Old Dominion University Research Foundation (鈥淩esearch Foundation鈥) was chartered in 1965.聽 Its creation was intended to 鈥減romote the educational objectives of the University by encouraging, fostering, and conducting investigation, research, and development in engineering, the physical and life sciences, the humanities, education, and all other branches of learning; and utilizing, publishing, and otherwise making known the results of such investigations, research, and development . . . .鈥
The function of the Research Foundation has evolved over the years in response to the needs of Old Dominion University and its research community.聽 The Research Foundation began as an organization with emphasis on applying the technology of the laboratory to solve engineering problems of local industry.聽 Early in its history, the Research Foundation developed a strong and beneficial relationship with the National Aeronautics and Space Administration (NASA). NASA and its scientists at the Langley Research Center relied upon University faculty and their engineering knowledge in many of its lunar mission efforts throughout the decade leading to the first manned lunar landing.聽 In the late 1960鈥檚, the Research Foundation and the University forged a unique partnership for research administration that existed in no other Virginia university. As the University evolved from a satellite campus of the College of William & Mary to a four-year college and ultimately to a respected graduate and research university, the functions of the Research Foundation evolved in unison.聽 This unique partnership continues today to develop, nurture, and expand the research mission of the University.
The University recognized an active research program was an essential element of its goal to become a graduate university.聽 The University and Research Foundation partnership developed from the University鈥檚 need to provide research administration services with no additional state monies available to fund such efforts.聽 Using indirect cost recoveries received from sponsors to fund the Research Foundation solved this problem.
The Research Foundation serves as the University鈥檚 fiscal and administrative agent for sponsored program activities.聽 It is an independent, not-for-profit, tax-exempt 501(c)(3) organization chartered under the laws of Virginia. A self-perpetuating Board of Trustees consisting of up to 20 directors governs the Research Foundation.聽 Fifteen trustees are persons external to the University. Old Dominion University is represented on the Research Foundation Board by the University President and four additional trustees selected by the University President.聽 Those directors have been the provost, the vice president for research, and deans of two colleges. The Board of Trustees hires an Executive Director and other staff to carry out its mission.
The University fosters and promotes the research enterprise through its Office of Research.聽 This office is also responsible for developing, implementing, and monitoring regulatory compliance policies and procedures.聽 Regulatory compliance concerns include export controls, protection of laboratory animals and human subjects in research, radiation safety, chemical safety, scientific integrity, and conflict of interest.聽 University intellectual property administration is a function within the Office of Research. The office supports technology transfer activities by identifying, protecting and marketing inventions and works of authorship.
The Research Foundation works closely and collaboratively with the Office of Research in fulfilling the Research Foundation鈥檚 mission of providing responsive and cost-effective support for sponsored program administration.聽 The Research Foundation has played a significant role in the University鈥檚 ability to attract world-class researchers and advance its research mission while enhancing the University鈥檚 profile. The partnership between the Research Foundation and the University has been an unqualified success.聽 It has provided a means of centralizing sponsored programs administration and providing specialized support and systems necessary to facilitate University research.
Name: | Old Dominion University Research Foundation |
Date Established: | Established in 1965, Incorporated February 7, 1967 |
Type of Corporation: | Private not-for-profit |
Tax Status: | 501 (c) (3) Tax Exempt 509 (a) (3) Private Foundation |
Purpose: | 鈥淭he Corporation shall be organized and conduct its operations for the exclusive benefit of Old Dominion University, a Commonwealth of Virginia institution of higher education. The purpose of the corporation is to serve as the administrative, financial and fiscal agent for Old Dominion University in research and sponsored program administration.鈥 |
Mission: | Old Dominion University Research Foundation collaborates with the university for the successful administration of sponsored programs by providing responsive and cost-effective support. |
Fiscal Year: | July 1 through June 30 |
Management: | The business affairs of the corporation shall be managed by a Board of Trustees. |
Number of Trustees: | Not less than six (6) nor more than twenty (20) members. There shall be one who shall be the president of Old Dominion University. |
Responsibilities: | The Board of Trustees shall have the powers and duties necessary for the administration of the affairs of the Foundation (Corporation). |
Quorum: | Minimum of 40% |
Officers: | President, vice-president, secretary, treasurer, and an executive director. No full-time employee of the university may be an officer. |
Tenure of Officers: | The president, vice-president, secretary, and treasurer are elected for a one (1) year term. The executive director shall be selected by the board and serves at their pleasure. |
Committees: | Executive Committee and other committees as deemed necessary. Current standing committees include:
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Indemnity: | The Research Foundation shall indemnify each trustee and officer and may indemnify or agree to indemnify any person who is serving or has served as an employee of the Foundation. |
Insurance: | Directors鈥 and officers鈥 liability coverage is provided through a policy with Travelers Casualty and Assurance Company. |
Name: | Old Dominion University Research Foundation |
Date Established: | Established in 1965, Incorporated February 7, 1967 |
Type of Corporation: | Private not-for-profit |
Tax Status: | 501 (c) (3) Tax Exempt 509 (a) (3) Private Foundation |
Purpose: | 鈥淭he Corporation shall be organized and conduct its operations for the exclusive benefit of Old Dominion University, a Commonwealth of Virginia institution of higher education. The purpose of the corporation is to serve as the administrative, financial and fiscal agent for Old Dominion University in research and sponsored program administration.鈥 |
Mission: | Old Dominion University Research Foundation collaborates with the university for the successful administration of sponsored programs by providing responsive and cost-effective support. |
Fiscal Year: | July 1 through June 30 |
Management: | The business affairs of the corporation shall be managed by a Board of Trustees. |
Number of Trustees: | Not less than six (6) nor more than twenty (20) members. There shall be one who shall be the president of Old Dominion University. |
Responsibilities: | The Board of Trustees shall have the powers and duties necessary for the administration of the affairs of the Foundation (Corporation). |
Quorum: | Minimum of 40% |
Officers: | President, vice-president, secretary, treasurer, and an executive director. No full-time employee of the university may be an officer. |
Tenure of Officers: | The president, vice-president, secretary, and treasurer are elected for a one (1) year term. The executive director shall be selected by the board and serves at their pleasure. |
Committees: | Executive Committee and other committees as deemed necessary. Current standing committees include:
|
Indemnity: | The Research Foundation shall indemnify each trustee and officer and may indemnify or agree to indemnify any person who is serving or has served as an employee of the Foundation. |
Insurance: | Directors鈥 and officers鈥 liability coverage is provided through a policy with Travelers Casualty and Assurance Company. |