5.0 Financial Sustainability
5.2 Indirect Cost Recovery
PDP has produced a substantial percentage of the total indirect cost received by the University. Over the past three fiscal years (FY July 2013–June 2016), PDP generated an average of $3.2 million per year in indirect cost recovery for the University with an effective rate of return averaging 14.1%.
Cumulatively from FY 2003–2004 to FY 2015–2016, PDP:
- Generated approximately $40 million in Indirect Cost Recovery (ICR) with an effective rate of return of 14.6%.
- Received approximately $1,376,000 or 3.7% of the total ICR it produced for the University.
For the FY 2016-2017, PDP projects a similar ICR for the University.