We would rely upon the terms of the agreement.

Pamela S. Caudill
Director, Pre-Award Non-Financial Administration
University of Pennsylvania
Office of Research Services
3451 Walnut Street.
P-221 Franklin Building
Philadelphia, PA  19104
Phone: (215) 573-6706
FAX:  (215) 898-9708
www.upenn.edu/researchservices

-----Original Message-----
From: Research Administration List [mailto:xxxxxx@HRINET.ORG] On Behalf Of
Jeanette Pastelak
Sent: Friday, January 27, 2006 4:23 PM
To: xxxxxx@HRINET.ORG
Subject: [RESADM-L] Interest on Foundation awards

How do you other institutions handle surplus funds on
interest bearing awards when the surplus is due to
interest.   Example:   award for $100,000 plus $5,000
interest to be used to support the project.   Total costs
are $103,000.

Do you return the remaining $2,000 to the agency or do you
keep for the institution?

Thanks for your help.

Jeanette Pastelak
Director, Grant & Contract Accounting
Temple University
1805 N Broad Street  (038-17)
Philadelphia, PA  19122
Phone:  (215) 204-1315
Fax:   (215) 204-5363
Email:xxxxxx@temple.edu
http://www.temple.edu/controller/grant_accounting/

======================================================================
 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")
======================================================================