ASU’s research enterprise has leaped forward again, according to the National Science Foundation’s Higher Education Research and Development (HERD) Survey. With $797.2 million in research expenditures for fiscal year 2022, ASU ranked No. 38 overall (out of 899 institutions), a jump of four places from the prior fiscal year. ASU ranked in the top 4% for all universities with research expenditures, ahead of the University of Chicago, University of Illinois-Urbana Champaign, Purdue University and the University of Colorado-Boulder. The 18% growth rate from FY21 ($677.7 million) was among the largest for the top 50 research universities in the country, according to the HERD Survey.