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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.
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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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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.
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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 2019 annual report is the sixth 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.

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