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Awards Management Process
Gif
ts versus Grants
There are sometimes subtle differences between a charitable gift and a grant. A gift is a voluntary and irrevocable transfer of money, services or property from a donor without any expectation of a direct economic benefit from the recipient. If funds for your support come in this form, please contact the Office of University Advancement at 593-2636. As a general rule of thumb, if any funds that remain at th
e end of your project must be returned to the sponsor, than the source of funds is a grant. If there is a schedule of deliverables attached to the agreement for external funding, then the source is a grant. In some cases, foundations use the term grant, although they mean gift because it is charitable. For further clarification, please consult either the Office of Corporate and Foundation Relations or and ORSP manager for assistance in determining where the external support should be managed.
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TIP: If a company desires to make a charitable gift to you in support of your research or programs, then you must contact the Office of University Advancement at 740-593-2636. |
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