Sponsored Project

A sponsored project is an externally funded activity governed by terms and conditions specified in a written agreement between the sponsor (e.g., a federal agency, a foundation or a corporation) and an entity such as Stanford University. The sponsored agreement (referred to by many sponsors as the award) is the legal instrument that binds the University to perform the Statement of Work under the direction of a PI (principal investigator) and further specifies the level of funding.

See RPH 13.1 Gift vs. Sponsored Projects and Distinctions from Other Forms of Funding.