Actually, this happens a lot. Most universities have gifts that are restricted in some form. They are to be use by, say, the Art History department to assist in bringing in an exhibit, or for the renovation of Founder's Hall, or to the athletic department for scholarships (or the coach's bonus). These monies can only be used for that purpose. What distinguishes these gifts from a grant is how the money is given. If the money is given with no expectation of a financial report back to the specific donor, and there is no "technical" report anticipated in return for the funds, I'd call it a gift - probably a restricted gift. If either a technical report or financial report is required, or if an invoice is required in order to receive the funds, I'd call it a grant. Example: Both Tony DeLuca and J. Fred Muggs give $25,000 to Wassamatta U's Bio department for the same Bio project. Mr. DeLuca could care less about the science, he needs a tax write and he needs it now. J. Fred on the other hand wants an accounting of how his donation is expended. He wants to be sure the PI doesn't go to Tahiti on his money. Mr. DeLuca has given a gift. Mr. Muggs a grant. Extra Credit question: Can these be used for Cost Sharing? And Tim, we're really wanting to keep the Fed out of our private gift and grant money! Greg Schmidt Audrey Buck wrote: > Mary is right. There are times (not very often) that the University > will be told that the funds may be used for x, y, and z only. > > 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 Mary Watson > Sent: Monday, October 22, 2001 1:56 PM > To: xxxxxx@HRINET.ORG > Subject: Re: [RESADM-L] Gift vs. Grant > > 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. > > > >-----Original Message----- > >From: Research Administration List [mailto:xxxxxx@HRINET.ORG]On > Behalf > >Of Audrey Buck > >Sent: Thursday, October 18, 2001 12:50 PM > >To: xxxxxx@HRINET.ORG > >Subject: Re: [RESADM-L] Gift vs. Grant > > > > > >Tim: > > > >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") > ====================================================================== ====================================================================== 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") ======================================================================
