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 2014–June 2017), PDP generated an average of $3.2 million per year in indirect cost recovery for the University with an effective rate of return averaging 14.5%.
Cumulatively from FY 2003–2004 to FY 2016–2017, PDP:
- Generated approximately $43.3 million in Indirect Cost Recovery (ICR) with an effective rate of return of 14.6%.
- Received approximately $1,768,100 or 4.1% of the total ICR it produced for the University.
For the FY 2017–2018, PDP projects a similar ICR for the University.