Individual Financial Conflict of Interest: What to Report

This document provides a guide to what outside activities are reportable as individual significant financial interests.

Compensation

Reportable Outside Financial Activities Non-Reportable Outside Financial Activities

Reportable compensation is any compensation given directly to you, your spouse, or your dependent children. However, it does not include money that is given through the University.

Some examples of reportable compensation include:

  • Salary, unless it falls into one of the non-reportable categories
  • Spousal salary, if your spouse is employed in a field related to your institutional responsibilities
  • Consulting fees
  • Gifts or other awards, including gifts-in-kind, honoraria, and participation in promotional activities
  • Income from editorial work (e.g., journal editorships).
  • Payments connected to research, but not governed by a research agreement between the sponsor and UW-Madison or the UW Medical Foundation.
  • Payments for serving on advisory boards
  • Royalty and copyright income not managed by the Wisconsin Alumni Research Foundation (WARF) or Wisconsin Center for Educational Products & Services (WCEPS).
  • Income from activities sponsored by a foreign institution of higher education or foreign governmental body
  • Travel reimbursements from businesses that exceed your actual travel costs
  • Compensation from activities not related to your institutional responsibilities at UW-Madison
  • Previous employment for individuals who do not participate in the design, conduct, or reporting of federally funded or human subjects research at UW-Madison
  • Salary or other compensation from UW-Madison and affiliated entities (e.g., UW Hospital and Clinics, the VA Hospital, the UW Medical Foundation, and the Center for Advanced Studies in Business)
  • Royalty income from intellectual property that arose from University employment and that was assigned to organizations that were created to manage intellectual property on behalf of UW-Madison (e.g., WARF, WCEPS)
  • Payments under grant or gift agreements between the sponsor and the UW-Madison or the UW Foundation

Ownership

Reportable Outside Financial Activities Non-Reportable Outside Financial Activities
  • Stock
  • Stock options
  • Sole proprietorships
  • Partnerships
  • Limited liability corporations
  • Ownership interests NOT related to your institutional responsibilities
  • Income from investment vehicles such as mutual funds and retirement funds is NOT reportable as long as you, your spouse, or dependent children do not directly control the vehicle or fund's investment decisions
  • Interests in businesses or organizations that are unrelated to your institutional responsibilities

Leadership

Reportable Outside Financial Activities Non-Reportable Outside Financial Activities

Service in positions with fiduciary responsibility, which includes:

  • Executive positions, such as president, CEO, CIO, etc.
  • Senior management positions, such as president, treasurer, etc.
  • Service on boards of directors
  • Trusteeships
  • Professional societies

Non-reportable leadership positions do not relate to your institutional responsibilities or do not have fiduciary responsibilities. They commonly include religious organizations and political organizations.


  Foreign Academic Appointments

Reportable Outside Activities

All academic appointments with foreign entities, paid or unpaid.


     Foreign Research Support

    Reportable Outside Financial Activities Non-Reportable Outside Financial Activities

    Investigators with relationships with foreign entities must report all resources made available to them in support of their research endeavors including but not limited to:

    • Grants
    • Contracts
    • Unrestricted gifts
    • Materials and equipment
    • Laboratory space or personnel

    Research support managed or expended through the University of Wisconsin–Madison does not need to be reported.

      Travel (Researchers with Federal Grants)

      Reportable Outside Financial Activities Non-Reportable Outside Financial Activities

      Investigators with federally funded research must report travel events, such as:

      • Corporate-sponsored travel
      • Compensated vacation travel
      • Participation in a conference for a professional society
      • Travel sponsored by foreign institutes of higher education or foreign governmental agencies

      For investigators with federally funded research, the following types of travel need not be reported:

      • Self-funded travel
      • Travel covered through University of Wisconsin-Madison e-Reimbursement system
      • Travel funded through the University of Wisconsin-Madison
      • Travel reimbursed or sponsored by a federal, state, or local government agency, an institution of higher education [defined at 20 USC 1001(a)], an academic teaching hospital, a medical center, or a research institute that is affiliated with an institution of higher education (the exception described here applies only to U.S.-based institutions and agencies).
      • Travel reimbursed or sponsored by the National Research Commission or the related National Academies


      Keywordsconflict of interest outside activities report oar coi   Doc ID32879
      OwnerSamuel L.GroupVCRGE and Graduate School
      Created2013-08-19 15:29:59Updated2024-01-08 15:29:40
      SitesVCRGE and Graduate School
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