The Gulf Research Program Annual Report 2015 (2016)
Chapter: Financials
Financials
| Proceeds Received by the National Academy of Sciences | ||||
|---|---|---|---|---|
| BP Exploration and Production Inc. | Transocean Deepwater Inc. | Total | ||
| Proceeds received: | 2013: | $ 5,000,000 | $ 2,000,000 | $ 7,000,000 |
| 2014: | 15,000,000 | 7,000,000 | 22,000,000 | |
| 2015: | 45,000,000 | 21,000,000 | 66,000,000 | |
| Proceeds received to date: | $ 65,000,000 | $ 30,000,000 | $ 95,000,000 | |
| Proceeds to be received: | 2016: | 80,000,000 | 60,000,000 | 140,000,000 |
| 2017: | 90,000,000 | 60,000,000 | 150,000,000 | |
| 2018: | 115,000,000 | — | 115,000,000 | |
| Proceeds to be received: | $ 285,000,000 | $ 120,000,000 | $ 405,000,000 | |
| Total proceeds: | $ 350,000,000 | $ 150,000,000 | $ 500,000,000 | |
| Financial Overview | |
| Proceeds received to date | $ 95,000,000 |
| Investment return | 2,348,557 |
Total funds available |
97,348,557 |
| Program expenditures | |
2013 |
(1,372,402) |
2014 |
(3,018,699) |
2015 |
(8,557,425) |
Total program expenditures |
(12,948,526) |
Net funds available at 12/31/2015 |
$ 84,400,031 |
Cash on hand for expenditures |
1,373,214 |
| Funds invested | 83,026,817 |
Net funds available at 12/31/2015 |
$ 84,400,031 |
2015 ADVISORY BOARD
Thomas O. Hunter (Chair)
Sandia National Laboratories (retired)
Las Vegas, Nevada
Porfirio Álvarez-Torres
Consortium of Marine Research
Institutions of the Gulf of Mexico Mexico
Kim A. Anderson
Oregon State University
Corvallis
Kenneth E. Arnold (NAE)
Worley Parsons
K. Arnold Consulting, Inc.
Houston, Texas
Elliot L. Atlas
University of Miami
Florida
Patrick Barnes
BFA Environmental Consultants
Orlando, Florida
Donald F. Boesch
University of Maryland
Cambridge
J. Ford Brett
Petroskills, Inc.
Tulsa, Oklahoma
Danielle Deane
The Raben Group
Washington, DC
Katherine H. Freeman (NAS)
Pennsylvania State University
University Park
VADM Paul G. Gaffney II (NAE)
Monmouth University (Emeritus)
Columbia, South Carolina
Bernard D. Goldstein (NAM)
University of Pittsburgh (Emeritus)
Pennsylvania
William “Monty” Graham
University of Southern Mississippi
John J. Stennis Space Center
Stennis, Mississippi
Sara J. Graves
University of Alabama in Huntsville
Myron P. Gutmann
University of Colorado Boulder
Anthony H. Knap
Texas A&M University
College Station
Nancy G. Leveson (NAS)
Massachusetts Institute of Technology
Cambridge
Michael Macrander
Shell International, LLC
London, England
William S. Marras (NAE)
The Ohio State University
Columbus
Jerry M. Melillo (NAS)
Marine Biological Laboratory
Woods Hole, Massachusetts
Alonzo L. Plough
Robert Wood Johnson Foundation
Princeton, New Jersey
Christopher M. Reddy
Woods Hole Oceanographic Institution
Woods Hole, Massachusetts
Liesel A. Ritchie
University of Colorado Boulder
Jonathan Samet (NAM)
Keck School of Medicine
University of Southern California
Los Angeles
Richard Sears
Stanford University
Stanford, California
LaDon Swann
Mississippi-Alabama Sea Grant Consortium
Ocean Springs, Mississippi
Isiah M. Warner
Louisiana State University
Baton Rouge
