1. [n]  an association of people who share common beliefs or activities; "the message was addressed not just to employees but to every member of the company family"; "the church welcomed new members into its fellowship"
2. [n]  money granted (by a university or foundation or other agency) for advanced study or research
3. [n]  the state of being with someone; "he missed their company"; "he enjoyed the society of his friends"

1. \Fel"low*ship\, n. [Fellow + -ship.]
   1. The state or relation of being or associate.
   2. Companionship of persons on equal and friendly terms;
      frequent and familiar intercourse.
            In a great town, friends are scattered, so that
            there is not that fellowship which is in less
            neighborhods.                         --Bacon.
            Men are made for society and mutual fellowship.
                                                  --Calamy.
   3. A state of being together; companionship; partnership;
      association; hence, confederation; joint interest.
            The great contention of the sea and skies Parted our
            fellowship.                           --Shak.
            Fellowship in pain divides not smart. --Milton.
            Fellowship in woe doth woe assuage.   --Shak.
            The goodliest fellowship of famous knights, Whereof
            this world holds record.              --Tennyson.
   4. Those associated with one, as in a family, or a society; a
      company.
            The sorrow of Noah with his fellowship. --Chaucer.
            With that a joyous fellowship issued Of minstrels.
                                                  --Spenser.
   5. (Eng. & Amer. Universities) A foundation for the
      maintenance, on certain conditions, of a scholar called a
      fellow, who usually resides at the university.
   6. (Arith.) The rule for dividing profit and loss among
      partners; -- called also partnership, company, and
      distributive proportion.
   {Good fellowship}, companionableness; the spirit and
      disposition befitting comrades.
            There's neither honesty, manhood, nor good
            fellowship in thee.                   --Shak.
   

2. \Fel"low*ship\, v. t. [imp. & p. p. {Fellowshiped};
   p. pr. & vb. n.. {Fellowshiping}.] (Eccl.)
   To acknowledge as of good standing, or in communion according
   to standards of faith and practice; to admit to Christian
   fellowship.
   

(1.) With God, consisting in the knowledge of his will (Job 22:21; John 17:3); agreement with his designs (Amos 3:2); mutual affection (Rom. 8: 38, 39); enjoyment of his presence (Ps. 4:6); conformity to his image (1 John 2:6; 1:6); and participation of his felicity (1 John 1:3, 4; Eph. 3:14-21).

(2.) Of saints with one another, in duties (Rom. 12:5; 1 Cor. 12:1; 1 Thess. 5:17, 18); in ordinances (Heb. 10:25; Acts 2:46); in grace, love, joy, etc. (Mal. 3:16; 2 Cor. 8:4); mutual interest, spiritual and temporal (Rom. 12:4, 13; Heb. 13:16); in sufferings (Rom. 15:1, 2; Gal. 6:1, 2; Rom. 12:15; and in glory (Rev. 7:9).