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at a Glance
WHOI at a glance |
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WHOI People
WHOI personnel
in 2004 totaled 1,092
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Research
Funding
The $7-million increase in research funding (up 7 percent
over 2003) was driven mianly by growth in funding from
the National Science Foundation and the National Oceanic
and Atmospheric Administration. Navy funding is down as
the Navy increases its emphasis on applied research.
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1.Endowment comprises
cash and securities to provide income for maintenance
of the organization. Market value is as of December 31.
2.Total operating revenue is total funding of the
Institution’s research and education programs, including
a component of endowment income appropriated for operations
during the financial year ending December 31. See Financial
Statement, Note 2.
3.Total operating expense is cost incurred
in support of research, education, and operations during
the financial year ending December 31. See Financial
Statement, Note 2. |
Financial
Trends
By 2004 we recovered the endowment principle lost in the market downturn
since 2001, while distributing more than $13 million per year since then to
support our science. Our endowment ended 2004 at $291 million, with a
12% annual average rate of return, outperforming our benchmark.
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