PHILADELPHIA, PA - SEPTEMBER 16: The Heisman Trophy sits on a table during a college football game. (Andy Lewis/Icon Sportswire via Getty Images)

The Downtown Athletic Club first presented college football's prestigious Heisman Trophy in 1935. After the Downtown Athletic Club declared bankruptcy in 2002, the Heisman Trust has continued the tradition.

But what is the Downtown Athletic Club exactly, and what is its history? It's certainly not limited to the Heisman Trophy alone. We've put together a brief summary of the club's origin, as well as a few key facts you need to know.

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PHILADELPHIA, PA - SEPTEMBER 16: The Heisman Trophy sits on a table during a college football game. (Andy Lewis/Icon Sportswire via Getty Images)

The finalists for college football's coveted Heisman trophy have been announced! The winner of the 2017 award will be either Lamar Jackson (quarterback, St. Louis), Baker Mayfield (quarterback, Oklahoma) or Bryce Love (running back, Stanford). The 2017 awards ceremony will take place on Saturday, December 9th at 6:00 pm and broadcast on ESPN. The prestigious accolade, of course, is given to the most outstanding NCAA football player each year. So each year, many casual sports fans may quietly ask themselves: who is the Heisman Trophy named after?

To find the answer, we need to look all the way back to 1935.

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