Released funds are
defined as the salary portion of university-budgeted faculty academic
year compensation which remains unobligated at the end of a University
fiscal year as the result of partial/full support from a sponsored award
providing full University on- or off-campus indirect costs and fringe
The following conditions
must be met in order for the funds to be released:
- Funds to support
the salary must have been included in the University appropriated budget.
- The sponsored award
must provide full University on- or off-campus indirect costs and fringe
- Salaries of research
faculty, visiting faculty, post-doctoral fellows, etc., as well as exempt
and non-exempt staff, are not available for release.
- Salary and fringe
benefits for replacement faculty to handle teaching or other Institutional
responsibilities must first be covered by unobligated University budgeted
faculty academic year salary.
- Only University
General Operating Funds may be released, not funds obtained from endowment,
gift, or other similar restricted funds.
- Only salary funds
may be released, not related fringe benefits.
- All of the funds
to be released must be available at the time of release.
Use of released funds.
Released funds should be used to support the research enterprise. Examples
include but are not limited to:
- Non-recurring costs,
such as purchase of equipment, travel to professional meetings, fees
for visiting lecturers, etc.
- Bridging support
for graduate students, postdoctoral fellows, etc., when there is a temporary
hiatus in sponsored project funding.
- Supplemental research
quarter salary to make up the difference between the NIH salary cap
and a faculty member's actual salary for effort committed on NIH grants.
- Stipend supplement
with no work requirement for an NRSA pre or postdoctoral fellow.
- Fringe benefits
for postdoctoral fellows supported on sponsored projects that do not
provide fringe benefits.
- Recurring costs,
generally not allowable as direct costs on federally sponsored programs,
such as clerical and administrative salaries.
Deviations from the
above policy require the approval of the Vice President for Research.