I'm pleased to see that we are all back on the grant/gift/contract
discussion AGAIN.  I have no ovjection to our Foundation counting
anything they'd like (that meets the CASE reporting requirement) but I
object very strenuously to the Foundation administering any of these
grants and contracts.  The problem is that there is no donative intent
hence the "gift" to the foundation is not a gift.  If the company or
other entity tries to claim it as a gift for tax or tax reporting
purposes, both the entity and the university may get a visit from IRS.
After some of our experiences with the IRS regarding UBIT do any of us
want to see an IRS auditor again?

I used to think we had the problem solved here at Wright State.  We
actually have a written policy that defines who gets what.  However, with
a new administration, we can now say that things are less clear.  Heaven
only knows what the future holds.

Phil -

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Philip V. Spina, CRA
Director, Research and Sponsored Programs
Wright State University
122 Allyn Hall
Dayton, Ohio 45435
(v) 513-873-2425
(f) 513-873-3781
xxxxxx@desire.wright.edu

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