While an undergraduate at Dickinson College in Carlisle, Pennsylvania, Rauschenbach was active in athletics playing soccer, Wrestling and Lacrosse.

In addition to being an outstanding student-athlete, the recipient must possess strong leadership qualities, demonstrate good sportsmanship, and serve as positive role models for future athletes.

Rauschenbach served in the Massachusetts House and Senate, and was a member of several committees such as: Ways and Means, Banking, Health Care, Human Services, Insurance and Governmental Regulations.

Rauschenbach was alleged to have accepted $17,500 over seven months in 1991 from Carmen W. Elio of Fanueil Hall Capital Group, who had business ties with the fund's director.

A Suffolk County grand jury indicted both Rauschenbach and Elio for violating the conflict of interest law and conspiracy.