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University Funding Mechanisms

TYPE OF INSTRUMENT Gift  Grant  Cooperative Agreement  Contract  CHARACTERISTICS Use Unrestricted           To accomplish a public purpose of support or stimulation         To accomplish a public purpose of support or stimulation, AND substantial involvement is anticipated or expected between the funding entity and the recipient   For the purpose of acquisition of property or services for the direct benefit or use of the funding entity    Research Contract Service Contract Degree of Restriction on Research None Very Limited Moderate High Deliverables None Reporting Only Possibly Yes Administration OIA OSP OSP OSP Intellectual Property Follows UMBC Policy Follows UMBC Policy Follows UMBC Policy Follows UMBC Policy Facilities and Administrative Expenses N/A* Yes Yes Yes     Notes Gifts may be made directly to individual faculty; however, grants, cooperative agreements, and contracts are awarded to the university ­ not to the individual researcher.   Consulting is an independent effort by the faculty member, unattached to the institution. Refer to the Faculty Handbook (under 13.3 Policy on Professional Commitment of Faculty) for rules governing consulting   * Although F&A does not apply to gifts, OIA does charge a management fee based on balance in the account.