Current Use Gift Process & Administration
CURRENT USE GIFT PROCESS
BEST PRACTICE: Contact the accounting office to discuss pending proposals and gifts so that key issues are addressed before a potentially problematic solicitation moves too far along the process.
If you aren't certain whether the funding is a Current Use Gift or a Sponsored award please reference the Gift vs Grant Checklist. If the funding is a grant, follow the same OSP guidelines and process you have used in the past. If the funding is a current use gift, please follow the process below:
- Approved terms are required. For a gift under $100K in total value which is from a corporation that Harvard has previously done business with, you can use the new Corporate Gift Template for Faculty Research. Please fill out the top sections of the gift agreement and send to SEAS Finance and ADC.
- For new accounts, a CSMA request to acquire a new 33-digit string will be sent to ADS for review and approval.
- Once approved, the new account will be activated; the fund will then be placed on the PI Dashboard along with corresponding documentation and relevant correspondence.
- A new gift notification will be sent which requires acknowledgment of the terms and the administration assessment fee; this too will be placed on the PI Dashboard document depository.
- After the funding is received, an acknowledgment letter is sent to the donor and the ADS will provide tax receipts.
- All gift checks must be made out to: President & Fellows of Harvard College. In the memo line, please reference the PI and if it is known, the gift number.
- For processing: send the check, gift letter and any other documentation provided by the donor to either: Leslie King, Senior Accountant, 20 University Road, Suite 672 or Devon Losada, Senior Accountant, 20 University Road, Suite 672.
- Forward all electronic correspondence regarding the gift to either Leslie King or Devon Losada.
- If funding is for an existing account, follow the same directions as for a new gift.
For Wire Transfers
- For all gifts sent by ACH/wire, please refer to How to make a gift to Harvard.
CURRENT USE GIFT ADMINISTRATION:
In accordance with the University’s Restricted Fund Spending Policy, on an annual basis, all who spend against donor-restricted funds (or managers who oversee such staff) will certify in writing that they are familiar with and will abide by spending terms on those funds.