Academic institutions in the United States contribute considerably to U.S. basic research. The federal government funds over half of academic research and development (R&D), but its share of support has declined while the share funded by institutions has grown. Academic R&D spending remains concentrated in very high research activity institutions, which train most U.S. science and engineering (S&E) doctoral students and employ most S&E postdoctoral researchers (postdocs). This report presents...