The Research Foundation of State University of New York (The Research Foundation) collects and administers research and education grants from state and federal governments, corporations, and foundations on behalf of the 24-campus State University of New York, known as SUNY. The foundation has formed several affiliated divisions -- including Long Island High Technology Incubator and NanoTech Resources -- to operate research facilities, encourage scientific collaboration, and otherwise facilitate research for the university. The Research Foundation was established in 1951, just three years after the State University of New York.
The Research Foundation facilitates research for studies such as engineering and nanotechnology; physical sciences and medicine; life sciences and medicine; social sciences; and computer and information sciences.
The Research Foundation reported $998.9 million in revenues in 2011compared to $936.3 million in 2010. The increase in revenues was attributed to an increase in sponsorships, strong investment performance, and reduced liabilities. Federal grants and contracts accounted close to 60% of revenues in 2011. The Department of Health and Human Services, National Science Foundation and Agency for International Development were the major federal government sponsors. The Research Foundation also reported $940.5 million in contracts and grants for research conducted at State University of New York (SUNY).The Research Foundation allocated $946.5 million for SUNY research in 2011, an increase of $53.9 million compared to 2010. Meanwhile, private grants and contracts accounted close to 20% of revenues in 2011. – less