The Schweppe Foundation was established in the State of Illinois in 1947 by John S. Schweppe, M.D. as a memorial to Dr. Schweppe's parents, Charles H. and Laura Shedd Schweppe, who had a special interest in medical affairs and, in particular, in supporting medical education.

Career Development Awards are limited to applicants from the following medical schools and their affiliated research centers:

• Loyola University/Chicago
• Northwestern University
• Rosalind Franklin University
• Rush University Medical Center
• The University of Chicago
• The University of Colorado Health Sciences Center
• The University of Illinois at Chicago