Managing your Ashoka Fellowship living stipend
The Ashoka Fellowship provides a living stipend, set by your local cost of living, so you can work full time on your social venture. The stipend is for your personal living expenses only and is not meant to fund the venture itself. Track your living costs (housing, food, health, transport, and personal expenses) and keep any venture spending in a separate place.
What the stipend is for
Ashoka elects social entrepreneurs and provides a living stipend for up to about three years. The amount is set individually based on your local cost of living and need, so there is no fixed global figure.
Importantly, the stipend covers your personal living expenses so you can focus on your work. It is not intended to fund your organization or venture, which should be supported by separate grants or revenue.
Track living expenses simply
Organize your spending into everyday categories: housing and utilities, food and household, health and family care, transportation, and personal and financial items. Logging these keeps you within your stipend and makes your situation clear if you ever need to show it.
Keep venture costs separate
Because the stipend is personal-only, track any venture or organization spending separately and mark it as outside your stipend budget. This keeps a clean wall between the two and avoids confusion later.
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