The IEEE Founders Medal is an award presented for outstanding contributions in the leadership, planning, and administration of affairs of great value to the electrical and electronics engineering profession. It may be presented to an individual or team of up to three in number. This medal was established by the Institute of Radio Engineers (IRE) in 1952. The medal continued to be awarded after the merge of the IRE with the American Institute of Electrical Engineers (AIEE) in 1963 to form the IEEE. Recipients of this medal receive a gold medal, bronze replica, certificate, and cash honorarium.