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Science for SaleThe Perils, Rewards, and Delusions of Campus Capitalism$
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Daniel S. Greenberg

Print publication date: 2007

Print ISBN-13: 9780226306254

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226306261.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 17 September 2021

Elusive Industrial Angels

Elusive Industrial Angels

(p.38) 2 Elusive Industrial Angels
Science for Sale
University of Chicago Press

This chapter examines the contribution of industry in the funding of universities in the U.S. It suggests that contrary to popular belief industry is a very minor participant in the financing of academic research. It explains that most of the money for higher education comes from federal agencies, endowment income, philanthropic foundations, tuition, private gifts, and state appropriations. The statistics for 2005 shows that universities spent $45.8 billion on research and development and only $2.3 billion of that amount came from industry.

Keywords:   university finance, industry, U.S., academic research, higher education, federal agencies, endowment income, philanthropic foundations, private gifts, state appropriations

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