A Tale of Two Funding Charts

NSF is spending money faster than it makes awards, but it is not investing in the future of U.S. science.
news
National Science Foundation
Congress
Author

Noam Ross

Published

June 30, 2026

Last week, two Grant Witness charts made appearances in a hearing of the House Science, Space, and Technology Committee. Rep. Whitesides (D-CA) showed our recent plot of National Science Foundation award-making, showing that NSF has made 60-70% fewer awards by at point in the fiscal year than in previous years.

In response, Rep. Rich McCormick (R-GA), pulled up our plot of NSF’s cumulative obligations, which he described as “It’s a little bit less but it’s very much more on par as far as the spend versus the number of awards.”

Four-panel figure of images from the the House Science Commitee hearing, showing Rep. Whitesides (D-CA) displaying a Grant Witness plot of NSF award-making, and Rep. Rich McCormick (R-GA) displaying a Grant Witness plot of NSF cumulative obligations.

This is a stretch — funding so far this year is 30-40% lower than the same date in previous years. Nonetheless, how has NSF managed to spend at nearly double the pace at which it is making new awards?

NSF awards are not getting any larger

The average NSF award size is about $100,000 smaller in 2026 than in the past five years. This smaller mean size is largely because of fewer very large awards – NSF has not initiated any projects with budgets of $30 million in 2026. The median award size is larger. This is mostly because NSF has awarded very few small awards and fellowships, in particular I-Corps awards.

Dot plot of NSF award sizes for fiscal years 2021 through 2026 on a log scale from about $1,000 to $10 million. Each grey dot represents one award, arranged in a beeswarm pattern. A red horizontal bar marks the mean and a blue bar marks the median for each year, each labeled with a dollar value. 2026 is modestly different: In 2026 the mean falls to $560,000 from $680,000 in the prior year, and no awards above $30 million were made. The median rises to $443,000 from $383,000, and a spike of awards around $50,000 is missing from 2026 but present in other years.

More money is servicing prior year awards

From the start of the fiscal year through May 311, NSF obligated more of its annual budget to servicing prior year awards than to new awards. This is primarily due to the slow pace of new awards in 2026.

While the servicing of prior awards is high, more than $200 million of that went to a single project, the construction of Leadership-Class Computing Facility (LCCF) at the University of Texas at Austin. This is the most ever obligated to a single project in one year of NSF history. But it is a long-planned project, started in 2024, with this year’s spending approved by Congress in its 2026 budget committee report. Aside from the LCCF, NSF is spending less on prior year awards than most prior years, too, but those prior year awards provide a floor for NSF spending, at least for awards they have not terminated.

Stacked bar chart of NSF obligations for fiscal years 2021 through 2026, measured in billions of dollars. Blue segments show obligations to awards made in the same fiscal year (new awards); red segments show obligations to awards made in earlier fiscal years (prior-year awards). Dollar amounts and percentages are labeled in white text inside each segment. From 2021 through 2025, new awards account for more than half of obligations each year. In 2026 the red segment exceeds the blue for the first time.

NSF is forward-funding new awards to spend more money on less science

Despite not making new awards any larger, NSF is obligating more funds per award than prior years. It is doing so by obligating a larger fraction of total award budgets up front, rather than making smaller obligations over the course of the award. Much as NIH has heavily increased its “multiyear funding” mechanism, NSF is drastically reducing “Continuing Grants,” in which funding is doled out slowly over time. This does not provide any more funding for researchers, who must still spend the same amount of money over the same time. Yet it reduces the number of new awards in the year, shrinking the number of projects, lines of research, and ultimately labs and scientific capacity of the U.S..

Grouped bar chart for fiscal years 2021 through 2026 comparing two values for NSF new awards: the total planned budget (red bars) and the amount actually obligated at the start of the award year (blue bars), measured in billions of dollars. Bars are displayed side by side for each year. Percentage labels above the blue bars show the ratio of same-year obligations to planned budget. From 2021 through 2024, the blue bar is well below the red and percentages range from 57% to 61%.  In 2025, it is 55%, and both bars are much lower than prior years.  In 2026, it is 75%, with far lower values than any other year.

Overall, this spending pattern reveals an agency not investing in the future. Rather, it appears that NSF is spending to meet its legal obligations while actually clearing the decks with a plan to be a much smaller, different agency. That may be an NSF less than half the size, as the President’s 2027 Budget proposes, or an NSF diverting its funds to the President’s own priorities. Neither of these have the support of Congress or the American public.


Appendix: Breaking it Down by Directorate

These patterns are broadly consistent across NSF’s directorates, though the magnitude differs and certain directorates are heavy drivers of the “spend less, do even less” strategy.

The STEM Education (EDU) and Social, Behavioral, and Economics (SBE) directorates have seen their average award size increase, despite extremely low numbers and spending on awards. Nearly all their 2026 awards are forward-funded, clearing the decks of any future commitments. This pattern is most extreme for the Technology, Innovation, and Partnerships (TIP) directorate (though its news awards have picked up in the last few weeks).

Geology (GEO) has the most of its budget going to prior-year awards, as large-scale infrastructure projects continue to be funded even as new awards have cratered, with a similar but more modest pattern in Mathematics and Physical Sciences (MPS).

Engineering (ENG) is an outlier as it has little history of making long-term awards, so has few prior-year commitments or new ones on the horizon, and continues to make awards at a similar pace as prior years. Computer and Information Sciences and Engineering (CSE) is the only directorate where the funding pattern reflects a continued investment in the future, with both more overall funds spent and more future commitments than in the past.

Faceted stacked bar chart with eight panels, one per NSF directorate: BIO, CSE, ENG, GEO, MPS, SBE, EDU, and TIP. Each panel shows annual obligations from 2021 through 2026 split between new awards (blue) and prior-year awards (red), with y-axes in millions scaled independently. GEO shows the largest share going to prior-year awards in 2026, driven by large-scale infrastructure projects. TIP has nearly all spending on prior-year commitments, having made only a handful of new awards in 2026. ENG maintains a relatively consistent pattern of mostly new-award spending across years. CSE is the only directorate showing notably higher total obligations in 2026. EDU and SBE have very small totals in 2026.

Faceted grouped bar chart with eight panels, one per NSF directorate (BIO, CSE, ENG, GEO, MPS, SBE, EDU, TIP), comparing planned award budgets (red) to same-year obligations for new awards (blue) from 2021 through 2026, in millions with independently scaled y-axes. In EDU, SBE, and TIP the blue and red bars are nearly equal in 2026, indicating near-complete forward funding of the few awards made. ENG shows persistent gaps between planned and obligated amounts across all years, consistent with continued use of incremental annual funding rather than lump-sum upfront obligations. CSE shows both bars increasing in recent years.

Faceted dot plot with eight panels, one per NSF directorate (BIO, CSE, ENG, GEO, MPS, SBE, EDU, TIP), showing the distribution of award sizes from 2021 through 2026 on a log scale. Each grey dot represents one award in a beeswarm layout; red bars mark the mean and blue bars the median for each year within each directorate. EDU and SBE show noticeably higher mean and median values in 2026 despite very few dots, consistent with a small number of larger, fully forward-funded awards. TIP similarly has only a few dots but at higher values in 2026. BIO, ENG, and MPS show relatively stable distributions across years, while CSE trends toward larger award sizes over time.

Footnotes

  1. All data in this post compares the same period of the fiscal year, through May 31, for each year. This is the most recent date for which we have complete obligations data from USAspending.gov.↩︎