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Policy identification number: To come...

File: Other Operational Policies / Sponsored Research & Federal Relations

Gift or Grant Determination

Policy Summary

This policy shall clarify the difference between funds raised as gifts, donations, or pledges or those raised as grants or contracts to: 1) ensure proper financial recording and reporting of gifts vs grants and 2) determine whether funds received from off-campus sources should be administered by the Office of Institutional Advancement or by the Office of Sponsored Research and Federal Relations. The classification of external funding as either a gift or grant serves as an important step in ensuring that the appropriate accounting and compliance action is used.

Policy Owner

Provost and Vice President for Academic Affairs 

Approval Date

November 2, 2016

Effective Date

November 2, 2016

Search Terms

pvpaa, vpia, g, gift, grant

Scheduled for Review

Fall 2020