Lamont's Climate Center (CC) receives income from an endowment established by the Vetlesen Foundation. The amount of the income varies from fiscal year to fiscal year and depends on the dividends earned from the original principal. The money is used for five major purposes:
1 To fund start-up research projects aimed at leveraging government sponsored research grants. For a list of projects funded in the more recent past, click here
2 To fund visits by prominent scientists depending on the availability of funds.
3 To fund mini-conferences at Lamont depending on the availability of funds.
4 To fund ~2 students in the undergraduate research project for the Earth Intern program depending on the availability of funds.
5 To fund (partially) a Marie Tharp or LDEO postdoctoral fellow depending on the availability of funds.
The vast majority of available funds go to start-up research projects (#1 above).