>At Wake Forest University we count only the amount actually committed by
the sponsor for the first budget period.  If the total funds are committed
upfront as one budget period, then we would award the $3M.  If the award
letter indicates a commitment of $1M for the first budget period, then we
award $1M.

Ginger Kahn
Research and Sponsored Programs
Wake Forest University
Box 7528, Reynolda Station
Winston-Salem, NC  27109
Phone: 910-759-4909
FAX: 910-759-1959