Quick explainer on university indirect costs, with the news that NIH is capping rates at 15% (https://lnkd.in/e7Q6rDyx). For every $100 of grant funding, a typical university divvies it up roughly: $46 for researcher salaries $16 for researcher benefits (insurance, retirement) $13 for departmental administrative costs (ops, admins, finance, proposals, IT) $13 for central administrative costs (HR, grant administration, central finance, central IT, research security/compliance, patents) $12 for facilities (rent/depreciation, maintenance, labs) Of course every university is a little different, depending on how they align different functions, but hopefully you get the idea. Under the 15% cap on indirect, the $38 for F&A costs is capped at $10, saving NIH $28 out of every $100 in grant funding. Universities are now faced with fitting $38 in costs into $10 in budgets. They can probably save $3 through efficiencies (layoffs) but the mountain of federal compliance regulations make it difficult to do much more. They’re also still beholden to OMB Uniform Guidance (https://lnkd.in/eUTx4_ZS). A typical R1 land grant with a medical school doing $250M/year in NIH research expenditures and 30,000 students could increase tuition by 7% to cover the costs. Possible, but likely unpopular. A rockstar private university doing $500M/year in NIH research expenditures could dedicate the interest on $2B of their endowment to cover the costs. Possible, but donors typically like to give to student causes, not subsidizing administrative costs. Lastly, we could see a pivot in cost accounting, with labs creating service centers, capturing all the local costs (departmental administrative, facilities) and spreading it across grants as a direct cost. Some large university research centers do this today already. It could provide more transparency on black box indirect costs to funders, while also forcing more university efficiencies. Indirect costs are a balloon. Squeeze in one spot and they expand somewhere else. Grants from foundations can get away with 15% indirect caps not because the costs aren’t real, but because NIH is essentially subsidizing the foundations’ share of indirect costs. To shrink the balloon, you’ve got to look at restructuring the compliance/regulatory regime that has caused the number of university administrative staff to skyrocket, tighten up cost accounting audits so indirect costs are not being used for things like instructional costs, invest in national user facilities so not every university needs to build the same expensive shiny lab, and get philanthropy to pay their fair share of indirect costs.
Ancora L&G
房地产
Washington，District of Columbia 1,987 位关注者
Ancora L&G acquires, develops, operates, and invests in real asset solutions with leading U.S. anchor institutions.
关于我们
Ancora L&G is a vertically integrated investment manager, developer, and operator of life sciences and technology real estate that supports the research and economic development missions of anchor institutions in the U.S.
- 网站
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https://www.ancora.re
Ancora L&G的外部链接
- 所属行业
- 房地产
- 规模
- 11-50 人
- 总部
- Washington，District of Columbia
- 类型
- 私人持股
- 创立
- 2019
- 领域
- Innovation Districts、Anchor Institutions、Development和Real Estate
地点
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主要
获取路线
1625 Eye St NW
US，District of Columbia，Washington，20005
Ancora L&G员工
动态
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Providence’s Jewelry District is evolving into a dynamic hub for research, innovation, and entrepreneurship—thanks in part to investments like Ocean State Labs, Rhode Island’s first full-service life sciences incubator and PVD Labs. The Ancora L&G Team celebrated the announcement alongside our partners at the RI Life Science Hub, the 195 District, Brown University, and the State of Rhode Island earlier this week. For academics and researchers, this facility represents a critical link in the innovation ecosystem, bridging the gap between discovery and commercialization. With state-of-the-art lab space and proximity to institutions like Brown University, Lifespan, the University of Rhode Island, and the Rhode Island State Health Lab, the incubator offers: ·??????Infrastructure to reduce the risks of early-stage ventures ·??????Opportunities for collaboration between startups, faculty, and strategic industry partners ·??????A pathway to retain talent and foster entrepreneurial research ·??????Support the State’s economic development efforts to become a leader in the life science sector As President Christina Paxson of Brown University emphasized: “It’s not just about the buildings — it’s about what happens inside them that really matters.” Ocean State Labs will provide space to catalyze discoveries, translating academic research into transformative ventures that drive economic and social impact. This is not just an investment in space; it’s an investment in a thriving ecosystem. #LifeSciences #AcademicInnovation #ResearchToMarket #Innovation #MissionDriven
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We're honored to support the work of important organizations like the Council on Competitiveness, which brings together leaders from academia, business, labor, and the national labs to champion a nonpartisan action agenda that fuels #entrepreneurship and spurs the #commercialization of new ideas. Our CEO, Josh Parker, serves on the National Commission on Innovation and Competitiveness Frontiers. He recently moderated a panel with Bernard Arulanandam, Elizabeth Cantwell, Taylor Eighmy, Mike Freeman on the future of #placemaking #innovation - something we care deeply about - at the National Competitiveness Forum in Washington. In 2025, the Council will continue hosting Competitiveness Conversations across the U.S. to uncover and amplify best and next practices to expand the number of individuals and communities actively engaged in the U.S. innovation economy, exploring topics ranging from AI and quantum, to the convergence of health and IT, to the growth of the green and blue economy, to the future of fusion, to the industrialization of "agile space.” — ?Deborah L. Wince-Smith Chad Evans
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Ancora L&G转发了
??Exciting news for Rhode Island’s life sciences ecosystem! The Rhode Island Life Science Hub finalized a historic agreement with Ancora L&G today to create 'Ocean State Labs', a cutting-edge biotech and life science incubator in Providence’s 195 District. ???? With support from Brown University and the 195 District, the incubator will provide crucial infrastructure for early-stage life science companies, fueling innovation and helping bring groundbreaking discoveries to the marketplace. This is a major step forward in positioning Rhode Island as a hub for life science innovation! ???? ??Visit RILifeScience.com for more information.
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Ancora L&G转发了
Our London-based colleague and Ancora L&G board member, Wes Erlam recently sat down with Bisnow to talk about Legal & General's plans to accelerate #commercialrealestate investment in the U.S. and how our investment thesis is focused on partnering with the right types of #anchorinstitutions. Legal & General Capital Josh Parker Gareth Mee Chris Jewel-Clark, FCA https://lnkd.in/eV-zh5dR
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Our London-based colleague and Ancora L&G board member, Wes Erlam recently sat down with Bisnow to talk about Legal & General's plans to accelerate #commercialrealestate investment in the U.S. and how our investment thesis is focused on partnering with the right types of #anchorinstitutions. Legal & General Capital Josh Parker Gareth Mee Chris Jewel-Clark, FCA https://lnkd.in/eV-zh5dR
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Ancora L&G转发了
We are growing innovation ecosystems through joint ventures with specialist operators, research institutions and public partners. Our UK partnerships include Bruntwood SciTech, University of Oxford Development and Newcastle Helix, and in the U.S. we formed Ancora L&G. Recent research from CBRE highlights the increasing growth of the U.S. life sciences real estate sector, revealing that favourable trends are expected to drive further growth and new interest in this real estate sector, illustrating the resilience of the sector based on its structural growth drivers and its attractiveness as a top alternatives asset class. We believe that bringing together Life Sciences alongside adjacent sectors including technology and R&D, to form innovation ecosystems, acts as a catalyst for growth due to the nature of the occupiers in these spaces and the alignment to key megatrends re-shaping the global economy and the investment landscape. This approach has been central to our asset origination strategy, creating productive investments that help support growing the economy. Find out more about creating innovation ecosystems and our U.S. partnership, Ancora L&G here: https://www.ancora.re/ For professional clients only. Capital at risk.
Life Sciences in the UK
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Ancora L&G转发了
Josh Parker, Chairman and CEO, Ancora L&G, USA, is enlightening us at the Delphi Economic Forum IX. #delphiforum
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Ancora L&G转发了
This week we celebrated the topping off of 150 Richmond, a key component of Providence's life science cluster. The project includes over 120,000 SF of wet lab and support space for private companies, as well as over 80,000 SF for a new Rhode Island State Health Lab. The building will play a critical role in allowing life science companies to both put down roots and expand here in Rhode Island. Congratulations to our development partner Ancora, and to the many city, state, and federal officials who played major roles in bringing this project to fruition. Our Chairman Marc Crisafulli and Executive Director Caroline Skuncik are pictured below during the ceremonial signing of the beam.
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