Grants include the following types of expenditures:

• Scholarships, fellowships, internships, prizes, and awards
• Loans for charitable purposes
• Program related investments
• Payments to exempt organizations to further the organizations' exempt purposes

Grants do not ordinarily include the following types of expenditures:

• Salaries or compensation to employees
• Payments to persons for personal services in helping a foundation plan, evaluate, or develop projects or areas of program activity by consulting, advising, or participating on conferences organized by the foundation.