MacArthur Foundation Fellowship (The ‘Genius Grant’) is a fully funded scholarship offered by John D. and Catherine T. MacArthur Foundation for students pursuing studies in United States of America. The award covers Fellows receive a $800,000 stipend paid out over five years with no strings attached and no reporting requirements. It is an investment in a person's originality and potential rather than a reward for past achievement. and is open to all levels (post-graduate, professional, artists, scientists, etc.) students studying all fields (arts, sciences, humanities, public service, etc.). The scholarship runs for 5 years. Eligibility is generally based on awards are granted to individuals who show exceptional creativity, promise for important future advances based on a track record of achievement, and potential for the fellowship to facilitate subsequent creative work. The application deadline is None (The fellowship does not accept applications; it is by nomination only), with an acceptance rate of approximately Varies (Estimated to be less than 0.001% of potential eligible candidates). Competition for this scholarship varies year to year, so early preparation of required documents is recommended.