GIFT/GRANT DETERMINATIONS Policy Number: 2.0.1 Version Number: 001 Classification: Proposal Development and Submission Effective Date: February 12, 2013 Responsible University Office: Vice President for Research Purpose The purpose of this policy is to specify the criteria and process used to determine the appropriate categorization and treatment of philanthropic and sponsored award funding received from external entities. Applicability This policy applies to all Clemson University faculty, staff and students. Government Rules and Regulations 2 CFR 200 Uniform Administrative Requirements, Cost Principles, and Requirements for Federal – Awards (200.62 Internal Controls; 200.403 Consistent Treatment of Like Circumstances) – – Definitions Contract Exchange of for the performance of a specific scope of work, usually written by the – contracting agency. A contract is generally associated with procurement rather than financial assistance. Cooperative Agreement Similar to a but with more substantial involvement between the grantor – and grantee. Grant An award of financial assistance to allow for the performance of certain work envisioned by the – university or principal investigator. Gift Cash or property received for the purpose of enhancing the public good without expectation of – specific benefit to the donor. Contributions that are generally irrevocable, used for broad purposes and normally do not have time limits. Sponsored Project Exchange transaction, generally in the form of a grant, cooperative agreement or – contract with a defined scope of work, line item budget, specified deliverables, subject to audit and compliance requirements; unexpended funds must be returned. Usually initiated by funding agency through a program announcement or other type of solicitation. All sponsored projects are routed for review and approval through the Office of Sponsored Programs and managed financially by Grants and Contracts Administration.
GIFT/GRANT DETERMINATIONS Policy Number: 2.0.1 Version Number: 001 Classification: Proposal Development and Submission Effective Date: February 12, 2013 Responsible University Office: Vice President for Research Purpose The purpose of this policy is to specify the criteria and process used to determine the appropriate categorization and treatment of philanthropic and sponsored award funding received from external entities. Applicability This policy applies to all Clemson University faculty, staff and students. Government Rules and Regulations 2 CFR 200 – Uniform Administrative Requirements, Cost Principles, and Requirements for Federal Awards (200.62 – Internal Controls; 200.403 – Consistent Treatment of Like Circumstances) Definitions Contract – Exchange of for the performance of a specific scope of work, usually written by the contracting agency. A contract is generally associated with procurement rather than financial assistance. Cooperative Agreement – Similar to a but with more substantial involvement between the grantor and grantee. Grant – An award of financial assistance to allow for the performance of certain work envisioned by the university or principal investigator. Gift – Cash or property received for the purpose of enhancing the public good without expectation of specific benefit to the donor. Contributions that are generally irrevocable, used for broad purposes and normally do not have time limits. Sponsored Project – Exchange transaction, generally in the form of a grant, cooperative agreement or contract with a defined scope of work, line item budget, specified deliverables, subject to audit and compliance requirements; unexpended funds must be returned. Usually initiated by funding agency through a program announcement or other type of solicitation. All sponsored projects are routed for review and approval through the Office of Sponsored Programs and managed financially by Grants and Contracts Administration.
2.0.1_GiftGrantDeterminations.docx