UNIVERSITY PARK, Pa. — Penn State’s research expenditures reached a record high of $863 million for the 2016-2017 fiscal year, an increase of $27 million, according to Vice President for Research Neil Sharkey. The total included $534 million in federal funds, and $329 million from a combination of private funders, the Commonwealth, and University sources.
Increases in funding from nonfederal sources played a lead role in reaching the record-breaking total, Sharkey said.
“The federal funding environment remains flat,” he said. “We are holding steady with a slight increase, and continue to garner over 60 percent of our expenditures from federal sources. But, in addition, we have strengthened our efforts in working with the private sector and the Commonwealth, and that effort appears to be paying off.”