Glossary
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- G -

 

 

Gift

An item of value given to the RF by a donor who expects nothing significant of value in return, other than recognition and disposition of the gift in accordance with the donor's wishes. A gift has the following characteristics:

  1. No contractual requirements are imposed and there are no "deliverables" to the donor (however, a gift may be accompanied by an agreement that restricts the use of gifted funds or commodities to a particular purpose)
  2. The gift is typically irrevocable. While a gift may be intended for use within a certain timeframe, there is no specified period of performance or a start or end date associated with the gift or its use.
  3. The RF has no formal fiscal accountability to the donor beyond periodic progress reports and summary reports of expenditures. These reports may be thought of as requirements of good stewardship, and as such, may be required by the terms of the gift. They are not characterized as contractual obligations or "deliverables."

 

Grade

For both Oracle and RF, a level associated with salary ranges or salary points. A component of an employee’s assignment that defines the employee's level and can be used to monitor the value of salary and other compensation elements.

 

 

Grant
A direct award of financial assistance used to carry out an approved project or activity, usually in support of a public purpose (to advance basic and applied research, offer training opportunities, etc.). The investigator defines the scope of work and retains control over the activities and results. Most grants do not require bilateral signature. Substantial involvement is not expected by the sponsor during the performance of the award activity.

 

 

Government reporting entity (GRE)

An organization recognized by federal, state, and local governments as an employer that issues pay to employees, withholds taxes from this pay, and provides certain government-mandated reporting for which the unique nine-digit employer identification number is entered (e.g., the Research Foundation).

 



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