National Academies Press: OpenBook

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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Page 20

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FINANCIALS Proceeds Received by the National Academy of Sciences BP Exploration and Transocean Production Inc. Deepwater Inc. Total 2013 $5,000,000 $2,000,000 $7,000,000 2019 Program Expenditures 2014 $15,000,000 $7,000,000 $22,000,000 2015 $45,000,000 $21,000,000 $66,000,000 54% 2016 $80,000,000 $60,000,000 $140,000,000 Research & Development 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 Investment Return in Previous Years $500,000,000 $35,480,690 28% 18% Investment Return in 2019 $66,446,378 Education & Monitoring & Capacity Total Funding: $601,927,068 Synthesis Building 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 GULF RESEARCH PROGRAM Annual Report 2019 20

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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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