FundSvcs Community

Hi all,

We are in the process of creating an SOP and a grant versus gift grant determination checklist.  We know the basics for grants versus a gift, but there is always some gray area here that we are trying to make a little less gray.

I have found grants typically will state a reporting requirement that typically helps us determine if something is recorded as a gift or grant on the finance side.  Advancement will try to state that some grants are a gift instead of a grant.  Examples are are some funders are a family foundation or a foundation of a corporation. The paperwork specifically outlines the reporting needs of the grant.  Something along the lines of specifying what needs to be reported. The Advancement lead will state they are required to report on any gift received as it is a form of stewardship.  I agree to report on a gift as it is nice and impactful, but typically, for a gift, I have not encountered a donor stating they required very specific reporting requirements for a gift.  

We would like our checklist to maybe state if reporting requirements state what is specifically required to report out on; then it is a grant; otherwise, if the reporting needs are up to the institution, it can be classified as a gift.  Does anyone have any thoughts on this?

Thanks,

Hi all,

We are in the process of creating an SOP and a grant versus gift grant determination checklist.  We know the basics for grants versus a gift, but there is always some gray area here that we are trying to make a little less gray.

I have found grants typically will state a reporting requirement that typically helps us determine if something is recorded as a gift or grant on the finance side.  Advancement will try to state that some grants are a gift instead of a grant.  Examples are are some funders are a family foundation or a foundation of a corporation. The paperwork specifically outlines the reporting needs of the grant.  Something along the lines of specifying what needs to be reported. The Advancement lead will state they are required to report on any gift received as it is a form of stewardship.  I agree to report on a gift as it is nice and impactful, but typically, for a gift, I have not encountered a donor stating they required very specific reporting requirements for a gift.  

We would like our checklist to maybe state if reporting requirements state what is specifically required to report out on; then it is a grant; otherwise, if the reporting needs are up to the institution, it can be classified as a gift.  Does anyone have any thoughts on this?

Thanks,

Hi all,

We are in the process of creating an SOP and a grant versus gift grant determination checklist.  We know the basics for grants versus a gift, but there is always some gray area here that we are trying to make a little less gray.

I have found grants typically will state a reporting requirement that typically helps us determine if something is recorded as a gift or grant on the finance side.  Advancement will try to state that some grants are a gift instead of a grant.  Examples are are some funders are a family foundation or a foundation of a corporation. The paperwork specifically outlines the reporting needs of the grant.  Something along the lines of specifying what needs to be reported. The Advancement lead will state they are required to report on any gift received as it is a form of stewardship.  I agree to report on a gift as it is nice and impactful, but typically, for a gift, I have not encountered a donor stating they required very specific reporting requirements for a gift.  

We would like our checklist to maybe state if reporting requirements state what is specifically required to report out on; then it is a grant; otherwise, if the reporting needs are up to the institution, it can be classified as a gift.  Does anyone have any thoughts on this?

Thanks,

Hi all,

We are in the process of creating an SOP and a grant versus gift grant determination checklist.  We know the basics for grants versus a gift, but there is always some gray area here that we are trying to make a little less gray.

I have found grants typically will state a reporting requirement that typically helps us determine if something is recorded as a gift or grant on the finance side.  Advancement will try to state that some grants are a gift instead of a grant.  Examples are are some funders are a family foundation or a foundation of a corporation. The paperwork specifically outlines the reporting needs of the grant.  Something along the lines of specifying what needs to be reported. The Advancement lead will state they are required to report on any gift received as it is a form of stewardship.  I agree to report on a gift as it is nice and impactful, but typically, for a gift, I have not encountered a donor stating they required very specific reporting requirements for a gift.  

We would like our checklist to maybe state if reporting requirements state what is specifically required to report out on; then it is a grant; otherwise, if the reporting needs are up to the institution, it can be classified as a gift.  Does anyone have any thoughts on this?

Thanks,

Hi all,

We are in the process of creating an SOP and a grant versus gift grant determination checklist.  We know the basics for grants versus a gift, but there is always some gray area here that we are trying to make a little less gray.

I have found grants typically will state a reporting requirement that typically helps us determine if something is recorded as a gift or grant on the finance side.  Advancement will try to state that some grants are a gift instead of a grant.  Examples are are some funders are a family foundation or a foundation of a corporation. The paperwork specifically outlines the reporting needs of the grant.  Something along the lines of specifying what needs to be reported. The Advancement lead will state they are required to report on any gift received as it is a form of stewardship.  I agree to report on a gift as it is nice and impactful, but typically, for a gift, I have not encountered a donor stating they required very specific reporting requirements for a gift.  

We would like our checklist to maybe state if reporting requirements state what is specifically required to report out on; then it is a grant; otherwise, if the reporting needs are up to the institution, it can be classified as a gift.  Does anyone have any thoughts on this?

Thanks,