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What is the difference between the Track 1 and Track 2 stipend administration options?

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What is the difference between the Track 1 and Track 2 stipend administration options?

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For Track 1, RWJF grants up to $165,000 directly to the institution named as the sponsoring institution. During the first twelve months, (September 1, 2010 through August 31, 2011) fellowship funds of up to $94,000 in salary plus an additional amount for fringe benefits may be requested. The sponsoring institution may supplement the fellowship funds. Under Track 2, the IOM to administers the award for applicants without a sponsoring institution. A fellow under Track 2 will receive a stipend of up to $94,000 divided equally into 12 monthly payments and may request enrollment in an optional health insurance program. The stipend and health insurance payments are subtracted from the total award of $165, 000.

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