Basic Research and the University

My friend and colleague Anne Rosenblum sent along a wonderful report on how important basic research is at the Academy (linked above).

Money quote from the accompanying press release:
“At present, only 20% of all basic research in the US is performed by the private sector. Colleges and universities account for 60% of such research, with government accounting for the remaining amounts. Washington is the largest funder of basic research, paying for 57% of the total.”