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“Not disseminating information that you get from your research is scientifically like being against mom and apple pie.” ~ Richard G. Weiss, chemistry professor at Georgetown, as quoted in "NSF Revamps Data‑Sharing Policy" (September 27, 2010), in Chemical & Engineering News.
Giving access to data is key for many reasons:
In June 2011 the Office of Digital Humanities (ODH), a division in the National Endowment for the Humanities (NDH), announced a new grant program, Digital Humanities Implementation Grants (DHIG). Unlike previous ODH grant programs, this one requires submission of a sustainability and digital management plan:
Data Management Plans for NEH Office of Digital Humanities Proposals and Awards
Not all data resulting from research can be shared, however. See the next tab in this section, Issues to Parse before Sharing Data.For more about data sharing, see the following:
NIH requires a brief paragraph (which will not count towards the application page limit) following the research plan section of the PHS 398 application form immediately after letters of support.
According to the National Institutes of Health, "Data sharing achieves many important goals for the scientific community, such as
Key Elements to Consider in Preparing a Data Sharing Plan Under NIH Extramural Support pdf.
NIH Data Sharing Policy and Implementation Guidance
Frequently Asked Questions on NIH Data Sharing Policy
NIH requests that all extramural applicants seeking $500,000 or more in direct costs in any one year provide a data-sharing plan in their applications. Researchers submitting grant, cooperative, or contract applications will be required to include a data sharing plan or an explanation of why data sharing is not possible. Data sharing plans or an explanation should be addressed in a brief paragraph placed after the research plan. The precise content of the data sharing plan will vary depending on the data being collected. The following may be included:
Sometimes data resulting from funded research cannot be shared, and there are policies addressing this. For example, the “Privacy Rule” of the Health Insurance Portability and Accountability Act (HIPAA) has guidelines for maintaining confidentiality of research data derived from health care records, requiring specification of data handling responsibilities and privileges.

The following are important questions to pose prior to making your data available (adapted from "Data Sharing Essentials," University of Wisconsin-Madison):
“The challenge before us as a profession, before each of us as researchers, and before the broader community of social scientists, is to prepare for the collection and analysis of these new data sources, to unlock the secrets they hold, and to use this new information to better understand and ameliorate the major problems that affect society and the well-being of human populations.” Gary King (Harvard University)
As Open Science Data and Open Access, both exemplifying approaches to unrestricted dissemination of research and scholarship, gain traction in academic communities, the potential for repositories and networks encouraging the sharing of data also grows. An Open Data Query service exists, where you enquire of data holders about the openness and availability of their data. For more about Open Access and Open Data, see the Scholarly Publishing and Academic Resources Coalition (SPARC).
See "Data Repositories," "Disciplinary Repositories," and Purdue's list of "Other Data Repositories" for more of these types of resources.