The Alice T. Schafer Mathematics Prize recognizes a woman undergraduate who has demonstrated excellence in mathematics. The nomination period is August 1 – September 15 annually.  Nominations are submitted via MathPrograms.org.

Here is a note from the AWM Executive Committee:
Historically, excellence has been defined in a very narrow way, often limited to attendance at an elite institution, early enrollment in advanced courses, attendance at a well-recognized REU, independent research, and, ultimately, publication of one or more research results. While we continue to value these qualities, we also desire to expand that definition and considerably broaden the mathematical community’s understanding of what constitutes excellence in undergraduate work. The objective of the Schafer Prize is to “recognize talented women with an eye to the highly diverse opportunities immediately available to undergraduates in a wide variety of institutions.” In order to encourage and sustain the entry of a gifted and representative pool of young mathematicians into our professional community, we welcome nominations of undergraduates from a diverse set of institutions and diverse paths of mathematical excellence.