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National Science Foundation
The
National Science Foundation (NSF) is an independent federal agency created by
Congress in 1950 “to promote the progress of science; to advance the national
health, prosperity, and welfare; to secure the national defense…” With an
annual budget of more than $8 billion, NSF is the funding source for
approximately 20 percent of all federally supported basic research conducted by
America’s colleges and universities. In many fields such as mathematics, computer
science and the social sciences, NSF is the major source of federal backing.