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Congress appropriated \$8.75 billion for NSF in FY2026, rejecting the administration's proposed 55% cut to \$3.9 billion. But between April and May 2025, DOGE terminated 1,752 grants worth \$1.4 billion, hitting STEM Education (\$888M, 839 grants) and Social, Behavioral and Economic Sciences hardest. Director Panchanathan resigned April 24, 2025; no permanent replacement has been named. Effective December 15, 2025, NSF cut minimum external reviews from three to two, made one internal review allowable, made panel discussions optional, and shrank panel summaries to three to five sentences. Here is what the new NSF actually looks like as a funder, who is being selected against, and how to position a 2026 proposal against the new merit review.
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