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Large project awards continued its four-year trend with amounts of $2.5 million (or more) increasing by 46% last year and 56% since FY20. The Office of Research continues several support service initiatives to enhance unit efforts to grow their research portfolios.
- Funding | Research Development Support - University of Chicago
Our in-house seed funding targets the most ambitious nascent...
- Funding | Research Development Support - University of Chicago
- The Role of The Endowment
- Endowment Spending
- Trip Investment Policy
- Investment Performance
The fundamental purpose of the University’s endowed funds is to support the academic mission of the University by supplying a steady source of income to supplement the operating budget. For fiscal year 2021, the endowment funded 17 percent of the University’s operating budget. Spending from the endowment is used primarily to fund academic programs,...
The control of endowment spending is a responsibility vested in the trustees of the University. As part of an annual budget process, trustees are asked to approve a level of spending that is within the range of 4.5 to 5.5 percent of a 12-quarter average market value, lagged one year. The current spending rate is 5.5 percent. This range allows for a...
The mission of the University of Chicago’s Office of Investments and the Investment Committee of the Board of Trustees is to provide stewardship of the University’s investment assets. This includes managing the University’s endowment to best support the University’s academic and medical programs, and ensure that the endowment benefits current and f...
For the fiscal year ended June 30, 2021, TRIP gained 37.6 percent on an unlagged basis and outperformed the market-based, policy-weighted strategic benchmark used by the University by 510 basis points (see figure 2). Recently, most peer endowments have moved to an unlagged performance reporting methodology, where accounting books are held open long...
The University of Chicago finds support for research, training, and other academic purposes in many places. Numerous federal, non-federal, and corporate agencies and organizations contribute significantly to our research and academic mission. The majority of the funding is for research, however support is also received for fellowships, training ...
Our in-house seed funding targets the most ambitious nascent ideas and provides support to secure follow-up federal and philanthropic funding. The funding levels vary from $25K Pilot to $80K Vision awards in any field of research and include support for developing education and outreach plans.
I am pleased to share the University of Chicago’s 2022 annual report. This report serves as an outline of some of the remarkable initiatives, research, and scholarship that took place across the University this past year, along with an overview of the endowment and financial results.
For fiscal year 2020, the endowment funded 16 percent of the University’s operating budget. Spending from the endowment is used primarily for academic purposes, going toward academic programs, instruction and research, faculty salary support, student aid, library acquisitions, and maintenance of the buildings and classrooms.
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CASE members have access to internal funding opportunities designed specifically to promote joint projects across UChicago and National Laboratories (JTFI); internal funding that prepares a team of researchers to apply for substantial federal grants (BIG); seed funds for international collaborations (FACCTS, Weizmann Institute).
