IODP is funded by four entities acting as international partners:
The U.S. National Science Foundation (NSF) and Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) are Lead Agencies.
The European Consortium for Ocean Research Drilling (ECORD) is a Contributing Member.
The People’s Republic of China Ministry of Science and Technology (MOST) is and Associate Member.
Interim Asian Consortium, represented by the Korea Institute of Geoscience and Mineral Resources (KIGAM), is an Associate Member.
The Ocean Drilling Program office at NSF (part of the Marine Geosciences section of the Division of Ocean Sciences, within the Directorate for Geosciences) is responsible for administering commingled funds directed towards the science operating costs (SOCs) of all IODP operations. These commingled funds come from the international partners as part of their membership fees used for the conduct of IODP science. Platform operating costs (POCs) are the responsibility of the agency supplying the platform capability. ........................................................................................................................... Memoranda of Understanding
Memorandum (703.27 KB) between NSF/MEXT and KIGAM. ........................................................................................................................... IODP Principles
Funding Agencies 
Memorandum (