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 2020–June 2023), PDP generated an average of $2.8 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 2022–2023, PDP:

• generated approximately $59.2 million in ICR with an effective rate of return of 13%
• received approximately $2,879,070 or 4.86% of the total ICR it produced for the University

For the FY 2023–2024, PDP projects a similar ICR for the University.