Research Highlights
Honors & Awards
What We Are Doing About:
Benefiting Humanity
History
Visiting the Institute
.JPG)
Annual Report 2011
Previous Reports:
Financial Highlights
This year’s budget of the Weizmann Institute of Science stands at 1,261,000,000 NIS.
The lion’s share of this sum goes to pay salaries and related expenses. Additional funds go to the financing of scientific activities, including the acquisition of advanced scientific equipment, broad investment in core infrastructure and the development of unique research tools – as well as scholarships for students, who are the backbone of today’s scientific activity, and improvements in the resources available to them. This year, the budget includes a one-time expenditure on changes we have made in our accounting methods.
The lion’s share of this sum goes to pay salaries and related expenses. Additional funds go to the financing of scientific activities, including the acquisition of advanced scientific equipment, broad investment in core infrastructure and the development of unique research tools – as well as scholarships for students, who are the backbone of today’s scientific activity, and improvements in the resources available to them. This year, the budget includes a one-time expenditure on changes we have made in our accounting methods.
All figures are given in millions of New Israeli Shekels (NIS) as of September 30, 2010. The exchange rate at the time stood at NIS 3.665 to 1 U.S dollar.
|
Expenditures |
NIS (in millions) |
| Salarries and related expenses | 507 |
| Scientific departments, scholarships and research | 336 |
| Changes of accounting method | 244 |
| Infrastructure and maintenace | 84 |
| Other | 90 |
| Total Expenditures |
1261 |
The Institute’s main sources of income are direct support from the government of Israel, research grants from Israeli and foreign bodies, revenue from the commercialization of intellectual property, and donations, legacies and returns from the Institute’s growing endowment. The Institute has a long tradition of responsible management – one that has been maintained this year in expenditures, which remain below income.
A large part of the Institute’s funding comes from competitive research grants obtained by the scientists from external agencies and funds. Especially outstanding are the grants we have received from various EU sources (see table).
|
Research Grants |
% |
| European Union | 27 |
| Israel Science Foundation | 22 |
| MINERVA | 8 |
| Other | 43 |
| 100 |
Recent years have seen a modest, but persistent, increase in the support the Weizmann Institute receives from the government of Israel through the Planning and Budgeting Committee (PBC). This increase reflects a change in the government’s approach to higher education and scientific research. Due to a concurrent rise in the Institute’s budget, the relative weight of the governmental contribution has actually declined slightly. The PBC budgeting system was planned mainly to serve a university model, and the Institute is currently involved in assessment and discussion, together with the committee, concerning the Institute’s unique standing.
