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The Steedman Fellowship, granted since 1925, is awarded biannually on the basis of an International Design Competition. The Competition is supported by an endowment given to the Washington University College School of Architecture in honor of James Harrison Steedman, who received a degree in mechanical engineering from Washington University in 1889. He was a decorated veteran of World War I, and passed away at the family's home in Montecito, California in 1921. The memorial was established by Steedman's widow, Mrs. Alexander Weddel, and Steedman's brother, George.

The Steedman Traveling Fellowship enables graduates of accredited professional degree programs in architecture around the world to travel for architectural research and study in foreign countries for a period of nine months. The $50,000 Fellowship is awarded to the winner of the Steedman International Design Competition. The award is based on the quality of the selected winner's competition design entry, but the quality of his/her research proposal is also considered.

Candidates must be graduates of an accredited school of architecture, and be currently employed in, or have completed at least one year of practical experience in the office of a practicing architect. Candidates are eligible to compete for up to eight years after receipt of their professional degrees, regardless of age. Citizens of all countries are eligible to compete for the Fellowship.