FY 2026 P3 funding to support cancer care, faculty hiring
The University of Iowa has allocated up to $15 million in P3 funding for fiscal year 2026 to support continued progress on the university’s strategic plan.
The funding will go toward one new interdisciplinary project selected from a campuswide call for proposals, the continuation of a major facilities renovation, additional investments in faculty hiring and retention, and timely support for other strategic plan initiatives throughout the year.
“The P3 program helps us turn great ideas into real progress,” says Kevin Kregel, executive vice president and provost. “By aligning our investments with areas of need and opportunity, we are achieving new levels of student success, faculty excellence, and impact across the university.”
Background on the P3 Program
The P3 Program provides resources for strategic investment in the UI’s core missions of teaching, research, and scholarship. In March 2020, nearly $1 billion in funding from the university’s 50-year partnership with ENGIE North America and Meridiam to operate the utility system was placed in an endowment. Earnings from the endowment allow the university to invest about $15 million per fiscal year in support of the UI’s strategic plan priorities.
