The Elliott Cresson Medal, also known as the Elliott Cresson Gold Medal, was the highest award given by the Franklin Institute. The award was established by Elliott Cresson, life member of the Franklin Institute, with $1,000 granted in 1848. The endowed award was to be "for some discovery in the Arts and Sciences, or for the invention or improvement of some useful machine, or for some new process or combination of materials in manufactures, or for ingenuity skill or perfection in workmanship." The medal was first awarded in 1875, 21 years after Cresson's death.

The Franklin Institute is a science museum and the center of science education and research in Philadelphia, Pennsylvania. It is named after the American scientist and statesman Benjamin Franklin. It houses the Benjamin Franklin National Memorial. Founded in 1824, the Franklin Institute is one of the oldest centers of science education and development in the United States. Its chief astronomer is Derrick Pitts.