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 | |
2017 | $90,000,000 | $60,000,000 | $150,000,000 | |
Proceeds received to date | $235,000,000 | $150,000,000 | $385,000,000 | |
Proceeds to be received | 2018 | $115,000,000 | — | $115,000,000 |
Proceeds to be received | $115,000,000 | — | $115,000,000 | |
Total proceeds | $350,000,000 | $150,000,000 | $500,000,000 | |
Financial Overview
Proceeds Received | $385,000,000 |
Investment Return (includes dividends) | $45,341,969 |
Total Funds Available | $430,341,969 |
Program Expenditures | |
2013 | ($1,372,402) |
2014 | ($3,018,699) |
2015 | ($8,557,425) |
2016 | ($12,601,374) |
2017 | ($21,996,977) |
Total program expenditures | ($47,546,877) |
Net funds available at 12/31/2017 | $382,795,092 |
Cash on hand for expenditures | ($1,298,511) |
Funds invested | $384,093,603 |
Net funds available at 12/31/2017 | $382,795,092 |
Notes:
1Full and complete financial information pertaining to the GRP is available in the Report of the Treasurer of the National Academy of Sciences, published in June of each year for the preceding year.
2Many GRP awards are multi-year awards with payment of the total amount of the award distributed across more than 1 year. As such, discrepancies will exist between total awards announced versus total program expenditures in a given year. Program expenditures in a given year reflect payments of funds in that year, which may include payments of funds for awards announced in that year or in a previous year.