USG Reports $831 Million in Extramural Income from Grants and Contracts in FY2006
Atlanta — June 12, 2007
The University System of Georgia’s income for extramural funding continued to show strong gains during Fiscal Year 2006. University System institutions reported a total of $831,043,460 in funds received through grants and contracts for research, instruction and public service for FY2006. The numbers, released in a report today to the Board of Regents, represent a 3.2 percent increase above Fiscal Year 2005. The total represents a dollar increase of $25,681,296 over the amount reported for the last fiscal year.
“The institutions of the University System of Georgia are widely known for their excellence and innovation,” said Dr. Beheruz N. Sethna, interim executive vice chancellor and chief academic officer. “They continue to attract a significant amount of extramural dollars from both federal agencies and from the private sector. While our numbers are strong overall, our research programs in particular have garnered national attention and financial support as evidenced by the strength of our extramural funding profile.”
Of the $831 million, $606,562,113 was for research, $125,713,035 was for public service, and $98,768,312 was for instruction. Federal funds made up the greatest portion of the funding for System research income, with 62 percent coming from the federal sector. The state of Georgia was the source of 11 percent of the System’s extramural funding and the non-profit sector accounted for 5 percent of the total. Business and industry provided 10 percent of the funds and other sources combined for the remaining 12 percent.
“Because of a more conservative economic climate in the last two years, fewer federal dollars have been available for research funding,” according to Cathie Mayes Hudson, associate vice chancellor for strategic research and analysis. “It is a credit to the strength of our research institutions that the extramural income for research has remained robust, given the competition among institutions nationwide for federal funds,” Hudson said.
The report also details extramural income from sales of intellectual property at the five senior institutions in the University System. The FY 2006 total income from entrepreneurial activities such as inventions, software, copyrights and trademarks was $17,765,567. The five institutions producing the income included the Georgia Institute of Technology, Georgia State University, the Medical College of Georgia, the University of Georgia and Georgia Southern University.« News Releases