Franklin W. Olin College of Engineering research and development spending, FY2024
- Needham, MA
- Private nonprofit
- Standard form filer
Franklin W. Olin College of Engineering in FY2024
$1.8 million
spent on research and development in FY2024, as reported to the NSF HERD Survey
- National rank
- #611 of 925
- Change on FY2023
- down 25.8%
- Rank change
- down 58
Franklin W. Olin College of Engineering reported $1.8 million of research and development spending in FY2024, ranking #611 of the 925 institutions in the survey. That is down 25.8% on FY2023's $2.5 million; its national rank was down 58 places. Federal government is its largest funding source at 32.7% ($595 thousand), followed by institution funds at 32.1%. Its largest field of research is engineering, $1.6 million or 90.0% of the total.
Over time
Research spending, FY2010 to FY2024
Standard-form totals FY2010 onwards as revised by NCSES in the newest release; rank is within that series.
Year-by-year figures
| Fiscal year | R&D expenditure | Rank in series |
|---|---|---|
| FY2010 | — | — |
| FY2011 | $1.0 million | 564 |
| FY2012 | $1.8 million | 514 |
| FY2013 | $1.2 million | 543 |
| FY2014 | $1.6 million | 518 |
| FY2015 | $2.1 million | 481 |
| FY2016 | $1.8 million | 517 |
| FY2017 | $1.6 million | 538 |
| FY2018 | $1.3 million | 565 |
| FY2019 | $1.7 million | 556 |
| FY2020 | $1.4 million | 574 |
| FY2021 | $1.6 million | 562 |
| FY2022 | $2.6 million | 525 |
| FY2023 | $2.5 million | 549 |
| FY2024 | $1.8 million | 602 |
FY2024 breakdown
Where the money came from, and what it paid for
FY2024 funding sources and research fields
Funding sources
The 5 NSF funding sources Franklin W. Olin College of Engineering reported in FY2024, largest first. Shares are of its own FY2024 total, and the rank is national within that source.
| Source | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Federal government | $595 thousand | 32.7% | −7.2% | 657 |
| Institution funds | $584 thousand | 32.1% | −8.6% | 531 |
| Nonprofit organizations | $536 thousand | 29.5% | −36.0% | 344 |
| Business | $67 thousand | 3.7% | −70.9% | 422 |
| All other sources | $37 thousand | 2.0% | −64.1% | 405 |
| All sources | $1.8 million | 100.0% | −25.8% | 611 |
Fields of research
The 2 NSF research fields Franklin W. Olin College of Engineering reported in FY2024, largest first.
| Field | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Engineering | $1.6 million | 90.0% | −29.2% | 268 |
| Non-S&E | $182 thousand | 10.0% | +31.9% | 560 |
Neighbours
Ranked around Franklin W. Olin College of Engineering
Institutions ranked immediately above and below
The five institutions ranked above Franklin W. Olin College of Engineering and the five below it in the FY2024 national ranking.
| Rank | Institution | FY2024 R&D |
|---|---|---|
| 606 | Erikson Institute | $1.9M |
| 607 | Heidelberg University | $1.9M |
| 608 | Norwich University | $1.9M |
| 609 | Colorado State University, Pueblo | $1.8M |
| 610 | State University of New York College, Geneseo | $1.8M |
| 611 | Franklin W. Olin College of Engineering | $1.8M |
| 612 | Claflin University | $1.8M |
| 613 | University of North Georgia | $1.8M |
| 614 | United Tribes Technical College | $1.8M |
| 615 | Babson College | $1.8M |
| 616 | Biola University | $1.8M |
Keep looking
Where this institution sits
Related rankings
Benchmark Franklin W. Olin College of Engineering against its peers.
Request a demoData: NSF HERD FY2024, built from NSF's published tables on September 8, 2026. Page updated September 13, 2026.
Data: National Center for Science and Engineering Statistics, National Science Foundation, Higher Education Research and Development Survey, FY2024.
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