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 2018–June 2021), PDP generated an average of $3.3 million per year in Indirect Cost Recovery (ICR) for the University with an effective rate of return averaging 14.2%.

Cumulatively, from FY 2003–2004 to FY
2020–2021, PDP:

• generated approximately $56.6 million in ICR with an effective rate of return of 14.5%.
• received approximately $2,523,000 or 4.5% of the total ICR it produced for the University.

For the FY 2021–2022, PDP projects a similar ICR for the University.