The Mathematics Department Prize fund for this exam is up to \$1000, to be distributed among the exam winners. The exam consists of Mathematics Olympiad style problems. Originality and creativity are heavily weighed.
The Thayer Mathematical Prizes are financed by the income from a fund, originally in the form of a $1000 bond, the gift of General Sylvanus Thayer of the class of 1807, of Braintree, Massachusetts. The gift was received on July 4, 1869. According to the deed of gift, in terms slightly modified by General Thayer on October 11, 1871, the principal was “to constitute a perpetual prize fund for superior proficiency in the higher branches of Mathematics.”