Use and Limitations of Award
Use of the research allowance by awardee
Up to $3,000 or $4,000 per year of the research allowance may be used by the awardee for their out-of-pocket healthcare or childcard expenses. It is expected that the host institution will cover the institution’s share of an awardee’s health/fringe benefits or premiums. For LSRF awardees in the 2020-2022 classes this amount is $3,000/year; for awardees in the 2023 and future classes this amount is $4,000/year.
Other legitimate uses are all research related: small equipment, research supplies, travel to meetings including the cost to the LSRF annual meeting. Equipment purchased with the awardee’s research allowance is theirs to take with them when they complete their training and leave their postdoc lab.
Awardees may ask LSRF to withhold up to $5000/year from the payments sent to their institution. When the postdoc establishes their own, independent lab at a non profit institution in the US or abroad the escrow fund (up to $15,000) will be transferred to the new institution as a one time gift. These funds are to be used solely in suppport of the awardee’s research.
Eligibility of awardees and their host institutions
All awardees must carry out their research in a non profit university or research institution. If the awardee is not a US citizen the research must be carried out in a US institution. A US citizen can work in a not for profit institution in any country.
Awardees must sign an agreement that their research project has no prior commitment with any for profit enterprise. All patents generated from the awardee’s research revert to the host institution (like an NIH grant).
The Life Sciences Research Foundation is a non-profit, public foundation. All donations to the Foundation are tax-deductible and our tax ID# is: 52-1231801.