Lewis-Clark State College

If external funds are an unrestricted gift or a donation (i.e. there is not a designation for said gift or donation), then it is handled and tracked through College Advancement.

Examples of gifts:

	A voluntary donation of funds that does not include any conditions, reports, or requirements.
	A voluntary donation of property with no implied responsibility on the part of LCSC or the Foundation to provide the donor a product, service, technical or financial report, intellectual property rights, or any other exchanges.
	Honoraria: funds given directly to a faculty member by agreement not requiring administrative endorsement.

If external funds do have a specific designation or expected outcome (e.g. financial reports, project narratives), then it is considered a grant or contract and is tracked through the Office of Grants & Contracts.

Conditions that make funding a grant:

	A formal proposal requiring the endorsement of an LCSC authorized official. (VP of Finance & Administration or President.)
	Progress, techinical, final reports and/or other exchanges are required.
	The funding and/or activity has a specific performance period or completion date.
	The agreement for the activity contains compliance terms and conditions from the Code of Federal Regulations, OMB Circulars, and guidelines in the grant award notification.
	The agreement for the activity contains provisions for confidentiality.
	The testing and/or evaluating of propietary products is involved.
	Unexpended funds must be returned to funder at the end of the activity.
	Cost sharing and/or cash matching are involved in the performance of the activity.
	The activity includes budgeted indirect costs.
	The activity involves disposition of property, whether tangible or intangible, that may result from the activity (e.g. equipment, inventions, copyrights, or rights in data.)