The federal government remains the largest source of academic R&D funding, but its share has dropped from 64 % in FY 2005 to 60 % in FY 2008, according to a new report from the National Science Foundation. The top five universities in federal R&D funding for FY 2008: Johns Hopkins University ($1.68 billion including JHU's Applied Physics Laboratory); University of California, San Francisco ($885 million); University of Wisconsin, Madison ($882 million); University of Michigan, all campuses ($876 million); University of California, Los Angeles ($871 million). The institutions constituting the top five have remained the same since FY 2004.