An adjunct professor here has expressed an interest in giving funds to
the university to support her own research.  In particular, she wants to
give funds that could be used to hire students to work under her
supervision and to buy lab equipment and supplies.  The professor is
well regarded on campus, already has some lab space on campus, has done
work for us on grants from industry.  The work is independent of any
existing grant or project on campus and does not involve other faculty
members.  The work (in an area of biotech) would probably lead to
publications but may also be of financial benefit to the professor's
consulting work.  The professor is being open about wanting to structure
this correctly.

Not being familiar with this kind of situation, we are considering the
complications about conflict of interest, grant or contract conditions,
tax deductions, etc.  I'd be interested in hearing advice or experiences
on what issues and procedures are most important in such a case.
Thanks.

Stuart Ross
California State University, Fullerton