December 4, 2015
|To:||Division Chiefs and Investigators|
|From:||Nasia Safdar, MD, PhD
Betty Weiss, MBA
|RE:||2016 Capital Exercise Process|
2016 Capital Exercise Announcement
The purpose of this memo is to provide you with lead time in order to plan on what capital equipment or other needs you will request through the Capital Exercise ("Cap Ex") process, and to alert you to changes in this year’s request process. Please note that newer investigators are especially encouraged to apply.
The Cap Ex process is a mechanism by which the School of Medicine and Public Health (SMPH) returns a portion of indirect costs on Federal Grants (mainly NIH) generated in the previous fiscal year ending June 30, to the Departments for the purpose of buying capital equipment, computers or supporting other research needs. SMPH mandates that Cap Ex funds must be expensed by June 30 of the current fiscal year.
The Department of Medicine (DOM) historically has distributed Cap Ex funds to faculty by an application process. The DOM Research Committee has determined that 50% of the funds will be returned to PIs with the remaining 50% placed in a competitive pool for allocation based on demonstrated need including junior faculty without extramural funding. Using this guideline, you will shortly receive your Cap Ex allotment (50% of what DOM received in your name).
We have simplified the Cap Ex process: 1) Cap Ex will be more flexible - specifically you will now be able to “claim” allotted funds at any time before June 1, 2015 (prior to the close of the current fiscal year). Please note that it is not feasible to “carry over” funds to be spent beyond this time. 2) The application is simple and quick - a PI can expect to receive up to 65% of their allotted Cap Ex funds. Those PIs requesting funds at or below their allotment need to submit a Cap Ex application with only a brief description of how you intend to use the funds (equipment still needs a quote), in accordance to SMPH guidelines. 3) You may pool your funds as needed with other investigators to support larger needs.
The Cap Ex application process:
- A DOM Cap Ex application must be submitted. Faculty not submitting a request will not receive funds.
- The application needs to identify the amount requested and provide a description of proposed uses. Quote are needed if over 5K and computers.
- Requests for up to 50% of allotted Cap Ex dollars can be expected to be funded. Requests that exceed this, whether from newer or funded investigators, will require a more detailed justification.
- Applications must be submitted to the Division/Center head/chief, who will prioritize the applications.
- The Division Head or administrator will forward the prioritized applications to Betty Weiss, Director of DOM Research Services by January 4, 2016.
- The DOM Research Committee then reviews applications for funding
Key deadlines and dates for the 2016 Cap Ex application process:
|Dec 29, 2015||Capital Exercise application deadline (submit applications to your Division/Center head/chief for ranking).|
|Jan 4, 2016||Division/Center head/chief submits ranked applications to Betty Weiss.|
|Jan 6, 2016||DOM Research Committee to review and prioritize.|
|Mid Jan||Notification to applicants of funding status.|
|June 1, 2016||Last day to complete Capital Exercise purchases.|
In assigning a rank priority, the DOM Research Committee considers seven areas, in no particular order, to prioritize the applications:
- Present year contributions to indirect funds.
- The value of the request to further scientific research.
- Advisory prioritization by Division/Center head/chief.
- Status as an investigator in the early career phase (with diminished start-up funds).
- Past and potential future productivity of the investigator(s).
- Probability of sustaining previous funding or generating new funding.
- Priority for shared equipment.
If an application is made for the general benefit of a division/center or DOM, rather than for a particular investigator or program, please note this on the application. Faculty members who have capital equipment needs for research but have not contributed indirect costs may submit requests. Newer investigators are encouraged to apply and will be given a priority bonus.
DOM deadlines noted above must be strictly observed. Late applications will not be considered. Funds not claimed will be redistributed.
Downloadable Capital Exercise application.