union, a meeting that takes place every four years.
The Fields Medal is often viewed as the top honor a Mathematician can receive. It comes with a monetary award, which in 2006 was C$15,000 (US$15,000 or €10,000), founded at the behest of Canadian Mathematician, John Charles Fields. The medal was first awarded in 1936, to Finnish Mathematician Lars Alford and American Mathematician, Jesse Douglas, and has been periodically awarded since 1950. Its purpose is to give recognition and support to younger mathematical researchers who have made major contributions.
Aravind R, Student Representative, Science Forum