So they lent the GRC to another entity then got them back? So there has been a zero net loss of donated GRC? If it ends up going to the same equipment fund, did the donated funds not serve their purpose in the end?

This to me looks like one of the first times known BOINC entities have utilized Gridcoin as a cryptocurrency, and you want to drag them through the dirt for doing so? It doesn't make Gridcoin look that appealing for other BOINC admins.