GOAL 3.2.1: DESIGN AND IMPLEMENT SUSTAINABLE FUNDING MODEL FOR N.C. PSI

KEY INITIATIVES

Key Initiative 1: Identify future budget needs for N.C. PSI operations, thereby informing sustainable fund development and revenue generation targets

Key Initiative 2: Develop a process for identifying and monitoring N.C. PSI capacity across project support services, including technology, data storage, physical space, programming, pre-award and ongoing project management

Key Initiative 3: In coordination with university leadership, implement and monitor F&A criteria for N.C. PSI and other university interdisciplinary activities

Key Initiative 4: Identify target units within N.C. PSI that provide an opportunity to achieve cost recovery, establish a pilot cost recovery model for shared positions and define cost recovery targets, eventually expanding the cost recovery model to all relevant N.C. PSI units

Key Initiative 5: Establish seed funding programs in coordination with relevant N.C. PSI platforms that help to incubate new ideas or bridge key gaps where funding isn’t available or easily accessible

GOAL 3.2.2: ESTABLISH PHILANTHROPIC OPPORTUNITIES FOR EXTERNAL PARTNERS TO SCALE THE FUTURE IMPACT OF N.C. PSI PROGRAMS AND SERVICES

KEY INITIATIVES

Key Initiative 1: In coordination with CALS Advancement, utilize N.C. PSI strategic priorities, goals and key initiatives as basis for driving future development strategies and philanthropic pursuits related to professorial endowments, graduate student and research funding, specific programmatic investments and more

Key Initiative 2: Provide regular N.C. PSI project updates to NC State Advancement team to elevate work and impact across communications, giving campaigns and donor cultivation efforts

Wolfpack 2030 Alignment

• Goal 5: Improve university effectiveness through transformative technologies, cutting-edge processes and actionable data.

• Goal 6: Lead in developing innovative partnerships, entrepreneurial thinking and applied problem-solving.

• Goal 7: Elevate the national and global reputation and visibility of NC State.