Endowment and Trust Investment Funds – Description of Funds for the Year Ended December 31, 2004

 

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 original gift of $5,000,000 from 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 the 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 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.

644,616

Sloan Foundation 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 the 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.

2,620,538

Subtotal: NAS Unrestricted Endowment

$ 26,448,450

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.

$ 1,098,329

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

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



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