Page 11 - EPEX Reference Guide

EPEX Reference Guide

Fixed-Price (FPC or FPG) Contract/Grant
A contract/grant for which one party pays the other party a predetermined price, regardless of actual
costs, for services rendered or the delivery of a final product/report. Quite often this is a fee-for-
service agreement.
Freedom of Information Act (FOIA)
A mandate of Congress that applies to all federal agencies that allows the public to request information
pertaining to any governmental agency’s functions, practices, and future plans. The public has access
to research data that is: (1) first produced in a project that is supported in whole or in part with federal
funds and (2) cited publically and officially by a federal agency in support of an action that has the
force and effect of law.
For-Profit Company
A business with the goal of making monetary profit, run for the financial benefit of its owners and/or
shareholders. Unlike a non-profit organization that reinvest any profits made into the operation of
itself, a for-profit company has discretion to use its profits for any purpose it deems fitting. For-profits
are likely to enter into sponsored research contracts for monetary gain.
Foundation
A non-profit entity usually funded from a small group, often a family. Foundations often provide
funding for sponsored research that is highly specific and focused on a particular cause for the greater
good.
Fringe Benefits
Benefits provided through the University to its employees. A portion of the cost is covered by the
employee, with the remainder covered by the University.
Funding Cycle
Range of time during which proposals are accepted, reviewed, and funds are awarded. If a sponsor has
standing proposal review committees (or boards) that meet at specified times during the year,
application deadlines are set to correspond with those meetings. For some sponsors, if proposals are
received too late to be considered in the current funding cycle, they may be held over for the next
review meeting (i.e., National Science Foundation’s Target Dates).
Faculty Portal Funding Opportunities
A resource for Emory faculty, staff, postdocs, and graduate students seeking information on funding
sources for independent research, collaborative projects, fellowships, travel and other scholarly
activities. http://www.osp.emory.edu/links/facultyportal.html.As an additional resource, the
university subscribes to “Grant Forward” (a web-based resource for funding opportunities).

G

General Purpose Equipment
Equipment that can be utilized for activities other than the specific, technical, specialized activities
supported by a grant or contract. Examples include office equipment and furniture, reproduction
equipment, motor vehicles and data processing equipment.
Gift
Funds are classified as gifts if the following characteristics exist:
(1) There are no contractual requirements imposed (although the gift may be accompanied by an
agreement that restricts the use of the funds to a particular purpose).

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