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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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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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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 2016 annual report is the third 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 2016, as the GRP ramped up its grant offerings with five competitions for five different grant types: exploratory, synthesis, capacity building, research-practice, and research and development. 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.

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