The Mary Isabel Sibley Fellowship is awarded annually, alternating in the fields of Greek and French. The award may be used for the study of Greek language, literature, history, or archaeology, or the study of French language or literature. Established in 1934 by Isabelle Stone (ΦΒΚ, Wellesley College) in honor of her mother, Mary Isabel Sibley, the fellowship was designed to reward the women in these two fields of study with the experience of studying and living abroad, which Miss Stone did in Greece during her studies. The fellowship carries a stipend of $20,000.