> Their financials look fine, they have over a year's budget in reserves. I think the question is if they actually need a $65mil operating budget -- or one tha

> Their financials look fine, they have over a year's budget in reserves. I think the question is if they actually need a $65mil operating budget -- or one that's growing 15%+ per year. Especially since they're giving away a sixth of their budget in awards and grants! At that point, they're taking on a secondary role as a financial institution funding projects in addition to their primary one. If they cut this, they'd need only $55 million and would have almost two years of reserve. (We can also talk about if salary creeping up from a third to half the budget over the last ~5 years is appropriate. But that's a smaller issue.)