3.0 Financial Sustainability

3.2 Indirect Cost Recovery

PDP has produced a substantial percentage of the total indirect cost received by the University. Over the past five fiscal years (FY July 2019–June 2024), PDP generated an average of $2.97 million per year in Indirect Cost Recovery (ICR) for the University with an effective rate of return averaging 12.7%.

Cumulatively, from FY 2003–2004 to FY 2023–2024, PDP:

• generated approximately $65 million in ICR with an effective rate of return of 14%
• received approximately $30.6 million or 4.71% of the total ICR it produced for the University

For the FY 2024–2025, PDP projects a similar ICR for the University.