The Arnold and Mabel Beckman Fellowships at Caltech, which grew out of a program initially funded by the Arnold and Mabel Beckman Foundation in 2000, is intended to identify, support and help develop the next generation of outstanding scientists, who demonstrate the highest levels of excellence in their accomplishments, capacity for independent work, and ability to compete for the most prestigious academic and other positions.  Beckman Fellows are appointed for a term of up to three years to carry out a research program in fundamental fields of biology, chemistry and related sciences, in affiliation with one or more existing programs in the Beckman Institute or other research groups at Caltech.  Applications are due in early January of each year, with recipients usually notified by March or April.  Additional details about the program and the application process may be found on the following website:
http://www.its.caltech.edu/~bi/fellows.html