Suggested Citation:
"Financials." National Academies of Sciences, Engineering, and Medicine. 2019. The Gulf Research Program Annual Report 2018. Washington, DC: The National Academies Press.
doi: 10.17226/25459.
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
2017
$90,000,000
$60,000,000
$150,000,000
2018
$115,000,000
—
$115,000,000
Total proceeds received
$350,000,000
$150,000,000
$500,000,000
Financial Overview
Proceeds Received
$500,000,000
Investment Return (includes dividends)
$35,480,690
Total Funds Available
$535,480,690
Program Expenditures
From inception through 12/31/2017
($47,408,515)
FY 2018
($17,274,825)
Total program expenditures
($64,683,340)
Net funds available at 12/31/2018
$470,797,350
This chart tracks program expenditures based on the three types of activities identified in agreements that led to the GRP’s creation.
Notes:
1 Full and complete financial information pertaining to the GRP is available in the Report of the Treasurer of the National Academy of Sciences, published in June of each year for the preceding year.
2 Many GRP awards are multi-year awards with payment of the total amount of the award distributed across more than 1 year. As such, discrepancies will exist between total awards announced versus total program expenditures in a given year. Program expenditures in a given year reflect payments of funds in that year, which may include payments of funds for awards announced in that year or in a previous year.
Suggested Citation:
"Financials." National Academies of Sciences, Engineering, and Medicine. 2019. The Gulf Research Program Annual Report 2018. Washington, DC: The National Academies Press.
doi: 10.17226/25459.
Each year, the Gulf Research Program (GRP) produces an annual report to summarize how funds were used. These reports review accomplishments, highlight activities, and, over time, will assess metrics to determine how the program is progressing in accomplishing its goals. The 2018 annual report is the fifth report in this series.
The GRP is an independent, science-based program founded in 2013. Through grants, fellowships, and other activities, it seeks to enhance oil system safety and the protection of human health and the environment in the Gulf of Mexico region and other areas along the U.S. outer continental shelf with offshore oil and gas operations.
This report captures key developments and successes in 2018. The GRP continues to build on its past work and seeks to learn, think about, and plan for how and where it can have the greatest cumulative and lasting impacts.
National Academies of Sciences, Engineering, and Medicine. 2019. The Gulf Research Program Annual Report 2018. Washington, DC: The National Academies Press.
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