Gifts vs Grants A Comprehensive Guide to Funding Success

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 ... Only Development & Alumni Relations may accept gifts on behalf of the University. B. “Grant or Contract” means an award from a sponsor to the ... Funds that benefit general purposes or capital projects and other ongoing activities, as well as funds supporting student and faculty excellence through ... Generally, funds received for the benefit of the Institute may be classified as "Gifts", "Grants and Sponsored Agreements" or "Contracts" as described below. Distinguishing a gift from a grant is not always easy. Use the information below to help you make your determination. Gift vs. Grant For foundations and non-profit sponsors, it is often difficult to determine at the proposal stage if the resulting award will be a gift or a ... A gift is the voluntary solicited or unsolicited, non-reciprocal transfer of money or property from a donor to an institution. Proper classification of gifts and grants in the accounting records is crucial to ensure the University's external financial statements are presented accurately ... Grant vs. Gift. Lamar University must manage all funds received in ... of any gift, grant or contract. The University's approval, negotiation and ... Grants and gifts differ in many important ways, and classifying funds appropriately is of utmost importance to ensure proper accounting and compliance with ...