About the Research Foundation of CUNY
It engages in the post-award administration of private and government sponsored programs at The City University of New York (CUNY) where annual activity has reached $300 million. Program areas include, but are not limited to, research in the natural and social sciences, training, curriculum planning, assessment, job placement, program evaluation, and software development.
In general, the foundation provides administrative functions such as controlling and accounting for expenditures, preparing periodic fiscal reports for project directors and funding agencies, providing banking services, and managing cash flow. All expenditures are monitored for availability of funds and for compliance with Foundation policies and sponsor requirements. Auditable accounts are maintained and monthly expenditure reports are prepared.
Although it has been closely associated with CUNY throughout its history, the RF is governed by its own Board of Directors, issues its own independently audited financial statements, operates its own payroll system, manages a fringe benefits plan, and purchases a wide variety of goods and services in accordance with its own rules and regulations.
Increasingly, RF provides direct administrative services to other organizations besides CUNY. The RF combines customer service with cutting edge technology to deliver services to its clients.