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Abstract: 

Scholarship payments can be a tricky business. If nothing else, the requirement of advance IRS approval of selection procedures makes this something that must be handled with care. What if a foundation has received advance approval of its procedures, but then wants to provide some additional benefits not originally contemplated? Under Treas. Regs. § 1.117-3, a scholarship or fellowship grant is defined as including the value of “contributed services and accommodations,” as well as tuition, matriculation, and other fees.

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