Gulf Research Program Annual Report 2019 (2020)
Chapter: Financials
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Suggested Citation:
"Financials." National Academies of Sciences, Engineering, and Medicine. 2020. Gulf Research Program Annual Report 2019. Washington, DC: The National Academies Press.
doi: 10.17226/25959.
FINANCIALS
Proceeds Received by the National Academy of Sciences
| BP Exploration and Production Inc. | Transocean Deepwater Inc. | Total | |
|---|---|---|---|
| 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 | $0 | $115,000,000 |
| TOTAL | $350,000,000 | $150,000,000 | $500,000,000 |
Financial Overview
| Proceeds Received | $500,000,000 | |
| Investment Return in Previous Years | $35,480,690 | |
| Investment Return in 2019 | $66,446,378 | |
| Total Funding: | $601,927,068 | |
| Expenses in Previous Years | ($64,683,340) | |
| Expenses in 2019 | ($30,470,875) | |
| Total Expenses: | ($95,154,215) | |
| Balance as of 12/31/2019: | $506,772,853 | |
2019 Program Expenditures
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