can anybody apply for that?
it sounds like a lot of money
i could buy a new tv and take a trip to hawaii
Frank Samford fellowship requirements
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Normally GMs. IIRC, it's for the recipient to be able to focus solely on chess, so whoever is awarded the grant is normally a very strong player. I think Nakamura got it several years back as an example.
Apr 17, 2017
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#4
http://www.uschesstrust.org/frank-p-samford-jr-chess-fellowship/
and
https://new.uschess.org/news/2017-annual-samford-fellowship-announced/
edit: wish I would have noticed the OP was from 2012 
What are the requirements for getting this award ? So far I only know that I have to be USCF or FIDE rated and a resident of the U.S. for a year which I am all of those.