Additional Sources of Revenue
Grants, Partnerships, and Unrestricted Donations
You may be surprised to learn that volunteer contributions do not fully sustain our expeditions. Instead, they cover between 80-90% of expedition costs, and collectively make up just half of Earthwatch’s total annual revenue. This is because Earthwatch purposely “undercharges” for its expedition experiences, in order to keep them affordable for as wide-ranging an audience as possible. It is also our way of recognizing our volunteers’ significant donations of time, labor, and spirit to every expedition!
Sometimes the research itself limits the number of volunteers who can participate each year, placing additional funding pressures on that expedition. For example, a project with a very short research window based around the focal species' migration, or a project in an extremely sensitive ecosystem that caps the total number of volunteers who can travel there each year, will have fewer volunteers, and therefore a greater percentage of its research funding that will need to be fundraised from the public through our Annual Fund. On average, Earthwatch relies on these donations to pay for 10-20% of each expedition’s expenses.
Earthwatch constantly walks a very fine line in order to remain inclusive while not undermining the quality of research or daily life in the field for existing projects. New research projects bring many challenges of their own—and Earthwatch often introduces several new projects per year. Preparatory work for a new expedition begins at least two years prior to when the first team of volunteers arrives at the rendezvous location, and includes a thorough vetting of the research proposal by multiple experts in that field, interviewing potential scientists and field staff, pre-volunteer safety inspections, and much more. These efforts can cost anywhere between $45,000 and $90,000 to get each new expedition off the ground. Earthwatch actively raises money to cover these start-up costs so that they are not passed on to our volunteers once the research begins.
Additionally, Earthwatch grants over $500,000 per year in fellowships through a highly competitive, need-based application process to students and teachers who would not otherwise have the ability to participate on an Earthwatch expedition. For most student fellows, their Earthwatch expedition is their first time traveling any significant distance from home, and their first time traveling without family. For many teacher fellows, their Earthwatch expedition is the first time they have received hands-on training in science education in many years, if ever at all.
Earthwatch is grateful to receive donations from a variety of sources. On average, here is that allocation:
37%: Corporate Partners
12%: Major Gifts & Bequests
10%: Annual Fund (Rosborough Society, Members, Donors)
In a typical year, Earthwatch raises about 1% of its revenue from investment income.