Property purchased with sponsored funds is to be used for the sponsored project. Vesting of title and/or reporting requirements vary by sponsor. In some cases, equipment purchased with sponsored funds remains the property of the sponsor. The ownership and transfer rights related to property purchased with sponsored funds is typically defined in the terms and conditions of the award agreement.
Some sponsors may also require an equipment inventory report listing all property purchased under a grant or contract regardless of ownership as part of award close out.
Principal Investigators should contact their Grants and Contracts Associate regarding property management and disposition, or any requests received for final inventory reports.