As of 12/31/2016, GMRI had the following investment funds:
- a Reserve Fund of approximately $720,000
- an Endowment Fund of $4,937,715.
All but $240,000 of the endowment funds are board-designated funds. $240,000 are permanently restricted endowments. All funds are invested and spent in accordance with our Investment Policy.
In addition to the above GMRI-owned investment funds. GMRI has a 100% beneficial interest of $740,000 in the Science Literacy for Maine Funds held at the Maine Community Foundation. These are considered permanently restricted and are managed by the Maine Community Foundation.
Our Investment Committee members are:
- Marion Freeman, Ph.D.
- Samuel A. Ladd III, Chair
- J.B. Sullivan
Investment Policy (PDF)
The Gulf of Maine Research Institute (GMRI) is committed to operating in an open and transparent manner. We welcome any questions about the information contained within these IRS filings.
GMRI has a wholly owned subsidiary, Gulf of Maine Properties Inc. (GMPinc), which owns and operates our facilities.
Record Retention Policy (PDF)
Whistleblower Policy (PDF)