Re: Grants vs gifts Jon Elizabeth Hart 03 Feb 2003 13:53 EST

Since there is a budget and there are reports and deliverables, we would
consider this restricted funds and a grant, and would have our Sponsored
Programs office (us) handle it.
Jon Hart

At 08:17 AM 1/31/03 -0700, you wrote:
>How would your university handle a grant awarded with the conditions
>described below from a private foundation? Would the grant be administered
>by the foundation or by the university sponsored projects/grants office?
>
>The award in question is from private foundation whose literature states
>that "Grants are awarded to nonprofit public charitable organizations that
>are tax exempt under Section 501(c)(3) of the Internal Revenue Code". The
>purpose of the grant is to "recruit and train (ethnic minority) school
>administrators". The grant was "paid up front" rather than cost
>reimbursement, and allows 15% indirect costs which the foundation would
>intend to claim if grant expenditures are made directly from the foundation
>rather than from the university. The deliverable is a final product
>report/video to help distribute knowledge/lessons learned to others in the
>field. Other specific terms and conditions are that the award is revocable,
>a period of performance is specified, a detailed financial report is
>required showing how the funds were expended, and unexpended funds must be
>returned.
>
>Thanks for your responses, and please feel free to respond to me directly
>at xxxxxx@nau.edu
>
>Wilma G. (Winnie) Ennenga
>Director, Office of Grant and Contract Services
>Northern Arizona University
>BAC 100C, Building 51, Knoles Drive
>Flagstaff, AZ 86011-4130
>
>Telephone: 928/523-8319   Fax: 928/523-1075
>
>
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Jon Hart, Senior Director, Sponsored Programs Administration
The Rockefeller University
1230 York Ave.-Box 82, NY, NY 10021-6399
tel:  (212) 327-8054; fax:  (212) 327-8400
e-mail:  xxxxxx@rockefeller.edu

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