Why is it a grant if the documentation says “gift”? (In the alternative: Why is it a gift if the documentation says “grant”?)

While the sponsor’s or donor’s labeling of funding to the University as a gift or sponsored award may show some indication of the sponsor’s intent in providing the funds, the way that a sponsor or donor labels his or her financial contribution is not dispositive of the University’s determination of whether external funds transferred to the University should be classified as a gift or a sponsored award. The terms and conditions that accompany external funds must be closely reviewed to determine whether there are restrictions over the use of the funds, including but not limited to specific faculty members, specific scopes of work, the obligation to produce deliverables, or specific reporting by budget line item. If a faculty member or administrator is unclear about the designation of an award, s/he should contact their School‐level officials, submitting office (OSP or SPA in Longwood) or RSO, either of which will consult one another, as well as other University offices, as appropriate.