To ensure compliance with financial reporting and audit requirements under individual sponsored project agreements which stipulate matching gift requirements.
May 2020Responsible Office
Gifts intended to be used as part of a sponsored project matching gift requirement must be processed through the Office the Treasurer.
The Office of the Treasurer will create a temporarily restricted gift fund to record and deposit the matching gift.
The Office of the Comptroller, in consultation with Research Services, will create a separate sponsored project fund for project related expenditures funded by the gift and will establish the accounting mechanism or procedure to affect the transfer of funding from the temporarily restricted current gift fund to the project fund.
Office of Research Services
The source of this document is Research Services.