UH breaks extramural funding record for 3rd consecutive year with $615.7M in FY 2024
News Release from UH, Aug 12, 2024
The University of Hawaiʻi set another extramural funding record with $615.7 million in fiscal year 2024 (FY 2024). This marks the third consecutive year that UH has topped half a billion dollars in funding with a record-setting total that is a $99.8 million or a 19.3% increase over UH’s previous record of $515.9 million set in FY 2023.
Extramural funding is external investments from external agencies such as the federal government, industry and non-profit organizations that support research and training activities conducted by university faculty and staff. Extramural projects support research and innovation that helps to increase the knowledge base and provide solutions that impact the quality of life across Hawaiʻi and beyond.
“Setting back-to-back-to-back records in extramural funding is truly an impressive achievement for the University of Hawaiʻi and our state,” said UH Vice President for Research and Innovation Vassilis L. Syrmos. “Our faculty, staff and students have once again answered the call with their hard work and dedication to grow the UH research enterprise, and at the same time, helping us to serve as a major contributor to Hawaiʻi’s economy.”
Syrmos noted that UH research expenditures contribute to Hawaiʻi’s economy through business sales, employee earnings, state tax revenue and job creation; and serves as the main component in the diversification of the state’s economy.
Based on the findings of a 2021 economic impact report published by the UH Economic Research Organization, $615 million in extramural funding is estimated to generate $947 million in total business sales, $434 million in employee earnings and $53 million in state tax revenue, and is currently supporting over 10,000 jobs (UH and RCUH employees)
“This steadily increasing investment in UH by external organizations, now totaling well over $1.5 billion dollars in the past three years, demonstrates global recognition of the greatness of Hawaiʻi’s public higher education system,” said UH President David Lassner. “Every one of these dollars is a testament to the intellectual capacity and capability of our entire UH community to address the challenges and opportunities facing Hawaiʻi and our planet.”
UH Mānoa, UH’s flagship university, led the extramural award amounts this year with $464.9 million. The UH System brought in $71.2 million, UH Community Colleges totaled $51.1 million, UH Hilo received $22.6 million and UH West Oʻahu totaled $5.9 million.
“State appropriations provide a foundation for the strong research enterprise that allows us to bring in even more resources, enabling us to do so much more for Hawaiʻi than we could do with General Funds and tuition alone,” said Lassner.
Examples of UH programs that attracted the attention of funders:
Syrmos added that more than $80 million in awards received from the federal government, which have significant impacts to the state and the nation, were secured through the close coordination between UH and Hawai‘i’s congressional delegation, which includes U.S. Senators Brian Schatz and Mazie Hirono and U.S. Representatives Ed Case and Jill Tokuda.
read … FULL REPORT
CB: UH Gets $615 Million In Funding For Research And Training
SA: Awards to fund University of Hawaii research soar by $100 million