Quote:
Originally Posted by molson
I know nothing about academia, but don't research grants have to be spent on specific research? It's not profit for the school, like athletic revenue can be.
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For the University at which I work, they get $0.53 for every dollar I bring in. It's not out of my money either. If I get a grant from the NIH for 1M, the University gets an extra 530k for overheads and such. Most of that goes to the Dean's office, provost, etc, to pay for salaries and other expenses (building maintenance). So if a University gets 300M in NIH funding alone, that brings back over 150M in overheads (like PIT, though I'm sure it's more). It also varies by funding agency (some only allow 10% overhead).
The University gets a nice shot from research dollars as it brings in donors, private companies, employs a lot of people, and brings in prestige.