MAST Center
Financial Operations
The
MAST Center is a sponsor financed and sponsor-directed organization.
We are a Multi-University Research Center as defined by the National
Science Foundation, with center sites at the University of Colorado
and other affiliated Universities. The guiding principles of our
financial stewardship are:
- Sponsor
fees go directly to support research. We are proud of the
cost-effective manner in which the Center is operated. Efficient
Center administration enables us to maximize the use of sponsor
fees for support of the Center research program.
- Compared
to corporate or institutional research, our cooperative research
costs far less. Because we are an NSF I/U CRC, our annual
sponsor fee of $50,000 is assessed a special, very low 6% overhead
rate that enables us to fund each research project at $40,000
per year. At the usual, full university overhead rate of 50%,
approximately $60,000 per year of funding would be required to
generate $40,000 per year of project support.
- Sponsors
share in the results of multiple projects.
- The
Center has a history of dedicated financial stewardship and balanced
budgets since inception. This assures sponsors of project
funding to completion and the ultimate financial health of the
Center.
Now
that you have seen how we operate financially, take the next step:
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