Managing Research Funding Loss: The Grant Watch List
The Grant Watch List aims to proactively manage potential research funding losses in the current NIH environment. This cooperative effort involves monitoring pending applications, assessing the financial status of Principal Investigators (PIs), and identifying those facing significant funding reductions. The process includes regular reporting, departmental feedback, and strategic planning to mitigate the impact of funding losses on ongoing projects. By ensuring that budgets and expenses are carefully monitored, we can proactively address challenges and ensure continued research viability.
Managing Research Funding Loss: The Grant Watch List
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Presentation Transcript
The Grant Watch List Goal: To ensure, in the current NIH environment, that we plan appropriately for the loss of research funding.
Cooperative Effort • Lucy and Luna • SPA • SPF
SPA • List of pending applications by PI • ? Knowledge of status
Finance • List of PI’s who: • Are Loosing >50% of their grants in next 5 months. • The loss >$15k • No knowledge of new\continuing award
The ?’s • Was this loss budgeted? • What’s the plan to cover the expenses post the end date? • Transfer to other grants • Transfer to discretionary • Bridging • Shedding of expense
The Process • Report Distribution on the 15th of each month: • The SPA report, and the Finance report (or 1 combined?) • Departmental Feedback on applications by the 1st of the following month. • Department and Finance review plans by the 7th of the following month. • Finance Coordinator: Marybeth Rudofski, 36280
Department: Department A Draft Proposed 1st Yr Budget FAME Chart Project Title Sponsor From To Current Budget Term_5 Mos Pending Application Current Status SPA # PI Name: A 12345 A Drosophila Model of Barth Syndrome Barth Syndrome Foundation 4/1/2005 3/31/2007 $40,000.00 ($40,000.00) No Pathogenetic Mechanisms and genetic Suppression of Barth Syndrome Barth Syndrome Foundation 4/1/2007 3/31/2008 Yes (New) 07-0205 $40,000.00 Totals for : A $40,000.00 ($40,000.00) $40,000.00 PI Name: B 56789 Proteome of Pancreatic Zymogene Granules NIH/NIDDK 5/1/2006 4/30/2007 $165,029.00 ($165,029.00) No Proteome of Pituitary Secretary Granules Yes (New) 06-0705 $308,205.00 NIH 4/1/2005 5/31/2007 Totals for : B $165,029.00 ($165,029.00) $308,205.00
