Guidelines for Classification of Gifts, Grants, and Contracts These guidelines are intended to assist faculty and staff with appropriate classification criteria for the various forms of external support. Classification of a given award will require the exercise of some judgment if its characteristics are such that the true nature of the award is not immediately clear. To clarify the process of determining classification, coordinate routing proposals between the Development Office and the Office of Sponsored Programs, and assure greater consistency among the various colleges, departments and administrative units of the University, the following guidelines apply.
Award is irrevocable.
A period of performance is not specified. Formal financial accounting over a specific project period is not required and there is no requirement to return unexpended funds. For example, money from Warren County or the Navy would not be considered gifts. The sponsor retains authority to withhold funds pending satisfactory completion of project objectives. Unused funds must be returned to the grantor.