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.


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


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


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.


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.


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

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