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ANSWERS: 1
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There is no cut and dry answer. From IRS.gov, various answers can be attained. For example from the Publication 578, Tax Information for Private Foundations and Foundation Managers, p.18 (http://www.irs.gov/charities/foundations/article/0,,id=137396,00.html), grants to individuals for travel, study, or other similar purposes (including loans made for charitable purposes, and program-related investments) are taxable expenditures, unless the following conditions are met: 1.The grant must be awarded on an objective and nondiscriminatory basis under a procedure approved in advance by the Service, and 2.It must be shown to the satisfaction of the Service that one of the following requirements is met-- a. The grant is a scholarship or fellowship and is to be used for study at an educational institution that normally maintains a regular faculty and curriculum and normally has a regularly organized body of students in attendance at the place where the educational activities are carried on. b. The grant qualifies as a prize or award under Internal Revenue Code section 74(b),
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