What financial interests must be disclosed?
Principal Investigators and Key Personnel must disclose financial interests in non-governmental entities that are sponsoring research grants and contracts. When a non-governmental entity gives the University a gift to support research and/or which is directed to a specific individual, the recipient must also disclose financial interests in the donor. Financial interests relating to a project funded by the Public Health Service (including the National Institutes of Health), National Science Foundation, and certain UC programs and private foundations must be disclosed prior to accepting funding. The thresholds for the level of financial interests that must be disclosed are discussed in the relevant Conflict of Interest Procedures, which may be viewed at http://www.adminvc.ucla.edu/appm/_entry_900.html.
For Non-Federal Sponsored Research: • A financial interest refers to the direct financial relationship between the principal investigator and the non-federal sponsor, or indirectly through their spouse, their registered domestic partner, or their dependent child. Some examples of what must be disclosed includes: • Equity holdings in the sponsor • Management positions with the sponsor • Consulting income received from the sponsor • Honoraria received from the sponsor • Principal investigator’s spouse or registered domestic partner being an employee of or having a financial interest in the non-federal sponsor For Federal Sponsored Research: • A financial interest refers to the direct financial relationship between the researcher and an entity other than the federal sponsor. This is also referred to as a related financial interest and only applies to entities that could benefit from the results of the federal sponsored project.
