L&S Fund Management: Sponsored vs. Non-Sponsored Projects
Sponsored projects are coded 144- for federally sponsored projects, and 133- for non-federally sponsored projects.
Brief comparison of sponsored and non-sponsored projects.
- They have an external sponsor who has interest in the use of the money.
- Usually there is an agreement, a budget, and a set of expectations for reporting.
- Typically there is a begin and end date.
- In most cases, unused funds must be returned to the sponsor at the end of the project.
- Usually a proposal was sent out to request the sponsored funds.
- Effort reporting is required for all sponsored funds paying salary.
- All sponsored awards have an RSP post-award accountant assigned to them.
- Usually has overhead or F&A charged on the project.
- Expenses posted to the project must be relevant to the grant, you should be able to easily answer the question "How does the project benefit?" from the expense.
- They don’t have a sponsor.
- Mostly these funds are internal.
- Some non-sponsored projects are the result of successful internal proposals (e.g. Fall Competition awards).
- Non-sponsored funding is typically more flexible than sponsored funds, though there are often rules and restrictions.
- RSP is not involved in managing non-sponsored projects.
- No overhead or F&A is charged on non-sponsored projects.