Tuesday, February 28, 2017

Private Funding for Basic Science Totaled $2.3 Billion in 2016

Philanthropy News Digest
February 21, 2017

U.S. research institutions received more than $2.3 billion in private funding for basic science research in 2016, a report from the Science Philanthropy Alliance finds.
Based on survey responses from forty-two universities and research institutions, the 2016 Survey of Private Funding for Basic Research (summary report, 5 pages, PDF) found that foundations, corporations, grantmaking public charities, and individuals awarded $1.9 billion, or 84 percent of the total, to research in the life sciences, $300 million (13 percent) in the physical sciences, and $80 million (3 percent) in mathematics. For the twenty-six institutions that completed the survey in both 2015 and 2016, private funding in those three areas increased 31 percent, from $1.19 billion to $1.56 billion, while funding for basic research in all areas — including  behavioral and social sciences and the arts and humanities — increased 28 percent, from $2 billion to $2.56 billion.
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