Finance and Business Distinguishing Between Gifts and Sponsored Projects

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Subject:

American University encourages its faculty and administrative staff to obtain and/or raise funding from external sources in support of research and development, service, and educational and scholarly activities. In accordance with applicable laws, national best practices in accounting and research administration, and external funder guidelines, the correct classification, processing and reporting of external funds, including gifts, sponsored projects and contracts, is essential for proper fiscal and fiduciary management at American University.

Responsible Executive:

Chief Financial Officer, Vice President & Treasurer

Responsible Office(s):

Office of Finance and Treasurer

Related Policies:

OSP Principal Investigator’s Handbook

Gift Acceptance Policy

Effective:

January 15, 2016

Last Revised:

January 15, 2016