Not to mention the fact that the academic institution usually takes a hefty "tax" on any grants awarded. Where I work, they take around 30-40% I believe.
https://your.yale.edu/sites/default/files/rate-agreement.pdf
If I am reading it right, it says that on-campus research has an overhead rate of 67.50 or 69.0 percent depending on the funding source. Ouch! I imagine that the federal government knows that it is subsidizing universities as a whole through this system and intends to do so.