Funding for higher education for the main tasks of teaching, research, education and the public service includes financial support from outside agencies. Such external financial assistance must be clearly identified as a gift or funding for sponsored project activities, in order to ensure adequate management of funds and compliance with all conditions. The proper management of funds depends on the recognition of distinctions, grants and contracts. Federal authorities provide financial assistance in the form of grants or cooperation agreements when the primary objective of the award is to fulfill a specific public objective (the federal aid program) of support or stimulation approved by federal law. Grants are also provided by governments, local governments, foundations, associations, businesses and other private organizations. In general, a contract (or purchase agreement, as it is known in federal jurisprudence), is an agreement between two or more parties that creates a legal obligation to do or not to do something. For a contract to be binding, the conditions must be clear, something of value must be given to the party making the promise, the parties must give their consent and everyone must be responsible for the conclusion of the agreement. In the context of sustained projects, a contract defines the specific rights and obligations of the contracting parties with respect to issues such as research results and results, publication rights, inventions, public dissemination of results and liability. Sponsored contracts are mainly awarded in the form of grants or contracts. The documents relating to sponsored project activities consist of one or more of the following: for projects funded by federal or regional authorities, contracts have their own meaning, which must be distinguished from the grants.
While grants and cooperation agreements are legal mechanisms used to transfer grants in support of a program, contracts for the purchase of goods and services are used in the direct interest of the government authority. For example, if the university obtains a federal contract, it is required to provide goods or services in the direct interest of the government. A grant is an allocation of funds by a sponsor to achieve a general or specific goal. A grant generally offers a greater margin of appreciation than a contract for the completion of the project`s sponsored activity and offers less specificity in the expected outcome of the activity. If the university is duly adopted in writing, a grant contract is considered legally enforceable. A gift is a voluntary contribution to the university, for which the contributor does not receive good deals and asks for nothing in return beyond the assurance that the intent of the contribution will be taken into account. Some companies and foundations refer to unlimited gifts as “subsidies”; However, the university considers a contribution as a gift for which the minimum restrictions imposed on donors determine how funds should be spent or managed. The graph below describes some of the differences between gifts and sponsored activities.
If it is not entirely clear if the money received is a gift or if it supports a sponsored project (for example. B a scholarship), the campus office will verify the documentation in accordance with 11.1 University Gifts. General understanding that funds are used and used in accordance with grant conditions; Expenditure progress reports may be required at regular intervals. For more information or support, please contact your Campus Gift Processing and Stewardship Services Office (Cadeaux) or Campus OBFS Grants and Contracts Office. You can also define the projects grants – sponsored “Who To Ask” page like the University and use these funds based on a written agreement with the sponsor, relevant laws, general rules of the university, and various policies, such as that of the National Association of College and University Officers (NACUBO).