Gift vs. Sponsored Project

Are given with no strings attached

• Donor surrenders control of donation; transfer of funds or item of value is irrevocable
• Any report provided to the donor is a courtesy and not a condition of the receipt of funds

Provide unrestricted or donor-designated support for general programs (such as the Cancer Center) or projects (such as buildings)

Come with strings attached (conditions), such as:

• Restrictions on how funds may be expended
• Report requirements (program and/or financial)
• Project work to be delivered (services, data, training, etc.)
• Time periods for conducting the funded project
• Penalties for failing to use the funds or to deliver the items on a timely basis

Support specific projects, programs, or services (research, training, clinical)