title: Capital investment for the future of biomedical research: a university chief financial officer's view.
abstract: The author explores the subject of capital needs in university biomedical research. Three main topics are covered: the universities' need for capital (which is great and growing fast); the sources of capital for universities (private donations, state and federal governments, institutional funds, and debt); and a review of federal policy, to determine whether the federal government is part of the problem of meeting universities' capital needs or part of the solution. For each topic, important assumptions, questions, and possible future trends and dangers are reviewed. The author calls for the university research community to face the difficult issues he has raised and consolidate their thinking in order to avoid potential dangers and to ensure the health of university science into the 21st century.
authors.affiliation: Stanford University, California 94305.
authors.forename: W F
authors.initials: WF
authors.lastname: Massy
mesh_terms: D002201:Capital Expenditures / Q000191:economics*; D002202:Capital Financing / Q000191:economics / Q000639:trends*; D004467:Economics / Q000191:economics*; D005376:Financial Management / Q000639:trends*; D011640:Public Policy; D012109:Research Support as Topic / Q000191:economics* / Q000331:legislation & jurisprudence; D014481:United States; D014495:Universities / Q000191:economics