This prize was established in 1961 in memory of Professor Oswald Veblen through a fund contributed by former students and colleagues. The fund was later doubled by the widow of Professor Veblen. In honor of her late father, John L. Synge, who knew and admired Oswald Veblen, Cathleen Synge Morawetz and her husband, Herbert, substantially increased the endowed fund in 2013.