2.2 - Types of Funding Sources (2024)

Familiarity with the types of funding sources can help faculty and staff identify potential project sponsors whose interest and level of support are appropriate to the project planned. Common categories of funding sources include federal, state, and local government entities, foundations and organizations, and businesses/industries.

Government

Federal, state, and local government entities provide support for various sponsored programs. Examples of federal funding sources include the U.S. Small Business Administration (SBA), Environmental Protection Agency (EPA), National Aeronautics and Space Administration (NASA), National Endowment for the Humanities (NEH), and the National Science Foundation (NSF), as well as the U.S. Departments of Agriculture (USDA), Commerce (DOC), Defense (DOD), Education (USDE), Energy (DOE), Interior (DOI), and Health and Human Services (HHS), including the National Institutes of Health (NIH).

Examples of state funding sources include the Mississippi (MS) Arts Commission, the MS Humanities Council, the MS Department of Education, the MS Department of Human Services, and the MS Water Resources Research Institute.

Local governments, such as the City of Oxford or Lafayette County, may also be sources of funding for sponsored projects.

Foundations and Organizations

Private and community foundations and organizations are additional sources of funding support. Many foundations have small staffs, so communication can be limited. However, foundations can be an excellent source of funding, if applicants have innovative ideas and target foundations that are most likely to have an interest in the project topic. Most foundations restrict their support to very specific areas of interest, so obtaining a foundation’s published annual report or funding guidelines when available can help proposal writers determine particular funding opportunities. Providing a foundation with a brief (e.g., three-page) concept paper of a proposed project is often an important first step in seeking foundation sponsorship.

Faculty and staff seeking gifts, as opposed to sponsorship, from foundations or organizations should work with the Office of University Development (see Section 2.1 for clarification of distinctions between gifts and sponsored programs). The procedures for seeking and accepting gifts are under the oversight of the Director of University Development. Faculty and staff who have identified a foundation to which they plan to apply for a grant are expected to notify the Office of University Development of their intent.

Businesses and Industries

Although often overlooked by academic researchers, businesses and industries are increasingly important funding sources. Business and industry support may include cash funding and/or in-kind contributions of expertise, services, equipment, or materials. Not only can businesses and industries provide support or partial support for a new project, but academic/business/industrial partnerships can also establish a basis for seeking additional funding from federal agencies or other sources, especially those requiring or rewarding such partnerships.

Proposals to businesses and industries generally originate with the proposer, not with an announced program. Therefore, extensive communication with the business or industry representative is crucial in determining project goals and expectations. Proposals are often shorter and simpler than those submitted to federal agencies, although the resulting legal agreements can be complex. Business and industry agreements often contain special clauses covering such things as publication rights, patents, nondisclosure of proprietary information, and indemnification. Section 7.16 offers further information on these issues in various non-governmental contracts, and ORSP staff are available to assist in these activities.

Note:The Principal Investigator or Project Director (PI/PD) must consult with the ORSP prior to entering into any agreement with business or industry to ensure that any proposed provisions are in compliance with university and state policies and, where applicable, to involve the ORSP in the negotiation process.

2.2 - Types of Funding Sources (2024)
Top Articles
Child Support – Financial Laws & Responsibilities
South Africa is an increasingly attractive investment destination
Sdn Md 2023-2024
Walgreens Boots Alliance, Inc. (WBA) Stock Price, News, Quote & History - Yahoo Finance
Minooka Channahon Patch
My E Chart Elliot
Sound Of Freedom Showtimes Near Governor's Crossing Stadium 14
Canary im Test: Ein All-in-One Überwachungssystem? - HouseControllers
Missing 2023 Showtimes Near Cinemark West Springfield 15 And Xd
Ross Dress For Less Hiring Near Me
Collision Masters Fairbanks
Fully Enclosed IP20 Interface Modules To Ensure Safety In Industrial Environment
Wal-Mart 140 Supercenter Products
Rochester Ny Missed Connections
Texas (TX) Powerball - Winning Numbers & Results
Becky Hudson Free
Detroit Lions 50 50
Summoner Class Calamity Guide
Www Craigslist Com Phx
Costco Gas Foster City
Lazarillo De Tormes Summary and Study Guide | SuperSummary
Jbf Wichita Falls
Axe Throwing Milford Nh
Ruse For Crashing Family Reunions Crossword
Ppm Claims Amynta
Spn 520211
Encyclopaedia Metallum - WikiMili, The Best Wikipedia Reader
Koninklijk Theater Tuschinski
Soul Eater Resonance Wavelength Tier List
EVO Entertainment | Cinema. Bowling. Games.
Access a Shared Resource | Computing for Arts + Sciences
Healthy Kaiserpermanente Org Sign On
Gopher Carts Pensacola Beach
Askhistorians Book List
Lawrence Ks Police Scanner
Gus Floribama Shore Drugs
Baddies Only .Tv
Federal Student Aid
Retire Early Wsbtv.com Free Book
2008 Chevrolet Corvette for sale - Houston, TX - craigslist
KM to M (Kilometer to Meter) Converter, 1 km is 1000 m
Culver's of Whitewater, WI - W Main St
Traumasoft Butler
Thor Majestic 23A Floor Plan
Citizens Bank Park - Clio
Big Reactors Best Coolant
Eat Like A King Who's On A Budget Copypasta
Who uses the Fandom Wiki anymore?
Diamond Spikes Worth Aj
Craigslist Pets Lewiston Idaho
Metra Union Pacific West Schedule
Www.card-Data.com/Comerica Prepaid Balance
Latest Posts
Article information

Author: Francesca Jacobs Ret

Last Updated:

Views: 6174

Rating: 4.8 / 5 (48 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Francesca Jacobs Ret

Birthday: 1996-12-09

Address: Apt. 141 1406 Mitch Summit, New Teganshire, UT 82655-0699

Phone: +2296092334654

Job: Technology Architect

Hobby: Snowboarding, Scouting, Foreign language learning, Dowsing, Baton twirling, Sculpting, Cabaret

Introduction: My name is Francesca Jacobs Ret, I am a innocent, super, beautiful, charming, lucky, gentle, clever person who loves writing and wants to share my knowledge and understanding with you.