Up to three awards of $1,500 each are presented at each (triennial) International Symposium of the MOS.

Originally, the prizes were paid out of a memorial fund administered by the AMS that was established by friends of the late Delbert Ray Fulkerson to encourage mathematical excellence in the fields of research exemplified by his work.

The prizes are now funded by an endowment administered by MPS.

Source: Mathematical Optimization Society official website.

[47] Source: American Mathematical Society official website.