Demystifying Gifts and Grants A Pathway to Funding Success

Gift vs. Grant vs. Contract · Gift. Funds or goods given voluntarily with no reciprocal obligations. See below for more details. · Grant/Cooperative Agreement. Government funding is never treated as a gift and always includes grant or contract terms and conditions. Private funding generally falls into one of two ... A gift may meet the interests of the donor and can be restricted or unrestricted. A restricted gift is a contribution designated for a specific purpose, program ... Proper classification of gifts and grants in the accounting records is crucial to ensure the University's external financial statements are presented accurately ... A gift is a voluntary donation of money or assets given without expecting anything in return. Gifts are often provided to support a particular ... For additional information, see ORSP's Grant vs. Gift Guidance. Schedule a meeting with ORSP to review all funding documentation available, or provide ORSP with ... This guide provides a condensed overview of the many conditions that inform how awards are categorized. Typically these projects require some kind of financial, technical, or progress reporting and are usually provided in the form of an agreement or award letter. GIFTS vs. GRANTS. Does your project... Require regulatory approvals and monitoring? YES. NO. Have detailed expectations for deliverables beyond regular ... Gifts and grants are handled by two separate Harvard units and each carry their own distinct sets of policies and procedures. The full policy on distinguishing ...