High Point University receives both gifts and grants from external sources. However, gifts and grants are treated differently in terms of accounting and management. If you remain uncertain how to categorize your effort, please contact the Office of Research Administration and Sponsored Programs at [email protected] to review the associated documentation.
Gift:
A voluntary and irrevocable transfer of money, services, or property given from an external source without any expectation of a return benefit from High Point University or any requirement of financial, technical, or progress reporting. The donor may be an individual, corporation, or other non-profit organization. Gifts are handled by the Office of Institutional Advancement.
Grant:
Support provided by an external source in the form of money, services, or property in exchange for a set of specific scope of work and/or deliverables during a set period of time. Typically these projects require some kind of financial, technical, or progress reporting and are usually provided in the form of an agreement or award letter. This definition includes grants, contracts, subcontracts, subawards, etc. Funding from a governmental source is never a gift. Grants are handled by RASP.
Do you have questions? Email RASP at [email protected] or call 841-9313 for assistance.