Funds that have been pooled for investment purposes. MIT Pool A contains endowment and similar funds. Pool C contains current invested operating funds.
General Investments
General/Ledger Account (G/L)
In SAP, a six-digit number identifying a particular classification of expenses or revenue.
Goods
All types of personal property including commodities, materials, supplies, and equipment.
Government Material
Property which may be incorporated into or attached to an end item to be delivered under a contract or which may be consumed in the performance of a contract. Government material includes, but is not limited to raw and processed materials, parts, components, assemblies, small tools, and supplies.
Government Property
All property owned by, leased to, or acquired by the US government under the terms of contract, grant, or loan agreements. This includes both government-furnished property and MIT-acquired property and is defined as follows:
Government-furnished property is property in the possession of, or acquired directly by the US government and subsequently delivered or otherwise made available to MIT.
MIT-acquired property is property procured, or otherwise provided by MIT for the performance of a contract and for which property title is vested in the government.