Grant & Contract Glossary
An Award is a sponsoring agency agreement to contribute funding to a specific project. When a sponsor approves an award, a formal notice is sent by the sponsoring agency to the University's Office of Sponsored Programs office. This notice is usually in the form of a grant or a contract. Office of Sponsored Programs reports the award to the UW Board of Regents for acceptance and issues a Notice to Establish Account (NEA). The NEA is sent to Grant and Contract Accounting who will then establish a budget for the amount of the award. The term does not include: technical assistance, which provides services instead of money; other assistance in the form of loans, loan guarantees, interest subsidies, or insurance; direct payments of any kind to individuals; and contracts which are required to be entered into and administered under procurement laws and regulations.
