Previous Chapter: Program Initiatives
Suggested Citation: "Financials." National Academies of Sciences, Engineering, and Medicine. 2017. The Gulf Research Program Annual Report 2016. Washington, DC: The National Academies Press. doi: 10.17226/24885.

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
2016: 80,000,000 60,000,000 140,000,000
Proceeds received to date: $ 145,000,000 $ 90,000,000 $ 235,000,000
Proceeds to be received: 2017: 90,000,000 60,000,000 150,000,000
2018: 115,000,000 115,000,000
Proceeds to be received: $ 205,000,000 $ 60,000,000 $ 265,000,000
Total proceeds: $ 350,000,000 $ 150,000,000 $ 500,000,000
Financial Overview
Proceeds received to date $ 235,000,000
Investment return (includes dividends) 13,718,169

Total funds available

248,718,169
Program expenditures

2013

$ (1,372,402)

2014

(3,018,699)

2015

(8,557,425)

2016

(12,601,374)

Total program expenditures

(25,549,900)

Net funds available at 12/31/2016

$223,168,269

Cash on hand for expenditures

$ 248,084

Funds invested 222,920,185

Net funds available at 12/31/2016

$223,168,269
image
This chart tracks expenditures based on the three types of activities highlighted in agreements that led to the GRP’s creation.
Suggested Citation: "Financials." National Academies of Sciences, Engineering, and Medicine. 2017. The Gulf Research Program Annual Report 2016. Washington, DC: The National Academies Press. doi: 10.17226/24885.
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