Louis O. Kelso Fellowship

The Louis O. Kelso Fellowships are awarded to outstanding scholars studying the topic of broadened ownership of capital in a democratic Louis O. Kelsosociety in the United States. Ph.D. candidates, postdoctoral scholars, or visiting professors in the areas of business/economics/labor studies/management, history, law, philosophy, political science, psychology, public policy, or sociology may apply. 

The Kelso Fellowships are supported by the Employee Ownership Foundation.

The general theme of the fellowship includes the study of the idea and practice and public policy of broadening the ownership of capital assets in society such as the Employee Stock Ownership Plan (ESOP), which broadens the ownership of corporations, as well as approaches whereby consumers may have capital ownership of enterprises and individual citizens may have access to opportunities for capital acquisition. The relevance of these and other related ideas to the concept of economic democracy and democratic capitalism can also be pursued. 

These ideas were explored in the writings of Louis O. Kelso. The fellowship would permit the scholars to conduct their own work and also associate with several faculty members at Rutgers engaged in this area of research and receive mentoring and support. The fellow will be part of the network facilitated by SMLR at Rutgers University, but is not required to be in residence at Rutgers.

The fellows may be supported at their home institution or may be in residence at Rutgers University with the period and length of residency varying between July 1 and June 30 of the academic year.  The fellows will receive stipends of $12,500 that can be used for research, travel, or living expenses. 

Mid-Year Fellows Workshop in Honor of Louis O. Kelso

The purpose of the annual workshop is to study broad-based forms of capital ownership and capital income such as employee stock ownership, equity compensation, profit sharing, gain sharing, and worker cooperatives in the corporation and approaches to broadened citizen capital ownership and dividend funds in the society in the United States. 

The workshop provides an opportunity for scholars to present research in progress, receive mutual mentoring and feedback, work on joint research projects and publications, and meet foundation officials and publishers interested in building asset wealth for citizens. The workshop convenes members of the Fellowship Program of the School of Management and Labor Relations (SMLR) at Rutgers University. 

View our 2019 workshop program

How To Apply

Applicants must submit the following information in writing by December 31.

Apply now for the 2020-2021 Fellowships

  1. A statement of no more than 1,500 words describing their proposed research project including its current status and broader significance;
  2. A curriculum vitae; 
  3. Three letters of reference (included in sealed envelopes or submitted separately by email to kelso_fellowships@smlr.rutgers.edu;
  4. A preliminary budget if the request is for research expenses. 
  5. Address: 
    Search Committee, Kelso Fellowships
    Rutgers, The State University of New Jersey
    School of Management and Labor Relations
    94 Rockafeller Road
    Piscataway, NJ 08854

See eligibility guidelines above for who may apply.  Recipients will be announced by March 15.

For more information or questions, please email kelso_fellowships@smlr.rutgers.edu.