Manage Your Grant
Congratulations! You got the grant. What happens now? The processes for accepting, managing, and reporting on funds given to UT Austin vary greatly and can sometimes be complex at our large institution.
The UT System Board of Regents has specific rules about who is authorized to sign grant and gift agreements. The Regents’ Rules and Regulations, Series 60101, Section 2, allow the chief development officer (in the University Development Office) to accept all gifts (other than gifts of real property or outdoor works of art) to UT Austin made in cash or in kind of $1 million or less. Gifts of more than $1 million (in cash or in kind) must be submitted to the Board of Regents for approval. In the case of state and federal contracts or sponsored research agreements, the Regents’ Rules, Series 10501, Section 2, allow the director, associate director, or assistant director of the Office of Sponsored Projects to execute the grant agreement on behalf of the university.
Deans, unit directors, and department chairs are not authorized to sign grant agreements under Regents’ Rules. All grant agreements must be sent either to the University Development Office or the Office of Sponsored Projects for signature by an authorized representative of UT Austin.
Expect your check to arrive at the address you listed in your proposal. If it isn’t one of the three offices responsible for depositing and managing gifts and grants to UT Austin—the University Development Office (UDO), Office of Sponsored Projects (OSP), or University of Texas Foundation—please make sure to deliver it to one of those offices as soon as possible to ensure that the funds are deposited promptly into the correct UT Austin account.
Processing Gifts and Grants through the University of Texas Foundation
Sometimes funders are required by their operating charters to award funds only to nonprofits with IRS 501(c)(3) tax-exempt status. In such cases you will need to submit your proposal through the UT Foundation (see Submit Your Proposal).
The UT Foundation accepts contributions from funders that must give to 501(c)(3) organizations and transmits those contributions in full to UT Austin (or other designated UT System components). When a grant is awarded through the UT Foundation, a subaward agreement between the university and the foundation is often implemented to clarify how the funds are handled and what party will accomplish the goals of the gift. The Corporate and Foundation Relations (CFR) staff can help draft subaward agreements for grants processed by the University Development Office. The Office of Sponsored Projects (OSP) prepares subaward agreements for grants managed by that office. These agreements require signatures of authorized representatives from either UDO or OSP, depending on which office is handling the funds. Sometimes the principal investigator/project leader also signs the document.
Reports on the Use of Funds
Financial reports. For grants received through UDO, simple financial updates may be included as part of the narrative report, drawing on departmental accounting and tracking information. If the grant was received by OSP (for a scope of work project), the Sponsored Projects Award Administration office (SPAA) within OSP will issue financial reports to the funder as specified in the grant agreement.
A report on the use of a gift should be sent to a foundation or corporate donor at the end of the funding period, regardless of whether the donor requires such a report.
Guidelines for Gift Publicity