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NSF Survey on Research Expenditure for FY12 Released
The annual NSF survey, which measures research expenditure at institutions of higher learning, was released last week. Across the country, university expenditure on research totaled $66 billion in FY12; the change from FY11 to FY12 represents the first constant dollar decline in almost forty years. Total federal funding at all institutions declined slightly while non-federal spending was higher for most sources. Institution-funded research showed the most significant growth and rose by over $1 billion to $13.7 billion in FY 2012. At Harvard, we used a different methodology to calculate research expenditures in FY12 and landed at 17 out of 907 institutions surveyed (measured by total research expenditure). The top 30 institutions surveyed account for 40% of total academic research spending.