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Skip to content Skip to search Skip to footer WU Physicians Directory ApplyVisitGive Close ApplyVisitGive Directory | WU Physicians AcademicsAcademicsMenuAcademic Departments and ProgramsGraduate, Professional and Advanced LearningInterdisciplinary ProgramsCenters and InstitutesLibrariesSummer LearningAccreditationArts & SciencesBrown SchoolMcKelvey School of EngineeringOlin Business SchoolSam Fox School of Design & Visual ArtsSchool of Continuing & Professional StudiesSchool of LawSchool of MedicineResearchResearchMenuResearch by SchoolMedical ResearchCenters and InstitutesUndergraduate ResearchVice Chancellor for ResearchOpportunities for StudentsParticipation &＃038; InvolvementSummer Research OpportunitiesLibrariesCampus ExperienceCampus ExperienceMenuAbout St. LouisCalendar HubSocial Media HubDiversity and InclusionTechnologyArts and CultureAthleticsAdvising and Career EngagementStudent AffairsVeterans and MilitaryFinancial AssistanceCommencementWho We AreWho We AreMenuMission StatementUniversity FactsOur CampusesOur CampusesWho We AreDisability Resources Maps, Directions and Parking Danforth Campus Medical Campus South Campus Tyson Research Center West Campus Campus Stores Strategic PrioritiesDiverse CommunityLeadershipLeadershipWho We AreChancellor Provost University Council Cabinet News and PublicationsAnnual ReportAudited Financial StatementsCompliance and PoliciesCompliance and PoliciesWho We AreAcademic Policies Efficiency Initiative Financial Policies Governance Policies Graduate and Professional School Policies Health and Safety Policies Human Resource Policies Intellectual Property and Research Policies IT, Computer and Internet Policies Media, Trademark and Logo Policies Policies for Students Registrar Policies University Space and Facilities Policies History and TraditionsHistory and TraditionsWho We AreChancellors Dedication of the Danforth Campus Nobel Prize Winners Sesquicentennial Freedom of expressionContact Prospective Students Current Students Parents &＃038; Families Faculty &＃038; Staff Alumni &＃038; Friends Policy on Distribution and Rights of Succession of Revenue Derived from Technology Transfer Current Distribution of Revenue from Licensing Activity Background Under Guidelines to the Washington University Intellectual Property Policy, revenue generated from licenses are distributed as follows: 35% to the creator and 65% to the university, distributed as described in Section A2. below. This distribution will be reviewed from time-to-time by the Committee for Faculty Oversight of Technology Transfer, which may recommend adjustments or amendments to the vice chancellor for research. At the time the license is signed, creator(s) will execute an agreement indicating the manner of distribution of personal income (i.e., to be retained as personal income in total, to waive all income, or to retain a portion as personal income and waive a portion to the Creator&＃8217;s laboratory). IRS regulations require that the decision to waive income be irrevocable and made prior to receipt of any of the revenue. (See Section B.1) The Policy on Distribution and Rights of Succession of Revenue Derived from Technology Transfer (&＃8220;Policy&＃8221;) is intended to address treatment of creator income—whether personal or waived to the laboratory—in the event of death, relocation or retirement of the creator. Current Revenue Distribution Creator(s) — 35% &＃8211; taken in total, either as personal income or waived for use in the laboratory Creator(s) School — 40% &＃8211; used to support research in the school Office of Technology Management (OTM) — 25% used to support the OTM operation Change in Distribution of Revenue and Rights of Succession Waiver Of Portion Of Creator(s) Share For A Limited PeriodCreator(s) may waive all, or a portion, of their personal revenue share for the duration of an executed license or for a fixed term of 5 years provided that: The waiver must occur before the creator has the right to receive income for IRS purposes. All decisions are irrevocable. An explanatory memorandum will accompany the revenue distribution form that explains the creator(s) options and implications of the decision. Note: Federal and state tax codes currently exist that may have significant impact on the receipt and waiver of personal income and their relevance will depend, in large part, on individual circumstances. Therefore, it is strongly recommended that creator(s) seek the advice and counsel of their own attorney or other tax adviser before making any decision as to revenue distribution. Distribution of Personal Income Share in the Event the Creator Resigns from the University, Retires or Dies.When a creator (whether faculty member, staff or student) resigns from Washington University, retires or dies, any personal income due from technology commercialization will continue to be paid to the creator, or the creator&＃8217;s estate. Distribution of Income Waived by the Creator for the Benefit of the Laboratory in the Event that the Creator Resigns from the University, Retires or Dies. In the event that the Creator(s) resign from the university, retires or dies, any portion of income waived to the creator&＃8217;s laboratory will continue to be paid to the dean of the creator&＃8217;s school to be used to further the research mission of the school. 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