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OCR for page 7
I. Investments
7
OCR for page 7
SCHEDULE 1
Endowment and Trust Investment Funds - Description of Funds from
Inception for the Year Ended December 3], 2002
~ ENDOWMENT
A Unrestricted
1. NAS Unrestricted Endowment
Agassiz Fund - Bequest of Alexander Agassiz, a member of the Aeademy.
Carnegie Fund - Balance of gift of $5,000,000 of the Carnegie Corporation of New York, for the
purposes of the National Aeademy of Sciences/National Research Council, $1,725,000 of
which has been used to cover the cost of the Aeademy building and the acquisition of other
property.
Commonwealth Fund - A grant of the Commonwealth Fund for capital endowment of the
Academy.
Carl Eekart Fund - Bequest of Carl Eckart received for general purposes of the Academy.
Ford Foundation Fund - A grant of the Ford Foundation for capital endowment of the Aeademy
Henrietta and Alexander Hollaender Fund - A bequest to the Aeademy from Dr. Alexander and
Mrs. Henrietta Hollaender.
Grayee B. Kerr Fund - A grant from Grayee B. Kerr Fund for general purposes of the Aeademy
Nealley Fund - Bequest of George True Nealley for general purposes of the Aeademy.
Simon Ramo Fund - A gift from Simon Ramo for general purposes of the Aeademy.
Rockefeller Foundation Fund - A grant of the Rockefeller Foundation to the National Aeademy
of Sciences for general purposes.
Dorothea and Herbert Simon Fund - A gift from Dorothea and Herbert Simon for general
purposes of the Aeademy.
Sloan Foundation Endowment Fund - A grant of the Alfred P. Sloan Foundation for general
purposes of the Aeademy.
Amy Prudden Turner Fund - Bequest of Amy Prudden Turner for general purposes of the
Aeademy to serve as a memorial to her husband Scott and herself.
Anonymous Endowment Fund - A gift for general purposes of the Aeademy from a donor who
wishes to remain anonymous.
General Endowment Fund - Bequest of David Lloyd Fillman and others for general purposes of
the Aeademy. By action of the Council, the International Critical Tables were transferred
into this fund during fiscal year 1976, and proceeds from the sale of the Audubon Folios
were transferred in fiscal year 1981.
Members Endowment Fund - Contributions from various members to be used for general
purposes of the Aeademy.
Subtotal: NAS Unrestricted Endowment
2. IOM Unrestricted Endowment
General Endowment Fund - Contributions from various sources including members of the
,
Institute of Medicine, for capital endowment of the IOM.
Robert Wood Johnson Foundation Fund - An endowment grant, the income from which is to be
used for core support of the Institute of Medicine.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
8
Capital Contribution
Column 1 of
Schedule 1-A
$ 50,000
3,275,000
500,000
1,228,130
5,000,000
500,000
250,000
19,556
14,000
1,000,000
586,623
1,000,000
29,662
7,146,660
3,152,095
2,488,967
$26,240,693
$ 985,473
5,000,000
OCR for page 7
SCHEDULE 1
Endowment and Trust Investment Funds - Description of Funds from
Inception for the Year Ended December 31, 2002
IOM Kellogg Fund - A grant from the Kellogg Foundation to be used for general purposes of
IOM.
IOM Members' Dues
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.
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.
Pharmaceutical Discretionary Fund - A grant from W. K. Kellogg to further the IOM's long-
range program development.
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.
Miscellaneous Private Sector- Contributions of Kaiser Permanente to be used for core support
requirements of the Institute of Medicine.
Subtotal: IOM Unrestricted Endowment
B. Restricted for Specif c Purpose
1. Program
a. NAS Restricted Program
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.
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.
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.
Blakeslee Fund - Bequest of Albert Francis Blakeslee, the income from which is to be used in
support of genetics research.
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.
The Coca-Cola Foundation Fund - A grant to be used for initiatives in precollege science and
mathematics education.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
Capital Contribution
Column 1 of
Schedule 1-A
$ 282,500
197,500
488,485
5,000,000
480,000
259,448
26,346
$12,719~752
$ 3,934
500,000
420,232
886,902
258,081
50,000
9
OCR for page 7
SCHEDULE 1
Endowment and Trust investment Funds - Description of Funds from
Inception for the Year Ended December 3], 2002
Henry & Bryna David Endowment - A bequest of Henry and Bryna David for the establishment
and funding of the Henry and Bryna David Endowment to support the communication of
insights and discoveries from the social and behavioral sciences to policy makers and other
decision makers to promote informed public policy and staff development through various
Academy activities.
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.
Cecil and Ida Green Fund - A gift from Cecil and Ida Green for general purposes of the
Academy.
Global Commons Proiect Fund
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.D. education,
assuring access to quality health care, assessing the role of biotechnology in the future of
agriculture, and similar issues as they arise.
Kobelt Fund - Bequest of Nina I. Kobelt to be used for research scholarships for worthy
students.
Andrew W. Mellon Foundation Fund - A grant from the Andrew W. Mellon Foundation to
endow a program of Academy-initiated studies.
The George and Cynthia Mitchell Endowment for Sustainability Science at the National
Academy of Sciences - Contribution from the George and Cynthia Mitchell Foundation to
be held and used by the Academy in perpetuity to guide academic, government and other
institutions in the development of sustainability science and to encourage the world's
business community to apply knowledge from this new field in business practices.
The Kumar and Shela Patel Endowment for US-India Dialogs - To support US-India scientific
and technical communication and dialog through various Academy activities.
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 the
Academy's complex knowledge and resources with the policy making community and the
general public.
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.
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.
NAS Members Endowmentts) - Additional member contributions that have been designated for
special purposes, such as the Board on Chemical Sciences Fund, the Committee on Human
Rights Fund, the Committee on International Security and Arms Control Fund,
and the Section 14 Chemistry Discretionary Fund.
Subtotal: NAS Restricted Program
For endowment contributions, the capital is typically restricted and the income is unrestricted.
10
Capital Contribution
Column 1 of
Schedule 1-A
$ 850,000
5,047,846
467,256
39,058
20,000,000
296,593
1,000,000
2,000,000
600,000
1,150,755
1,875,000
1,000,000
242,215
$36,687,872
OCR for page 7
SCHEDULE 1
Endowment and Trust Investment Funds - Description of Funds from
Inception for the Year Ended December 3l, 2002
b. IOM Restricted Program
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.
Consequences of Uninsuranee
Dissemination Activities
Food and Nutrition Board Fund- Grant of $250,000 to the Institute of Medicine as a
contribution to the endowment fund to support eve activities of the Food and Nutrition
Board. This award was contingent on the Institute of Medieine transferring a matching
amount from the 1986 unrestricted contribution from the Kaiser family for general eve
support of the Institute. Further contributions to the FNB endowment would be matched
by one dollar from earlier grant for every two dollars of new contributions.
Food and Nutrition Board Corporations Fund- Contributions from Monsanto Company and
Nestle, USA, Ine., to provide support for FNB activities.
Food and Nutrition Board Members Fund- Contributions from various members to be used
for general purposes of the Food and Nutrition Board.
Howard Hughes Medical Institute Fund- Contribution for the exclusive use of the Institute of
Medieine to initiate and maintain a program of studies whose n~,rnn.ce. in to foster the.
translation of science into advances in health.
Improving Health Policy Communication
- r-r~~~ A
The Riehard and Hinda Rosenthal Lecture Series - Through the generosity of the Riehard and
Hinda Rosenthal Foundation, a lecture series was established in 1988. In 2000, the Riehard
and Hinda Rosenthal Lecture Series was endowed at the Institute of Medieine of the
National Academy of Sciences to bring greater attention to some of the critical
health policy issues facing the country.
Women's Health Issues Fund- Contribution from Syntex (U.S.A.), Ine., to be used for
purposes related to women's health issues.
Subtotal: IOM Restricted Program
2. Prizes and Awards
a. NAS Prizes arid Awards
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.
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 Aretowska in memory of her husband Henryk
Aretowski, for the promotion and study of solar activity changes of short or long
duration and their effects upon the ionosphere and terrestrial atmosphere.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
Capital Contribution
Column 1 of
Schedule 1-A
up
16,550
6,795
84,195
525,000
125,000
3,800
5,000,000
6,225
400,000
20.000
$ 6,187,565
$ 30,000
95,736
11
OCR for page 7
SCHEDULE 1
Endowment and Trust Investment Funds - Description of Funds from
Inception for the Year Ended December al, 2002
B ache Fund - Bequest of Alexander Dallas Bache, a member of the Academy, to aid research in
the physical and natural sciences.
Blaauw Fund - Bequest of Marianne Blaauw to establish the Edmond and Marianne Blaauw
Fund to support research in the field of ophthalmology.
John J. Carty Fund - Gift of the American Telephone and Telegraph Company in recognition of
the distinguished achievements of John J. C arty 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.
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.
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.
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.
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 Division of Behavioral and Social Sciences and Education.
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.
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.
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.
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 B ache Gould received in 1954, and bequest of $10,000 from the estate of Elizabeth
Chandler Hockley received in 1979.
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.
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.
Hunsaker Fund - Gift of Mr. and Mrs. J. C. Hunsaker to found an Academy award in the
field of aeronautical engineering.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
12
Capital Contribution
Column 1 of
Schedule 1-A
$ 60,000
71,299
25,000
10,400
6,000
8,000
79,849
24,000
5,173
179,046
50,000
39,740
100,000
24,750
OCR for page 7
SCHEDULE 1
Endowment and Trust Investment Funds - Description of Funds from
Inception for the Year Ended December 3I, 2002
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.
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.
Marsh Fund - Bequest of Othniel Charles Marsh, a member of the Academy, to promote
original research in the natural sciences.
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.
Monsanto Award in Molecular Biology - A grant from the Monsanto Comnanv for an award
~ ~ ~ ,
to be given in recognition of contributions in the field of molecular biology.
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.
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.
National Academy of Sciences Award in Mathematics - Established by the American
Mathematical Society for a prize to be awarded every four years in mathematics.
National Academy of Sciences Award in Chemical Sciences - An annual award currently
sponsored and endowed by The Merck Company Foundation to recognize distinction in
research and broad fundamental impact in pure chemistry. This award was originally
established by the Occidental Petroleum Corporation in honor of Armand Hammer.
National Academy of Sciences Award in Neuroscience - Established by the Fidia Research
Foundation for an award in neuroscience, to be given every three years.
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.
Pradel Fund - A bequest of Jules Pradel to be applied to work on the human central nervous
system and allied subjects.
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.
Helen P. Smith Fund - A bequest of Helen P. Smith in memory of her husband, Gilbert Morgan
Smith, to establish a biannual medal and honorarium to be conferred in recognition of
published research in marine and freshwater algae.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
Capital Contribution
Column 1 of
Schedule 1-A
$ 10,465
59,109
10,000
10,000
421,374
6,000
181,838
53,597
478,277
140,206
49,119
16,392
20,325
67,107
13
OCR for page 7
SCHEDULE 1
Endowment ant] Trust Investment Funds - Description of Punds from
Inception for the Year Ended December 31, 2002
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.
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 important services to
geology and paleontology.
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.
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 discoveries pre-Cambrian or Cambrian life and
history shall be judged most meritorious; the award is to be known as the Charles Doolittle
Walcott Medal.
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.
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.
Subtotal: NAS Prizes and Awards
b. IOM Prizes arid Awards
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.
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.
Subtotal: IOM Prizes and Awards
3. The National Academies' Corporation (TNAC) Restricted Endowment - An endowment
from the Arnold and Mable Beckman Foundation for operating and program uses. The
Beckman endowment is invested by the NAS on behalf of TNAC.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
14
Capital Contribution
Column 1 of
Schedule 1-A
$ 8,000
10,000
505,359
10,000
5,000
15,000
25,000
$ 2,911,161
$ 1,200,000
1,009,179
$ 2 209 179
. .
$12,1 12,013
OCR for page 7
SCHEDULE 1
Endowment and Trust Investment Funds - Description of Funds from
Inception for the Year Ended December 3], 2002
4.Woods Hole Restricted Endowment
Peter C. Cornell Trust Fund - To memorialize Detlev W. Bronk a former member and pres ident
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.
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.
Penzance Foundation Fund - A grant for the J. Erik Jonsson Woods Hole Study Center especially
for support of the property's Clark Carriage House.
Woods Hole Endowment- Contributions from the Brown Foundation and various individuals
for maintenance of the Woods Hole Study Center.
Woods Hole Fund - Contributions from various individuals for maintenance of the Woods Hole
Study Center.
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.
Subtotal: Woods Hole Restricted Endowment
5. Transportation Research Board Restricted Endowment
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.
6. PEAS Restricted Endowment
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.
II. FUNDS FUNCTIONING AS ENDOWMENT
A. Unrestricted Funds
National Academy of Sciences Reserve Fund
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.
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.
Subtotal: Funds Functioning as Endowment, Unrestricted
For endowment contributions, the capital is typically restricted and the income is unrestricted.
Capital Contribution
Column 1 of
Schedule 1-A
$ 100,000
2,002,500
502,500
964,240
12,874
50,000
$ 3,632,114
$ 37,750
$ 50,102
$ 1,307,024
500,000
1,500,000
$ 3.307,024
15
OCR for page 7
SCHEDULE 1
Endowment and Trust Investment Funds - Description of Funds from
Inceptio'~ for the Year Ended December 3l, 2002
B. Restrictedfora Specific Purpose
Postemployment Benefits
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.
Proceedings of the National Academy of Sciences Fund
TNAC Capital Fund
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.
Subtotal: Funds Functioning as Endowment, Restricted for a Specific Purpose
III. RESTRICTED CONTRIBUTIONS
A. NAS
1. Programed
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).
Martian E. Koshland Science Museum - A gift from Daniel E. Koshland, Jr. and the Koshland
Memorial Foundation in memory of Marian E. Koshland for the planning, designing,
construction, and operation of a museum to be known as the Marian E. Koshland Science
Museum for the purposes of promoting the public understanding of science and the public
display of scientific exhibitions.
Arthur M. Sackler Colloquia of the National Aeademy of Sciences Fund - A gift from Mrs.
Arthur M. Sackler to fund the annual operations of a series of scientific symposia that
promote interaction among world-class researchers in rapidly advancing scientific fields.
Slipher Fund - Bequest of V. M. Slipher, a member of the Aeademy, 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 Aeademy. Income distributions may be fully
disbursed by the Aeademy in the year of receipt.
Subtotal: NAS Restricted Contributions - Program
For endowment contributions the capital is typically restricted and the income is unrestricted.
16
Capital Contribution
Column 1 of
Schedule 1-A
$ 700,000
19,826
1,000,000
1,595,306
100,000
$ 3,415,132
up
5,000,000
200,000
$ 5,200,000
OCR for page 7
SCHEDULE 1
Endowment and Trust Investment Funds - Description of Punds from
Inception for the Year Ended December Al, 2002
2. Prizes arid Awards
Levison Memorial Fund- Contributions from various sources established by the Council of the
National Academy of Seienees to encourage staff development, training, and commitment
within the Division of Behavioral and Social Seienees and Education (DBASSE). Funds
will be made available on a ease-by-ease basis as supplemental support for development
activities. A prize may be awarded to a DBASSE staff member who exerts notable and
unusual effort toward improving the quality of working life in DBASSE.
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 Seienees 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 in Scientific Reviewing - Funds contributed by Annual Reviews Ine. 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.
Subtotal: NAS Restricted Contributions - Prizes and Awards
Grand Total
Capital Contribution
Column 1 of
Schedule 1-A
$ O
$1 14,710,357
Note: Items that have a "" in the Capital Contribution column are those with no contribution this year but that have activity in the investment pool. In
most cases, there is short-term investment activity.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
17
OCR for page 7
B. Restricted for Specific Purpose
1. P~-og~-am
a. NAS
SCHEDULE 1-A
Endowment and Trust Investment Punds - Financial Detail
of Funds frown Inception for the Period Ended December 31, 2002
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Cumulative Fund Market
Reinvestment Cumulative Total Cash and Equity Values
of Earned Realized Pooled Accrued Dec. 31, Dec. 31,
Contribution Income Gains Investments Income 2002 2002
-
I. Endowment
A. Unrestricted
1. NAS
Agassiz Fund $ 50 $ 59 $ 279 $ 388 $ $ 388 $ 424
Carnegie Fund 3 275 4 579 20 460 28 314 97 28 411 28 725
Commonwealth Fund 500 262 994 1756 6 1762 1655
Carl Eckart Fund 1 228 144 421 1 793 23 1 816 1 939
Ford Foundation Fund 5 000 2 659 9 595 17 254 57 17 311 16 624
Henrietta arid Alexander Hollaender Fund 500 70 175 745 (11) 734 725
Grayce B. Kerr Fund 250 15 80 345 15 360 339
Nealley Fund 20 26 161 207 18 225 164
Simon Ramo Fund 14 4 9 27 4 31 24
Rockefeller Foundation Fund 1000 545 1 950 3 495 41 3 536 3 416
Dorothea and Herbert Simon Fund 586 22 162 770 9 779 732
Sloths Foundation Fund 1000 546 1933 3 479 64 3 543 3 418
Amy Prudden Turner Fund 30 2 60 92 1 93 94
Anonymous Endowment Fund 7 147 1 182 2 894 11 223 202 11 425 10634
General Endowment Fund 3 152 789 2 390 6 331 117 6 448 6 239
Members Endowment Fund 2 489 363 833 3 685 61 3 746 3 403
$26 241 $1 1 267 $42 396 $79 904 $704 $80 608 $78 555
2. IOM
General Endowment Fund $ 985 $ 249 $ 222 $ 1456 $189 $ 1645 $ 1212
Robert Wood Johnson Foundation Fund 5 000 1 527 2937 9 464 63 9 527 8 885
IOM Kellogg Fund 283 55 11 349 2 351 272
IOM Members Dues 198 38 7 243 243 190
Henry J. Kaiser Family Foundation Fund 489 73 167 729 21 750 700
John D. arid Catherine T. MacArthur
Foundation Fund 5 000 1 439 2698 9 137 30 9 167 8 766
Pharmaceutical Discretionary Fund 480 94 17 591 (32) 559 463
Pharmaceutical Endowment Fund 259 71 101 431 34 465 396
Miscellaneous Private Sector Fund 26 14 12 52 (2) 50 47
$12 720 $ 3 560 $ 6 172 $22 452 $305 $22 757 $20 931
Arts ill the Academy Fund $ 4 $ 5 $ 1 $ 10 $ $ 10 $ 9
Basic Science Fund - Earth Sciences 500 226 194 920 1 921 803
Biology and Biotechnology Fund 420 63 145 628 3 631 631
Blakeslee Fund 887 177 681 1 745 3 1 748 1665
Thomas Lincoln Casey Fund 258 1 666 2497 4421 15 4436 4480
Coca-Cola Foundation Fund 50 10 19 79 79 77
I-lenry and Bryna David Endowment 850 22 (7) 865 2 867 771
Arthur L. Day Fund 5048 3 184 4693 12925 38 12963 12588
Cecil arid Ida Green Fund 467 122 454 1043 4 1047 1012
Global Commons Project Fund 39 38 17 94 94 85
Houston Advanced Research Center 11 11 11
18
OCR for page 7
2. Prize.s alla Awards
a. NAS
An Eric Psvcholouical Association
SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds from inception for the Period Ended December 31, 2002
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Cumulative
Reinvestment Cumulative Total
of Earned Realized Pooled
Contribution Income Gains Investments
_
Fund Market
Cash and Equity Values
Accrued Dec. 31, Dec. 31,
Income 2002 2002
W. K. Kellogg Foundation Fund $20,000 $2,716 $ 7,180 $29,896 $ 98 $29,994 $28,921
Kobelt Fund 297 344 735 1,376 5 1,381 1,376
Andrew W. Mellon Foundation Fund 1,000 215 404 1,619 6 1,625 1,586
The George and Cynthia Mitchell
Endowment for Sustainability
Science at NAS 2,000 17 (31) 1,986 6 1,992 1,892
The Kumar and Shela Patel
Endowment for US-India Dialogs 600 27 19 646 2 648 512
Frank Press Fund for Dissemination
and Outreach 1,151 178 339 1,668 4 1,672 1,477
Arthur M. Sackler Colloquia of the
NAS 1,875 98 11 1,984 31 2,015 1,665
Scientists and Engineers for the
Future Fund 1,000 204 408 1,612 6 1,618 1,772
NAS Members Endowment(s) 242 179 67 488 (5) 483 428
$36,688 $9,502 $17,826 $64,016 $219 $64,235 $61,750
b. 1OM
Distinguished Scholar Fund $ 17 $ 20 $ 7 $ 44 $ (3) $ 41 $ 36
Consequences of Uninsurance 7 7 7 6
Dissemination Activities 84 1 (1) 84 84 77
Food arid Nutrition Board Fund 525 449 254 1,228 (72) 1,156 1,146
Food and Nutrition Board
Corporations Fund 125 187 66 378 1 379 343
Food and Nutrition Board Members
Fused 4 7 1 12 1 13 12
I-Iowa-d Hughes Medical Institute
Fused 5,000 2,236 2,313 9,549 (472) 9,077 8,780
I~p~ovi'~g Health Policy
Communication 6 6 1 7 6
Richard arid Hinda Rosenthal Lecture
Series 400 12 412 (2) 410 358
Wo~ne'~'s Health Issues Fund 20 19 9 48 48 40
$ 6,188 $2,931 $ 2,649 $11,768 $(546) $11,222 $10,804
Science Directorate Fund $ 30 $ 13 $ 7 $ 50 $ (9) $ 41 $ 41
Applied Mathematics and Numerical
Analysis Fund 1 1 1 2
Ile'~-yk Arctowski Fund 96 1,198 769 2,063 3 2,066 1,939
Bale Fund 60 23 198 281 1 282 292
Blaauw Fund 71 208 339 618 2 620 620
John J. Carty Fund 25 320 235 580 1 581 545
Co~nstock Fund 10 305 181 496 1 497 484
Dripper Fund 6 117 96 219 (4) 215 195
Elliot Fund 8 71 58 137 137 132
19
OCR for page 7
SCHEDULE 1-A
Endowment am Trust Investment Punds - Financial Detail
of Funds from Inception for the Period Ended December 31, 2002
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Cumulative
Reinvestment Cumulative
of Earned Realized
Contribution Income Gains
Fund Market
Total Cash and Equity Values
Pooled Accrued Dec. 31, Dec. 31,
Investments Income 2002 2002
-
Estes Award in Social and Behavioral
Sciences
Gibbs Brothers Fund
Gibbs Fund
Ralph E. Gomory Award for the
Application of Science
Gould Fused
Joseph Henry Fund
Alexander Hollaender Award in
Biophysics
Husker Fund
Fra'~kli~ Livingston Hunt Fund
Kovalenko Fund
Marsh Fund
George P. Merrill Fund
Monsanto Award in Molecular
Biology
Murray Fund
NAS Award for Chemistry in Service
to Society
NAS Award in Mathematics
NAS Award in Chemical Sciences
NAS Award in Neurosciences
NAS Fund for Sciences and
Technology in International Affairs
Pradel Fused
H. P. Robertson Lectureship Fund
Helens P. Smith Fund
Me s. J. Lawrence Smith Fund
Tho~pso'~ Fund
Trolled Fund
Waks~na'~ Award
Walcott Fund
G. K. Warren Fund
W.~tso,~ Fund
b. IOM
Grist TV O. Lienhard Award
Rho'~da arid Bernard G. Sarnat
International Prize in Mental Health
3. The National Academies Corporation
20
$ 80
24
5
179
50
40
100
25
10
59
10
10
421
6
182
54
478
140
49
16
20
67
8
10
505
10
5
15
25
$ 78
80
50
76
160
48
75
138
90
467
31
15
155
92
46
3
118
90
383
87
197
269
92
1 369
13
58
525
$ 47
101
64
74
305
246
49
104
38
327
105
30
206
51
60
2
(1)
70
32
159
77
155
186
90
1 232
33
54
308
$ 205
205
119
329
515
334
224
267
138
853
146
55
782
149
288
59
477
328
171
558
184
419
463
192
3 106
10
51
127
858
$ 205
207
112
(2)
1
2
(1)
1
(1)
(4)
(23)
1
2
(3)
1
2
(3)
(2)
(15)
(3)
(3)
24)
327
516
336
223
268
138
8s3
46
As
783
148
289
ss
4s4
329
171
s60
181
420
46s
189
3,104
(s
48
124
834
$ 200
204
102
291
514
349
206
246
122
803
54
s4
749
146
270
46
389
294
150
508
172
393
438
181
2,548
s4
116
828
$ 2,909 $7,061 $6,087 $16,057 $ (81) $15,976 $14,775
$ 1,200 $1,011 $ 499 $ 2,710
1,009 183 123 1,315
$(624) $ 2,086 $ 2,504
(150) 1,165 1,001
$ 2,209 $1,194 $ 622 $ 4,025 $(774) $ 3,251 $ 3,sos
$12,112 $1,161 $3,39s $16,668 $ s2 $16,720 $15,020
$12,1 12 $1,161 $3,39s $16,668 $ s2 $16,720 $15,020
OCR for page 7
SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds fro no Inception for the Period Ended December 31, 2002
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Cumulative
Reinvestment Cumulative
of Earned Realized
Contribution Income Gains
Fund Market
Total Cash and Equity Values
Pooled Accrued Dec. 31, Dec. 31,
Investments Income 2002 2002
4. Woods Hole
Peter C. Cornell Fund $ 100
J. Erik Poisson Woods Hole Fund 2,003
Penzance Foundation Fund 503
Woods ~ Iole Endowment Fund 964
Woods Hole Fund 13
Richard King Mellon Foundation Fund 50
Transportation Research Board
Turner Award
6. PNAS
Billings Fused
II. Funds Functioning as Endowment
A. Unrestricted
National Academy of Sciences Reserve Fund
IOM Reserve Fused
TRB Reserve Fused
B. Restricted for a Specific Purpose
Postemployment Benefits
Henry G. Booker Fellowship Fund
Proceedings of the National Academy of
Sciences Fused
TNAC Capital Fused
USNC/IAU
III. Restricted Co~tributio'~s
A. NA:S
1.
do
27
597
152
73
7
57
$ 69
782
196
164
9
47
$ 196
3,382
851
1,201
29
154
196 $ 182
3,393 3,156
853 790
1,204 925
29 29
154 139
$ 3,633 $ 913 $ 1,267 $ 5,813 $ 16 $ 5,829 $ 5,221
$ 38 $ 2 $
$ 38 $ 2 $ $ 40 $ 1 $ 41 $
$ 40 $ 1 $ 41 $
$ 50 $ 293 $ 185 $ 528 $ 2 $ 530 $ 498
$ 50 $ 293 $ 185 $ 528 $ 2 $ 530 $ 498
$ 1,307
500
1,500
$ 3 307 $ 505 $ 166 $ 3,978 $ (15) $ 3,963 $ 3,049
_ ~
39
122
344
$ 58
26
82
$ 1,404
648
1,926
$ (20) $ 1,384 $ 1,126
1 649 487
4 1,930 1,436
$ 700
20
1,000
1,595
100
$ 78
2
1,001
386
16
$ 28 $ 806
26
833
356
4
2,834
2,337
120
$ 3 $ 809 $ 671
26 27
9
6
2,843 2,609
2,343 1,867
120 94
$ 3,415 $ 1,483 $ 1,225 $ 6,123 $ 18 $ 6,141 $ 5,268
Progr.~n
Basic Science Fund - Various $ $
M. E. Koshla'~d Fund
5,000
Arthur M Sackler Colloquia of the NAS 200
Slipher Fund
2. Prizes arid Awards
Levis Memorial Fund
Richer cl Lou'~sbery Foundation Award
NAS Award ill Scientific Reviewing
NAS Award for Initiatives in Research
NAS Libraries Project
NAS Support Staff Award
TOTAL
393
162
$ $ 1 $
5,393
362
2 2
$ 5,200 $ 560 $ $ 5,760 $(1,416) $ 4,344 $
$1 14 710 $40,432 $81,990 $237,132 $(1,515) $235,617 $219,376
,
$ 1 $
(922) 4,471
(395)
(12)
(33)
(12)
2
(86) (86)
(2) (2)
(3) (3)
4 4
2
21
OCR for page 7
SCHEDULE 1-B
Endowment and Trust Investment Funds - Financial Detail
of Funds fo,- tile Year Ended December Al, 2002
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Fund Fund
Equity Expenditures Equity
Dec. 31, Earned Realized and Dec. 31,
2001 Contributions Income Loss Transfers 2002
I. Endowment
A. Unrestricted
1. NAS
Agassiz Fused
Carnegie Fund
Co~nmo'~wealth Fund
Carl Eckart Fund
Ford Foundation Fund
Henrietta arid Alexander Hollaender Fund
Grayce B. Kerr Fund
Nealley Fused
Simon Ramo Fund
Rockefeller Foundation Fund
Dorothea arid Herbert Simon Fund
Sloan Foundation Fund
Allay P~-~clde~ Turner Fund
Ai~o~yn~ous Endowment Fund
General Endowment Fund
Members Endowment Fund
18
364
$ 407 $ $
29 669
1 835
1 883
18 039
766
375
232
33
3 686
434
3 693
97
1 1 890
6 720
3 824
$ 83 583 $453 $1 634 $(122) $(4 940) $80 608
-
9 $ (1)
599 (44)
34 (3)
40 (3)
347 (26)
15 (1)
7 (1)
3
71
13
71
2
222
2 130
69 71
(5)
(2)
(5)
6)
0)
(s)
$ (27)
(1 813)
(104)
(122)
(1 049)
(46)
(21)
(10)
(2)
(216)
(30)
(216)
(6)
(671)
(394)
(213)
$ 388
28411
1 762
1 816
17311
734
360
225
31
3 536
779
3 543
93
1 1 425
6448
3 746
2. IOM
Ge'~e~al Endowment Fund $ 1 587 $ 91 $ 25 $ (2) $ (56) $ 1645
Robert Wood Johnson Foundation Fund 9 898 183 (16) (538) 9 527
IOM Kellogg Fund 345 6 351
IOM Members Dues 239 4 243
Heresy J. Kaiser Family Foundation Fund 779 14 (1) (42) 750
John D. arid Catherine T. MacArthur
Fo~datio'~ Fund 9 531 181 (16) (529) 9 167
Pha~-~n ~ce~tical Discretionary Fund 551 9 (1) 559
Pha~-~aceutical Endowment Fund 482 8 (1) (24) 465
Miscellaneous Private Sector Fund 52 _ 1 (3) 50
$23464 $ 91 $ 431 $ (37) $(1 192) $22757
B. Restricted for Specific Purpose
1. PI o,`'r.lm
a. NAS
Arts ilk the academy Fund $ 10 $ $ $ $ $ 10
Basic Science Fund - Earth Sciences 957 17 (2) (51) 921
Biology and Biotechnology Fund 659 13 (1) (40) 631
Bl ~keslee Fund 1 818 36 (3) (103) 1748
Thomas Lincoln Casey Fund 4 633 92 (8) (281) 4 436
Coca-Cola Foundation Fund 82 _ 2 (5) 79
levy and Bryna David Endowment 864 16 (1) (12) 867
A~-tl~r L. Day Fund 13 472 265 (22) (752) 12963
Cecil acid Ida Green Fund 1 091 21 (2) (63) 1 047
Global Commons Project Fund 92 2 94
Ilo~ston Advanced Research Center 10 1 11
Current market values are reported in Schedule 1-A.
22
OCR for page 7
SCHEDULE 1-B
Endowment and Trust Investment Funds - Financial Detail
of Funds for the Year Ended December 3], 2002
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Fund Fund
Equity Expenditures Equity
Dec. 31, Earned Realized and Dec. 31,
2001 Contributions Income Loss Transfers 2002
W. K. Kellogg Foundation Fund $31 249 $ $ 606 $ (44) $(1 817) $29 994
Kobelt Fund 1441 28 (2) (86) 1 381
Andrew W. Mellon Foundation Fund 1 694 34 (3) (100) 1 625
The George and Cynthia Mitchell
lS~clow~nent for Sustainability
Science at the National Academy
of Sciences 2 000 23 (31) _ 1 992
The Kumar and Shela Patel
Endowment for US-India Dialogs 638 11 (1) _ 648
Frank Press Fund for Dissemination
arid Outreach 1737 31 (3) (93) 1672
Arthur M. Sackler Colloquia of the
NAS 1 360 625 33 (3) 2015
Scientists and Engineers for the
Future Fund 1698 36 (3) (113) 1618
NAS Members Endowment(s) 455 20 9 (1) 483
$63 960 $2 645 $1 276 $(130) $(3 516) $64 235
b. IONI
Distillg~lished Scholar Fund $ 40 $ $ 1 $ $ $ 41
Consequences of Uninsurance
Dissemination Activities 4 80 1 (1)
Focal arid Nutrition Board Fund 1 135 _ 23 (2)
Food arid Nutrition Board
Corporations Fund
Food arid Nutrition Board Members
Fused
Howard Hughes Medical Institute
Fed
I~-ovi~g Health Policy
Communication
Richard arid Hinda Rosenthal Lecture
Scabies
Women s Health Issues Fund
7
a an 1
373 7
13
7
84
1 156
(1)
379
13
9 431 180 (15) (519) 9 077
4 3 7
210 200 7 (1) (6)
47
410
1 48
$11264 $ 283 $ 220 $ (20) $ (525) $11222
2. Prizes Bald Awards
a. NAS
A~nerica'~ Psychological Association
Science Directorate Fund $ 48 $ $ 1 $ $ (8) $ 41
Applied Mathematics and Numerical
Analysis Fund 16 1 (15) 2
llen~ykArctowski Fund 2115 40 (3) (86) 2066
Bache Fund 293 6 _ (17) 282
Bla~uw Fund 643 13 (1) (35) 620
John J. Carty Fund 571 11 (1) 581
Co~stock Fund 488 10 (1) 497
Current market vales are reported in Schedule 1-A.
23
OCR for page 7
SCHEDULE 1-B
Endowment and Trust investment Funds - Financial Detail
of Funds for the Year Ended December 31, 2002
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Fund
Equity
Dec. 31,
2001
Earned Realized
Contributions Income Loss
Expenditures
and
Transfers
Fund
Equity
Dec. 31,
2002
Draper Fund
Elliot Fused
Estes Award in Social and Behavioral
~ -
~clellces
Gibbs Brothers Fund
Gibbs Fused
Ralph E. Gomory Award for the
Application of Science
Gould Fused
Joseph Henry Fund
Alexander Hollaender Award in
B. iophysics
Hunsaker Fund
Fra~kli'~ Livingston Hunt Fund
Kovale~ko Fund
M ~~ sh Fused
George P. Merrill Fund
Monsanto Award in Molecular
13 iology
Mar fly Fused
NAS Award for Chemistry in Service
to Society
NAS Award in Mathematics
NAS Award in Chemical Sciences
NAS Award in Neurosciences
NAS Fused for Sciences and
Technology in International Affairs
P~.~clel Fused
H. P. Robertson Lectureship Fund
I]ele'~ P. Smith Fund
Mars. J. Lawrence Smith Fund
Tho~npso'~ Fund
Trolled Fund
W Led Award
Walcott Fund
G. K. Whiten Fund
W.`tso~ Fund
b. IOM
Gustav O. Lienhard Award $ 2 100
Rhoda arid Bernard G. Samat
l~ter'~ational Prize in Mental Health
3. The Natio'~alAcademies Corporation
Current market valises are reported in Schedule 1-A.
24
$ 211
134
201
208
116
350
535
349
219
263
135
829
152
57
802
145
283
57
371
324
168
551
192
413
457
185
3 166
(15)
61
136
818
4
3
4
2
6
11
7
4
s
3
9 16
3
1
15
3
6
(1)
(1)
100 8 (1)
(1)
10
4
8
9
4
53
10
2
17
$ 215
137
(5)
(6)
(29)
(3o)
(20)
(9)
(3)
(33)
(3)
-
(1)
(1)
(1)
(4)
(111)
(14)
(14)
205
207
112
327
516
336
223
268
138
853
146
55
783
148
289
55
454
329
171
560
181
420
465
189
3 104
(5)
48
124
834
$ 16 047 $119 $305 $(18) $(477) $15 976
$ $51 $ (4)
1,225 21 (2
$ (61) $ 2,086
(79) 1,165
$ 3,325 $ $72 $ (6) $(140) $ 3,251
$ 17,239 $ _ $314 $(28) $ (80s) $16,720
$ 17,239 $ $314 $(28) $ (805) $16,720
OCR for page 7
III. Restricted Co~ltributions
A. NAS
1.
Progl-`llll
Basic Sciellce Fund - Various
M.E. Koshl.llld Fund
Arthu~- M. Sackler Colloquia of the NAS
Slipher F~'nd
2. Prizes a~cl Awards
Leviso'~ Memorial Fund
Richa~-d Lor~'lsbery Foundation Award
NAS Award in Scientific Reviewing
NAS Awa~-d for Initiatives in Research
NAS Libraries Project
NAS S c~ppo'-t Staff Award
TOTAL
Current market v.~lues are reported in Schedule 1-A.
SCHEDULE 1-B
Endowment and Trust ·nvestment Funds - Financ~al Detai!
of Funds for the Year Ended December 31, 2002
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Fund Fund
Equity Expenditures Equity
Dec. 31, Earned Realized and Dec. 31,
2001 Contributions Income Loss Transfers 2002
-
4. Woods llole
Peter C. Cornell Fund $ 204 $ $ 4 $ - $ (12) $ 196
J. Erik Jo'~sso'~Woods Hole Fund 3,532 _ 66 (5) (200) 3,393
Pe~za~ce Fou'~dation Fund 888 16 (1) (50) 853
Woocls llole Endowment Fund 1,244 1 19 (1) (59) 1,204
Woods l-Iole Fund 30 1 (2) 29
Richard Ki'~g Mellon Foundation Fund 160 3 (9) 154
$ 6,058 $ 1 $ 109 $ (7) $ (332) $ 5,829
5. Transpo~tio~ Research Board $ 40 $ $ 2 $ $ (1) $ 41
Tur'~er Awa~-~1 $ 40 $ $ 2 $ $ (1) $ 41
6. PNAS
Billillgs Fu~d $ 521 $ $ 10 $ (1) $ $ 530
$ 521 $ $ 10 $ (1) $ $ 530
II. Funds Functio~i'~g `~s Endowment
A. Unrestrictecl
National Acaden~y of Sciences Reserve Fund $ 990 $ $ 21 $ (6) $ 379 $ 1,384
IOM Rese~-ve F:~d 640 10 (1) 649
TRB Reserve Fu'~d 1,904 29 (3) 1,930
$ 3,534 $ $ 60 $ (10) $ 379 $ 3,963
B. Restrictecl fo~- ~ Specific Purpose
Postemploylnellt Benefits $ 796 $ $ 14 $ (1) $ $ 809
Henry G. Booker Fellowship Fund 25 1 26
Proceedings of the National Academy of
Scie'~ces Fu~d 2,795 53 (5) 2,843
TNAC G~pital Fr~nd 2,407 40 (4) (100) 2,343
USNC/IAU 118 2 120
$ 6,141 $ $ 110 $ (10) $ (100) $ 6,141
$ 1
4,561
(163)
(12)
~P -
2
(28)
(2)
(22) 18
4
2
~p
192
75 64
$ $ - $ 1
(282)
(9)
6 (64)
1
4,471
(33)
(12)
(86)
(2)
(3)
$ 4,343 $ 99 $ 256 $ $ (354) $ 4,344
$239,519 $3,691 $4,799 $(389) $(12,003) $235,617
~J
OCR for page 7
SCHEDULE 2
Endowment and Trust Investment Funds - Summary by Asset CIass
December 3], 2002
($ in thousands)
Balance Balance Quoted Investment
Dec. 31, Dec. 31, Market Income
2001 Additions Realized 2002 Dec. 31, Year Ended
(et cost) (et cost) Reductions* Gain/(Loss) (et cost)** 2002 Dec. 31,2002
FIXED-INCOME SECURITIES (Schedule 2-A)
Cash Equivalents $ 2,702 $ 23,329 $ 24,335 $ $ 1,696 $ 1,696 $ 25
Bonds and Notes 51,732 2,143 7,457 (2,928) 43,490 42,355 2,579
Real Estate - Mo~-t~a~es 8,663 1,247 7,416 7,416 739
TotalFixed-ll~come Securities $ 63,097 $ 25,402 $ 33,039 $(2,928) $ 52,602 $ 51,467 $3,343
EQUITY SECURITIES (Schedule 2-B) 167,086 24,023 19,168 2,545 174,486 167,909 1,214
TOTAL POOLED INVESTMENTS $230,183 $ 49,425 $ 52,207 $ (383) $227,088 $219,376 $4,557
Less: Investment Advisory Fees (101)
Net Investment Come
*Reductions from sales, redemptions, or payoff of mortgage.
**Balance excludes short-term investments that are reported in Schedules 1-A and 1-B.
26
$4,456
OCR for page 7
SCHEDULE 2-A
Endowment and Trust investment Fund - Fixed-Income Securities
December 31, 2002
($ in thousands)
Interest Quoted
Rate Maturity Cost Market
_
CASH EQUIVALENTS
SSGA U.S. Motley Fund
TOTAL CASH EQUIVALENTS
Variable (1) Demand
$ 1,696 $ 1,696
$ 1,696 $ 1,696
BONDS AND NOTES
MSIF Trust I~vestme'~t Grade Fixed I Fund Variable (2) Demand $12,465 $12,523
PIMCO Total Returns Fund Class A Variable (3) Demand 15,617 15,835
T. Rowe Price l~ter'~ational Bond Fund Variable (4) Demand 2,834 2,690
Scudder Global Bond Income Fund Variable (5) Demand 3,101 2,596
State Street Batik Demand 226 226
U.S. Treasury Securities 05/15/23 2,827 3,701
Vanguard High-Yield Corporate Variable (6) Demand 6,420 4,784
TOTAL BONDS AND NOTES
_43,490 $42,355
REAL ESTATE MORTGAGES
Bank of New York 9.125% $ 6,089 $ 6,089*
Bank of New York 9.125% 1,327 1,327*
TOTAL REAL ESTATE - MORTGAGES $ 7,416 $ 7,416*
TOTAL FIXED INCOME SECURITIES $52,602 $51,467
Current yield at D`'ce'''ber 31, 2002:
(1) 1.01% (4) 2.62%
(2) 2.08% (5) 2.52%
(3) 3.94%. (6) 8.62%
*Recorded at cost
27
OCR for page 7
SCHEDULE 2-B
Endowment and Trust Investment Pool - Equity Securities
December 31, 2002
($ in thousands)
Number
of Shares
681,587
258
9
235,974
9,756
19,536
121,557
106,036
342,843
980,972
177,860
667,340
101,345
166,750
291,591
56,472
755,802
1,167,348
Babson Enterprise Fund
Berkshire Hathaway, Inc.
Berkshire Hathaway, Inc. (Class B)
Capital International Emerging Market Fund
Chiron Corporation
T. Rowe Price Science and Technology Fund
Putnam New Opportunities (Class A)
Scudder International Fund- Class S
Templeton Emerging Market Series Fund
Templeton Foreign Equity Series - Primary Shares
Vanguard European Stock Index Fund
Vanguard Index Extended Institional Shares
Vanguard International Growth Fund
Vanguard International Value Fund
Vanguard Institutional Index Fund
Vanguard Pacific Stock Index Fund
Vanguared Small Capitalization Institutional Portfolio
Vanguard Windsor Fund
Subtotal
Hedge Funds
Commonfund Hedge Investors Company B2
GT Offshore Funds, Ltd
Ironwood Partners L. P.
Lexington Associates
Man-Glenwood
Medallion Capital Investment
Subtotal
Private Placements
Belmont II Limited Partners
Capital Z Financial Services Fund II, L.P.
Commonfund, International Private Equity Partners III, L.P.
Commonfund, Endowment Private Equity Partners IV, L.P.
GS Private Equity Partners 1999, L.P.
Insurance Partners, I
MIT Private Equity Fund
New Enterprise Associates
The Investment Fund Foundation
Subtotal
990,960 $ 10,000
4,606
4,606
115
4,496
764
1,420
Cost
$ 10,016
1,128
14
6,344
205
7,500
7,500
4,629
3,228
12,622
7,745
19,582
4,388
4,624
14,305
2,350
14,940
18,721
$139,841
Quoted
Market
$ 10,381
18,770
22
5,621
367
2,443
3,456
3,219
2,777
11,899
6,766
12,506
3,918
3,140
23,455
2,171
10,226
14,008
$135,145
$ 9,910
4,696
4,820
215
4,306
2,164
$ 26,111
$ 24,587
$ $ 2
1,819
242
499
1,372
299
1,075
72
1,273
$ 6,653
2,511
310
607
1,889
1,339
1,493
535
1,374
$ 10,058
TOTAL EQUITY SECURITIES $ 174,486 $ 167,909
28
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