The Aspen Institute Program on Philanthropy and Social Innovation (PSI) in Washington, DC offers the William Randolph Hearst Endowed Fellowship to one student three times annually. The fellowship, which is based on academic excellence and need, is open to both undergraduate and graduate students of color. The Hearst Fellow serves as an intern with PSI in the Washington, DC office of the Aspen Institute. Through this fellowship, PSI seeks to introduce a diverse group of students to issues and challenges affecting philanthropy, social enterprise, nonprofit organizations, and other actors in the social sector. Recipients may arrange with their colleges or universities to receive academic credit for this experience.