Bob: I concur with all you say except on one small point. Annual giving may in fact provide a financial statement or even a financial impact statement on the results of giving either from the institutional perspective or by project. I just don't believe they do that to each specific gift. Rather to the donors as a whole. You are absolutely right on industry, foundations and the like. They want the gift and the data with minimal costs but maximum tax benefits. My major beef with the Pre-award folks is when they accept an award from a sponsor with no F&A, and then have us poor accounting types compile reams of financial reports with supporting documentation for every penny expended. I still go back to the reporting. If there's a specific fiscal and/or technical report of the results of the project and that donor's funds, it's a grant - F&A or no F&A. Greg BOB wrote: > You never had a Gift to build a specific building or endow a specific > faculty chair? Or are we confusing "how the funds will be spent." Do some > infer this to mean the ultimate purpose of the gift, and others are > thinking line item budget? > > Here at Michigan, I suspect, very few gifts are given in an unrestricted > mode. Most often the gifts are for specific purposes -- scholarships, > athletics, this school or department or that, this chair or that, some > building fund or the other, the President's salary bonus fund, or for some > specific faculty members general research. > > Also be careful of saying gifts require no reporting. I suspect our > colleagues in the development office would say that good stewardship > requires a certain amount of reporting on how and when the funds are used. > > Of course most "gifts" come from individuals and very few of them are > giving grants for sponsored projects, nor do we get gifts from government > agencies (although one program office, many years ago said that he though > federal research grants were just gifts for us to do with as we wished, > long before A-21 and CAS). > > Thus the set of givers that present us problems are industry (they all want > to give gifts that have no indirect cost, of course) and foundation/public > charities. Within this domain of institutions it should be easy to > differentiate between gifts and grants. > > Bob > xxxxxx@umich.edu > ----- > --On Monday, October 22, 2001 2:00 PM -0400 Elaine Young <xxxxxx@UMBC.EDU> > wrote: > > > Not at my place! > > > ----- > > > > > > Careful - sometimes it does! > > > > Mary > ----- > > At 01:40 PM 10/22/2001 -0400, you wrote: > >> Also - a gift does not specify how the funds will be spent. > >> > --- > >> A grant requires reports, either financial and or technical; whereas, > >> gifts do not require any reporting. That has been the "rule of thumb" > >> here. > >> > >> Audrey > >> > >> > >> > >> Senior Contract Administrator, II > >> Office of Research Services > >> 3451 Walnut Street > >> Room P221 Franklin > >> Philadelphia, PA 19104-6289 > >> p) 215 573-6709 > >> f) 215 898-9708, 9707 > >> > >> -----Original Message----- > >> From: Research Administration List [mailto:xxxxxx@HRINET.ORG] On > >> Behalf Of Atkinson, Timothy N > >> Sent: Thursday, October 18, 2001 12:28 PM > >> To: xxxxxx@HRINET.ORG > >> Subject: [RESADM-L] Gift vs. Grant > >> > >> Can someone tell me where to find good information about determining the > >> difference between Gifts and Grants. I've seen some of your websites > >> concerning the matter. Are there any government regs or other regs that > >> help > >> with this determination? > >> > >> Thanks, > >> > >> Tim > >> > >> Timothy N. Atkinson > >> Office of Research and Sponsored Programs > >> University of Arkansas for Medical Sciences > >> Little Rock, AR 72205 > >> Phone: 501-686-8845 > >> Cell: 501-837-5348 > >> Fax: 501-686-8359 > >> > >> > >> ====================================================================== > >> Instructions on how to use the RESADM-L Mailing List, including > >> subscription information and a web-searchable archive, are available > >> via our web site at http://www.hrinet.org (click on "Listserv Lists") > >> ====================================================================== > >> > >> > >> ====================================================================== > >> Instructions on how to use the RESADM-L Mailing List, including > >> subscription information and a web-searchable archive, are available > >> via our web site at http://www.hrinet.org (click on "Listserv Lists") > >> ====================================================================== > >> > >> > >> ====================================================================== > >> Instructions on how to use the RESADM-L Mailing List, including > >> subscription information and a web-searchable archive, are available > >> via our web site at http://www.hrinet.org (click on "Listserv Lists") > >> ====================================================================== > > > > Mary H. Watson > > Director, Grants and Contracts > > Room 215, Regional Center for Continuing Education > > Valdosta State University > > Valdosta, GA 31698 > > > > 229-333-7837 (phone) > > 229-245-3853 (Fax) > > > > > > ====================================================================== > > Instructions on how to use the RESADM-L Mailing List, including > > subscription information and a web-searchable archive, are available > > via our web site at http://www.hrinet.org (click on "Listserv Lists") > > ====================================================================== > > > > > > ====================================================================== > > Instructions on how to use the RESADM-L Mailing List, including > > subscription information and a web-searchable archive, are available > > via our web site at http://www.hrinet.org (click on "Listserv Lists") > > ====================================================================== > > Bob > xxxxxx@umich.edu > > ====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") > ====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================
