The Medal for Distinguished Achievement originated with the Trustees' Honorary Degrees and Awards Committee on June 18, 1992, and was formalized by resolution of the University Trustees on October 20, 1992.
The resolution stipulated that the Medal be awarded "to those individuals whose performance is in keeping with the highest goals of the University and who have contributed to the world through innovative acts of scholarship, scientific discovery, artistic creativity or societal leadership." These criteria for awarding a Medal are similar, though not identical, to those for an Honorary Degree.