This document summarizes a discussion about research funding for colorectal cancer. It notes that last year the discussion was about the advocate and grant review process, while this year the topics are the current research landscape and the cost of research. Statistics provided show that CRC funding from the NCI has decreased from 6% of the total NCI budget in 2008 to 5% in 2012, with over $17 million less in funding and almost 200 fewer grants funded. A sample one year laboratory grant budget is also presented, with notes that typical budgets are 70-80% for personnel and animal work requires significant funds. The budget would likely be cut 20% administratively even if the grant scored in the top 10% for funding.