Empowering People through Behavioral Science

 

TERMS: 501(c)(3) | Authorized Signing Official | Committed Cost-Sharing | Cost Reimbursement Award | Grantee | IACUC | IRB | Legal Organization Name | Principal Investigator

501(c)(3):

501(c)(3) is a section of the Internal Revenue Code instituted by the U.S. Internal Revenue Service United States Department of the Treasury. Organizations described in section 501(c)(3) are commonly referred to as charitable or non-profit organizations.


Authorized Signing Official:

An Authorized Signing Official is an authorized representative or administrative official who, on behalf of the proposing organization, is empowered to: a) make certifications and assurances; and b) can commit the organization to the conduct of a project that this program is being asked to support.


Committed Cost-Sharing:

All contributions, including cash and third party in-kind, can be accepted as part of the recipient's cost sharing or matching funds when such contributions are verifiable from the recipient's records, not included as contributions for any other federally-assisted project or program, are necessary and reasonable for proper and efficient accomplishment of project or program objectives, are allowable under the applicable cost principles, and are not paid by the Federal Government under another award (except where authorized by Federal statute to be used for cost sharing or matching).


Cost Reimbursement Award:

Awards made through this program are cost-reimbursable grants. In this type of grant, The University of Chicago agrees to reimburse the grantee for work performed and/or costs incurred by the grantee up to the total amount specified in the agreement between The University of Chicago and the contracted institution or organization.


Grantee:

A grantee is the institution, organization, or other entity that receives a grant and assumes legal and financial responsibility and accountability both for the awarded funds and for the performance of the grant-supported activity. Grants are normally made to organizations rather than to individual Principal Investigator/Project Director(s).


IACUC:

The Institutional Animal Care and Use Committee (IACUC) is a self-regulating entity that, according to U.S. federal law, must be established by institutions that use laboratory animals for research or instructional purposes to oversee and evaluate all aspects of the institution's animal care and use program.


IRB:

An institutional review board (IRB), also known as an independent ethics committee (IEC) or ethical review board (ERB), is a committee that has been formally designated to approve, monitor, and review biomedical and behavioral research involving humans. In the United States, the Food and Drug Administration (FDA) and Department of Health and Human Services (specifically Office for Human Research Protections) regulations have empowered IRBs to approve research, require modifications in planned research prior to approval, or disapprove research. IRBs are responsible for critical oversight functions for research conducted on human subjects that are scientific, ethical, and regulatory.


Legal Organization Name:

The name of the organization the funds would be distributed to if awarded a grant. Usually, this would be the name of your university or research institution. The legal name for your organization should be the organization’s name as it appears in the certificate of incorporation or the organization’s application for Federal tax-exempt status.


Principal Investigator:

The Principal Investigator is the project director or the individual designated by the grantee, and approved by the sponsor, who will be responsible for the scientific or technical direction of the project. If more than one, the first one listed will have primary responsibility for the project and the submission of reports. All others listed are considered co-investigators, and share in the responsibility of the scientific or technical direction of the project.

 
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