Since 1988, the McGraw-Hill Companies has awarded the Harold W. McGraw, Jr. Prize in Education to three individuals who have had an unusually positive impact in the field of education. Past honorees include U.S. Secretaries of Education Roderick Paige, Richard Riley, and Terrel Bell, former First Lady Barbara Bush, former Governor James Hunt, as well as university presidents, principals, superintendents, and educators from across the country. Prize recipients are selected by a distinguished board of judges who review eligible nominations. Recipients are honored at a dinner in New York City and receive a $25,000 prize.