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Florida State University

Research Foundation

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Direct Support Organizations operate exclusively to provide the

University with additional resources from private gifts & bequests, - in the

case of the

RESEARCH FOUNDATION,

We provide additional resources from income resulting from patents,

copyrights and commercial proceeds.

Direct Support Organizations

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Introduction to FSU Research Foundation*

Established September 1993 as a Direct-Support Organization

– Must operate in a manner consistent with the goals of the University and the interests of the State of Florida and the IRS

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Not-for-Profit 501( c)(3)

Operate for certain exclusive purpose (charitable, religious, educational, etc.)

Cannot engage in activities outside the exempt purpose

No part of net earnings may inure to the benefit of private individuals

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Goals of Research Foundation

Promote, encourage and assist faculty in obtaining private contract and grant funding

Facilitate technology transfer and manage Intellectual Property assets

Develop an infrastructure which supports research activities

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The Research Foundation is also able to

Provide a layer of insulation for the University with respect to product liabilities and grant activities

Agree to less stringent terms and conditions in contracts

Acquire equity in companies

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Grant Proposal/Award Process

The proposal preparation process will follow the regular FSU Office of Research proposal policies and procedures.

The contracts are an agreement between the sponsor and the Research Foundation

The original contract/grant will be maintained at the Research Foundation

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Manage Several Buildings Innovation Park

–Buildings A & B– Johnson–Sliger–Shaw–Materials Research Building–AME

3200 Commonwealth

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FSU Research Foundation“Spending Flexibility”

Most Expenditures are NOT required to meet the standards of OMB circulars or the requirements of FSU Purchasing rules - although they are subject to the restrictions of the private grantor, good business practices, and must further research at Florida State University.

Types of Expenses FSU Sponsored Research FSU Research Foundation

Budgeting/ Rebudgeting

Allowed unless restricted by sponsor, provided expense is allowable under OMB A-21

Guidelines

No restrictions or limitations imposed by Research Foundation

Catering/ Refreshments - Institutional Meetings

Allowed only when specifically approved by sponsor

Allowed unless sponsor's guidelines specifically preclude

Entertaining Visiting Dignitaries

Not AllowedAllowed unless sponsor's guidelines specifically

preclude

Indirect-CostFull rate applicable to all projects, unless limited by sponsor's policy

Projects under $10K exempt

Professional Memberships

Allowed only when specifically approved by sponsor plus

FSU/ State Procedures Apply

Allowed unless sponsor's guidelines specifically preclude

Payment Processing (Checks)

FSU/ State Processes Apply (10-day+ turnaround)

Checks written in-house (5-day turnaround)

Purchasing - Supplies and Equipment

FSU Procedures ApplyPrincipal Investigator acts as own purchasing

agent (no bidding required)

Travel and Related Expenses

FSU Procedures ApplyPrincipal Investigator acts as own purchasing

agent (no bidding required)

Meals at actual cost, incl. gratuity up to 20%

Not AllowedAllowed w/ special approval unless sponsor's

guidelines specifically preclude

Portage/ GratuitiesAllowed subject to limitations of

FSU/ State travel policyAllowed unless sponsor's guidelines specifically

preclude

EXAMPLES OF RESEARCH FOUNDATION FLEXIBILITY

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Name Title Phone Responsibility

Holly Newell Director 4-8138 Manages Internal Accounts & Activity

Amy Starkey Assistant Director

4-3985 Investments & Royalties

Cathy Flynn Dept’l Acctg Associate

4-3989 Monthly Reports

Alexander Priest

Dept’l Acctg Associate

4-8650 Payment Requests and Disbursements

Gena Goodwin

Grants Compliance Analyst

4-3983 Proposals, Contract Negotiation, and Financial Reporting of Grants

Kristin Auter Grants Compliance Analyst

4-2130 Financial Reporting of Grants

Tracie Blackwood

Grants Compliance Analyst

4-3981 Proposals and Contract Negotiation

FSURF Administrative Offices:

2000 Levy Avenue, Suite 351

Building A

Campus Mail Code: 2744

http://www.research.fsu.edu/foundation/index.html