2213 Grant vs Gift

Document purpose

To ensure proper financial recording and reporting of grants vs. gifts

effective

July, 2003

revised

November, 2018

Reviewed

May, 2021

Responsible Office

Treasurer

Approval

Treasurer

Policy

All grant carry an explicit quid pro quo relationship between the source of the funds and the institution and must be forwarded to the Office of Research Services (ORS) for accurate reporting.

Grants carry with them obligations that must be fulfilled by the University (i.e. special reporting and timetable) while Gifts are direct, unconditional donations.

If there is a question whether funds received is a grant of a gift, contact one of the following offices for clarification:

Office of Research Services

Elisabeth Peloso, Associate Vice President, epelosol@upenn.edu

Gift and Investment Services

Margaret Heer, Associate Treasurer, heer@upenn.edu

Please refer to policy: 2101 ADMINISTRATION OF SPONSORED PROJECTS, for detailed information on sponsored research administration.