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A major goal of government and non-profit scientific funding agencies is to support research and development (R&D) that has broad impacts. This study proposes a new framework, called the Inclusion-Immediacy Criterion (IIC), to determine whether research benefits marginalized communities, reduces inequality, and encourages inclusive innovation. To test the framework, the study analyzes NSF sponsored nanotechnology grant abstracts from 2013 to 2017. We find that 109 out of the 300 grants feature research and grant activities that are inclusive, while 235 out of the 300 grants have research and grant activities that either maintain the status quo or predominately target advantaged groups. Of the 109 grants with inclusive broader impacts, 9 of them involve inclusive research that is intrinsic to the underlying work. In comparison there are 102 grants that feature inclusive research that is directly related to the research. Of those 102 direct-inclusive grants, 99 of them relate to broadening participation of women and underrepresented minority populations is science fields.