Am cross posting this to CFRNET and RESADM-L. It's a basic post-award
question from someone who's spent most of his career in the pre-award area.
We recently received a grant from a foundation and need to do some cost
sharing. The funds from the foundation will be deposited, as usual, in a
restricted fund account. Is it appropriate to move institutional funds and
perhaps a donor designated gift into the same account or does each stream need
its own account number?
The foundation doesn't care where the cost sharing comes from. They're
concerned only that the total budget, including its portion, be dedicated to
the project, i.e. the financial report needs to show that $XXX was spent with
no requirement to show the source of the money added by us.
Thanks for any insight on this.
Andrew
-------------------------------------
Andrew J. Grant, Ph.D.
Director of Foundation and Corporate Relations
The Jewish Theological Seminary of America
3080 Broadway, New York, New York 10027
Voice: (212) 678-8934; FAX: (212) 678-8941
E-mail: xxxxxx@jtsa.edu (Andrew J. Grant)
Date: 5/29/97
Time: 12:50:33 PM