National Academies Press: OpenBook

Report of the Treasurer to the Council for the Year Ended December 31, 2003 (2004)

Chapter: Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1

« Previous: I. Investments
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

 

Capital Contribution Column 1 of Schedule 1-A

I. ENDOWMENT

A. Unrestricted

1. NAS Unrestricted Endowment

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

$ 50,000

Carnegie Fund – Balance of the 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.

1,246,323

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 the general purposes of the Academy.

250,000

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

19,556

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

14,000

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

1,000,000

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

586,623

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

1,000,000

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

29,662

Anonymous Endowment Fund – A gift for the 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 year 1976, and proceeds from the sale of the Audubon Folios were transferred in fiscal year 1981.

3,152,095

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

2,521,787

Subtotal: NAS Unrestricted Endowment

$26,291,706

2. IOM Unrestricted Endowment

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

$ 1,041,262

For endowment contributions, the capital is typically restricted and the income is unrestricted.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

Capital Contribution Column 1 of Schedule 1-A

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

Institute of Medicine Kellogg Fund – A grant from the Kellogg Foundation to be used for the general purposes of the Institute of Medicine.

282,500

Institute of Medicine 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 the transfer of $250,000 as a matching contribution to the endowment contribution to the Institute of Medicine’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 Institute of Medicine’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 the general purposes of the Institute of Medicine.

259,448

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

$ 26,346

Subtotal: IOM Unrestricted Endowment

$12,775,541

B. Restricted for Specific 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.

$ 3,934

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

For endowment contributions, the capital is typically restricted and the income is unrestricted.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

Capital Contribution Column 1 of Schedule 1-A

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

$ 50,000

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.

850,000

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.

5,047,846

Cecil and Ida Green Fund – A gift from Cecil and Ida Green to be used to support activities dedicated to improving the quality of life of our people.

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

The George and Cynthia Mitchell Endowment for Sustainability Sciences 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.

4,000,000

The George and Cynthia Mitchell Matching Endowment – Contributions from public and private sources to be used to support the same purposes as the original George and Cynthia Mitchell Endowment for Sustainability Sciences. Also, to raise funds to be eligible for a matching gift from George and Cynthia Mitchell.

22,690

The Kumar and Shela Patel Endowment for US-India Dialogs – To support US-India scientific and technical communication and dialog through various Academy activities.

600,000

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 the 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 a series of scientific symposia that promote interaction among world-class researchers in rapidly advancing scientific fields.

2,500,000

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

For endowment contributions, the capital is typically restricted and the income is unrestricted.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

Capital Contribution Column 1 of Schedule 1-A

NAS Members Endowment(s) – 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.

$ 281,130

Subtotal: NAS Restricted Program

$39,374,477

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.

$ 16,550

Consequences of Uninsurance

6,795

Dissemination Activities

84,195

Food and Nutrition Board (FNB) 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 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

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

4,800

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

9,225

Kellogg Health of the Public Fund – Contribution for the establishment of the Kellogg Health of the Public Fund, an endowment which shall be held and used by the National Academy of Sciences to advance the Institute of Medicine’s capacity to contribute to the improvement of the health of America’s communities.

2,500,000

Kellogg Health of the Public Fund Matching Contributions – In response to the Kellogg challenge grant to match dollar for dollar up to $2.5 million to support communication and outreach activities now and for future projects.

The Richard and Hinda Rosenthal Lecture Series – Through the generosity of the Richard and Hinda Rosenthal Foundation, a lecture series was established in 1988. In 2000, the Richard and Hinda Rosenthal Lecture Series was endowed at the Institute of Medicine of the National Academy of Sciences to bring greater attention to some of the critical health policy issues facing the country.

400,000

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: IOM Restricted Program

$ 8,691,565

For endowment contributions, the capital is typically restricted and the income is unrestricted.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

Capital Contribution Column 1 of Schedule 1-A

2. Prizes and Awards

a. NAS Prizes and Awards

American Psychological Association (APA)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 Arctowski 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 fund 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 fund the Daniel Giraud Elliot Gold Medal and Honorarium for the most meritorious work on zoology and paleontology published in each year.

8,000

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.

79,849

Gibbs Brothers Fund – Gift of William Francis Gibbs and Frederic H. Gibbs to fund 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

For endowment contributions, the capital is typically restricted and the income is unrestricted.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

Capital Contribution Column 1 of Schedule 1-A

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 received 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 fund 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 fund the Jessie Stevenson Kovalenko Gold Medal for meritorious research in medical sciences.

60,123

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 fund 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

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 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.

478,277

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

For endowment contributions, the capital is typically restricted and the income is unrestricted.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

Capital Contribution Column 1 of Schedule 1-A

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 fund 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 important 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

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.

10,000

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.

5,000

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: NAS Prizes and Awards

$ 2,912,175

For endowment contributions, the capital is typically restricted and the income is unrestricted.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

Capital Contribution Column 1 of Schedule 1-A

b. IOM Prizes and 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.

$ 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: IOM Prizes and Awards

$ 2,209,179

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.

$12,112,013

4. Woods Hole Restricted Endowment

 

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.

968,240

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: Woods Hole Restricted Endowment

$ 3,636,114

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.

$ 37,750

For endowment contributions, the capital is typically restricted and the income is unrestricted.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×

Endowment and Trust Investment Funds—Description of Funds for the Year Ended December 31, 2003

Capital Contribution Column 1 of Schedule 1-A

6. PNAS 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.

$ 50,102

II. FUNDS FUNCTIONING AS ENDOWMENT

 

A. Unrestricted Funds

 

National Academy of Sciences Reserve Fund

1,307,024

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

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: Funds Functioning as Endowment, Unrestricted

$ 3,307,024

B. Restricted for a Specific Purpose

 

Postemployment Benefits

$ 700,000

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

Proceedings of the National Academy of Sciences Fund

1,000,000

TNAC Capital Fund

1,595,306

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

Subtotal: Funds Functioning as Endowment, Restricted for a Specific Purpose

$ 3,415,132

Grand Total

$114,812,778

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.

Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 8
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 9
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 10
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 11
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 12
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 13
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 14
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 15
Suggested Citation:"Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2003: Schedule 1." National Academy of Sciences. 2004. Report of the Treasurer to the Council for the Year Ended December 31, 2003. Washington, DC: The National Academies Press. doi: 10.17226/11033.
×
Page 16
Next: Endowment and Trust Investment Funds – Financial Detail of Funds for the Year Ended December 31, 2003: Schedule 1-A »
Report of the Treasurer to the Council for the Year Ended December 31, 2003 Get This Book
×
MyNAP members save 10% online.
Login or Register to save!
Download Free PDF
  1. ×

    Welcome to OpenBook!

    You're looking at OpenBook, NAP.edu's online reading room since 1999. Based on feedback from you, our users, we've made some improvements that make it easier than ever to read thousands of publications on our website.

    Do you want to take a quick tour of the OpenBook's features?

    No Thanks Take a Tour »
  2. ×

    Show this book's table of contents, where you can jump to any chapter by name.

    « Back Next »
  3. ×

    ...or use these buttons to go back to the previous chapter or skip to the next one.

    « Back Next »
  4. ×

    Jump up to the previous page or down to the next one. Also, you can type in a page number and press Enter to go directly to that page in the book.

    « Back Next »
  5. ×

    Switch between the Original Pages, where you can read the report as it appeared in print, and Text Pages for the web version, where you can highlight and search the text.

    « Back Next »
  6. ×

    To search the entire text of this book, type in your search term here and press Enter.

    « Back Next »
  7. ×

    Share a link to this book page on your preferred social network or via email.

    « Back Next »
  8. ×

    View our suggested citation for this chapter.

    « Back Next »
  9. ×

    Ready to take your reading offline? Click here to buy this book in print or download it as a free PDF, if available.

    « Back Next »
Stay Connected!