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Funding of Basic Science: The Special Role of Philanthropy

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February 20 | 4:00 pm - 5:00 pm

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Marc Kastner will present the Department of Physics’ 2017 Sayers Lecture. Federal funding of research and development at higher education institutions has fallen by about 11 percent since 2011, representing the longest multiyear decline in federal funding for academic R&D since data collection began in 1972. What the government calls basic research has ostensibly done better than R&D as a whole, yet most scientists will tell you that agencies are demanding that research be more applied or translational. Philanthropy cannot fill the gap in federal funding, but there are things philanthropists can do that government finds difficult. Kastner will discuss the trends in federal and philanthropic support for science, which led to the formation of the Science Philanthropy Alliance, and explain the mission and strategy of the Alliance and its progress to date.

Kastner is president of the Science Philanthropy Alliance, a coalition of leading nonprofit institutions and foundations dedicated to increasing financial support for basic science research. Prior to leading the Alliance, Kastner had a long career in a variety of senior positions at the Massachusetts Institute of Technology, including dean of science.

A tea in the Riddick Hearth will precede the event at 3:30 p.m.

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Date
February 20
Time
4:00 pm - 5:00 pm
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Location
301 Riddick Hall
Riddick Hall
Raleigh, NC United States

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