Gift, Restricted Gift, or Sponsored Project Indicators
| Gift / Unrestricted Gift | Sponsored Project | |
|---|---|---|
| Purpose |
For a general or specific purpose, e.g., endowment, capital projects, or student financial aid. May support the research of one or more specified faculty members or research programs |
For specific statements of work e.g., specified protocol, experiments, and testing of hypotheses. |
| Required Deliverables |
No deliverables. |
Deliverables defined by formal, written agreement, including, reports, research results, IP rights, equipment, or other specified services or considerations. Funds may be withheld pending delivery. |
| Tax Implications |
Qualifies for treatment as charitable contribution by donor. |
May qualify for basic research tax credit for sponsor |
| Form of Proposal |
Proposal may be informal or a formal proposal. |
Proposal submission required through the authorized office (either Sponsored Programs or IAO) |
| Stewardship |
May require general stewardship. May communicate progress reports, reports of funds and balance, invitation to open reviews of research to donor. |
May require detailed financial and other reports |
| Financial/Budget |
No requirement or expectation of return of unexpended funds |
Certain expenditures may require prior written approval by sponsor |
|
No required pre-approvals for expenditures |
Certain expenditures may require prior written approval by sponsor and must be separately budgeted and accounted for. |
|
| Beneficiary |
No benefit directly accrues to donor. General public is primary beneficiary |
May be direct benefit to sponsor including IP licensing rights and confidentiality agreements may be signed. |