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Re: Prizes/Honoraria Herbert B. Chermside (18 Dec 2000 08:20 EST)

Re: Prizes/Honoraria Herbert B. Chermside 18 Dec 2000 08:20 EST

Our approach is to consider the apparent intent.  Typically your first two
examples would qualify as gifts, if there are no other commitments the
University has to make in order to meet its fiduciary responsibilities;
e.g., at most a written concurrence that funds will be applied as
specified, but no detailed fiscal reporting.  The last example is language
that often presages restrictions that change it from a directed gift to a
sponsored program, so the total language needs to be considered.

When faculty ask for guidance in the language they can advise a donor of a
gift, we suggest:
"A gift to support ...[direction ]... as the University's discretion."   We
get support like this that can be very important to an individual, lab, or
department.  Something with a broader target than these should probably be
referred to Advancement (or whatever your institution calls its gift
activity)  because of the need to coordinate with school- or
institution-wide targets.

Chuck

At 03:33 PM 12/15/00 -0500, you wrote:
>Hi-
>
>How do you view/handle a cash prize or honor when the source uses language
>such as:
>
>"$XXXX to continue the outstanding work of...."
>or
>"$XXXX to promote research on...."
>or
>"honorarium to be used specifically for..." ???
>
>Do you assume no expectations concerning use of funds in the absence of a
>statement that awardee may use funds "at his/her discretion"?
>
>Thanks.
>
>Charlie Hathaway
>
>
>
>
>**************************************
>Charles B. Hathaway, Ph.D., Director
>Office of Grant Support
>Albert Einstein College of Medicine
>1300 Morris Park Avenue
>Bronx, NY 10461-1975
>Phone: 718 430-3642     Fax: 718 430-8822
>email: xxxxxx@aecom.yu.edu
>http://www.aecom.yu.edu/ogs
>
>
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Herbert B. Chermside, CRA
Director, Sponsored Programs Administration
Virginia Commonwealth University
PO BOX 980568
Richmond, VA  23298-0568
Express Delivery Only:
 Sanger Hall, Rm. 1-073
 11th & Marshall Streets
 Richmond, VA  23219
Voice:  804-828-6772
Fax     804-828-2521
OFFICE e-mail   xxxxxx@VCU.EDU
Personal e-mail xxxxxx@vcu.edu
http://views.vcu.edu/ospa/

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