| Gifts | Grant |
|---|---|
| Funding does not originate from a governmental agency, state, municipality, nor an educational institution | Funding often originates from governmental agencies but also with non-governmental entities |
| For a general or specific purpose, e.g., endowment, capital projects, a line of research, faculty support or student financial aid and/or it may be for any activity at the university, e.g., department library, arts, scholarships, facilities, research/instruction activities, ect. | For a specific statement of work, e.g., specified protocol, experiments, testing of hypotheses, particular line of inquiry or for a specified research project, specific instruction or other sponsored activities |
| Few, if any, deliverables (other than reports as noted below, and used of funds as requested and awarded) | Deliverable defined by agreement, e.g., reports, research results, IP rights, equipment, etc., and funds may be withheld pending delivery |
| No restrictions on publication rights. Publication attribution may be encouraged or agreement may be encouraged or agreement may be silent on attribution | Agreement requires attribution to the sponsor and often may ask for or require minor publication delays |
| Proposal may be informal, e.g., a letter proposal from an individual, a department, office or school, or the grant making Organization may require a formal proposal with specific guidelines and required information | Sponsor requires formal and detailed proposal and/or contractual agreement. Must be submitted through ha Research and Sponsored Programs Office as allowed |
| No requirement for return of unexpended funds | May require detailed financial and other reports, e.g., scientific reports, invention reports, financial reports on sponsor-specified format, may include the right of sponsor to audit |
| No required pre-approval for expenditures unless a change of circumstances arises that may cause the University and/or the Foundation to revisit the purpose of the gift with the donor | Budgets and projects period may lead to unexpended funds that must be returned if there is no approval to carry forward or extend project |
| Some gifts may be combined into one fund (if for the same purpose) | Certain expenditures may require prior written approval by sponsor |
| Qualifies for tax treatment as charitable contribution by donor | Must be separately budgeted and accounted for |
| No obligation or agreement to share data with donor; donor willing to relinquish intellectual property and data rights to University. Donor may request progress reports as noted above | May qualify for basic research tax credit for sponsor |
| Gifts | Grant |
|---|---|
| Funding does not originate from a governmental agency, state, municipality, nor an educational institution | Funding often originates from governmental agencies but also with non-governmental entities |
| For a general or specific purpose, e.g., endowment, capital projects, a line of research, faculty support or student financial aid and/or it may be for any activity at the university, e.g., department library, arts, scholarships, facilities, research/instruction activities, ect. | For a specific statement of work, e.g., specified protocol, experiments, testing of hypotheses, particular line of inquiry or for a specified research project, specific instruction or other sponsored activities |
| Few, if any, deliverables (other than reports as noted below, and used of funds as requested and awarded) | Deliverable defined by agreement, e.g., reports, research results, IP rights, equipment, etc., and funds may be withheld pending delivery |
| No restrictions on publication rights. Publication attribution may be encouraged or agreement may be encouraged or agreement may be silent on attribution | Agreement requires attribution to the sponsor and often may ask for or require minor publication delays |
| Proposal may be informal, e.g., a letter proposal from an individual, a department, office or school, or the grant making Organization may require a formal proposal with specific guidelines and required information | Sponsor requires formal and detailed proposal and/or contractual agreement. Must be submitted through ha Research and Sponsored Programs Office as allowed |
| No requirement for return of unexpended funds | May require detailed financial and other reports, e.g., scientific reports, invention reports, financial reports on sponsor-specified format, may include the right of sponsor to audit |
| No required pre-approval for expenditures unless a change of circumstances arises that may cause the University and/or the Foundation to revisit the purpose of the gift with the donor | Budgets and projects period may lead to unexpended funds that must be returned if there is no approval to carry forward or extend project |
| Some gifts may be combined into one fund (if for the same purpose) | Certain expenditures may require prior written approval by sponsor |
| Qualifies for tax treatment as charitable contribution by donor | Must be separately budgeted and accounted for |
| No obligation or agreement to share data with donor; donor willing to relinquish intellectual property and data rights to University. Donor may request progress reports as noted above | May qualify for basic research tax credit for sponsor |