The "Genius Grant" is a colloquial term for the MacArthur Fellowship, awarded annually by the John D. and Catherine T. MacArthur Foundation. This prestigious award recognizes individuals who have shown exceptional creativity and potential in their respective fields, including the arts, sciences, and social justice. Recipients of the fellowship receive a no-strings-attached stipend, typically amounting to $625,000, distributed over five years. The grant aims to support innovative thinkers and encourage their continued contributions to society, fostering an environment where creativity can thrive without financial constraints.