$1.0M in expenses

Sponsored research and other educational/service activities developed and administered on behalf of faculty and staff of the university of memphis totaled 9 active program service projects funded by 2 unique sponsors, and the administration of several patents.the research foundation provides the following benefits for the university:1. Faculty and staff may apply for grants from sponsors whose eligibility criteria requires a 501(c)(3) organization.2. Faculty and staff may contract with sponsors that cannot accept TN laws (required for university contracts).3. For non-cost reimbursable program services funded by multiple sponsors, the research foundation maintains the accounting by sponsor which reduces the administrative burden on university accounting staff.