1. Gifts and Sponsored Awards What is the Difference?

2. What is a gift? Donation: Voluntary Non-Reciprocal Recipient Controls Use No Strings Attached

3. What is a Sponsored Award: Result of a successful proposal Represents an “Exchange Transaction” Dual Benefit Purpose Directly Related to Sponsor Interests Sponsor Has Input on Use of Funds

4. What is the Difference? Sponsored Award Begin and End Date Reporting Requirement Audit Rights Terms & Conditions Defined Scope of Work Resource Commitment SPARCS Initiated Sponsor Oversight Gift No Time Limit Limited Reporting No Audit Rights No Terms & Conditions No Services Provided No deliverables University Advancement No Donor Involvement 4

5. Questions?