The National Science Foundation (NSF) has published FY 2011 Performance and Financial Highlights
which summarizes the agency's budget, grant making activity, and progress
towards its strategic performance goals in 2011.
The report indicates that fewer proposals were submitted and
fewer awards were made in FY 2011 compared with FY 2010. As a result, NSF’s funding
rate was about the same for 2010 and 2011, and only slightly below the rate for
previous years (excepting 2009 when ARRA (stimulus) funds pushed the funding rate up significantly).