Physician-scientists play a pivotal role in the biomedical workforce as a crucial link between clinical practice and research. The American Academy of Pediatrics (AAP), Section on Neonatal-Perinatal Medicine, initiated the Marshall Klaus Perinatal Research Award to enhance the development of research skills among physicians training in Neonatal-Perinatal Medicine. In this study, we sought to identify trends in funding along with geographical and demographic variables of the applicants and mentees and assess the applicants' scholarly productivity and funding from the National Institutes of Health (NIH). We found that basic science applications had a higher funding likelihood than clinical/translational applications. Female applicants comprised most awardees, and the geographical distribution of awardees is skewed towards top research-oriented academic divisions. There was significant association between awardee status and K08 or K23 funding attainment. These findings inform future efforts for more equitable academic career opportunities and a more diverse research landscape in neonatal medicine.