cfi in-kind vs. discount · educational discount: a discount offered to an institution due to its...

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CFI in-kind contribution: A non-monetary resource offered as a contribution toward a CFI-funded project The eligible in-kind contribution is equal to the fair market value of the item less the net selling price (if any). Must be over and above Normal and Educational Discounts Educational discount: A discount offered to an institution due to its educational status Normal discount: A discount a supplier would normally apply to anybody CFI In-kind vs. Discount * Ref: Section 6.5 (page 39) in CFI’s Policy and Procedure Guide, 2017 22

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Page 1: CFI In-kind vs. Discount · Educational discount: A discount offered to an institution due to its educational status Normal discount: A discount a supplier would normally apply to

CFI in-kind contribution:

● A non-monetary resource offered as a contribution toward a CFI-funded project● The eligible in-kind contribution is equal to the fair market value of the item less the

net selling price (if any). Must be over and above Normal and Educational Discounts

Educational discount:

● A discount offered to an institution due to its educational status

Normal discount: ● A discount a supplier would normally apply to anybody

CFI In-kind vs. Discount

* Ref: Section 6.5 (page 39) in CFI’s Policy and Procedure Guide, 201722

Page 2: CFI In-kind vs. Discount · Educational discount: A discount offered to an institution due to its educational status Normal discount: A discount a supplier would normally apply to

Normal/educational discounts do not count as in-kind contributions to CFI projects.

Examples of discounts that do not qualify as in-kind contributions:

● Discounts due to the U of A’s status as a university ● Discounts due to U of A’s volume of transactions with the vendor● Discounts that are normally offered by the vendor due to proximity of the U of A to

the vendor ● Time commitments by a University of Alberta employee towards a CFI project

CFI In-kind vs. Discount

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Page 3: CFI In-kind vs. Discount · Educational discount: A discount offered to an institution due to its educational status Normal discount: A discount a supplier would normally apply to

Examples of discounts that might be eligible (subject to validation) as in-kind contributions to CFI projects:

● Special discounts that are offered over and above any educational discounts ● Donation of equipment by an industrial partner/vendor● Donation of professional services/training ● Extended warranties that are offered by a vendor for free ● All must be identified as specific to CFI

CFI In-kind vs. Discount

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