For 2025, the amount of the W. Eugene Smith Student Grant is $5,000. The grant provides two students with the opportunity to complete a photographic essay.

In the event the applicant is the recipient of the Student Grant, the applicant understands and agrees that $4,500 of the total Grant of $5,000 will be paid upon receipt of the Grant, and $500 will be paid upon receipt of twelve (12) digital images within eighteen (18) months after receipt of the Grant. The recipient must also submit a final report detailing how the grant was used and how the money contributed to the success of the project.

The images and prints referenced above will become part of the W. Eugene Smith Legacy Collection at the International Center of Photography ("ICP").  Recipients agree that, along with the delivery of the images and prints, the Recipient will sign a Deed of Gift granting an irrevocable worldwide nonexclusive license to the Smith Fund and to ICP to use each of the images and prints in exhibitions and to reproduce each of the images and prints in any media now known or hereafter developed (print, electronic, film, or other) for non-commercial purposes including, but not limited to, reproductions used in advertising, public relations, catalogs, books or other similar publications relating to the Smith Fund or to ICP.

The W. Eugene Smith Memorial Fund, Inc., a not-for-profit corporation qualified under Section 501(c)(3) of the Internal Revenue Code, independently administers the grant program that provides photographers with the opportunity to carry out or complete a major photographic essay.