Carthage regularly receives funding from a variety of sources including the government, corporations and other private entities. It is important to accurately classify the funding as either a GIFT or a GRANT (sponsored program) to ensure that funds are correctly accounted for and properly classified in the College’s financial statements. The Office of Sponsored Programs works directly with those funds that fall under the GRANT category, while the Office for Institutional Advancement works with funding that qualifies as a GIFT. Look at the chart and resources below to better understand these types of funding.
Grants vs. Gifts Chart