Financial Policies

To ensure that agreements for research and other sponsored projects are reviewed for potential tax consequences.

The U.S. government has adopted a policy prohibiting human trafficking, sex trafficking, forced labor, and trafficking-related activities.  As a recipient of federal funds from grants, cooperative agreements, and contracts (collectively, “awards”), the University of Pennsylvania is obligated to inform its employees, agents, independent contractors and subrecipients performing awards, regarding the U.S. government’s policy.  The University of Pennsylvania opposes human trafficking, sex trafficking, and forced labor, which are inherently harmful and contrary to the University’s core values, and which may violate applicable foreign, U.S., state, and/or local laws.

To establish responsibility for the retirement of equipment on sponsored projects in compliance with sponsor terms and conditions.

To comply with the federal Office of Management and Budget’s Uniform Administrative Requirements (UG), C.F.R. 200 and other sponsor requirements to ensure that unallowable costs related to salary are not charged to federal awards. The UG Part 405 states that costs charged to federal awards must directly benefit the award to which they are charged. UG Part 460 further specifically states that the costs of proposal preparation should be treated as Facilities and Administrative (indirect) costs.

To ensure compliance with federal funding agency expectations for Malign Foreign Talent Recruitment Programs.

To ensure that Stop Work Orders and Suspension of external awards that support research and other activities are managed timely and in accordance with University and sponsor policies.