Gift or Sponsored Research

2.2 Gift or Sponsored Research

A gift is any item of value given to the University by a donor who expects nothing of significant value in return other than recognition and disposition of the gift in accordance with the donor’s wishes. Although a donor may place some restrictions on the use or disposition of a gift and may require a report that demonstrates that the donor’s wishes have been met, these terms do not make the gift a sponsored award. Such “restricted gifts” essentially create a fiduciary responsibility in which the University, by accepting the gift, is obligated to carry out the wishes of the donor.
For Additional Information see:
Ethics for Gift Policy