Meaning

noun an association of people who share common beliefs or activities

noun the state of being with someone

noun money granted (by a university or foundation or other agency) for advanced study or research

originFrom Middle English felowschipe, felawshipe, felaȝschyp, equivalent to fellow + -ship; or perhaps adapted from Old Norse félagskapr, félagsskapr (“fellowship”). Compare Icelandic félagsskapur (“companionship, company, community”), Danish fællesskab (“fellowship”), Norwegian fellesskap (“fellowship”), and Old Swedish fælaghskap (“fellowship”)

Etymology from Wiktionary, CC BY-SA 3.0