Finance
The principal financial supporter of the Academy is the State of Bavaria. The state provides 50% of the funding for the research projects conducted within the framework of the Academies' Programme, with other states contributing a small proportion if work is carried out in their territory; the remaining 50% comes from the Federal Republic. In addition the Academy attracts considerable amounts of third-party funding from the state and from foundations in order to implement research projects, in particular projects of the Leibniz Supercomputing Centre and the Walther Meissner Institute for Low Temperature Research, which not only acts as a coordinator for a Collaborative Research Centre and a research team established by the German Research Foundation (DFG), but also participates in the NIM-Cluster, which has been set up within the framework of the Initiative of Excellence of the Ludwig-Maximilians-University, Munich. The major part of the Academy's own capital, formerly a not inconsiderable sum consisting above all of generous endowments and legacies, was lost in the course of two currency collapses in the 20th century. From the remaining sum two funds were established, whose (meagre) interest is used to support members' research projects.