IN THIS ISSUE
Financial Planning Committee report
By Kathryn Lindsey, PhD
The financial health of the Society for Military Psychology has grown stronger with the continuing success of the Journal of Military Psychology. In 2010, under the directive of past-president Armando Estrada, PhD, the Division 19 Financial Planning Committee was established to develop a financial investment plan. The committee was charged with:
Identifying key initiatives and proposals for priority funding.
Developing criteria and procedures by which to evaluate funding requests.
Compiling a report outlining criteria, procedures, and plans for the EXCOM.
A call for proposals was sent to members soliciting input on projects/ideas to be considered for funding via the Division 19 listserv in 2011. Analysis of proposals yielded five types of submissions including (1) Research Grants; (2) Workshop Grants; (3) Travel Grants; (4) Fellowship Grants; and (5) Advocacy Grants. After extensive consultations with Division President Estrada and several formative discussions among members of the Financial Planning Committee (Kathryn Lindsey, Rebecca Porter, Anne Landes), the committee proposed the following recommendations for the way forward:
Recommendation 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 7 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 $5K to $10K) for a total of up to $15K annually.
Recommendation 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 to $1,000) for a total of up to $3K annually.
Recommendation 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.
Recommendation 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 postdoctoral level. One award should be considered annually for a total of up to $10K annually.
Recommendation 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.
The recommendations were extensively discussed at the Midyear Meeting of the EXCOM in Feb. 2012 (see EXCOM Meeting Minutes). The EXCOM approved funding of Recommendation 1)Research Grant Program and Recommendation 3) Travel Grants Program. The EXCOM also recommended continuance of the committee in order to finalize language for other recommendations proposed. The committee will visit suggestions from the EXCOM and will present a modified plan at the midyear meeting in 2013. We are elaborating on the execution process for the following funding initiatives: (a) Recommendation 2: Workshop Grant, (b) Recommendation 4: Fellowship Grant, and (c) Recommendation 5: Advocacy Grant. The goal is to have these funding items fully developed and ready for approval and implementation in March 2013. Additional information regarding the Financial Planning Committee may be obtained from Kathryn Lindsey, PhD.