Folks:

Many of you attended the Corporate Finance Summer Institute meetings. Thanks for making it a success, and thanks especially to the organizers, Steven Kaplan and Jeremy Stein, for selecting an excellent group of papers and discussants.

As you know, these meetings, as well as other NBER activities that you participate in, cost money. The NBER does receive money from a variety of sources, but one source you can help with is by applying for NSF grants through the NBER. The NBER gets to keep overhead costs that are embedded in every grant. You benefit from the summer support grants provide. For those of you who already get 2/9th from your schools for summer salary, there may still be value in a grant because some schools allow faculty to get a third 9th via a grant. Grants can also provide additional resources for research assistants, travel, data, and computers. One advantage of applying through the NBER is that the NBER adds pension benefits of 20% to any salary it pays you.

So could I ask that those of you interested in applying for NSF grants contact Susan Colligan or Alison Oaxaca to find out more about how to apply through the NBER?

Thanks

Raghu Rajan

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