Bulletin No. 2003–14 April 7, 2003
EXCISE TAX
Internal Revenue Bulletin 2003-14 · 2026-10-03 edition · updated 2026-10-04 · United States
Rev. Rul. 2003–32, page 689. Scholarship grants, employer-related private founda- tions. This ruling states that for purposes of sections 117 and 4945 of the Code, scholarships and educational grants awarded by a private foundation under an employer-related program to employees and their children, when the employee is a victim killed or seriously injured in a qualified disaster, may be awarded without regard to the percentage guidelines in Rev. Proc. 76–47, 1976–2 C.B. 670. Thus, grants awarded under such a program will be described in section 4945(g)(1) and will not be taxable expenditures under section 4945(d)(3).
Announcements of Disbarments and Suspensions begin on page 712. Finding Lists begin on page ii. Index for January through March begins on page iv.
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