And yet those universities were happy to take the private foundation grant money with admin overhead limited to 15%. How were they able to do that with private foundations, yet required 2-3X more as a percentage for the gov't research grants?
My friend doesn't overhaul her cancer research lab every year with new equipment. Only at a university will you have an Assistant Vice Chancellor for Strategic Partnerships and Community Engagement, or a Special Assistsant to the Vice President of Research Affairs. The actual researchers at these universities are doing valuable work. The administrative regime "supporting" the researchers aren't doing jack squat.
I think some of these researchers should consider a different business model. Form a 501(c)(3) private lab and write grant proposals to the NIH. Get seed money from the private foundations. They avoid all the university nonsense, and actually get to spend most of their time doing their research. In the old days, being faculty at Harvard helped you get the NIH grant. Today, being Harvard faculty might hurt your grant application prospects. What does the university add in terms of actual value to the research?
We are going to get into the weeds on this one. Of course they are going to take whatever money they can get. Those private grants are usually small and only get a researcher a couple of years. Plus, You are thinking that every PHD applying for a grant is running off multiple grants including NIH. Also not the case. Lots of grants are actually shared between PHD’s and even PHD’s at other universities. NIH grants aren’t easy to get either, they usually involve many researchers and many different labs and departments. It’s why the indirect costs are higher because the cost of the actual research is high. Like I said the weeds. I do remember back in my old Days, everyone’s ears perked up when they heard someone had a NIH grant. I think because researchers are super cheap and never have any money.
If the university is public, then hopefully the state can jump in and help provide funds and cover costs related to electric, however they wont help cover salaries. Plus I agree with you the Vice Chancellors are overpaid and can go. They get paid by the university. The PHD’s, the Lab people, the PHD’s students, all paid out of grants. Back in March some PHD students were asking me for places they could apply for jobs since they lost grants and with no money, no research, no job, no stipend, and then can’t graduate.
TBH I don’t know of one place that I cover that is changing out equipment every year and getting new stuff. Most items are on rotation and getting replaced in 7-10 years.
I like your idea of a 501c3, but I don’t have any idea if people could actually do that nor do I have the legal knowledge that could get pulled off.
Okay, like I said, the weeds.