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Suggested Citation:"Financials." National Academies of Sciences, Engineering, and Medicine. 2016. The Gulf Research Program Annual Report 2015. Washington, DC: The National Academies Press. doi: 10.17226/23643.
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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
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. 2016. The Gulf Research Program Annual Report 2015. Washington, DC: The National Academies Press. doi: 10.17226/23643.
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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

Suggested Citation:"Financials." National Academies of Sciences, Engineering, and Medicine. 2016. The Gulf Research Program Annual Report 2015. Washington, DC: The National Academies Press. doi: 10.17226/23643.
×
Page 19
Suggested Citation:"Financials." National Academies of Sciences, Engineering, and Medicine. 2016. The Gulf Research Program Annual Report 2015. Washington, DC: The National Academies Press. doi: 10.17226/23643.
×
Page 20
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The Gulf Research Program Annual Report 2015 Get This Book
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Each year, the Gulf Research Program 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 2015 annual report is the second report in this series.

The Gulf Research Program 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 2015, as the Gulf Research Program began to implement its strategic vision and conducted its first funding competitions, investing more than $6.5 million in institutions and people in the Gulf region and beyond. It also introduces four initiatives that characterize the program’s main areas of interest. These initiatives will guide the development of a portfolio of grants, fellowships, and other activities with cumulative and lasting impact.

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