Gifts vs Grants Understanding the Key Differences

... 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 ... Gift vs Grants. • Types of funding. • Consideration areas for Gift vs ... individuals who provide gifts / donations do so in order to ... This document, effective July 1, 2019, will assist in identifying the distinctions between a gift and a grant/sponsored project. Typically, the line between gift and a grant is made obvious by the application guidelines, the intent of the proposal to the funder, or the case for support. However, unrestricted grants are not considered gifts because the sponsor does not express a specific intent for the funds to be treated as a gift, or because ... 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, on the other hand, is defined as a contribution with no reciprocal benefit to the donor. In general, the following characteristics describe a gift. Generally, funds received for the benefit of the Institute may be classified as "Gifts", "Grants and Sponsored Agreements" or "Contracts" as described below. With a gift the donor specifies the general program or research the money is given to support, but does not require us to adhere to a strictly defined budget or ... Download the Characteristics of a Grant, Contract, and Gift guide. Office of the Vice Chancellor for Research. MSC 1054-87-1600. Washington University