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
> >
> >
> >======================================================================
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> >  subscription information and a web-searchable archive, are available
> >  via our web site at http://www.hrinet.org (click on "Listserv Lists")
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>
> 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)
>
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