Identifying an agreement as a private gift or sponsored agreement has important accounting and tax-related implications. At JHU, gifts and grants are handled by two separate JHU units that each maintain their own distinct sets of policies and procedures. Gifts are handled by the Foundation Relations Office and sponsored agreements are managed by JHURA.
Distinguishing a gift from a grant is not always easy. Use the information below to help you make your determination, and if it is still not clear, reach out to your JHURA grants associate.
Financial assistance mechanism providing money, property, or both to an eligible entity to carry out an approved project or activity. A grant is used whenever the grantor anticipates no substantial programmatic involvement with the recipient or grantee during performance of the financially assisted activities
The below criteria are typical indicators of a sponsored project:
The below criteria are typical indicators of a gift:
The Johns Hopkins University will accept unrestricted gifts, and gifts for specific programs and purposes, provided that such gifts are not inconsistent with its stated mission, purpose, and priorities. The university will not accept gifts that violate the terms of the corporate charter, are unduly burdensome to administer, pose an unacceptable risk of liability to Johns Hopkins, benefit a specified Johns Hopkins employee or student, or that are for purposes outside the mission of Johns Hopkins.