Common Definitions and Terms

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).

 

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)

 

 

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.

 

 

Final financial and Final Technical Reports standard

Final financial and Final Technical Reports.

Final financial and Final Technical Reports.