Fellowships are tenable for a semester or a full academic year, and fellows are expected to remain in residence for the entire time, except for brief absences for events such as conferences. Although fellows will spend the great majority of their time on their own scholarship, the Institute encourages intellectual inter-change. To this end, each fellow is expected to attend, and to give one presentation to, the Institute's weekly seminar. The Institute's meeting room also supplies a venue for in-formal sharing of ideas over coffee or lunch.
Fellowships are both stipendiary and non-stipendiary.
The Institute also welcomes applications for residence from scholars with funding from other sources.