A Significant Financial Interest (SFI) is one or more of the following interests that you (or your spouse or dependent children) hold that reasonably appears to be related to your institutional responsibilities.
Institutional Responsibilities are those duties you have and activities you do as part of your professional responsibilities at SBU, including, e.g., research, research consultation, teaching, professional practice, institutional committee memberships, and service on panels such as Institutional Review Boards or Data and Safety Monitoring Boards.)
“…reasonably appears to be related to your institutional responsibilities…” means that if either your identified interests below, or the entity in which you have those interests, relies upon the same expertise utilized to carry out your Institutional responsibilities, it is considered an SFI. So, let's say you on a speaker's bureau for a company and present on topics related to the expertise you need to do your job at SBU. That would be a related interest. What if you were a paid board trustee for a religious organization? No, not related if you are an endocrinologist at SBU. Yes, related if you are a faculty member in Religious Studies. Now let's say you are a paid member on a company's board. In this situation, it's not what you do for the company (serve as a board member, which may not be something you do at SBU), but what the company's business is that must be considered in determining relatedness.
- Financial interest in any publicly traded entity where the value of any remuneration (including salary and any payment for services not otherwise identified as salary, e.g., consulting fees, honoraria, paid authorship) received from the entity in the twelve months preceding this disclosure and the value of any equity interest (including stock, stock option, or other ownership interest, as determined through reference to public prices or other reasonable measures of fair market value) in the entity as of the date of disclosure, when added together, exceeds $5,000.
- Financial interest in any non-publicly traded entity where the value of any remuneration (including salary and any payment for services not otherwise identified as salary, e.g., consulting fees, honoraria, paid authorship) received from the entity in the twelve months preceding the disclosure, when aggregated, exceeds $5,000.
- Any equity interest (e.g., stock, stock option, or other ownership interest) in any non-publicly traded entity.
- Receipt of income over the past 12 months from royalty and other forms of payments in excess of (when aggregated) $5,000 resulting from successful commercialization of intellectual property rights and interests (e.g., patents, copyrights) licensed to any commercial entity or to the Research Foundation of SBU
- Travel (PHS Only) You must disclose any reimbursed travel or sponsored travel (i.e., that which is paid on your behalf) that occurred in the twelve months preceding this disclosure, if it was related to your institutional responsibilities (i.e., the purpose of the travel relies upon the same expertise used to carry out your institutional responsibilities). You may also disclose the anticipated occurrence of such travel (up to in advance of one year). Excluded from this travel disclosure requirement is travel that is reimbursed or sponsored by federal, state or local government agency, a United States institution of higher education as defined at 20 U.S.C. 1001(a), an academic teaching hospital, a medical center, or a research institute that is affiliated with an Institution of higher education.