Awarded to individuals. Given primarily for professional development and are meant to support the recipient who is taking advanced courses, carrying out research, or working on a project. The fellowship money is meant to serve as a salary that covers living expenses.
Fellowships exist for graduate students at all levels of study.
Financial need is occasionally a consideration. Residential Fellowships are given to support work undertaken at a specific location, generally a facility operated by the sponsoring organization. For instance, a number of research libraries across the country award fellowships to persons wishing to conduct research using their collections. The fellowships usually cover travel and living expenses during the time of residence and may be awarded in the form of a fixed stipend or on a monthly basis. They usually do not include basic living expenses.