Correct classification of external funding can be very complex. Rather than focusing on any individual characteristic, each award must be looked at in its totality. The table below summarizes a few of the criteria that are reviewed when making this determination. (chart obtained through Utah State University).
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|
Gifts |
Grant |
Contract |
License Agreement |
|
Managing Office |
Development |
Sponsored Programs
|
Sponsored Programs |
Sponsored Programs |
|
Primary Intent |
Charitable intent, no expectation of economic benefit or quid pro quo |
Public Good |
Economic Benefit or specific benefit to Sponsor |
Economic Benefit or specific benefit to Sponsor |
|
Source of funding |
Individual, Private, Non-governmental |
All except individual |
All except individual |
All |
|
Purpose |
General. Doesn't direct specific scientific inquiry. May be restricted to a particular purpose such as professorship or scholarship. |
Semi -Directed with broad, programmatic objective. Result of submitting proposal driven by outcome. |
Specific purpose, service or objective. Result of submitting proposal driven by outcome. |
Specific purpose, service or objective relating to USU Intellectual Property (IP). |
|
Terms |
General or non-restrictive |
Semi Restrictive |
Restrictive |
Restrictive |
|
|
Irrevocable |
Revocable |
Revocable |
Revocable |
|
|
|
Intellectual Property (IP) issues |
IP/ Ownership issues |
IP/ Ownership terms |
|
|
|
Typically must return unexpended funds |
Data or Publication restrictions (even review and/or approval language) |
Data or Publication restrictions (even review and/or approval language) |
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|
|
Payments contingent on progress |
Payments may be contingent on progress |
Payments may be contingent on progress |
|
|
|
Specific period of performance |
Specific period of performance |
Specific period of performance or license term |
|
|
|
Specific financial accountability |
Specific financial accountability |
Specific financial accountability |
|
|
|
Sponsor approval may be required for deviations |
Sponsor approval required for deviations |
Sponsor approval required for deviations |
|
Reporting/ Deliverables |
Minimal reporting, Stewardship vs. contractual obligation |
Required |
Required |
Required |
|
|
|
Regular financial and progress reports required |
Regular financial and progress reports required. |
Regular financial and progress reports required. |
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|
|
Final financial and Final Technical Reports standard |
Final financial and Final Technical Reports. |
Final financial and Final Technical Reports. |