I. Investments



The National Academies | 500 Fifth St. N.W. | Washington, D.C. 20001
Copyright © National Academy of Sciences. All rights reserved.
Terms of Use and Privacy Statement



Below are the first 10 and last 10 pages of uncorrected machine-read text (when available) of this chapter, followed by the top 30 algorithmically extracted key phrases from the chapter as a whole.
Intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text on the opening pages of each chapter. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

Do not use for reproduction, copying, pasting, or reading; exclusively for search engines.

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 I. Investments

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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    

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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    

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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    

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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    

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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    

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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    

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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    

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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    

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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).   —  

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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.

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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  

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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  

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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  

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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  

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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  

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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  

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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.

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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.

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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: 6.16% 6.49% 7.18% 6.90% 14.15% 4.58% 4.18% 10.34% *recorded at cost

OCR for page 5
REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES: For the Year Ended December 31, 2000 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