IN THIS ISSUE

Financial Planning Committee report

The committee recommends the division leverage the interests of the membership, and maintain the focus on the division‘s increasing relevance in the international psychological community

By Kathryn T. Lindsey, PhD

The financial health of the Society for Military Psychology has grown stronger with the increasing success and significant royalties from the Journal of Military Psychology. Accordingly, it is necessary to identify ways to spend those proceeds to support the needs and desires of the society‘s membership. Under the directive of our immediate past-president (Armando Estrada, PhD), the Division 19 Financial Planning Committee was created in the summer of 2010. The committee had three main goals which included developing a financial investment plan for the division in support of key objectives outlined in the Strategic Plan. The committee was charged with developing three concrete products to present to the EXCOM which included:

  1. Identifying key initiatives and proposals for priority funding. 

  2. Developing criteria and procedures by which to evaluate funding requests. 

  3. Compiling a report outlining criteria, procedures, and plans for the EXCOM.

Significant discussion among the committee members took place regarding ways the division might leverage interests of the membership as well as continuing to maintain focus on the division‘s increasing world-wide relevance. A call was submitted via the listserv to all Society members to request ideas that could be considered for funding support from the division. The committee request was well-received and 19 responses from the membership were received by the committee (see Appendix B). Analysis of proposals yielded five types of submissions:

  1. Research Grants. Proposals received included requests for funds to support research and studies. These proposals aligned with Strategic Plan Objective one focusing on Advancing Science. Proposals could be further classified to include early, mid and senior career to foster advancements in science from members of all experience levels. 

  2. Workshop Grants. Proposals received included requests to support education and training workshops for practitioners and scientists. These proposals aligned with Strategic Plan Objective(s) one and two focusing on Advancing Science and/or Advancing Practice. Sending individuals to workshops geared toward enhancing research or clinical knowledge and skills is important for advancement in the broader field of psychology. Workshop development grants could support symposia and/or special meetings in any area of military psychology (e.g., Continuing Education development and administration, sponsorship of joint meetings with professional organization and military sponsors, sponsorship of pre-convention workshops). 

  3. Travel Grants. Proposals received included requests for funds to support engagement and participation in the midyear and annual meetings and/or other military psychology programs. These types of proposals aligned well with Strategic Plan Objective 3 focusing on Engagement, Participation, and Growth in membership. Travel grants could be made available to support travel to EXCOM meetings, attendance and participation in the annual meeting of the Society at APA, as well as support travel to other military psychology programs for individuals in need. Travel grants could also be used to support essential planning, development of programs, and decision-making for the division.

  4. Fellowship Grants. Proposals received included requests for funds to support education and training opportunities for individuals at the pre-doctoral, doctoral and post-doctoral levels. These proposals aligned well with Strategic Plan Objective 2 focusing on Advancing Practice. Spending in this area could be used to enhance education and training designed to increase expertise in clinical treatment of military populations (e.g., PTSD, marriage and family, chronic pain management) or methodological/statistical expertise in any area of military psychology.

  5. Advocacy Grants. Proposals received included requests for funds to engage in advocacy efforts to support advancement of military psychology within general psychology as well as within the public at large. These proposals aligned well with Strategic Plan Objective 5 focusing on strategic partnering. Advocacy can take on many forms but should be focused on the advancement and promotion of military psychology within the larger psychology profession as well as within the public at large (e.g., sponsorship of joint meetings with professional organizations and military sponsors, relationship development with other divisions and international organizations).

After extensive consultations with Division President Estrada and several formative discussions among members of the Financial Planning Committee (Kathryn Lindsay, Rebecca Porter, Anne Landis), the committee proposes the following recommendations for the way forward:

  1. Fund Research Grant Program. The committee recommends the development of a research grant program to fund research by early career psychologists (e.g., less than seven years post completion of doctoral training), mid-career psychologists (e.g., within 7-14 years post completion of doctoral training) and senior-career psychologists (e.g., 14 years post completion of doctoral training). Three awards should be considered annually for each category (ranging from $5,000 to $10,000) for a total of up to $15,000 annually.

  2. Fund Workshop Grant Program. The committee recommends the establishment of a workshop development program to support development education and training opportunities within any area of military psychology. Three awards may be considered annually (ranging from $500-$1000) for a total of up to $3,000 annually.

  3. Fund Travel Grant Program. The committee recommends the development of a travel grant program to support travel to midyear and annual meeting as well as attendance and participation in military psychology related programs and activities. Up to 10 awards should be considered annually, with each award for $750, for a total of up to $7,500 annually.

  4. Fund Fellowship Grant Program. The committee recommends the development of a fellowship grant program to fund education, training and research opportunities for individuals at the pre-doctoral, doctoral, and post-doctoral level. One award should be considered annually for a total of up to $10,000 annually.

  5. Fund Advocacy Grant Program. The committee recommends the development of an advocacy grant program to fund advocacy efforts in any area related to military psychology. One award should be considered annually for a total of up to $1,500 annually.

Additional information regarding the CE Committee may be obtained by contacting Kathryn Lindsey, PhD.