2011 Florida State University Research Foundation Florida State University Research Foundation

2011 Direct Support Organizations operate exclusively to provide the University with additional resources from private gifts & bequests, - in the case of the Direct Support Organizations operate exclusively to provide the University with additional resources from private gifts & bequests, - in the case of the RESEARCH FOUNDATION, We provide additional resources from income resulting from patents, copyrights and commercial proceeds. Direct Support Organizations

2011 Introduction to FSU Research Foundation* Established September 1993 as a Direct-Support Organization Established September 1993 as a Direct-Support Organization –Must operate in a manner consistent with the goals of the University and the interests of the State of Florida and the IRS

2011 Not-for-Profit 501( c)(3) Operate for certain exclusive purpose (charitable, religious, educational, etc.) Operate for certain exclusive purpose (charitable, religious, educational, etc.) Cannot engage in activities outside the exempt purpose Cannot engage in activities outside the exempt purpose No part of net earnings may inure to the benefit of private individuals No part of net earnings may inure to the benefit of private individuals

2011 Goals of Research Foundation Promote, encourage and assist faculty in obtaining private contract and grant funding Promote, encourage and assist faculty in obtaining private contract and grant funding Facilitate technology transfer and manage Intellectual Property assets Facilitate technology transfer and manage Intellectual Property assets Develop an infrastructure which supports research activities Develop an infrastructure which supports research activities

2011 Grant Proposal/Award Process The proposal preparation process will follow the regular FSU Office of Research proposal policies and procedures. The proposal preparation process will follow the regular FSU Office of Research proposal policies and procedures. The contracts are in agreement between the sponsor and the Research Foundation The contracts are in agreement between the sponsor and the Research Foundation The original contract/grant will be maintained at the Research Foundation The original contract/grant will be maintained at the Research Foundation

2011 Manage Several Buildings Innovation Park Innovation Park –Buildings A & B –Johnson –Sliger –Shaw –Materials Research Building 3000 & 3200 Commonwealth 3000 & 3200 Commonwealth Facility for Arts Research Facility for Arts Research

2011 The Research Foundation is also able to Provide a layer of insulation for the University with respect to product liabilities and grant activities Provide a layer of insulation for the University with respect to product liabilities and grant activities Agree to less stringent terms and conditions in contracts Agree to less stringent terms and conditions in contracts Acquire equity in companies Acquire equity in companies

2011 FSU Research Foundation “Spending Flexibility” Most Expenditures are NOT required to meet the standards of OMB circulars or the requirements of FSU Purchasing rules - although they are subject to the restrictions of the private grantor, good business practices, and must further research at Florida State University. Most Expenditures are NOT required to meet the standards of OMB circulars or the requirements of FSU Purchasing rules - although they are subject to the restrictions of the private grantor, good business practices, and must further research at Florida State University.

2011 NameTitlePhoneResponsibility Holly Newell Director Manages Internal Accounts & Activity Amy Starkey Assistant Director Investments & Royalties Cathy Flynn Dept’l Acctg Associate Monthly Reports Margaret Steele Dept’l Acctg Associate Payment Requests and Disbursements Gena Goodwin Grants Compliance Analyst Proposals, Contract Negotiation, and Financial Reporting of Grants Charlotte Maxey Grants Compliance Analyst Financial Reporting of Grants Tracie Blackwood Grants Compliance Analyst Proposals and Contract Negotiation

FSURF Administrative Offices: 2000 Levy Avenue, Suite 351 Building A Campus Mail Code: