It would be considered a restricted grant at Baylor College of Medicine
because of the reporting and refund restrictions placed on the award.
Pete
-----Original Message-----
From: Wilma Ennenga [mailto:xxxxxx@NAU.EDU]
Sent: Friday, January 31, 2003 9:18 AM
To: xxxxxx@HRINET.ORG
Subject: [RESADM-L] Grants vs gifts
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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