Policies, Procedures and Guidelines

Material Financial Interest

The following outlines the CIRC’s Threshold for Reviewing Financial Interests

Type of Research Funding:
PHS/NIH All Non PHS (e.g. NSF, industry, etc.)
Includes:
  • ≥$5,000 in remuneration from an entity (includes non-profits), in aggregate
  • ≥$5,000 equity in publicly traded entity
  • Holding of any ownership interest or equity in a non-publicly traded entity (includes non-profits)
  • Travel reimbursed or paid for on behalf of an investigator other than by government agency or institution of higher education
  • ≥$10,000 in remuneration from an entity, in aggregate
  • ≥$10,000 equity or 5% ownership in publicly traded entity
  • Holding of any ownership interest or equity in a non-publicly traded entity
  • Receipt of royalties/compensation related to intellectual property rights and interests
  • An agreement with an entity that entitles an individual to future royalties related to intellectual property (IP) rights and the IP is used or evaluated in human studies research
Excludes:
  • Income from seminars, lectures, teaching engagements, service on advisory committees or panels paid by federal/state/local government agency, or institutions of higher education
  • Income from investment vehicles, such as mutual funds and retirement accounts, as long as the individual does not directly control the investment decisions
  • Invention disclosures or patented intellectual property (unrelated to a licensing agreement)