Commonly Used Terms
This page contains definitions of commonly used terms in Sponsored Programs Administration, including terms used to fund students, trainees, and research staff.
Terms
Grant (Non-education)
A grant is defined as an award mechanism to transfer money, goods, property, services or other items of value to accomplish a public purpose. In general, the following characteristics describe a grant:
- No substantial involvement is anticipated between the sponsor and recipient during a specified period of activity.
- The award comes with terms, conditions, and/or other contractual requirements that need to be met.
- There are budgetary and spending restrictions that must be followed and expenditures must be documented.
- Reports may be required including financial reports and technical or progress reports.
- Deliverables of some form are required, which may include the sharing of research results.
- An Authorized Organizational Representative (AOR) must transmit and/or sign.
Note: A portion of the content from this page is based on information provided by the Purdue University Accounting Services.