Administration of Fellowship Funds

There are two options for the administration of fellowship stipends.

Track 1: Sponsoring Institution
Applicants with sponsorship from an eligible institution shall indicate the source of sponsorship in the application. Nonprofit health care organizations and academic centers are eligible sponsors. Applicants who arrange institutional sponsorship with their current institution are expected to return to the sponsoring institution after the fellowship.

Track 2: Program-Administered Stipend
Applicants without a sponsoring institution may request the award be administered by the Institute of Medicine (IOM). A fellow under Track 2 will receive a stipend of up to $94,000 divided equally into 12 monthly payments, and may request enrollment in an optional health insurance program that is subtracted from the $165,000 award. Stipend payments will continue while the fellow remains in the fellowship.

Taxability: Fellowship stipends may be subject to income taxes. The National Academies/IOM will not withhold or report income taxes and will not deduct F.I.C.A. contributions (Social Security taxes) from the stipends. Fellows are not considered IOM employees. Responsibilities for any applicable taxes on the award rest with the fellow. Please consult the IRS website at www.irs.gov for more information about fellowship tax reporting and for information on how to file a quarterly declaration of estimated tax, if indicated.