Budget and Finance: Grants and Special Projects
Grants and Special projects are enterprises managed by Enterprise Technology that are outside the scope and funding of our standard operational budget.
Grants versus Special Projects
Grants are financial assistance mechanisms providing funds to carry out a sponsored project. It is an agreement to transfer money, property, services, or anything of value to accomplish a purpose, such as support or assistance in an area of interest, to the grantor (principal investigator). For an award to be considered a grant, it normally will contain the following elements:
- The statement of work allows the principal investigator significant freedom to change emphasis within the general area of work as the project progresses
- Deliverables are minimal, usually consisting of reports only, and
- Separate accounting procedures are required.
ASU Research Admin offers step-by-step pre-award submission guidance for Grant submissions.
Special Projects have defined start and end dates and are not included in the scope of funding of Enterprise Technology's standard operational budget. They are not anticipated to recur and generally have less restrictive reporting requirements than grants. Special projects can be funded through contracts, collaborative agreements, and gifts.