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Learn how to manage student grants effectively. Get insights on fund options, tax implications, and involvement of Grant and Research Office for maximum fund utilization and compliance. Understand when GRO assistance is beneficial and when direct handling is preferable to ensure smooth grant operations.
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Guidelines for Student Grants(Submissions and Post-Awards) August 28, 2013
Grants and Research Office Student Grant Administration Guidelines ** GRO assistance available. See next slide. • * GRO will perform pre- & post-award admin if the budget includes all or one of the following: • Human Subjects • Temp staff • UM-purchased supplies • UM lab work • Indirect costs • Grant requires deliverables / financial reports
Grants and Research Office Administration Guidelines for Certain Student Grants Students may have two options for receiving research grant funds: • Payable to the Student • Amount is net of taxes • Student manages the funds • Payable to UM • Amount is at 100% (with no taxes deducted) • GRO manages the funds In these cases: We recommend GRO involvement if the student wants to: • maximize the use of grant funds • use UM’s procurement policies and procedures We don’t recommend GRO involvement if the student: • incurred grant expenses, and the award will reimburse the costs • wants the flexibility of directly receiving cash