Grant Funding

Monetary awards from a sponsor to the University, as a source of salaries.

Definition

Monetary awards from a sponsor to the University that may require the performance of specific duties, such as research, budget reports, progress reports and the return of unused funds. Any funding provided by the U.S. federal government is treated as a grant.

Not to be confused with a grant as a form of student financial aid.

Where it is used

Related terms

  • Grant (Financial Aid)
    Financial aid, typically from the federal government, that usually does not have to be repaid.
Topic
Funding Sources
Source of definition
Institutional

References

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