Annual Report 1999

As in previous years, the accumulated historic deficit again decreased, and we are closer than ever before to its elimination. In this context, particular mention should be made of a special contribution to the reduction of the deficit this year by the European Committee for the Weizmann Institute.

We hope to reach the goals that we have set for ourselves in the Jubilee Endowment Drive. A significant increase in endowments would result in the financial independence of the Weizmann Institute. This would give Weizmann Institute scientists the tools to realize the fool potential of their creativity.

Sources of Income	%
Government of Israel	53.4
Donations and bequests	15.3
Research grants	26.6
Financial and other revenues	4.7

Principal Expenditures	%
Salaries and fellowships	70.5
Research, teaching, supplies and equipment	20.0
Financial expenses	0.2
Operating expenses	9.3