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Research Strategic Plan

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Appendix

Part A

New faculty recruitment (analysis of investment and income)

Goal:

  1. To increase our sponsored programs income by more than $18.8 million (plus F&A) a year for two years.

Premises:

  1. See Table 1 (PDF) and Table 2 (PDF).
  2. Newly recruited faculty grant income will be based on an RO-1 cost of $250,000 plus 48 percent F&A for investigators who apply for federal government grants. In addition, all newly recruited faculty are expected to have grant income from centers, institutes and program projects at the rate of $75,000 for full professors, $50,000 for associate professors and $25,000 for assistant professors. Table 1 (PDF)
  3. “Academic units” of six—one full professor, two associate professors and three assistant professors—will be recruited. We will recruit 60 new investigators and 30 new scholars who will access foundations, special funds and other sources and will determine their unit costs as shown in Table 2 (PDF).
  4. Attrition rates: For each 10 recruits we assume that two will lose their grants and two presently appointed investigators will depart or retire from UofL and his or her income will be replaced by new faculty. The same will apply for scholars.
  5. Recruitement costs are set at $600,000 for each new science researcher and an average of $13,000 for each new scholar. (See Table 1 (PDF) and Table 2 (PDF)).
The tables indicate the return on investment for recruiting 15 academic units (10 research and five scholar units) in the next five years (the model assumes all units are recruited the first two years).
Part B

Present and future funding (see Charts 1-3 with and without 3 prcent increase)

  1. We now have:
    1. Federal research grant and contracts: $74.3 million
    2. Non-federal research grants and contracts: $34 million
    3. Other grants and contracts: $70 million
    4. Total: $178.3 million
  2. The model proposed on Table 1 and 2 and charts 1-3 (with and without 3 percent increments) should take us from $74.3 million as of June 2006* to a minimum of $92 million from federal research grant and contracts within a year and to a minimum of $111.3 million in two years. (50 percent increase)
  3. Presuming that only federal research grant and contracts bring full F&A, our total grant income would be an additional $52.9 million in F&A ($111.3 million x 0.48). Thus total federal research grants and contracts income would be $111.3 million + 53.4 million = $164.7 million.
  4. If we achieve a similar rise in non-federal research grants and contracts, that income would increase from $34 million to $51 million.
  5. If we achieve a similar rise in other grants and contracts, that income would increase from $70 million to $105 million.
  6. Total direct grants and contract income would be $267.3 million.
  7. If we assume an average 10 percent F&A income on 1. b and 1. c there would be an additional $15.6 million income.
  8. All sponsored program income including F&A would be $164.7 million + $51 million + $105 million + $15.6 million, so all sponsored program income would be $336.3 million a year in or before 2012.

* Through April 2007 we have received $70 million.

Part C
Construction Plan and Income-Expense Balance: Wet and Dry laboratories and teaching space
Year Size Cost
2008 Begin construction of 192,000 ft2 of space at an average of $300 $57.6 million
2009 Nothing
2010 Nothing
2011 Begin construction of 192,000 ft2 of space at an average of $400 $86.4 million
2012 Nothing
2013 Begin construction of 211,000 ft2 of space at an average of $500 $105.5 million
TOTALS: 575,000 ft2 $248.5 million

Assuming 80 percent (of 384,000 ft2) efficiency for two buildings, this will provide at least 307,200 ft2 of usable laboratory space. If 20 percent (61,440 ft2) is used for offices, class, conference and meeting rooms this will leave large spaces for the 120 new researchers and 60 scholars for an equal number of post-doctoral fellows, students and visiting scientists.

Specialized equipment and replacement of obsolete equipment will cost $3 million over the five year period.

Total expenses (five years):
Building (two) ($144 million)
Debt service ($3 million/yr) $15 million
Recruitment (60+30 = $36,390,000) x 2 $72.8 million
Equipment $4.4 million
Average Salaries for Scholars
30 x $70,000 x 5 x 2 		$21 million
Average Salaries for Researchers
60 x $130,000 x 5 x 2 		$78 million
Additional positions for research
Support: 10 x $55,000 x 5 x 2 		$5.5 million
TOTAL (expenses/investments) $196.7 million

*Five-year research grant income = $93.6 million;

Five year(48 percent) = $45 million;

Five year scholar grant income = $6.9 million;

Five-year (10 percent) = $687,500

Total five-year grant and contracts and F&A income $146.3 million (x2) = $282.6 million

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