An "annual stipend" is a set amount of money that is paid to someone once a year. It is like a regular payment or salary, but it is given annually instead of monthly or weekly. Full definition
Under President Obama's new STEM Master Teacher Corps, exceptional STEM teachers could receive annual stipends of up to $ 20,000 on top of their base salaries. (ascd.org)
But most lawmakers also receive extra annual stipends for leadership assignments, ranging from $ 9,000 to $ 41,500. (nypost.com)
It's nobody's job to buy computers — every employee brings her own, with a help of a $ 500 annual stipend from the firm. (canadianbusiness.com)