Subject: Taxes, Summer of Service, Swat Foundation

Happy New Year!

This is going to students who received Swarthmore Foundation Grants 
or Summer of Service Grants during the previous calendar year.  This 
includes the most recent Swarthmore Foundation Grant recipients if 
you received your check before Dec. 31, 2001.

The Internal Revenue Service considers these grants and stipends as 
income to you in the form of scholarship funds, and they should be 
included on your income tax return as such.

Swarthmore Foundation grantees only may reduce the amount they claim 
by the amount spent on supplies and equipment for their programs (not 
personal expenses).  For example, if your grant was $1500, and you 
used $1000 for living expenses, and $500 for program expenses, you 
should claim only $1000 as income.  BUT you must be able to document 
these expenses with receipts.

I don't know yet if we have someone on campus who is doing tax 
advising, but as soon as I find out I'll let you know.