Approximately half of the awards that are supported in a particular fiscal year are competitively reviewed in that year through NSF's merit review process. The other awards are continuations of projects that were competitively reviewed in a prior year. The funding rate is the number of competitive awards made during a year as a percentage of total proposals competitively reviewed. The annualized award size displays the annual level of research grants provided to awardees by dividing the total dollars of each award by the number of years over which it extends. Both the average and the median annualized award size for competitively reviewed awards are shown.
Average duration is the length of the award in years.
2 Statistics for award size and duration are for research grants only.