Provost's Investment Fund Reports
The Office of the Provost asks that each funded project deliver a short final report at the end of its funding period. Multi-year requests are required to submit annual progress reports at the end of each fiscal year. The report should contain the following components:
- The actual versus expected outcomes, including strategic impacts and how they were measured.
- How the funding was used, including project funding from other sources.
- Planned next steps or future work, including the sustainability of the project beyond the Provost's Investment Fund (PIF) investment.
- Include a justification and a plan for the use of funds if requesting a project extension and/or to carry forward a fund balance.
The reports may be shared with the Provost Leadership Team, Provost’s Council, Deans' Council, President’s Senior Leadership Team, and will be included in our PIF Annual Report.
The Office of the Provost will issue an annual report that describes the amount collected through the Strategic Investment for a given fiscal year, the number of funding requests received and the number funded for each submission window, the amount expended from the Fund, a description of the projects and programs funded, and the amount received by each unit. The annual report of the Provost’s Investment Fund will be communicated through various internal channels and posted on the Office of the Provost’s website.
FY2021 PIF Reports was due July 30, 2021.
Fiscal Year 2021 PIF Report
In Fiscal Year 2020-2021, the Office of the Provost received an allocation for $18,290,667 from the Responsibility Centered Management (RCM) budget model to fund the Provost’s Investment Fund (PIF). The Office of the Provost provided additional funding to PIF where a total of $22,499,160 was committed to the colleges and units.
Spring 2021 PIF Report
We received 98 amazing proposals, for a total of approximately $14.4M in funds. The proposals were evaluated by three advisory committees consisting of diverse students, faculty and staff. The Office of the Provost funds eleven (11) of the proposals submitted, representing approximately $1.58M over two years. Additional funding was provided from the Federal CARES Act allocation set-aside for Hispanic Serving Institutions (HSI) to fund five (5) proposals for over $775,000.
Fiscal Year 2020 PIF Report
In Fiscal Year 2019/2020, PIF received an allocation for $17,721,982 from the Responsibility Centered Management (RCM) budget model. A total of $23,797,313 was committed to the colleges and units, in which $19,500,225 was allocated to operational initiatives and $4,297,088 was for strategic initiatives awarded through competitive submissions. From these commitments, over $22 million was transferred from PIF to colleges and units across campus to support various programs and initiatives.
Spring 2020 PIF Report
We received 68 proposals, requesting approximately $9.8M in funds. From the 68 proposals submitted: 55 were new submissions and 13 were re-submissions, with 60% led by males and 40% led by females. The total investment made $397,407.
Fall 2019 PIF Report
On September 5th, 2019 the Office of the Provost issued a campus-wide call for proposals to the Provost Investment Fund (PIF). When the submission window closed on October 1st, 2019, we had received 86 proposals from campus colleagues, requesting approximately $12.5M in funds over a 3-year investment window. The Office of the Provost funds twelve (12) of the proposals submitted, representing approximately $1.6M over three years. These investments will launch or underpin proposals in ten (10) units across campus.
Spring 2019 PIF Report
In Spring 2019, 37 proposals were submitted asking for approximately $50M in funds over a 3-year investment cycle with nine of those approved for a total amount of $5,489,142 after review by an advisory committee and the provost.