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

 

($ in thousands)

ENDOWMENT AND TRUST INVESTMENT POOL

 

Capital Contributions as of Dec. 31 2003

Fund Equity at Dec. 31, 2002

2003 Contributions

2003 Realized Gains and Income

2003 Expenditures and Transfers

Fund Equity at Dec. 31, 2003

Market Value at Dec. 31, 2003

I.

Endowment

A.

Unrestricted

1.

NAS

Agassiz Fund

$ 50

$ 388

$—

$ 14

$ (25)

$ 377

$ 465

Carnegie Fund

3,275

28,411

942

(1,680)

27,673

32,058

Commonwealth Fund

500

1,762

54

(97)

1,719

2,063

Carl Eckart Fund

1,246

1,816

64

(114)

1,766

2,113

Ford Foundation Fund

5,000

17,311

545

(972)

16,884

20,307

Henrietta and Alexander Hollaender Fund

500

734

24

(42)

716

906

Grayce B. Kerr Fund

250

360

11

(20)

351

448

Nealley Fund

20

225

6

(10)

221

184

Simon Ramo Fund

14

31

1

(1)

31

30

Rockefeller Foundation Fund

1,000

3,536

112

(200)

3,448

4,122

Dorothea and Herbert Simon Fund

586

779

24

(43)

760

870

Sloan Foundation Fund

1,000

3,543

112

(200)

3,455

4,203

Amy Prudden Turner Fund

30

93

3

(6)

90

11

Anonymous Endowment Fund

7,147

11,425

348

(622)

11,151

13,179

General Endowment Fund

3,152

6,448

205

(365)

6,288

7,485

Members Endowment Fund

2,522

3,746

28

114

(200)

3,688

4,277

 

$ 26,292

$ 80,608

$ 28

$2,579

$ (4,597)

$ 78,618

$ 92,721

2.

IOM

General Endowment Fund

$ 1,041

$ 1,645

$ 72

$ 41

$ (99)

$ 1,659

$ 1,575

Robert Wood Johnson Foundation Fund

5,000

9,527

288

(822)

8,993

9,703

IOM Kellogg Fund

283

351

10

361

344

IOM Members Dues

198

243

7

250

241

Henry J. Kaiser Family Foundation Fund

489

750

23

(65)

708

796

John D. and Catherine T. MacArthur Foundation Fund

5,000

9,167

284

(810)

8,641

10,115

Pharmaceutical Discretionary Fund

480

559

15

574

586

Pharmaceutical Endowment Fund

259

465

13

(37)

441

474

Miscellaneous Private Sector Fund

26

50

1

(4)

47

281

 

$ 12,776

$ 22,757

$ 72

$ 682

$ (1,837)

$ 21,674

$ 24,115

B.

Restricted for Specific Purpose

1.

Program

a. NAS

Arts in the Academy Fund

$ 4

$ 10

$—

$—

$—

$10

$12

Basic Science Fund – Earth Sciences

500

921

26

(49)

898

993

Biology and Biotechnology Fund

420

631

21

(38)

614

718

Blakeslee Fund

887

1,748

57

(98)

1,707

2,111

Thomas Lincoln Casey Fund

258

4,436

146

(261)

4,321

5,107

Coca-Cola Foundation Fund

50

79

3

(5)

77

90

Henry and Bryna David Endowment

850

867

26

893

968

Arthur L. Day Fund

5,048

12,963

409

(720)

12,652

14,297



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OCR for page 17
Report of the Treasurer to the Council of the National Academy of Sciences Endowment and Trust Investment Funds—Financial Detail of Funds for the Year Ended December 31, 2003   ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL   Capital Contributions as of Dec. 31 2003 Fund Equity at Dec. 31, 2002 2003 Contributions 2003 Realized Gains and Income 2003 Expenditures and Transfers Fund Equity at Dec. 31, 2003 Market Value at Dec. 31, 2003 I. Endowment A. Unrestricted 1. NAS Agassiz Fund $ 50 $ 388 $— $ 14 $ (25) $ 377 $ 465 Carnegie Fund 3,275 28,411 — 942 (1,680) 27,673 32,058 Commonwealth Fund 500 1,762 — 54 (97) 1,719 2,063 Carl Eckart Fund 1,246 1,816 — 64 (114) 1,766 2,113 Ford Foundation Fund 5,000 17,311 — 545 (972) 16,884 20,307 Henrietta and Alexander Hollaender Fund 500 734 — 24 (42) 716 906 Grayce B. Kerr Fund 250 360 — 11 (20) 351 448 Nealley Fund 20 225 — 6 (10) 221 184 Simon Ramo Fund 14 31 — 1 (1) 31 30 Rockefeller Foundation Fund 1,000 3,536 — 112 (200) 3,448 4,122 Dorothea and Herbert Simon Fund 586 779 — 24 (43) 760 870 Sloan Foundation Fund 1,000 3,543 — 112 (200) 3,455 4,203 Amy Prudden Turner Fund 30 93 — 3 (6) 90 11 Anonymous Endowment Fund 7,147 11,425 — 348 (622) 11,151 13,179 General Endowment Fund 3,152 6,448 — 205 (365) 6,288 7,485 Members Endowment Fund 2,522 3,746 28 114 (200) 3,688 4,277   $ 26,292 $ 80,608 $ 28 $2,579 $ (4,597) $ 78,618 $ 92,721 2. IOM General Endowment Fund $ 1,041 $ 1,645 $ 72 $ 41 $ (99) $ 1,659 $ 1,575 Robert Wood Johnson Foundation Fund 5,000 9,527 — 288 (822) 8,993 9,703 IOM Kellogg Fund 283 351 — 10 — 361 344 IOM Members Dues 198 243 — 7 — 250 241 Henry J. Kaiser Family Foundation Fund 489 750 — 23 (65) 708 796 John D. and Catherine T. MacArthur Foundation Fund 5,000 9,167 — 284 (810) 8,641 10,115 Pharmaceutical Discretionary Fund 480 559 — 15 — 574 586 Pharmaceutical Endowment Fund 259 465 — 13 (37) 441 474 Miscellaneous Private Sector Fund 26 50 — 1 (4) 47 281   $ 12,776 $ 22,757 $ 72 $ 682 $ (1,837) $ 21,674 $ 24,115 B. Restricted for Specific Purpose 1. Program a. NAS Arts in the Academy Fund $ 4 $ 10 $— $— $— $10 $12 Basic Science Fund – Earth Sciences 500 921 — 26 (49) 898 993 Biology and Biotechnology Fund 420 631 — 21 (38) 614 718 Blakeslee Fund 887 1,748 — 57 (98) 1,707 2,111 Thomas Lincoln Casey Fund 258 4,436 — 146 (261) 4,321 5,107 Coca-Cola Foundation Fund 50 79 — 3 (5) 77 90 Henry and Bryna David Endowment 850 867 — 26 — 893 968 Arthur L. Day Fund 5,048 12,963 — 409 (720) 12,652 14,297

OCR for page 17
Report of the Treasurer to the Council of the National Academy of Sciences Endowment and Trust Investment Funds—Financial Detail of Funds for the Year Ended December 31, 2003   ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Capital Contributions as of Dec. 31 2003 Fund Equity at Dec. 31, 2002 2003 Contributions 2003 Realized Gains and Income 2003 Expenditures and Transfers Fund Equity at Dec. 31, 2003 Market Value at Dec. 31, 2003   Cecil and Ida Green Fund $ 467 $ 1,047 $— $ 32 $ (59) $ 1,020 $ 1,201 Global Commons Project Fund 39 94 — 3 — 97 110 Houston Advanced Research Center — 11 — — — 11 — W. K. Kellogg Foundation Fund 20,000 29,994 — 942 (1,693) 29,243 34,220 Kobelt Fund 297 1,381 — 44 (80) 1,345 1,582 Andrew W. Mellon Foundation Fund 1,000 1,625 — 52 (94) 1,583 1,391 The George and Cynthia Mitchell Endowment for Sustainability Sciences at the National Academy of Sciences 4,000 1,992 2,000 100 — 4,092 4,676 The George and Cynthia Mitchell Matching Endowment 23 — 26 — — 26 25 The Kumar and Shela Patel Endowment for US-India Dialogs 600 648 — 18 — 666 645 Frank Press Fund for Dissemination and Outreach 1,151 1,672 — 48 (88) 1,632 1,862 Arthur M. Sackler Colloquia of the National Academy of Sciences Fund 2,500 2,015 625 67 170 2,877 2,801 Scientists and Engineers for the Future Fund 1,000 1,618 — 57 (105) 1,570 1,404 NAS Members Endowment(s) 281 483 67 16 — 566 606 State Street Fund   126   $ 39,375 $ 64,235 $2,718 $2,067 $ (3,120) $ 65,900 $ 74,945 b. IOM Distinguished Scholar Fund $ 17 $ 41 $— $ 1 $ (10) $ 32 $ 220 Consequences of Uninsurance 7 7 — — — 7 7 Dissemination Activities 84 84 — 3 — 87 97 Food and Nutrition Board Fund 525 1,156 — 35 (230) 961 1,155 Food and Nutrition Board Corporations Fund 125 379 — 9 (100) 288 306 Food and Nutrition Board Members Fund 5 13 1 — — 14 16 Howard Hughes Medical Institute Fund 5,000 9,077 — 298 (21) 9,354 11,286 Improving Health Policy Communication 9 7 4 — — 11 11 Kellogg Health of the Public Fund 2,500 — 2,500 40 — 2,540 2,765 Kellogg Health of the Public Fund Matching Contributions — — 51 — — 51 — Richard and Hinda Rosenthal Lecture Series 400 410 400 18 (16) 812 700 Women’s Health Issues Fund 20 48 — 1 — 49 54   $ 8,692 $ 11,222 $2,956 $ 405 $ (377) $ 14,206 $ 16,617

OCR for page 17
Report of the Treasurer to the Council of the National Academy of Sciences Endowment and Trust Investment Funds—Financial Detail of Funds for the Year Ended December 31, 2003   ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Capital Contributions as of Dec. 31 2003 Fund Equity at Dec. 31, 2002 2003 Contributions 2003 Realized Gains and Income 2003 Expenditures and Transfers Fund Equity at Dec. 31, 2003 Market Value at Dec. 31, 2003 2. Prizes and Awards a. NAS American Psychological   Association Science Directorate Fund $ 30 $ 41 $— $ 1 $ (4) $ 38 $ 52 Applied Mathematics and Numerical Analysis Fund — 2 — — — 2 — Henryk Arctowski Fund 96 2,066 — 66 — 2,132 2,406 Bache Fund 60 282 — 10 (16) 276 330 Blaauw Fund 71 620 — 21 (35) 606 712 John J. Carty Fund 25 581 — 18 (29) 570 647 Comstock Fund 10 497 — 17 — 514 581 Draper Fund 6 215 — 7 — 222 256 Elliot Fund 8 137 — 4 (2) 139 152 Estes Award in Social and Behavioral Sciences 80 205 — 6 (24) 187 210 Gibbs Brothers Fund 24 207 — 7 (23) 191 212 Gibbs Fund 5 112 — 3 (6) 109 127 Ralph E. Gomory Award for the Application of Science 179 327 — 10 — 337 397 Gould Fund 50 516 — 17 (29) 504 591 Joseph Henry Fund 40 336 — 11 (20) 327 386 Alexander Hollaender Award in Biophysics 100 223 — 7 — 230 263 Hunsaker Fund 25 268 — 8 — 276 312 Franklin Livingston Hunt Fund 10 138 — 4 — 142 158 Kovalenko Fund 60 853 1 28 — 882 996 Marsh Fund 10 146 — 5 (9) 142 169 George P. Merrill Fund 10 55 — 2 (3) 54 508 Monsanto Award in Molecular Biology 421 783 — 25 (30) 778 891 Murray Fund 6 148 — 5 — 153 154 NAS Award for Chemistry in Service to Society 182 289 — 9 (23) 275 314 NAS Award in Mathematics 54 55 — 1 — 56 58 NAS Award in Chemical Sciences 478 454 — 13 (24) 443 459 NAS Award in Neurosciences 140 329 — 10 — 339 387 NAS Fund for Sciences and Technology in International Affairs 49 171 — 4 — 175 196 Pradel Fund 16 560 — 17 — 577 1,156 H. P. Robertson Lectureship Fund 20 181 — 6 — 187 210 Helen P. Smith Fund 67 420 — 13 (23) 410 467 Mrs. J. Lawrence Smith Fund 8 465 — 14 (29) 450 511 Thompson Fund 10 189 — 6 (20) 175 196

OCR for page 17
Report of the Treasurer to the Council of the National Academy of Sciences Endowment and Trust Investment Funds—Financial Detail of Funds for the Year Ended December 31, 2003   ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Capital Contributions as of Dec. 31 2003 Fund Equity at Dec. 31, 2002 2003 Contributions 2003 Realized Gains and Income 2003 Expenditures and Transfers Fund Equity at Dec. 31, 2003 Market Value at Dec. 31, 2003       Troland Fund $ 505 $ 3,104 $— $ 84 $ (111) $ 3,077 $ 3,466 Waksman Award 10 (5) — — (10) (15) — Walcott Fund 5 48 — 2 — 50 64 G. K. Warren Fund 15 124 — 4 — 128 146 Watson Fund 25 834 — 28 — 862 1,036   $ 2,910 $ 15,976 $ 1 $ 493 $ (470) $ 16,000 $ 19,176 b. IOM Gustav O. Lienhard Award $ 1,200 $ 2,086 $— $ 84 $ (91) $ 2,079 $ 3,044 Rhonda and Bernard G. Sarnat International Prize in Mental Health 1,009 1,165 — 34 (29) 1,170 1,248   $ 2,209 $ 3,251 $— $ 118 $ (120) $ 3,249 $ 4,292 3. The National Academies’ Corporation $ 12,112 $ 16,720 $— $ 525 $ (1,100) $ 16,145 $ 17,771     $ 12,112 $ 16,720 $— $ 525 $ (1,100) $ 16,145 $ 17,771 4. Woods Hole Peter C. Cornell Trust Fund $ 100 $ 196 $— $ 6 $ (11) $ 191 $ 221 J. Erik Jonsson Woods Hole Fund 2,003 3,393 — 103 (187) 3,309 3,826 Penzance Foundation Fund 503 853 — 26 (47) 832 961 Woods Hole Endowment Fund 968 1,204 2 31 (55) 1,182 1,104 Woods Hole Fund 13 29 — 2 (2) 29 34 Richard King Mellon Foundation Fund 50 154 — 4 (8) 150 162   $ 3,637 $ 5,829 $ 2 $ 172 $ (310) $ 5,693 $ 6,308 5. Transportation Research Board Turner Award $ 38 $ 41 $— $— $— $41 $—   $ 38 $ 41 $— $— $— $41 $— 6. PNAS Billings Fund $ 50 $ 530 $— $17 $— $ 547 $ 614   $ 50 $ 530 $— $17 $— $ 547 $ 614 II. Funds Functioning as Endowment A. Unrestricted National Academy of Sciences Reserve Fund $ 1,307 $ 1,384 $— $ 37 $ 261 $ 1,682 $ 1,983 IOM Reserve Fund 500 649 — 17 — 666 591 TRB Reserve Fund 1,500 1,930 — 49 — 1,979 1,803     $ 3,307 $ 3,963 $— $ 103 $ 261 $ 4,327 $ 4,377 B. Restricted for a Specific Purpose Postemployment Benefits $ 700 $ 809 $— $ 22 $ (327) $ 504 $ 1,062 Henry G. Booker Fellowship Fund 20 26 1 1 — 28 40 Proceedings of the National Academy of Sciences Fund 1,000 2,843 — 89 — 2,932 3,343 TNAC Capital Fund 1,595 2,343 — 68 (30) 2,381 2,338 USNC/IAU 100 120 — 3 — 123 118     $ 3,415 $ 6,141 $ 1 $ 183 $ (357) $ 5,968 $ 6,901 TOTAL $114,813 $231,273 $5,778 $7,344 $(12,027) $232,368 $267,837