The University of Iowa has established specific procedures for accepting and administering awards.

Note that, in nearly every instance, awards are made to The University of Iowa, rather than the individual applicant, and carry a specific set of terms and conditions that the institution must accept. Such terms and conditions may include guidelines for administering the award in accordance with sponsor wishes, which must be noted and observed throughout the life of the award. This section includes information to guide the award acceptance procedure:

Award Procedure -- Guidelines for activating an award.