When the German physical chemist Walther Nernst visited Yale in 1906 to give the Silliman lecture, he was surprised to find no tangible memorial for Gibbs. Nernst donated his $500 lecture fee to the university to help pay for a suitable monument. This was finally unveiled in 1912, in the form of a bronze bas-relief by sculptor Lee Lawrie, installed in the Sloane Physics Laboratory. In 1910, the American Chemical Society established the Willard Gibbs Award for eminent work in pure or applied chemistry. In 1923, the American Mathematical Society endowed the Josiah Willard Gibbs Lectureship, "to show the public some idea of the aspects of mathematics and its applications".