What is the difference between a grant and gift, and who is responsible for their management?
If you answer “Yes” to one or more of the following questions, then the funding likely is a sponsored program and should be processed through the Office of Research & Sponsored Programs (ORSP).
If you answer “No” to all of the following questions, then the funding likely is a gift and should be processed through University Advancement.
1. Does the funding agency expect you to provide a deliverable(s)?
Deliverables entail providing:
- Product
- Service
- Technical or scientific report(s)
- Intellectual property rights
- Fiscal reports (including invoices) and audits
2. Does the funding agency expect you to enter into a written agreement that is legally enforceable?
A written agreement may have:
- Administrative terms and conditions for use of the funds
- Provisions for intellectual property
- Provisions for reporting
- Provisions for publication rights
- Any other legal provision
3. Does failing to provide a deliverable result in the sponsor taking actions against the University?
Failure to deliver could result in unfavorable consequences to UNC Asheville.