Gift vs Grant The Ultimate Guide to Funding Success

The University must determine external funding as a sponsored project or a gift in order to properly spend, track, report, and account for external funding. Gifts may be given for specific purposes, including research projects, but funding is given with the intent that the campus has broad flexibility to utilize it ... 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 ... Typically, a Gift for Research is any item of value given by a donor who expects nothing of significant value in return, other than recognition and disposition ... ... gift, pledge, or grant from a non-government source. Some campuses may use a modified electronic contract and grant award form for reporting private grants ... A Matching Gift, also known as a Matching Fund, is a gift made to your organization by a matching donor (e.g., a foundation) under the provision that another ... Responsible Executive: Vice President for Research Responsible Office: Office of Sponsored Projects Effective Date: Last Revised: Contact: Download the Characteristics of a Grant, Contract, and Gift guide. Office of the Vice Chancellor for Research. MSC 1054-87-1600. Washington University In cases where there is a question as to whether an activity for which external funding is sought constitutes a sponsored activity or a gift, the Office of ... Grants and gifts differ in many important ways, and classifying funds appropriately is of utmost importance to ensure proper accounting and compliance with ...