The McGraw Fellowship provides editorial and financial support to journalists who need the time and resources to produce a significant story or series that provides fresh insight into an important business or economic topic. Awards are $5,000 a month for 1-3 months; in exceptional cases, longer grants are provided based upon specific proposals. Applicants have a proven ability to report and execute a complex project in their proposed medium and a strong background or reporting expertise on the subject of their piece. Applications are accepted twice a year.