Can philanthropy fill R&D grant gap if feds back away?
Question: Can philanthropy fill the gap left by reduced federal research grants?
Bob’s Answer: YES
Philanthropy already plays a significant role in scientific, engineering and medical research in the U.S. Over billion annually is contributed to operations, endowment and buildings for research.
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When combined with endowment income, university research funding from science philanthropy is billion annually.
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This major contribution to U.S. scientific competitiveness comes from private foundations and gifts from individuals. We must increase this even further to fill the gap left by reduced federal grants.
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