Grants are set at $300,000 for a three-year period with $100,000 payable in the first year and equal sums payable in the second and third years and are subject to the receipt of acceptable progress reports. Generally, fifteen new awards are granted annually and are activated on July 1 of the year of the competition. The awards are made to tax-exempt institutions described in section 501(c)(3) of the Internal Revenue Code and are designated for the support of the research described in the application.
Award and Reporting Requirements
Searle Scholars are expected to attend the Annual Searle Scholars Meeting, normally held in Chicago in April. Scientific reports, which consist of an abstract and headshot, will be requested prior to the annual meeting.
The awarded institution shall submit an annual fiscal report each year of the award. These reports are requested in July and due in August. Final scientific and fiscal reports will be due within 60 days of termination of the award.
Acknowledgement of Support
Any publication arising from work supported by the Program should be acknowledged as having received funds from the “Searle Scholars Program.”
It is the policy of the Searle Scholars Program to operate without discrimination as to age, race, religion, sex, disability or national origin in the employment or promotion of staff. This policy will be applied to the selection of the Searle Scholars as well.