Calling it a "gift" has specific funding implications for professors with labs. When a professor is awarded a grant (e.g. from NSF), universities often skim a p

Calling it a "gift" has specific funding implications for professors with labs. When a professor is awarded a grant (e.g. from NSF), universities often skim a portion as high as 50% in overhead fees. However, "gifts" have no such overhead and the money can go much farther.