MacArthur Fellowships are presented to especially promising scholars and professionals based on originality, insight and potential. Each year, the MacArthur Foundation awards approximately 20 to 30 of these $500,000 fellowships. Nicknamed "the Genius Grant," this fellowship is intended as an investment in the creative powers of the recipient and is designed to have as few restrictions as possible. The purpose of the Fellows Program "is to enable recipients to exercise their own creative instincts for the benefit of human society." The MacArthur Foundation solicits nominations from established experts in a variety of scholarly and professional fields and does not accept unsolicited nominations.