Maximizing Your Funding Potential Gifts vs Grants - A Comparative Analysis

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 ... Funds that benefit general purposes or capital projects and other ongoing activities, as well as funds supporting student and faculty excellence through ... A gift is a voluntary transfer of property or money without expectation of receiving anything of significant value in return. 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. The language used in the funding notification serves as a key factor in distinguishing between a sponsored project and a gift. However, there are cases where ... 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 ... 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 ... Gifts: Voluntary contributions made to the University that are motivated by a Funder's charitable intent, for which the Funder receives no ... Proper classification of External Funding to the University, as either Gift or Grant, is essential to ensure that such funding receives proper compliance review ... For instance, grant funding typically has detailed financial reporting requirements, return of unused funds language, and other conditions. Gifts are less ...