The National Center for Science and Engineering Statistics released a report, Higher Education R&D Increase of 3.3% in FY 2020 is the Lowest since FY 2015. From FY 2019 to FY 2020, research and development spending by academic institutions experienced the slowest growth since the four years of decreasing federal funding from FY 2012 to FY 2015.
The data discussed in this report are from the Higher Education Research and Development (HERD) survey sponsored by the National Center for Science and Engineering Statistics (NCSES) within the National Science Foundation (NSF).