Revenue Diversification and Projection

The Institute of Human Development and Social Change (IHDSC) at NYU is a joint initiative of the Steinhardt School of Culture, Education, and Human Development; the Wagner School of Public Service; the Faculty of Arts and Sciences; and the Office of the Provost. Supporting more than 70 faculty affiliates from the social, behavioral, and health sciences, IHDSC manages grants and brings together a network of interdisciplinary scholars. To fund its day-to-day operations, it relies heavily on indirect cost recovery as a major source of revenue. IHDSC enlisted the Capstone team to recommend external sources of revenue by analyzing comparable organizations and to predict future indirect cost recovery rate by bridging the gap between pre-award and post-award data. Through its research and data analysis, the Capstone team provided IHDSC with a requested revenue projection along with recommendations to diversify its revenue streams.