The "Creating the Future" scholarship was established in 2010 in honor of Dr. E. Paul Torrance, creativity guru and founder of Future Problem Solving Program. FPS is an international competitive program in which students apply a problem solving process to situations involving global issues, to current issues in schools and communities, and to visions of the future through storytelling.

The scholarship recognizes a current FPS student who is graduating from secondary school. Applicants generally have many years of participation in competitive Future Problem Solving, often in more than one component. In addition, they have shown exceptional dedication to the program through actions that embody the skills of a creative problem solver and/or support the program in their geographic area.