What's the difference between a fellowship and a residency?
A fellowship is a nontaxable gift of money to support inquiry on the part of students in their field of interest and to provide for their educational expenses and for some or all of their living expenses.
Source: Greenwood Dictionary of Education
A residency is a specific allotment of time awarded to an applicant to complete a project that was probably clearly defined during the application process. Most residencies are served on the campus or grounds of a colony, foundation, university, art center, museum or estate. Residencies provide various levels of physical and financial support for the artist. Some charge minimal fees for food, housing, materials, or studio space.
Source: Artists & Writers Colonies
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