“Penn State’s research expenditures reach record $1.337 billion”

[BobPSU92]

See the link below. From the article:

”UNIVERSITY PARK, Pa. — Penn State’s total research expenditures reached a record high of $1.337 billion in fiscal year 2023-24, an 8% increase or $99 million jump from the previous year, bringing the research expenditures of external and internal funding to the largest total in the University’s history. For the first time in Penn State’s history, external funding from sponsored grants and contracts surpassed $1 billion — a nearly 11% increase over the last fiscal year.

This funding enables Penn State faculty, staff and students to push the boundaries of discovery, conduct cutting-edge research and drive innovation that positively impacts society, both locally and around the globe, while continuing to offer a world-class education to undergraduate and graduate students.

“As a land-grant institution, we are not only solving some of the world’s biggest problems; we are also cultivating the next generation of researchers to ensure that today's discoveries drive progress and ignite the imagination of tomorrow's pioneers,” Penn State President Neeli Bendapudi said. “I am deeply grateful for the incredible dedication and achievements of our faculty, students and staff, whose research advances our mission, empowers communities, and shapes the future of our shared global society.”“

Penn State’s research expenditures reach record $1.337 billion | Penn State University

Penn State’s total research expenditures reached a record high of $1.337 billion in fiscal year 2023-24, an 8% increase or $99 million jump from the previous year, bringing the research expenditures of external and internal funding to the largest total in the University’s history. For the first...

www.psu.edu

Solving or creating some of the world’s biggest problems?

 

[BobPSU92]

Franklin: “Only $60.25 million for the stadium. Now, $1.337 billion for research?! For f*ck’s sake.”

 

[SleepyLion]

Franklin: “Only $60.25 million for the stadium. Now, $1.337 billion for research?! For f*ck’s sake.”

If they could just internally fund research into a football stadium.

 

[GrimReaper]

 

[ApexLion]

We are owned.

 

[EricStratton-RushChairman]

I have mentioned this before, Dr. Eric Walker's vision for Main Campus was graduate students and research only. The reason branch campus system was developed was for all undergraduate education.

This mindset is why the BoT had no problem backstabbing JVP, the football program, and the entire undergraduate "culture" in general. They had to protect their primary concern which is research dollars.

Penn State is an R&D business, first and foremost... undergrad education is a necessary nuisance

 

[OaktonDave]

Penn State is an R&D business, first and foremost... undergrad education is a necessary nuisance

I think that can be said of many, if not most, major, highly rated universities. The "leading experts/researchers" on the faculty are often indifferent instructors, but are invaluable to the school because of the research dollars they bring in.

 

[EricStratton-RushChairman]

I think that can be said of many, if not most, major, highly rated universities. The "leading experts/researchers" on the faculty are often indifferent instructors, but are invaluable to the school because of the research dollars they bring in.

Two things, first only Penn State attempted to divest itself from undergraduate education. Second, look at the size of BoT/Regents of this institution when compared to other similar sized state/state related universities. Ours is 2-3 times larger. Purdue has 9, Michigan State has 8... we have 38. It is intentionally built to deposition any interest other than those invested in milking the R&D side of the university.

 

[BobPSU92]

Two things, first only Penn State attempted to divest itself from undergraduate education. Second, look at the size of BoT/Regents of this institution when compared to other similar sized state/state related universities. Ours is 2-3 times larger. Purdue has 9, Michigan State has 8... we have 38. It is intentionally built to deposition any interest other than those invested in milking the R&D side of the university.

But those undergraduate tuition dollars…

 

[GrimReaper]

I have mentioned this before, Dr. Eric Walker's vision for Main Campus was graduate students and research only. The reason branch campus system was developed was for all undergraduate education.

This mindset is why the BoT had no problem backstabbing JVP, the football program, and the entire undergraduate "culture" in general. They had to protect their primary concern which is research dollars.

Penn State is an R&D business, first and foremost... undergrad education is a necessary nuisance

Walker was President nearly 55 years ago. One would think that if a group had a goal it would have achieved it by now, or at least be closer than it was when it began. The BoT has turned over who knows how many times. As currently constituted, I don't see many members who appear to have a vested interest in a research enterprise..

 

[BobPSU92]

Walker was President nearly 55 years ago. One would think that if a group had a goal it would have achieved it by now, or at least be closer than it was when it began. The BoT has turned over who knows how many times. As currently constituted, I don't see many members who appear to have a vested interest in a research enterprise..

I think we all know where the controlling trustees’ interests lie.

 

[EricStratton-RushChairman]

Walker was President nearly 55 years ago. One would think that if a group had a goal it would have achieved it by now, or at least be closer than it was when it began. The BoT has turned over who knows how many times. As currently constituted, I don't see many members who appear to have a vested interest in a research enterprise..

There are 12 people alone representing Ag, Business, and Industry. When I was a student rep to the BoT in the mid 80's there was also representation from the AFL/CIO.

 

[GrimReaper]

There are 12 people alone representing Ag, Business, and Industry. When I was a student rep to the BoT in the mid 80's there was also representation from the AFL/CIO.

I don't see how the number of board members has anything to do with a school's mission or emphasis. Michigan has almost twice the research expenditures as PSU and has eight. Of nine odd state universities that have research expenditures exceeding those of PSU, seven have fewer trustees, ranging from 8-20. Two, ASWP and Maryland have more, 45 and 48 respectively.

 

[J.E.B]

That’s why these research universities are liberal and woke. They ain’t cutting off the hand that feeds them.

 

[ValleyForgeLion]

It is intentionally built to deposition any interest other than those invested in milking the R&D side of the university.

You misspelled 'multi-million dollar capital building projects' side of the university. Fixed it for you.