Understanding Funding Sources
Selecting a funding source involves finding a sponsor with goals that align with a given research project and finding and opportunity for which the PI is eligible to pursue. It is important to understand different types of funding sources and their individual guidelines.
SPONSORED PROJECT VS GIFT
Both sponsored and gift-funded activities are externally-supported projects, and the classification of funding as "gift" or "sponsored" will affect, among other things, the way the University accounts for the funds, assesses F&A (indirect) costs, and reports on the use of the funds to the sponsor or donor.