If the member is moving to an academic nonprofit or other nonprofit research institution, or VAMC, to continue an ongoing VA-approved research project, remaining VBRI funds attributable to that project may be transferred to that institution at the discretion of the VBRI Board of Trustees. Equipment purchased with VBRI funds attributable to that project may also be transferred at the discretion of the Board of Trustees. Sponsor notification and approval is usually required.

If such funds retain donor-imposed restrictions, VBRI may be required to return remaining funds to the donor.

If an investigator resigns before a project is completed, the investigator may request that another VBRI investigator assume responsibility for research or education activities with VBRI funding. This request requires either R&D Committee approval or EDUCATION COMMITTEE approval, and may require the approval of the VBRI Board of Trustees and sponsor approval.

No funds or equipment may be transferred to for-profit organizations.

The investigator should submit a written request to the Board of Trustees for review. This request should be sent through the Executive Director as soon as possible in order to obtain necessary information for review by the Board.

If the request is approved, the transfer will be completed within a reasonable time. For transfer amounts above $25,000 a longer period of time may be required to complete the transaction. Investigators are encouraged to notify VBRI well in advance of the need for major fund transfers.

Any residual funds and equipment attributable to completed research projects or educational activities must continue to benefit VA research or education. The Board may consider a request to transfer these funds to another VA-affiliated nonprofit corporation established under 38 U.S.C. §§7361-7368. A request may be made to the Board of Trustees, that residual funds which are not eligible for transfer, be used to support another member’s research or education activity.

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