Maximizing Philanthropic Impact Gifts vs Grants for High-Net-Worth Donors

Proper classification of gifts and grants in the accounting records is crucial to ensure the University's external financial statements are presented accurately ... When trying to determine which entity is most appropriate to solicit and deposit funds, it is important to distinguish whether funds are gifts, ... It is important to accurately classify the funding as either a gift or a grant/sponsored projects to ensure that funds are correctly accounted for and properly ... Gift or a Grant? ▫ Grants are reciprocal in nature. Each party is giving ... Process for Gifts and Grants. ▫Texas A&M Foundation processes gifts to ... This page clarifies the differences to assist in determining whether your project is a gift or a sponsored project. A gift is a philanthropic contribution. A sponsored program, or grant (research or educational activity) is an exchange of value. No tangible benefit to donor. ... Gift: If you answer “Yes” to Question 2, or “No” to all questions 3 – 8, the funding should be considered a gift. 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 ... Gifts. The following is presented as a guideline to determine if funds received from external sources should be treated as a grant/contract or a gift. • A ... Gifts to USU of a restricted or unrestricted nature that do not include any conditions that would classify it as a grant are not viewed as sponsored programs ...