FAO Schwarz Fellowship Announces Increase in Fellowship SalariesĀ for 2025-2027 Cohort
BOSTON ā July 29, 2024 The FAO Schwarz Fellowship has announced a salary increase for the 2025-2027 cohort of Fellows.
When they start next summer, Fellows will earn a salary of $50,000 (Boston & New York City) or $45,000 (Philadelphia), with both figures including a $2,000 start-of-Fellowship bonus. In their second year, Fellows will earn $55,000 (Boston & New York City) or $50,000 (Philadelphia), with both figures including a $3,000 end-of-Fellowship bonus.Ā
Due to the differences in the cost of living, the salaries for Boston and New York City-based Fellows will be slightly higher than those of Philadelphia Fellows.
Fellows will also receive the same benefits as entry-level employees at their host organization, which may include health insurance, any 401k or 403b matching options, and more. Fellows will also participate in two weeks of professional development training facilitated by the Fellowship each year.
We annually review benchmarking data in the three cities where we offer Fellowships, and adjust as needed to ensure that Fellows receive a living wage, good benefits, and leadership training.
Salaries are paid by the host organizations, with funding support from the FAO Schwarz Family Foundation.
Ā “We annually review benchmarking data in the three cities where we offer Fellowships, and adjust as needed to ensure that Fellows receive a living wage, good benefits, and leadership training,” said Priscilla Cohen, Executive Director of the FAO Schwarz Family Foundation. āThe FAO Schwarz Fellowship program works hard to ensure that Fellowship salaries remain competitive with other distinguished Fellowships and the nonprofit market as a whole.ā
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