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At Stanford, research surpasses investments as top revenue source
Scientific research is re-emerging as the leading contributor to Stanford University’s budget, surpassing income from its multibillion-dollar endowment and other investments.
The collapse of Wall Street — and Washington’s sudden enthusiasm for research — reverses a recent trend, where investment income led all other sources of Stanford’s support, according to Stanford Provost John Etchemendy.
Next year, federally funded research — including an infusion of stimulus dollars — will account for the largest share of the university’s revenue, 30 percent. Investment income will contribute only 24 percent.
By Lisa M. Krieger
Full Story: http://www.mercurynews.com/business/ci_12505712
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