The Markey Trustees recognized the importance of providing funding to young biomedical scientists to launch their careers. The Trust dedicated $63,093,900 to fund the Scholar Awards in Biomedical Sciences and the United Kingdom and Australian Visiting Fellows.
By establishing the Markey Scholars program in 1984, the Trustees recognized that top priority should be given to the support of young researchers as they moved from postdoctoral into junior faculty positions. The goal was to enable the Markey Scholars to conduct independent research early in their careers. Between 1985 and 1991, 113 Markey Scholars were supported for up to three years of postdoctoral training followed by five years as beginning faculty members. This support included both salary and research funding. Scholar awards ranged from $570,000 to $711,000 depending on the length of the postdoctoral experience. The Markey Trust was unique in providing support for young scientists for up to eight years. The total funding for Markey Scholars was $59,795,900.