FundSvcs Community

Hi All - we received a grant intended to support students from our institution to attend a conference next summer, but a portion of the funds will also be redirected to at least two other organizations (subrecipients), but we do not know the amounts for each organization at this time. My assumption is that we cannot count the entire amount as a contribution to our institution, but once the amounts are distributed (next fiscal year) we could then book the amount being allocated to support our students.  Looking for guidance as to how or if this can/should be booked. Thanks in advanced.

Hi All - we received a grant intended to support students from our institution to attend a conference next summer, but a portion of the funds will also be redirected to at least two other organizations (subrecipients), but we do not know the amounts for each organization at this time. My assumption is that we cannot count the entire amount as a contribution to our institution, but once the amounts are distributed (next fiscal year) we could then book the amount being allocated to support our students.  Looking for guidance as to how or if this can/should be booked. Thanks in advanced.