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Category: G

Grant vs. Contract

A grant is the transfer of money or property from a sponsor to an institution that typically has a period of performance and may require performance of specific duties, budget reports, progress reports, and return of unused funds.

A contract is a legally binding agreement creating and defining the obligations between two or more parties. Contracts usually detail a specific scope of work, a performance period, conditions for payment (timing, amount, etc.), and deliverable.

Grant Number

The specific code assigned by a sponsoring agency (usually federal) to an award made to UGA or UGARF for the agency’s own tracking purposes. It is different from the UGA Award Number.

Grant

The transfer of money or property from a sponsor to an institution that typically has a period of performance and may require performance of specific duties, budget reports, progress reports, and return of unused funds. PIs submitting grant proposals to non-state or non-federal sponsors may choose to submit them through either the Arch Foundation or SPA.

Gift or Grant?

A gift is a voluntary and irrevocable transfer of money, services, or property from an external donor for restricted or unrestricted purposes. Gifts to UGA or its faculty are managed by the Arch Foundation. Gifts have “no strings” and an exchange transaction (a swap of something of value) cannot be created when a gift is made.

A grant is the transfer of money or property from a sponsor to an institution that typically has a period of performance and may require performance of specific duties, budget reports, progress reports, and return of unused funds.

Gift

A voluntary and irrevocable transfer of money, services, or property from an external donor for restricted or unrestricted purposes. Gifts to UGA or its faculty are typically managed by the Arch Foundation. Gifts have “no strings” and an exchange transaction (a swap of something of value) cannot be created when a gift is made.

Georgia Research Alliance (GRA)

A Georgia organization that derives its funding from public and private sources. GRA funds specific research programs at UGA, Georgia State, Georgia Tech, GRU, Emory, and Morehouse College. GRA funds are considered sponsored awards. Proposals to GRA must be routed through the Office for Sponsored Programs for review and approval prior to submission to GRA.

GRA is an independent, non-profit organization that is working closely with Georgia’s Department of Economic Development, academic institutions, civic groups, corporation, and health care organizations to strengthen cancer prevention, research, and treatment in Georgia. GRA supports research at UGA through a variety of mechanisms.

Georgia Centers of Innovation (COI)

An economic development and research program funded by the State of Georgia that supports six centers around the state (aerospace, agri-business, energy, life sciences, logistics, and manufacturing). COI and a partnering for-profit company each fund half the cost of a research project (each project has a separate account established) that is designed to assist the Georgia company with commercialization.