FUNDING FELLOWSHIP PROGRAMS
One of the most important aspects of a fellowship program is determining how it will be funded and how to make it a sustainable program. The OMFC recommends having a 5-year sustainability plan that includes a detailed expense and revenue budget.
There are a number of ways to fund fellowship programs. Early in the process, you should:
- Reach out to your institution’s graduate medical education office early in the planning process. You may be able to connect with other fellowships at your institution and learn how they funded their programs.
- Connect with your institution’s development office. This office can be vital in connecting you with potential funders and helping with applications for funding.