 It now operates as Program 85.001, governed by 45 CFR 1801 as published in the Code of Federal Regulations in the Federal Register.The Truman Scholarship is administered by the Harry S Truman Scholarship Foundation, an independent federal executive branch agency.It is governed by a 13-member Board of Trustees headed by President Madeleine Albright, who says the foundation "serves as a gateway for America's public service leaders" and "does a remarkable job of identifying future change agents."