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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

I. Investments

Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Endowment and Trust Investment Funds—Description of Funds from Inception for the Year Ended December 31, 2000

Capital Contribution Column 2 of Schedule 1A

 

Restricted

Unrestricted

I. ENDOWMENT

   

A. Unrestricted

   

1. NAS

   

Agassiz Fund - Bequest of Alexander Agassiz, a member of the Academy.

$ 50,000

 

Carnegie Fund - Balance of gift of $5,000,000 of the Carnegie Corporation of New York, for the purposes of the National Academy of Sciences/National Research Council, $1,725,000 of which has been used to cover the cost of the Academy building and the acquisition of other property.

3,275,000

 

Commonwealth Fund - A grant of the Commonwealth Fund for capital endowment of the Academy.

500,000

 

Carl Eckart Fund - Bequest of Carl Eckart received for general purposes of the Academy.

 

$ 607,779

Ford Foundation Fund - A grant of the Ford Foundation for capital endowment of the Academy.

5,000,000

 

Henrietta and Alexander Hollaender Fund - A bequest to the Academy from Dr. Alexander and Mrs. Henrietta Hollaender.

 

500,000

Grayce B. Kerr Fund - A grant from Grayce B. Kerr Fund for general purposes of the Academy.

250,000

 

Nealley Fund - Bequest of George True Nealley for general purposes of the Academy.

19,556

 

National Academy of Sciences Reserve Fund

 

875,434

Simon Ramo Fund - A gift from Simon Ramo for general purposes of the Academy.

14,000

 

Rockefeller Foundation Fund - A grant of the Rockefeller Foundation to the National Academy of Sciences for general purposes.

 

1,000,000

Dorothea and Herbert Simon Fund - A gift from Dorothea and Herbert Simon for general purposes of the Academy.

222,152

 

Sloan Foundation Endowment Fund - A grant of the Alfred P. Sloan Foundation for general purposes of the Academy.

1,000,000

 

Amy Prudden Turner Fund - Bequest of Amy Prudden Turner for general purposes of the Academy to serve as a memorial to her husband Scott and herself.

 

29,662

Anonymous Endowment Fund - A gift for general purposes of the Academy from a donor who wishes to remain anonymous.

7,146,660

 

General Endowment Fund - Bequest of David Lloyd Fillman and others for general purposes of the Academy. By action of the Council, the International Critical Tables were transferred into this fund during fiscal 1976, and proceeds from the sale of the Audubon Folios were transferred in fiscal 1981.

 

3,149,745

Members Endowment Fund - Contributions from various members to be used for general purposes of the Academy.

2,393,480

 

Subtotal

$19,870,848

$6,162,620

2. IOM

   

General Endowment Fund - Contributions from various sources, including members of the Institute of Medicine, for capital endowment of the IOM.

$ 761,595

 
 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Robert Wood Johnson Foundation Fund - An endowment grant, the income from which is to be used for core support of the Institute of Medicine.

$ 5,000,000

 

IOM Reserve Fund - Unexpended balance earned on endowment based on IOM Council spending plan. The IOM reserve permits the effective management of unanticipated financial emergencies.

500,000

 

IOM Kellogg Fund - A grant from the Kellogg Foundation to be used for general purposes of IOM.

282,500

 

IOM Members' Dues

197,500

 

Henry J. Kaiser Family Foundation Fund - Contribution to an endowment fund to support core activities of the Institute of Medicine. The grant indicates the foundation's view that the Institute of Medicine is of great importance to the development of sound social policy related to health. In 1989 this grant was amended by the Kaiser Family Foundation to provide for transfer of $250,000 as a matching contribution to the endowment contribution to the IOM's Food and Nutrition Board.

488,485

 

John D. and Catherine T. MacArthur Foundation Fund - A grant to be used exclusively as a permanent endowment to the Institute of Medicine, the income from which is restricted to the general purposes of the Institute.

5,000,000

 

Pharmaceutical Discretionary Fund - A grant from W. K. Kellogg to further the IOM's long-range program development.

480,000

 

Pharmaceutical Endowment Fund - Contributions of $250,000 over a period of five years from Glaxo, Inc., and $10,000 from Eli Lilly Company, the income from which is to be used for general purposes of the Institute of Medicine.

259,448

 

Miscellaneous Private Sector - Contributions of Kaiser Permanente to be used for core support requirements of the Institute of Medicine.

26,346

 

Subtotal

$12,995,874

 

3. TRB

   

TRB Reserve Fund - Holds income in excess of expenditures for TRB core support activities in a fiscal year. This fund is used to cover temporary shortfalls and extraordinary one-time expenditures.

1,500,000

 

Subtotal

$ 1,500,000

 

B. Restricted for Specific Purpose

   

1. Program

   

a. NAS

   

Arts in the Academy Fund - Contribution from various sources for sponsoring free cultural programs of merit for local residents and for providing a platform for musicians and artists.

$ 3,934

 
 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Basic Science Fund - Earth Sciences - Contribution from an anonymous donor to match a gift from the Palisades Geophysical Institution of New York. Together these contributions will be used to establish the Maurice Ewing and Planetary Sciences Fund of the National Academy of Sciences.

$ 500,000

 

Biology and Biotechnology Fund - Contributions from various individuals to be used for studies and other activities that address emerging research and policy issues affecting biology and biotechnology, especially cross-disciplinary aspects and those involving the interface of science, technology, and commerce and used for dissemination and outreach efforts that seek to inform policymakers about the findings of the results.

420,232

 

Blakeslee Fund - Bequest of Albert Francis Blakeslee, the income from which is to be used in support of genetics research.

886,902

 

Thomas Lincoln Casey Fund - Bequest of Thomas L. Casey as a memorial to his father, Thomas Lincoln Casey, to be used in the advancement of engineering in all its applications.

258,081

 

The Coca-Cola Foundation Fund - A grant to be used for initiatives in precollege science and mathematics education.

50,000

 

Arthur L. Day Fund - A bequest of Arthur L. Day, a member of the Academy, for the purpose of advancing studies of the physics of the earth.

3,813,132

 

Cecil and Ida Green Fund - A gift from Cecil and Ida Green for general purposes of the Academy.

467,256

 

Global Commons Project Fund

39,058

 

W. K. Kellogg Foundation Fund - A grant of the W. K. Kellogg Foundation for an endowment in the areas of education, health, and agriculture. The income will be used to fund studies and other activities within these program areas such as enhancing the quality of U.S. education, assuring access to quality health care, assessing the role of biotechnology in the future of agriculture, and similar Issues as they arise.

20,000,000

 

Kobelt Fund - Bequest of Nina I. Kobelt to be used for research scholarships for worthy students.

296,593

 

Andrew W. Mellon Foundation Fund - A grant from the Andrew W. Mellon Foundation to endow a program of Academy-initiated studies.

1,000,000

 

Postemployment Benefits

 

$700,000

Frank Press Fund for Dissemination and Outreach - Established with contributions from members of the Presidents' Circle of the NAS, NAE, and the IOM, the income from the fund is to support a variety of dissemination and outreach activities that seek to share Academy's complex knowledge and resources with the policy-making community and the general public.

1,150,755

 

Arthur M. Sackler Colloquia of the National Academy of Sciences Fund: A gift from Mrs. Arthur M. Sackler to endow, in perpetuity, a series of scientific symposia that promote interaction among world-class researchers in rapidly advancing scientific fields.

625,000

 
 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Scientists and Engineers for the Future Fund - Contribution from an individual who wishes to remain anonymous. The income from this fund is used to support educational projects focused on maintaining the health of American science and technology by ensuring an adequate supply of well-prepared American scientists and engineers for the future.

$ 1,000,000

 

State Street Fund

792,194

 

Subtotal

$31,303,087

$700,000

b. NAS-Member Endowments

   

Anthropology Fund

$ 250

 

Board on Chemical Sciences Fund

31,250

 

Board on Earth Sciences Fund

2,025

 

Board on Mathematical Sciences Fund

1,300

 

Board on Physical Sciences Fund

450

 

Board on Physics and Astronomy Fund

100

 

Committee on Human Rights Fund

120,817

 

Committee on International Security and Arms Control Fund

25,219

 

Committee on Life Sciences Fund

9,965

 

Embryology Fund

976

 

Environmental Studies Fund

200

 

Math and Science Education Endowment Fund

400

 

NAS Class I Fund

750

 

Section 14 Chemistry Discretionary Fund

11,100

 

The Family and Community Well-Being Fund

1,000

 

Abel Wolman Lecture Fund

200

 

Subtotal

$ 206,002

 

c. IOM

   

Distinguished Scholar Fund - Contributions from various IOM members to permit the selection of one or more persons of senior caliber to spend a period of time at the IOM in scholarly pursuits related to key program initiatives.

11,750

 

Consequences of Uninsurance

1,400

 

Dissemination Activities

2,250

 

Food and Nutrition Board Fund - Grant of $250,000 to the Institute of Medicine as a contribution to the endowment fund to support core activities of the Food and Nutrition Board. This award was contingent on the Institute of Medicine transferring a matching amount from the 1986 unrestricted contribution from the Kaiser family for general core support of the Institute. Further contributions to the FNB endowment would be matched by one dollar from the earlier grant for every two dollars of new contributions.

525,000

 

Food and Nutrition Board Corporations Fund - Contributions from Monsanto Company and Nestle, USA, Inc., to provide support for FNB activities.

125,000

 
 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Food and Nutrition Board Members Fund - Contributions from various members to be used for general purposes of the Food and Nutrition Board.

$ 3,550

 

Howard Hughes Medical Institute Fund - Contribution for the exclusive use of the Institute of Medicine to initiate and maintain a program of studies whose purpose is to foster the translation of science into advances in health.

5,000,000

 

Improving Health Policy Communication

1,100

 

Women's Health Issues Fund - Contribution from Syntex (U.S.A.), Inc., to be used for purposes related to women's health issues.

20,000

 

Subtotal

$5,690,050

 

2. Prizes and Awards

   

a. NAS

   

American Psychological Association Science Directorate Fund - A gift from the APA to conduct activities that will help inform the public of the knowledge base, value, and importance of behavioral science research.

$ 30,000

 

Applied Mathematics and Numerical Analysis Fund - Gift of the International Business Machines Corporation to support the NAS Award in Applied Mathematics and Numerical Analysis by an award of $5,000 approximately every three years. The fund principal is not restricted.

 

Henryk Arctowski Fund - Bequest of Jane Arctowska in memory of her husband Henryk Arctowski, for the promotion and study of solar activity changes of short or long duration and their effects upon the ionosphere and terrestrial atmosphere.

95,736

 

Bache Fund - Bequest of Alexander Dallas Bache, a member of the Academy, to aid research in the physical and natural sciences.

60,000

 

Blaauw Fund - Bequest of Marianne Blaauw to establish the Edmond and Marianne Blaauw Fund to support research in the field of ophthalmology.

71,299

 

John J. Carty Fund - Gift of the American Telephone and Telegraph Company in recognition of the distinguished achievements of John J. Carty and as a lasting testimonial of the love and esteem in which he was held by his many thousands of associates in the Bell System, for a gold medal and award for noteworthy and distinguished accomplishments in any field of science.

25,000

 

Comstock Fund - Gift of General Cyrus B. Comstock, a member of the Academy, to promote research in electricity, magnetism, or radiant energy through the Comstock Prize to be awarded for notable investigations.

10,400

 

Draper Fund - Gift of Mrs. Henry Draper in memory of her husband, a former member of the Academy, to found the Henry Draper Medal to be awarded for notable investigations in astronomical physics; the balance of income is applied to aid research in this science.

6,000

 

Elliot Fund - Gift of Margaret Henderson Elliot to found the Daniel Giraud Elliot Gold Medal and Honorarium for the most meritorious work on zoology and paleontology published in each year.

8,000

 
 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Estes Award in Social and Behavioral Sciences - A gift from William K. and Katherine W. Estes to be used initially for an award relating to contributions to the prevention of nuclear war. After several awards are given for this purpose, the remaining money will be set aside for use by the Commission on Behavioral and Social Sciences and Education.

$ 79,849

 

Gibbs Brothers Fund - Gift of William Francis Gibbs and Frederic H. Gibbs to found the Gibbs Brothers Medal for outstanding contributions in the field of naval architecture and marine engineering.

24,000

 

Gibbs Fund - Established by gift of Wolcott Gibbs, a member of the Academy, and increased by a bequest of the late Morris Loeb in 1914 for the promotion of research in chemistry.

5,173

 

Ralph E. Gomory Award for the Application of Science - A grant from the International Business Machines Corporation for an award to be given in honor of Ralph Gomory.

179,046

 

Gould Fund - Gift of Mrs. Alice Bache Gould in memory of her father, former member of the Academy, for the promotion of research in astronomy, bequest of $20,000 from the estate of Alice Bache Gould received in 1954, and bequest of $10,000 from the estate of Elizabeth Chandler Hockley in 1979.

50,000

 

Joseph Henry Fund - Contributions by Fairman Rogers, Joseph Patterson, George W. Childs, and others as an expression of their respect and esteem for Joseph Henry, for the establishment of a fund to assist meritorious investigators, especially in the direction of original research.

39,740

 

Alexander Hollaender Award in Biophysics - A bequest of Alexander Hollaender, the income from which is to be used to provide a prize to an outstanding biophysicist. The prize is to be given at the Annual Meeting of the Academy, with selection of the recipient at the Academy's discretion.

100,000

 

Hunsaker Fund - Gift of Mr. and Mrs. J. C. Hunsaker to found an Academy award in the field of aeronautical engineering.

24,750

 

Franklin Livingston Hunt Fund - Bequest of Franklin Livingston Hunt for aid to research in physics, chemistry, and preventive medicine. A portion of the income may also be used from time to time to provide a medal to be known as the Franklin Livingston Hunt Medal for distinguished accomplishment in scientific research.

10,465

 

Kovalenko Fund - Gift of Michael S. Kovalenko, in memory of his wife, to found the Jessie Stevenson Kovalenko Gold Medal for meritorious research in medical sciences.

48,901

 

Marsh Fund - Bequest of Othniel Charles Marsh, a member of the Academy, to promote original research in the natural sciences.

10,000

 

George P. Merrill Fund - Gift of Mrs. George P. Merrill, the income from which is to be used for studies of meteors, meteorites, and space.

10,000

 

Monsanto Award in Molecular Biology - A grant from the Monsanto Company for an award to be given in recognition of contributions in the field of molecular biology.

421,374

 

Murray Fund - Gift of the late Sir John Murray to found the Alexander Agassiz Gold Medal in honor of a former member and president of the Academy, to be awarded for original contributions to the science of oceanography.

6,000

 
 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

National Academy of Sciences Award for Chemistry in Service to Society - Established by the E. I. DuPont de Nemours & Company to recognize contributions to chemistry, whether in fundamental science or its applications, that clearly satisfy a societal need. Given in alternate years to chemists working in industry, academia, government, and nonprofit organizations.

$181,838

 

National Academy of Sciences Award in Mathematics - Established by the American Mathematical Society for a prize to be awarded every four years in mathematics.

 

$53,597

National Academy of Sciences Award in Neuroscience - Established by the Fidia Research Foundation for an award in neuroscience, to be given every three years.

140,206

 

National Academy of Sciences Fund for Sciences and Technology in International Affairs – Contributions from Cecil and Ida Green, J. Erik Jonsson, Jerome B. Wiesner, and Academy sources to establish the National Academy of Sciences Fund for Sciences and Technology in International Affairs in honor of Walter A. Rosenblith.

49,119

 

Pradel Fund - A bequest of Jules Pradel to be applied to work on the human central nervous system and allied subjects.

16,392

 

H. P. Robertson Lectureship Fund - Contributions by friends of H. P. Robertson, foreign secretary of the Academy, to establish a lectureship under which distinguished scientists would be invited from anywhere in the world to present lectures to be known as the Robertson Memorial Lecture of the National Academy of Sciences.

20,325

 

Helen P. Smith Fund - A bequest of Helen P. Smith in memory of her husband, Gilbert Morgan Smith, to establish a triannual medal and honorarium to be conferred in recognition of published research in marine and freshwater algae.

67,107

 

Mrs. J. Lawrence Smith Fund - Gift of Mrs. J. Lawrence Smith in memory of her husband, a former member of the Academy, to found the J. Lawrence Smith Gold Medal to be awarded for important investigations of meteoric bodies and to assist, by grants of money, research concerning such objects.

8,000

 

Thompson Fund - Gift of Mrs. Mary Clark Thompson for a gold medal of appropriate design, to be known as the Mary Clark Thompson Gold Medal, to be awarded for mportant services to geology and paleontology.

10,000

 

Troland Fund - Bequest of Leonard T. Troland to be known as the Troland Foundation for Research in Psychophysics. The income is to be expended with a view to the actual advancement of scientific knowledge in the field of psychophysics.

505,359

 

U.S. National Committee for the International Astronomical Union (USNC/IAU) Fund – Contributions from USNC/ IAU to provide funds in support of participation by U.S. astronomers in the activities of the International Astronomical Union triennial General Assemblies.

100,000

 

Waksman Fund - Gift of the Foundation for Microbiology for an award of $5,000 every two years to be known as the Selman A. Waksman Award in Microbiology. The contributions from the foundation may be fully expended for the intended purpose.

 

Walcott Fund - Gift of Mrs. Mary Vaux Walcott in honor of her husband, a former member and president of the Academy, for the award of medals and honoraria to persons, the results of whose published research, explorations, and iscoveries in pre-Cambrian or Cambrian life and history shall be judged most meritorious; the award is to be known as the Charles Doolittle Walcott Medal.

5,000

 
 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

G. K. Warren Fund - Gift of Miss Emily B. Warren in memory of her father, a member of the Academy, the income from which is to be used for an award to be known as the G. K. Warren Prize in any field of science.

$ 15,000

 

Watson Fund - Bequest of James Craig Watson, a member of the Academy, for the promotion of astronomical sciences through the award of the Watson Gold Medal and grants of money in aid of research.

25,000

 

Subtotal

$ 2,459,079

$53,597

b. IOM

   

Gustav O. Lienhard Award - Initially established by an annual grant award in 1986, the Robert Wood Johnson Foundation in 1991 approved a grant for endowment of the Gustav O. Lienhard Award to be given annually in recognition of an outstanding contribution to the advancement of health care.

1,200,000

 

Rhoda and Bernard G. Sarnat International Prize in Mental Health - A grant from Rhoda and Bernard G. Sarnat for the purpose of honoring an individual, group, or organization for distinguished accomplishments in the field of mental health.

1,009,179

 

Subtotal

$ 2,209,179

 

3. The National Academies' Corporation (TNAC) - An endowment from the Arnold and Mabel Beckman Foundation for operating and program uses. The Beckman endowment is invested by the NAS on behalf of TNAC.

$11,677,491

 

Subtotal

$11,677,491

 

4. Woods Hole

   

Peter C. Cornell Trust Fund - To memorialize Detlev W. Bronk, a former member and president of the Academy, for his contributions to science and the nation and to recognize the leadership and notable accomplishments of John S. Coleman as a member of the Academy's staff. The gift may be fully expended for its intended purpose.

$ 100,000

 

J. Erik Jonsson Woods Hole Fund - A gift for the Woods Hole Study Center of the NAS in honor of J. Erik Jonsson, one of the founders of Texas Instruments and a former mayor of Dallas. The donor wishes to remain anonymous.

2,002,500

 

Penzance Foundation Fund - A grant for the J. Erik Jonsson Woods Hole Study Center especially for support of the property's Clark Carriage House.

502,500

 

Woods Hole Endowment – Contributions from the Brown Foundation and various individuals for maintenance of the Woods Hole Study Center.

954,240

 

Woods Hole Fund - Contributions from various individuals for maintenance of the Woods Hole Study Center.

12,874

 

Richard King Mellon Foundation Fund – Grant from the Richard King Mellon Foundation for maintenance of the building and grounds at the Woods Hole Study Center.

50,000

 

Subtotal

$ 3,622,114

 
 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

5. Transportation Research Board

   

Turner Award - Holds the income received from private sources to be awarded to individuals who have been selected for the Francis Turner Medal for Lifetime Achievement in Transportation.

$ 37,500

 

Subtotal

$ 37,500

 

6. PNAS

   

Billings Fund - Bequest of Mrs. Mary Ann Palmer Draper (Mrs. Henry Draper) to support publication of the Proceedings of the National Academy of Sciences or for other purposes to be determined by the Academy.

$ 50,102

 

Subtotal

$ 50,102

 

II. FUNDS FUNCTIONING AS ENDOWMENT

   

A. NAS - Prizes and Awards

   

Henry G. Booker Fellowship Fund - Contributions from various individuals to provide a travel grant to one young American radio scientist to attend each International Union of Radio Science Assembly as a Henry G. Booker Fellow.

$ 19,826

 

Subtotal

$ 19,826

 

B. PNAS

   

Proceedings of the National Academy of Sciences Fund

$1,000,000

 

Subtotal

$1,000,000

 

C. TNAC Capital Fund

$1,595,305

 

Subtotal

$1,595,305

 

III. RESTRICTED CONTRIBUTIONS

   

A. NAS

   

1. Program

   

Basic Science Fund - Various - Contributions from American Telephone and Telegraph Corporation, Atlantic Richfield Foundation, Dow Chemical Corporation, E. I. DuPont de Nemours & Company, International Business Machines Corporation, Merck and Company, Monsanto Company, Shell Oil Companies Foundation, and Standard Oil Company to support studies designed to strengthen the basic natural sciences (physics, chemistry, mathematics, and biology).

 

 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Slipher Fund - Bequest of V. M. Slipher, a member of the Academy, to be used as determined by the Academy. The bequest principal is managed by Bank One, Scottsdale, Arizona, which makes periodic income distributions to the Academy. Income distributions may be fully disbursed by the Academy in the year of receipt.

 

2. Prizes and Awards

   

Levison Memorial Fund - Contributions from various sources established by the Council of the National Academy of Sciences to encourage staff development, training, and commitment within the Commission on Behavioral and Social Sciences and Education (CBASSE). Funds will be made available on a case-by-case basis as supplemental support for development activities. A prize may be awarded to CBASSE staff who exert notable and unusual effort toward improving the quality of working life in CBASSE.

 

Richard Lounsbery Foundation Award - An annual award of $50,000 established by Mrs. Vera Lounsbery in memory of her husband, Richard Lounsbery, given in alternate years to a young French or American researcher in biology or medicine. The laureate is selected by a jury composed of members of the Academies of Sciences of the United States of America and France. It was Mrs. Lounsbery's desire to encourage reciprocal scientific exchanges between the two countries and to stimulate research contributing to the biological understanding of man and to the improvement and welfare of mankind. The recipient is given a three-year option on an additional $20,000, which may be used to pursue research in the opposite country.

 

NAS Award for Initiatives in Research - Established by Bell Telephone Laboratories in honor of William O. Baker to recognize innovative young scientists and encourage research likely to lead toward new capabilities for human benefit. These annual contributions may be fully disbursed in the year of the award.

 

NAS Award in Chemical Sciences - Established by the Occidental Petroleum Corporation in honor of Armand Hammer, these annual contributions may be fully expended for the intended purpose.

 

$ 278,277

NAS Award in Scientific Reviewing - Funds contributed by Annual Reviews, Inc., and the Institute for Scientific Information in honor of James Murray Luck, for an award to be given in recognition of and to pay tribute to authors who have performed significant service to science and their fellow scientists in the writing of outstanding scientific reviews. These annual contributions may be fully disbursed in the year of award.

 

NAS Support Staff Award - Contributions from various sources for annual awards for outstanding members of the National Research Council's administrative staff. These contributions may be fully disbursed in the year of the award.

 

Grand Total

$94,236,457

$7,194,494

Note: Items that have a “—” in the Capital Contribution column are those with no contribution since inception but that have activity in the investment pool. In most cases, there is short-term investment activity.

Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Endowment and Trust Investment Funds - Financial Detail of Funds from Inception for the Period Ended December 31, 2000

 

($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL

 

Number of Participating Capital Units

Capital Contribution

Cumulative Reinvestment of Earned Income

Cumulative Realized Gains

Total Pooled Investments

Cash and Accrued Income

Fund Equity Dec. 31, 2000

Market Values Dec. 31, 2000

A. Endowment

               

1. Unrestricted

               

a. NAS

               

Agassiz Fund

562.16

$ 50

$ 89

$ 261

$ 400

$ —

$ 400

$ 556

Carnegie Fund

38,049.63

3,275

6,599

19,246

29,120

71

29,191

37,626

Commonwealth Fund

2,191.71

500

379

925

1,804

4

1,808

2,167

Carl Eckart Fund

1,819.47

608

259

363

1,230

3

1,233

1,799

Ford Foundation Fund

22,020.95

5,000

3,829

8,893

17,722

41

17,763

21,777

Henrietta and Alexander Hollaender Fund

961.00

500

108

144

752

2

754

950

Grayce B. Kerr Fund

448.60

250

52

66

368

1

369

444

National Academy of Sciences Reserve Fund

981.63

875

69

32

976

2

978

971

Nealley Fund

217.44

20

56

154

230

230

215

Simon Ramo Fund

31.56

14

10

8

32

32

31

Rockefeller Foundation Fund

4,524.25

1,000

786

1,805

3,591

9

3,600

4,474

Dorothea and Herbert Simon Fund

517.84

222

52

147

421

1

422

512

Sloan Foundation Fund

4,527.30

1,000

786

1,788

3,574

9

3,583

4,477

Amy Prudden Turner Fund

124.94

30

8

56

94

94

124

Anonymous Endowment Fund

14,085.30

7,147

1,930

2,444

11,521

27

11,548

13,930

General Endowment Fund

8,261.78

3,150

1,227

2,127

6,504

16

6,520

8,170

Members Endowment Fund

4,400.27

2,393

601

692

3,686

9

3,695

4,352

 

103,725.83

$26,034

$16,840

$39,151

$82,025

$195

$82,220

$102,575

b. IOM

               

General Endowment Fund

1,366.75

$ 761

$ 309

$ 179

$ 1,249

$ 3

$ 1,252

1,352

Robert Wood Johnson Foundation Fund

11,852.48

5,000

2,283

2,564

9,847

23

9,870

11,721

IOM Reserve Fund

576.21

500

95

8

603

1

604

570

Henry J. Kaiser Family Foundation Fund

933.67

489

131

137

757

2

759

923

IOM Kellogg Fund

321.89

283

40

323

1

324

318

IOM Members Dues

224.86

198

27

225

225

222

John D. and Catherine T. MacArthur Foundation Fund

11,696.94

5,000

2,183

2,331

9,514

22

9,536

11,567

Pharmaceutical Discretionary Fund

548.36

480

68

548

1

549

542

Pharmaceutical Endowment Fund

529.04

259

105

85

449

1

450

523

Miscellaneous - Private-Sector Fund

62.75

26

17

10

53

53

62

 

28,112.95

$12,996

$ 5,258

$ 5,314

$23,568

$ 54

$23,622

$ 27,800

c. Transportation Research Board TRB Reserve Fund

1,700.41

$ 1,500

$ 264

$29

1,793

$ 3

1,796

1,682

 

1,700.41

$ 1,500

$ 264

$29

$1,793

$ 3

$ 1,796

$ 1,682

2. Restricted for Specific Purpose

               

a. Program

               

i. NAS - Outside Sources Arts in the Academy Fund

10.68

$ 4

$ 5

$ 1

$ 10

$ —

$ 10

$ 11

Basic Science Fund EarthSciences

1,063.41

500

278

160

938

2

940

1,052

Biology and Biotechnology Fund

836.81

420

108

119

647

2

649

828

Blakeslee Fund

2,213.92

887

289

611

1,787

4

1,791

2,189

Thomas Lincoln Casey Fund

5,902.91

258

1,980

2,312

4,550

11

4,561

5,838

Coca Cola Foundation Endowment Fund

101.94

50

15

16

81

81

101

Arthur L. Day Fund

15,250.19

3,813

3,917

4,208

11,938

29

11,967

15,081

Cecil and Ida Green Fund

1,333.82

467

193

412

1,072

3

1,075

1,319

 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Global Commons Project Fund

100.12

$ 39

$ 33

$ 14

$ 86

$ —

$ 86

$ 99

Houston Advanced Research Center

10

10

10

W. K. Kellogg Foundation Fund

38,173.64

20,000

4,735

5,975

30,710

72

30,782

37,751

Kobelt Fund

1,812.39

297

440

678

1,415

4

1,419

1,792

Andrew W. Mellon Foundation Fund

2,101.26

1,000

328

338

1,666

4

1,670

2,078

Postemployment Benefits

794.23

700

41

3

744

2

746

785

Frank Press Fund for Dissemination and Outreach

1,958.94

1,151

280

278

1,709

4

1,713

1,937

Arthur M. Sackler Colloquia of the NAS

639.25

625

40

665

27

692

632

Scientists and Engineers for the Future Fund

2,335.87

1,000

330

335

1,665

5

1,670

2,310

State Street Fund

0.00

792

792

792

609

 

74,629.38

$32,003

$13,022

$15,460

$60,485

$169

$60,654

$74,412

ii. NAS - Members Endowment(s)

               

Anthropology Fund

0.53

$ —

$ —

$ —

$ —

$ —

$ —

$ 1

Board on Chemical Sciences Fund

100.48

31

41

14

86

86

99

Board on Earth Sciences Fund

6.25

2

2

1

5

5

6

Board on Mathematical Sciences Fund

3.56

2

1

3

3

4

Board on Physical Sciences Fund

0.21

Board on Physics and Astronomy Fund

0.88

1

Committee on Human Rights Fund

218.24

121

61

22

204

204

216

Committee on International Security and Arms Control Fund

70.76

25

27

9

61

61

70

Committee on Life Sciences Fund

25.23

10

9

3

22

22

25

Embryology Fund

2.57

1

1

2

2

3

Environmental Studies Fund

0.44

1

Math and Science Education Endowment Fund

0.74

1

1

1

1

NAS Class I Fund

2.25

1

1

2

2

2

Section 14 Chemistry Discretionary Fund

32.85

11

12

5

28

28

33

The Family and Community Well-Being Fund

2.82

1

1

2

2

3

Abel Wolman Lecture Fund

0.22

 

468.03

$ 206

$ 156

$ 54

$ 416

$ —

$ 416

$ 465

iii. IOM

               

Consequences of Unisurance

1.42

$ 1

$ —

$ —

$ 1

$ —

$ 1

$ —

Dissemination Activities

2.31

2

2

2

3

Distinguished Scholar Fund

39.73

$12

$18

6

36

36

39

Food and Nutrition Board

1,356.80

525

385

211

1,121

3

1,124

1,342

Food and Nutrition Board Corporations Fund

405.65

125

168

54

347

1

348

401

Food and Nutrition Board Members Fund

13.33

4

7

1

12

12

13

 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Howard Hughes Medical Institute Fund

11,174.16

$5,000

$2,478

$1,955

$ 9,433

$21

$ 9,454

$11,051

Improving Health Policy Communication

1.11

1

1

1

2

Women's Health Issues Fund

47.56

20

17

7

44

44

47

 

13,042.07

$5,690

$3,073

$2,234

$10,997

$25

$11,022

$12,898

b. Prizes and Awards

               

i. NAS

               

American Psychological Association Science Directorate Fund

48.26

$ 30

$ 11

$ 5

$ 46

$—

$ 46

$ 48

Applied Mathematics and Numerical Analysis Fund

0.00

0

15

15

15

0

Henryk Arctowski Fund

2,384.72

96

1,171

693

1,960

5

1,965

2,359

Bache Fund

386.23

60

42

185

287

1

288

382

Blaauw Fund

819.38

71

246

313

630

2

632

810

John J. Carty Fund

644.70

25

290

215

530

1

531

638

Comstock Fund

572.44

10

278

163

451

1

452

566

Draper Fund

253.84

6

127

87

220

220

251

Elliot Fund

156.23

8

63

53

124

124

155

Estes Award in Social and Behavioral Sciences

237.03

80

67

39

186

186

235

Gibbs Brothers Fund

257.05

24

90

92

206

206

254

Gibbs Fund

134.99

5

50

59

114

114

134

Ralph E. Gomory Award for the Application of Science

372.45

179

85

62

326

1

327

368

Gould Fund

680.31

50

193

282

525

1

526

673

Joseph Henry Fund

462.06

40

71

230

341

1

342

457

Alexander Hollaender Award in Biophysics

270.47

100

88

40

228

1

229

268

Hunsaker Fund

291.42

25

124

94

243

1

244

288

Hunt Fund

144.82

10

83

33

126

126

143

Kovalenko Fund

971.10

49

452

296

797

2

799

960

Marsh Fund

204.12

10

41

98

149

149

202

George P. Merrill Fund

71.19

10

19

28

57

57

71

Monsanto Award in Molecular Biology

952.00

421

174

175

770

2

772

941

Murray Fund

191.71

6

101

45

152

152

190

NAS Award for Chemistry in Service to Society

344.98

182

54

48

284

1

285

341

NAS Award in Mathematics

55.00

54

0

0

54

54

54

NAS Award in Neurosciences

380.42

140

132

58

330

1

331

376

NAS Fund for Sciences and Technology in International Affairs

177.93

49

82

26

157

157

176

Pradel Fund

601.86

17

355

140

512

1

513

595

H. P. Robertson Lectureship Fund

215.31

20

88

70

178

178

213

Helen P. Smith Fund

464.83

67

175

141

383

1

384

460

Mrs. J. Lawrence Smith Fund

518.02

8

245

170

423

1

424

512

Thompson Fund

213.81

10

82

83

175

175

211

Troland Fund

3,244.36

506

1,435

1,128

3,069

6

3,075

3,209

USNC/IAU

111.51

100

11

111

111

110

Waksman Award

(6)

(6)

0.00

Walcott Fund

75.88

5

21

30

56

56

75

 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

G. K. Warren Fund

149.01

$ 15

$ 62

$ 49

$ 126

$ —

$ 126

$147

Watson Fund

1,011.55

25

508

275

808

2

810

1,000

 

18,070.99

$ 2,513

$ 7,131

$ 5,505

$ 15,149

$ 26

$ 15,175

$17,872

ii. IOM

               

Gustav O. Lienhard Award

2,963.98

$ 1,200

$ 873

$ 405

$ 2,478

$(498)

$ 1,980

$ 2,931

Rhonda and Bernard G. Sarnat International Prize in Mental Health

1,185.13

1,009

127

86

1,222

2

1,224

1,172

 

4,149.11

$ 2,209

$ 1,000

$ 491

$ 3,700

$(496)

$ 3,204

$ 4,103

c. The National Academies' Corporation

18,837.50

$ 11,677

$ 1,717

$ 2,805

$ 16,199

$ 36

$ 16,235

18,629

 

18,837.50

$ 11,677

$ 1,717

$ 2,805

$ 16,199

$ 36

$ 16,235

$ 18,629

d. Woods Hole

               

Peter C. Cornell Fund

240.62

$ 100

$40

$61

$201

$ 0

$ 201

$238

Erik Jonsson Woods Hole Fund

4,180.73

2,003

819

649

3,471

8

3,479

4,135

Penzance Foundation Fund

1,046.69

502

208

162

872

2

874

1,035

Woods Hole Endowment Fund

1,214.91

954

137

125

1,216

2

1,218

1,201

Woods Hole Fund

38.83

13

9

8

30

30

38

Richard King Mellon Foundation Fund

183.54

50

67

41

158

158

182

 

6,905.32

$ 3,622

$ 1,280

$ 1,046

$ 5,948

$ 12

$ 5,960

$ 6,829

e. Transportation Research Board Turner Award

0.00

$ 37

$1

$ —

$ 38

$ 2

$ 40

$0

 

0.00

$ 37

$1

$ —

$ 38

$ 2

$ 40

$0

f. PNAS Billings Fund

590.02

$ 50

$ 266

$ 167

$ 483

$ 1

$ 484

583

 

590.02

$ 50

$ 266

$ 167

$ 483

$ 1

$ 484

$ 584

B. Funds Functioning as Endowment

               

1. NAS - Prizes and Awards Henry G. Booker Fellowship Fund

23.90

$ 20

$ —

$ 3

$ 23

$ —

$ 23

$ 24

2. PNAS Proceedings of the National Academy of Sciences Fund

3,088.23

1,000

857

736

2,593

6

2,599

3,054

3. TNAC TNAC Capital Fund

2,329.85

1,595

378

283

2,256

4

2,260

2,304

 

5,441.98

$ 2,615

$ 1,235

$ 1,022

$ 4,872

$ 10

$ 4,882

$ 5,382

C. Restricted Contributions

               

1. NAS

               

a. Program

               

Basic Science Fund Various

$ —

$ 1

$ —

$ 1

$ —

$ 1

$ —

Slipher Fund

169

169

169

b. Prizes and Awards

         

Chemical Science Award Merck

272.43

278

1

279

1

280

270

Levison Memorial Fund

2

2

2

Richard Lounsbery Foundation Award

(23)

(23)

NAS Award for Initiatives in Research

(3)

(3)

NAS Libraries Project

         

4

4

NAS Award in Scientific Reviewing

(2)

(2)

NAS Support Staff Award

2

2

2

 

272.43

$ 278

$ 175

$ —

$ 453

$ (23)

$ 430

$ 270

TOTAL

275,946.02

$101,430

$51,418

$73,278

$226,126

$ 14

$226,140

$273,501

Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Endowment and Trust Investment Funds - Financial Detail of Funds for the Year Ended December 31, 2000

 

($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL

 

Fund Equity Dec. 31, 1999

Contributions

Income Earned

Capital Gains

Expenditures and Transfers

Fund Equity Dec. 31, 2000

A. Endowment

           

1. Unrestricted

           

a. NAS

           

Agassiz Fund

$ 487

$ —

$ 38

$—

$ (125)

$ 400

Carnegie Fund

27,098

2,695

(5)

(597)

29,191

Commonwealth Fund

1,704

155

(51)

1,808

Carl Eckart Fund

1,552

129

(448)

1,233

Ford Foundation Fund

17,043

1,560

(3)

(837)

17,763

Henrietta and Alexander Hollaender Fund

738

68

(52)

754

Grayce B. Kerr Fund

354

32

(17)

369

National Academy of Sciences Reserve Fund

77

55

846

978

Nealley Fund

180

15

35

230

Simon Ramo Fund

45

2

(15)

32

Rockefeller Foundation Fund

3,518

321

(1)

(238)

3,600

Dorothea and Herbert Simon Fund

402

8

37

(25)

422

Sloan Foundation Fund

3,520

321

(1)

(257)

3,583

Amy Prudden Turner Fund

103

9

(18)

94

Anonymous Endowment Fund

10,933

1,005

(2)

(388)

11,548

General Endowment Fund

6,317

1

590

(1)

(387)

6,520

Members Endowment Fund

3,560

90

312

(1)

(266)

3,695

 

$77,631

$ 99

$7,344

$(14)

$(2,840)

$82,220

b. IOM

           

General Endowment Fund

$ 1,043

$142

$ 93

$ —

$ (26)

$ 1,252

Robert Wood Johnson Foundation Fund

8,509

833

(2)

530

9,870

IOM Reserve Fund

552

52

604

Henry J. Kaiser Family Foundation Fund

685

74

759

IOM Kellogg Fund

309

15

324

IOM Members Dues

210

15

225

John D. and Catherine T. MacArthur Foundation Fund

8,511

821

(2)

206

9,536

Pharmaceutical Discretionary Fund

511

38

549

Pharmaceutical Endowment Fund

391

37

22

450

Miscellaneous - Private-Sector Fund

47

6

53

 

$20,768

$142

$1,984

$ (4)

$ 732

$23,622

c. Transportation Research Board TRB Reserve Fund

$ 1,676

$ —

$ 120

$ —

$ —

$ 1,796

 

$ 1,676

$ —

$ 120

$ —

$ —

$ 1,796

2. Restricted for Specific Purpose

           

a. Program

           

i. NAS - Outside Sources

           

Arts in the Academy Fund

$ 9

$ —

$ 1

$ —

$ —

$ 10

Basic Science Fund Earth-Sciences

865

75

940

Biology and Biotechnology Fund

636

59

(46)

649

Blakeslee Fund

1,737

162

(108)

1,791

Thomas Lincoln Casey Fund

4,412

414

(1)

(264)

4,561

Coca Cola Foundation Endowment Fund

80

6

(5)

81

Arthur L. Day Fund

10,363

1,151

1,060

(3)

(604)

11,967

 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Cecil and Ida Green Fund

$ 1,041

$ —

$ 94

$ —

$ (60)

$ 1,075

Global Commons Project Fund

$81

5

$86

Houston Advanced Research Center

11

(1)

10

W. K. Kellogg Foundation Fund

29,740

2,684

(6)

(1,636)

30,782

Kobelt Fund

1,370

127

(78)

1,419

Andrew W. Mellon Foundation Fund

1,615

149

(94)

1,670

Postemployment Benefits

1,569

52

(875)

746

Frank Press Fund for Dissemination and Outreach

1,710

2

135

(1)

(133)

1,713

Arthur M. Sackler Colloquia of the NAS

0

700

40

(48)

692

Scientists and Engineers for the Future Fund

1,593

164

(87)

1,670

State Street Fund

244

548

792

 

$57,076

$2,401

$5,227

$(12)

$(4,038)

$60,654

ii. NAS - Members Endowment(s)

           

Anthropology Fund

$ —

$ —

$ —

$ —

$ —

$ —

Board on Chemical Sciences Fund

79

7

86

Board on Earth Sciences Fund

5

5

Board on Mathematical Sciences Fund

3

3

Board on Physical Sciences Fund

1

1

Board on Physics and Astronomy Fund

Committee on Human Rights Fund

178

17

9

204

Committee on International Security and Arms Control Fund

55

3

3

61

Committee on Life Sciences Fund

20

2

22

Embryology Fund

2

2

Environmental Studies Fund

Math and Science Education Endowment Fund

1

1

NAS Class I Fund

2

2

Section 14 Chemistry Discretionary Fund

25

3

28

The Family and Community Well-Being Fund

2

2

Abel Wolman Lecture Fund

0

 

$ 373

$ 20

$ 24

$ —

$ —

$ 417

iii. IOM

           

Consequences of Unisurance

$—

$1

1

Dissemination Activities

2

2

Distinguished Scholar Fund

31

4

1

36

Food and Nutrition Board

1,181

98

(155)

1,124

Food and Nutrition Board Corporations Fund

319

29

348

Food and Nutrition Board Members Fund

12

0

12

Howard Hughes Medical Institute Fund

8,789

794

(2)

(127)

9,454

Improving Health Policy

1

1

Women's Health Issues Fund

40

4

44

 

$10,372

$ 8

$ 926

$ (2)

$ (282)

$11,022

 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

b. Prizes and Awards

           

i. NAS

           

American Psychological Association Science Directorate Fund

$ 47

$—

$ —

$—

$ (1)

$ 46

Applied Mathematics and Numerical Analysis Fund

30

 

(15)

15

Henryk Arctowski Fund

1,853

168

(56)

1,965

Bache Fund

281

28

(21)

288

Blaauw Fund

568

64

632

John J. Carty Fund

516

45

(30)

531

Comstock Fund

406

$46

$452

Draper Fund

198

22

220

Elliot Fund

118

11

(5)

124

Estes Award in Social and Behavioral Sciences

167

19

186

Gibbs Brothers Fund

185

21

206

Gibbs Fund

108

10

(4)

114

Ralph E. Gomory Award for the Application of Science

293

34

327

Gould Fund

473

53

526

Joseph Henry Fund

341

32

(31)

342

Alexander Hollaender Award in Biophysics

210

20

(1)

229

Hunsaker Fund

240

21

(17)

244

Hunt Fund

115

11

126

Kovalenko Fund

728

5

66

799

Marsh Fund

136

13

149

George P. Merrill Fund

51

6

57

Mithcell Prize

0

16

(16)

Monsanto Award in Molecular Biology

741

67

(36)

772

Murray Fund

114

14

24

152

NAS Award for Chemistry in Service to Society

259

26

285

NAS Award in Mathematics

58

4

(8)

54

NAS Award in Neurosciences

303

28

331

NAS Fund for Sciences and Technology in International Affairs

144

13

157

Pradel Fund

470

43

513

H. P. Robertson Lectureship Fund

173

15

(10)

178

Helen P. Smith Fund

361

33

(10)

384

Mrs. J. Lawrence Smith Fund

396

39

(11)

424

Thompson Fund

154

21

175

Troland Fund

2,886

228

(1)

(38)

3,075

UNSC/IAU

104

7

111

Waksman Award

(18)

14

(2)

(6)

Walcott Fund

51

5

56

G. K. Warren Fund

115

11

126

Watson Fund

760

71

(21)

810

 

$14,135

$35

$1,315

$ (1)

$(309)

$15,175

 
Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

ii. IOM

           

Gustav O. Lienhard Award

$ 2,148

$ —

$ 207

$ —

$ (375)

$ 1,980

Rhonda and Bernard G. Sarnat International

$0

         

Prize in Mental Health

1,252

86

(114)

1,224

 

$ 3,400

$ —

$ 293

$ —

$ (489)

$ 3,204

c. The National Academies' Corporation

$ 15,779

$ —

$ 1,334

$ (2)

$ (876)

$ 16,235

 

$ 15,779

$ —

$ 1,334

$ (2)

$ (876)

$ 16,235

d. Woods Hole

           

Peter C. Cornell Fund

$ 194

$ —

$ 17

$ —

$ (10)

$ 201

Erik Jonsson Woods Hole Fund

3,363

298

(1)

(181)

3,479

Penzance Foundation Fund

845

75

(46)

874

Woods Hole Endowment Fund

1,219

86

(87)

1,218

Woods Hole Fund

32

3

(5)

30

Richard King Mellon Foundation Fund

151

13

(6)

158

 

$ 5,804

$ —

$ 492

$ (1)

$ (335)

$ 5,960

e. Transportation Research Board

$ 34

$ 3

$ 3

$ —

$ —

$ 40

Turner Award

$ 34

$ 3

$ 3

$ —

$ —

$ 40

f. PNAS

           

Billings Fund

$ 441

$ —

$ 43

$ —

$ —

$ 484

 

$ 441

$ —

$ 43

$ —

$ —

$ 484

B. Funds Functioning as Endowment

           

1.NAS - Prizes and Awards Henry G. Booker Fellowship Fund

$ 23

$ 4

$ 1

$ —

$ (5)

$ 23

2. PNAS Proceedings of the National Academy of Sciences Fund

2,376

 

2,599

3. TNAC TNAC Capital Fund

1,736

168

162

194

2,260

 

$ 4,135

$ 172

$ 386

$ —

$ 189

$ 4,882

C. Restricted Contributions

           

1. NAS

           

a. Program

           

Basic Science Fund Various

$ 1

$ —

$ —

$ —

$ —

$ 1

Slipher Fund

144

17

8

169

b. Prizes and Awards

           

Chemical Science Award Merck

467

100

(287)

280

Levison Memorial Fund

2

2

Richard Lounsbery Foundation Award

(96)

93

(20)

(23)

NAS Award for Initiatives in Research

(22)

39

(20)

(3)

NAS Libraires Project

4

4

NAS Award in Scientific Reviewing

(11)

25

(16)

(2)

NAS Support Staff Award

2

2

 

$ 491

$ 274

$ 8

$ —

$ (343)

$ 430

TOTAL

$212,115

$3,154

$19,498

$(36)

$(8,591)

$226,140

Current market values are reported in Schedule 1-A.

Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Endowment and Trust Investment Pool -December 31, 2000

 

($ in thousands)

 

Balance Dec. 31, 1999 (at cost)

Additions (at cost)

Reductions *

Net Gain/(Loss)

Balance Dec. 31, 2000 (at cost) **

Quoted Market Dec. 31, 2000

Investment Income Year Ended Dec. 31, 2000

FIXED-INCOME SECURITIES (Schedule 2-A)

             

Cash Equivalents

$3,215

$1,622

$3,046

$—

$1,791

$1,791

$72

Bonds and Notes

76,450

1,422

2,555

(36)

75,281

73,235

4,775

Real Estate - Mortgages

10,841

1,040

9,801

9,711

946

Total Fixed-Income Securities

$90,506

$3,044

$6,641

$(36)

$86,873

$84,737

$5,793

EQUITY SECURITIES (Schedule 2-B)

121,831

14,049

153

135,727

188,764

13,272

TOTAL POOLED INVESTMENTS

$212,337

$17,093

$6,794

$(36)

$222,600

$273,501

$19,065

Less: Investment Advisory Fees

           

(91)

Net Investment Income

           

$18,974

*Reductions from sales, redemptions, or payoff of mortgage.

**Balance excludes short-term investments that are reported in Schedules 1-A and 1-B.

Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Endowment and Trust Investment Pool - Fixed-Income Securities December 31, 2000

 

($ in thousands)

 

Interest Rate

Maturity

Principal Amount

Cost

Quoted Market

CASH EQUIVALENTS

         

Admiral Money Market Fund

Variable (1)

Demand

$ 558

$ 558

$ 558

Fidelity Money Market Trust

Variable (2)

Demand

1,233

1,233

1,233

TOTAL CASH EQUIVALENTS

   

$ 1,791

$ 1,791

$ 1,791

BONDS AND NOTES

         

BZW Barclay's U. S. Debt Index Fund B

Variable (3)

Demand

$37,658

$37,658

$39,059

MAS Fixed Income II Institutional

Variable (4)

Demand

12,408

12,408

11,742

MAS High Yield Institutional Fund

Variable (5)

Demand

6,618

6,618

4,827

T. Rowe Price International Bond Fund

Variable (6))

Demand

2,834

2,834

2,453

Scudder International Bond Fund

Variable (7)

Demand

3,101

3,101

2,401

State Street Bank

Demand

244

244

852

U.S. Treasury Securities

05/15/23

5,998

5,998

6,458

Vanguard High-Yield Corporate

Variable (8)

Demand

6,420

6,420

5,443

TOTAL BONDS AND NOTES

   

$75,281

$75,281

$73,235

REAL ESTATE MORTGAGES

         

Bank of New York

9.125%

 

$ 8,047

$ 8,047

$7,957 *

Bank of New York

9.125%

 

1,754

1,754

1,754 *

TOTAL REAL ESTATE - MORTGAGES

   

$ 9,801

$ 9,801

$ 9,711

Current yield at December 31, 2000:

  1. 6.16%

  2. 6.49%

  3. 7.18%

  4. 6.90%

  5. 14.15%

  6. 4.58%

  7. 4.18%

  8. 10.34%

*recorded at cost

Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×

Endowment and Trust Investment Pool - Equity Securities December 31, 2000

 

($ in thousands)

 

Number of Shares

Cost

Quoted Market

Jones and Babson Enterprise Fund

821,348

$12,063

$10,242

Berkshire Hathaway, Inc.

258

1,128

18,318

Berkshire Hathaway, Inc. (Class B)

9

14

21

Capital International Emerging Market Fund

66,310

1,344

1,865

Chiron Corporation

9,756

205

434

Scudder International Fund

162,951

7,114

8,198

Templeton Emerging Market Fund

183,626

2,007

1,590

Templeton Foreign Equity Series

937,512

11,999

15,891

Vanguard Index Extended Institional Shares

590,549

18,104

15,720

Vanguard Institutional Index Fund

433,634

18,312

52,353

Vanguard International European Portfolio

364,025

6,655

9,477

Vanguard International Pacific Portfolio

223,246

2,507

1,998

Vanguard International Growth Portfolio

321,445

4,039

6,066

Vanguard International Value

166,750

4,624

4,341

Vanguard Small Capitalization Institional Portfolio

755,802

17,291

14,693

Vanguard Windsor Fund

1,172,915

18,889

17,934

Warburg Pincus Instiutional Emerging Market Fund

190,811

2,145

1,593

Subtotal

 

$128,440

$180,734

Private Placements

     

Belmont II Limited Partners

2

Commonfund, III (IPEP)

175

121

Commonfund, IV (EPEP)

150

139

Capital Z, (IP, II)

2,017

2,017

Goldman Sachs

994

994

Insurance Partners, I

1,318

1,318

MIT Private Equity Fund

750

750

New Enterprise Associates

540

124

The Investment Fund Foundation

1,343

2,565

Subtotal

 

$7,287

$8,030

TOTAL EQUITY SECURITIES

 

$135,727

$188,764

Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
×
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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Suggested Citation:"I. Investments." National Academy of Sciences. 2001. Report of the Treasurer to the Council for the Year Ended December 31, 2000. Washington, DC: The National Academies Press. doi: 10.17226/10154.
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