Annual Budget
The Ocean Institute has an annual budget of $6 million, and employs 100 full and part-time staff members, as well utilizing the services of hundreds of volunteers. Professional partners include JPL, the National Science Foundation and Scripps Institution of Oceanography. Supporters include the Swenson Family Foundation, the Henry Samueli Foundation, Quiksilver and KOCE, among others. Dan Stetson, who joined the Institute staff in 1992, serves as the Institute’s president. It is funded through school visitations, state and city grants, as well as gifts from local philanthropists. The watershed education program is funded by Miocean and the Surf Industry Manufacturers Association.
The Institute's largest annual fundraiser is its Laguna Beach Million Dollar Home Raffle, which began in 2005.
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