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Below are the first 10 and last 10 pages of uncorrected machine-read text (when available) of this chapter, followed by the top 30 algorithmically extracted key phrases from the chapter as a whole.
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OCR for page 9
I. Investments
9
OCR for page 10
SCHEDULE 1
Endowment and Trust Investment Funds Description of Funds Capital
for the Year Ended December 31, 2005 Contribution
Column 1 of
Schedule 1A
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 Coun-
cil, $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 Acad-
emy. 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 Audu-
bon 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. 2,636,163
Subtotal: NAS Unrestricted Endowment $ 26,464,075
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. $ 1,107,889
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.
10
OCR for page 11
SCHEDULE 1
Endowment and Trust Investment Funds Description of Funds Capital
for the Year Ended December 31, 2005 Contribution
Column 1 of
Schedule 1A
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 re-
lated 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 an
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 longrange 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 from Kaiser Permanente to be used for core
support requirements of the Institute of Medicine. 26,346
Subtotal: IOM Unrestricted Endowment $ 12,842,168
B. Restricted for Specific Purpose
1. Program
a. NAS Restricted Program
Arts in the Academy Fund Contributions 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 Acad-
emy of Sciences. 503,230
Biology and Biotechnology Fund Contributions from various individuals to be used for
studies and other activities that address emerging research and policy issues affecting biol-
ogy and biotechnology, especially crossdisciplinary aspects and those involving the inter-
face 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
The CocaCola Foundation Fund A grant to be used for initiatives in precollege science and
mathematics education. 50,000
Henry and Bryna David Endowment A bequest of Henry and Bryna David 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
For endowment contributions, the capital is typically restricted and the income is unrestricted.
11
OCR for page 12
SCHEDULE 1
Endowment and Trust Investment Funds Description of Funds Capital
for the Year Ended December 31, 2005 Contribution
Column 1 of
Schedule 1A
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. educa-
tion, 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 Academyinitiated studies. 1,000,000
George and Cynthia Mitchell Endowment for Sustainability 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. 8,000,000
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. 35,150
New Canaan Library Fund Contribution from the Board of the New Canaan Library to perma-
nently maintain a current National Academies book collection in honor of Dr. H.R. Shep-
herd at their library. 4,000
Kumar and Shela Patel Endowment for USIndia Dialogs To support USIndia scientific and
technical communication and dialogue 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. 1,167,255
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
worldclass researchers in rapidly advancing scientific fields. 3,750,000
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 fo-
cused on maintaining the health of American science and technology by ensuring an ade-
quate supply of wellprepared American scientists and engineers for the future. 1,000,000
NAS Members Endowment(s) Additional member contributions that have been designated for
special purposes, such as the Board on Chemical Sciences Fund and the Section 14 Chemis-
try Discretionary Fund. 60,966
Subtotal: NAS Restricted Program $ 44,440,503
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 84,695
For endowment contributions, the capital is typically restricted and the income is unrestricted.
12
OCR for page 13
SCHEDULE 1
Endowment and Trust Investment Funds Description of Funds Capital
for the Year Ended December 31, 2005 Contribution
Column 1 of
Schedule 1A
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 the 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
David and Betty Hamburg Endowment Fund Contributions from various individuals in
support of communication/dissemination programs, collaborations among key public health
stakeholders, and forwardlooking studies. This fund honors former IOM president David
Hamburg and his wife, colleague, and longtime NRC participant Beatrix Hamburg. 555,000
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 trans-
lation of science into advances in health. 5,000,000
Improving Health Policy Communication 16,775
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. 2,765,690
Kellogg Health of the Public Fund Matching Contributions In response to the Kellogg chal-
lenge grant to match dollar for dollar up to $2.5 million to support communication and out-
reach activities now and for future projects. 967,156
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. 1,000,000
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 $ 11,087,461
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 impor-
tance of behavioral science research. $ 30,000
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
For endowment contributions, the capital is typically restricted and the income is unrestricted.
13
OCR for page 14
SCHEDULE 1
Endowment and Trust Investment Funds Description of Funds Capital
for the Year Ended December 31, 2005 Contribution
Column 1 of
Schedule 1A
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 Bell System associates, 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 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. 6,000
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
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 found 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
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 establish-
ment 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 Acad-
emy's discretion. 100,000
Hunsaker Fund Gift of Mr. and Mrs. J. C. Hunsaker to found an Academy award in the field
of aeronautical engineering. 24,750
Franklin Livingston Hunt Fund Bequest of Franklin Livingston Hunt to aid 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 found the Jessie
Stevenson Kovalenko Gold Medal for meritorious research in medical sciences. 61,210
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
For endowment contributions, the capital is typically restricted and the income is unrestricted.
14
OCR for page 15
SCHEDULE 1
Endowment and Trust Investment Funds Description of Funds Capital
for the Year Ended December 31, 2005 Contribution
Column 1 of
Schedule 1A
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 contri-
butions 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 alter-
nate years to chemists working in industry, academia, government, and nonprofit organiza-
tions. 181,838
National Academy of Sciences Award in Mathematics Established by the American Mathe-
matical 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 estab-
lished 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
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, former
foreign secretary of the Academy, to establish a lectureship under which distinguished sci-
entists 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 pub-
lished 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 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. 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 ser-
vices 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 ad-
vancement of scientific knowledge in the field of psychophysics. 505,359
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 of preCambrian 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. War-
ren Prize in any field of science. 15,000
Watson Fund Bequest of James Craig Watson, a former 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 $ 2,903,262
For endowment contributions, the capital is typically restricted and the income is unrestricted.
15
OCR for page 16
SCHEDULE 1
Endowment and Trust Investment Funds Description of Funds Capital
for the Year Ended December 31, 2005 Contribution
Column 1 of
Schedule 1A
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. Lien-
hard Award to be given annually in recognition of an outstanding contribution to the ad-
vancement 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 Mabel 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, former member and president
of the Academy, for his contributions to science and the nation and to recognize the leader-
ship 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. 971,400
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 $ 3,639,274
5. 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
For endowment contributions, the capital is typically restricted and the income is unrestricted.
16
OCR for page 17
SCHEDULE 1
Endowment and Trust Investment Funds Description of Funds Capital
for the Year Ended December 31, 2005 Contribution
Column 1 of
Schedule 1A
II. FUNDS FUNCTIONING AS ENDOWMENT
A. Unrestricted Funds
National Academy of Sciences Reserve Fund Accumulated surplus from prior years' NAS
General Fund operating budget. The reserve provides additional funding for ongoing opera-
tions during periods of market decline. $ 3,176,230
IOM Reserve Fund Unexpended balance earned on endowment based on IOM Council
spending plan. The IOM reserve permits the effective management of unanticipated finan-
cial 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 onetime
expenditures. 1,500,000
Subtotal: Funds Functioning as Endowment, Unrestricted $ 5,176,230
B. Restricted for a Specific Purpose
Postemployment Benefits NAS assets set aside to fund the Academy's postemployment
benefit liability calculated at the end of each year. $ 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. 19,825
Marian Koshland Science Museum Fund Contributions from Dr. Daniel E. Koshland, Jr. and
the Koshland Foundation to fund the operation and activities of the museum for the purpose
of extending the resources of the National Academies and increasing public understanding
of the nature and value of science. Dr. Koshland's original commitment of $30 million was
completed in 2004. The gift was used to fund the museum's opening in April 2004 and
ongoing operations until November 2004, when the remainder was invested in the Endow-
ment Pool. 22,786,243
Bruce Alberts Fund of the Marian Koshland Science Museum Contributions from Dr. Daniel
E. Koshland, Jr. and the Koshland Foundation to support the traveling costs of the museum's
exhibits, to fund new exhibits to replace traveling exhibits, and to extend the museum's
outreach to school districts. 5,134,871
National Science Resources Center Fund Funded by royalty revenues from elementary and
middle school science kits developed by the National Science Resources Center. Funds will
be used to provide core support of NSRC programs to enhance and improve the learning and
teaching of science in domestic and international schools. 3,979,343
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. as-
tronomers in the activities of the International Astronomical Union Triennial General As-
semblies. 100,000
Subtotal: Funds Functioning as Endowment, Restricted for a Specific Purpose $ 35,315,588
Grand Total $156,239,855
For endowment contributions, the capital is typically restricted and the income is unrestricted.
17
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SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds for the Year Ended December 31, 2005
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Capital Market Market
Contributions Value at 2005 2005 Value at
as of Dec. 31, Dec. 31, 2005 Investment Expenditures Dec. 31,
2005 2004 Contributions Income & Transfers 2005
I. Endowment
A. Unrestricted
1. NAS
Agassiz Fund $ 50 $ 502 $ - $ 52 $ (24) $ 530
Carnegie Fund 3,275 34,666 - 3,560 (1,610) 36,616
Commonwealth Fund 500 2,232 - 230 (97) 2,365
Carl Eckart Fund 1,246 2,296 - 235 (108) 2,423
Ford Foundation Fund 5,000 21,976 - 2,262 (967) 23,271
Henrietta and Alexander Hollaender Fund 500 980 - 100 (42) 1,038
Grayce B. Kerr Fund 250 485 - 50 (20) 515
Nealley Fund 20 199 - 20 (9) 210
Simon Ramo Fund 14 33 - 3 (1) 35
Rockefeller Foundation Fund 1,000 4,460 - 460 (198) 4,722
Dorothea and Herbert Simon Fund 645 1,016 - 105 (41) 1,080
Sloan Foundation Fund 1,000 4,447 - 458 (198) 4,707
Amy Prudden Turner Fund 30 113 - 12 (5) 120
Anonymous Endowment Fund 7,146 14,264 - 1,468 (622) 15,110
General Endowment Fund 3,152 8,099 - 833 (360) 8,572
Members Endowment Fund 2,636 4,730 16 488 (201) 5,033
$ 26,464 $ 100,498 $ 16 $ 10,336 $ (4,503) $ 106,347
2. IOM
General Endowment Fund $ 1,108 $ 1,766 $ 10 $ 179 $ (95) $ 1,860
Robert Wood Johnson Foundation Fund 5,000 10,664 - 1,074 (680) 11,058
IOM Kellogg Fund 283 390 - 41 - 431
IOM Members Dues 198 273 - 28 - 301
Henry J. Kaiser Family Foundation Fund 488 840 - 84 (54) 870
John D. and Catherine T. MacArthur
Foundation Fund 5,000 10,686 (5) 1,067 (672) 11,076
Pharmaceutical Discretionary Fund 480 664 - 70 - 734
Pharmaceutical Endowment Fund 259 501 - 51 (30) 522
Miscellaneous Private Sector Fund 26 63 - 6 (4) 65
$ 12,842 $ 25,847 $ 5 $ 2,600 $ (1,535) $ 26,917
B. Restricted for Specific Purpose
1. Program
a. NAS
Arts in the Academy Fund $ 4 $ 13 $ - $ 2 $ - $ 15
Basic Science Fund - Earth Sciences 503 1,079 - 110 (51) 1,138
Biology and Biotechnology Fund 420 777 - 80 (33) 824
Blakeslee Fund 887 2,277 - 231 (101) 2,407
Thomas Lincoln Casey Fund 258 5,539 - 565 (235) 5,869
18
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SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds for the Year Ended December 31, 2005
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Capital Market Market
Contributions Value at 2005 2005 Value at
as of Dec. 31, Dec. 31, 2005 Investment Expenditures Dec. 31,
2005 2004 Contributions Income & Transfers 2005
Coca-Cola Foundation Fund 50 98 - 10 (4) 104
Henry and Bryna David Endowment 850 1,093 - 116 (8) 1,201
Arthur L. Day Fund 5,048 15,502 - 1,574 (694) 16,382
Cecil and Ida Green Fund 467 1,302 - 133 (47) 1,388
Global Commons Project Fund 39 124 - 13 - 137
W. K. Kellogg Foundation Fund 20,000 37,123 - 3,839 (1,591) 39,371
Kobelt Fund 297 1,711 - 174 (71) 1,814
Andrew W. Mellon Foundation Fund 1,000 1,505 - 151 (78) 1,578
George and Cynthia Mitchell Endowment
for Sustainability Sciences 8,000 7,409 2,000 937 (208) 10,138
George and Cynthia Mitchell Matching
Endowment 35 19 2 23 - 44
New Canaan Library Fund 4 8 - 1 - 9
Kumar and Shela Patel Endowment
for US-India Dialogs 600 700 - 75 - 775
Frank Press Fund for Dissemination
and Outreach 1,168 2,038 - 212 (82) 2,168
Arthur M. Sackler Colloquia Fund 3,750 3,820 625 420 - 4,865
Scientists and Engineers for the Future
Fund 1,000 1,512 - 152 (81) 1,583
NAS Members Endowment(s) 61 212 - 21 - 233
$ 44,441 $ 83,861 $ 2,627 $ 8,839 $ (3,284) $ 92,043
b. IOM
Distinguished Scholar Fund $ 16 $ 52 $ - $ 6 $ - $ 58
Consequences of Uninsurance 7 8 - 1 - 9
Dissemination Activities 85 110 1 11 - 122
Food & Nutrition Board (FNB) Fund 525 1,231 - 130 - 1,361
FNB Corporations Fund 125 331 - 35 - 366
FNB Members Fund 5 18 - 2 - 20
Hamburg Endowment Fund 555 452 150 57 - 659
Howard Hughes Medical Institute Fund 5,000 12,548 - 1,303 (179) 13,672
Improving Health Policy
Communication 17 15 5 2 - 22
Kellogg Health of the Public Fund 2,766 3,133 266 364 (109) 3,654
Kellogg Health of the Public Fund
Matching Contributions 967 448 562 89 (38) 1,061
Richard and Hinda Rosenthal
Lecture Series 1,000 1,009 200 130 (19) 1,320
Women's Health Issues Fund 20 61 - 6 - 67
$ 11,088 $ 19,416 $ 1,184 $ 2,136 $ (345) $ 22,391
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SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds for the Year Ended December 31, 2005
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Capital Market Market
Contributions Value at 2005 2005 Value at
as of Dec. 31, Dec. 31, 2005 Investment Expenditures Dec. 31,
2005 2004 Contributions Income & Transfers 2005
2. Prizes and Awards
a. NAS
American Psychological Association
Science Directorate Fund $ 30 $ 58 $ - $ 7 $ (1) $ 64
Henryk Arctowski Fund 96 2,728 - 285 (88) 2,925
Bache Fund 60 355 - 38 (17) 376
Blaauw Fund 71 766 - 81 (36) 811
John J. Carty Fund 25 701 - 70 (33) 738
Comstock Fund 10 636 - 67 (4) 699
Draper Fund 6 290 - 28 (18) 300
Elliot Fund 8 153 - 16 (4) 165
Estes Award in Social and
Behavioral Sciences 80 238 - 25 - 263
Gibbs Brothers Fund 24 240 - 26 (1) 265
Gibbs Fund 5 137 - 14 (6) 145
Ralph E. Gomory Award for
the Application of Science 179 449 - 44 (31) 462
Gould Fund 50 636 - 68 (30) 674
Joseph Henry Fund 40 415 - 44 (20) 439
Alexander Hollaender Award
in Biophysics 100 273 - 29 (4) 298
Hunsaker Fund 25 353 - 35 (18) 370
Franklin Livingston Hunt Fund 11 179 - 18 - 197
Kovalenko Fund 61 1,100 - 117 (4) 1,213
Marsh Fund 10 182 - 19 (9) 192
George P. Merrill Fund 10 554 - 58 (11) 601
Monsanto Award in Molecular Biology 421 979 - 99 (34) 1,044
Murray Fund 6 156 - 17 (4) 169
NAS Award for Chemistry in
Service to Society 182 356 - 34 (25) 365
NAS Award in Mathematics 54 58 - 6 (4) 60
NAS Award in Chemical Sciences 478 502 - 50 (23) 529
NAS Award in Neurosciences 140 408 - 44 (4) 448
NAS Fund for Sciences and Technology
in International Affairs 49 222 - 22 (27) 217
Pradel Fund 17 1,288 - 137 - 1,425
H. P. Robertson Lectureship Fund 20 238 - 24 (14) 248
Helen P. Smith Fund 67 529 - 56 - 585
Mrs. J. Lawrence Smith Fund 8 579 - 61 - 640
Thompson Fund 10 223 - 23 - 246
Troland Fund 505 3,794 - 388 (120) 4,062
Walcott Fund 5 74 - 7 - 81
G. K. Warren Fund 15 165 - 17 - 182
Watson Fund 25 1,117 - 118 (4) 1,231
$ 2,903 $ 21,131 $ - $ 2,192 $ (594) $ 22,729
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SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds for the Year Ended December 31, 2005
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Capital Market Market
Contributions Value at 2005 2005 Value at
as of Dec. 31, Dec. 31, 2005 Investment Expenditures Dec. 31,
2005 2004 Contributions Income & Transfers 2005
b. IOM
Gustav O. Lienhard Award $ 1,200 $ 3,436 $ - $ 361 $ (57) $ 3,740
Rhonda and Bernard G. Sarnat
International Prize in Mental Health 1,009 1,414 - 129 (213) 1,330
$ 2,209 $ 4,850 $ - $ 490 $ (270) $ 5,070
3. The National Academies' Corporation $ 12,112 $ 19,264 - $ 1,967 $ (832) $ 20,399
$ 12,112 $ 19,264 $ - $ 1,967 $ (832) $ 20,399
4. Woods Hole
Peter C. Cornell Trust Fund $ 100 $ 239 $ - $ 25 $ (10) $ 254
J. Erik Jonsson Woods Hole Fund 2,003 4,140 - 427 (172) 4,395
Penzance Foundation Fund 503 1,040 - 107 (43) 1,104
Woods Hole Endowment Fund 971 1,197 1 123 (50) 1,271
Woods Hole Fund 13 37 - 4 (2) 39
Richard King Mellon Foundation Fund 50 176 - 17 (7) 186
$ 3,640 $ 6,829 $ 1 $ 703 $ (284) $ 7,249
5. PNAS
Billings Fund $ 50 $ 696 $ - $ 74 $ - $ 770
$ 50 $ 696 $ - $ 74 $ - $ 770
II Funds Functioning as Endowment
A. Unrestricted
National Academy of Sciences Reserve Fund $ 3,176 $ 1,667 $ 1,245 $ 310 $ (245) $ 2,977
IOM Reserve Fund 500 671 - 71 - 742
TRB Reserve Fund 1,500 1,704 - 181 - 1,885
Due to National Academy of Sciences 50 - (194) (144)
$ 5,176 $ 4,092 $ 1,245 $ 562 $ (439) $ 5,460
B. Restricted for a Specific Purpose
Postemployment Benefits $ 700 $ 1,184 $ - $ 15 $ (1,199) $ -
Henry G. Booker Fellowship Fund 20 45 - 5 - 50
Marian Koshland Science Museum Fund 22,786 23,926 - 2,394 (1,305) 25,015
Bruce Alberts Fund for the Marian
Koshland Science Museum 5,135 - 5,135 694 (41) 5,788
National Science Resources Center Fund 3,979 3,782 584 447 (1) 4,812
Proceedings of the National Academy
of Sciences Fund 1,000 3,786 - 403 (1) 4,188
TNAC Capital Fund 1,595 2,527 - 241 (583) 2,185
USNC/IAU 100 134 - 14 - 148
$ 35,315 $ 35,384 $ 5,719 $ 4,213 $ (3,130) $ 42,186
TOTAL $ 156,240 $ 321,868 $ 10,797 $ 34,112 $ (15,216) $ 351,561
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SCHEDULE 2
Endowment and Trust Investment Pool
Asset Allocation as of December 31, 2005
U.S. Large Cap
20.3% Non-U.S. Fixed Income
1.5%
Non-U.S. Stocks -
Cash
Developed
5.9%
18.7%
Hedge Funds
12.0%
Non-U.S. Stocks -
Emerging
8.1%
Private
Placements
3.3% Real Estate
4.6%
U.S. Small-Mid Cap Investment Grade
17.7% High-Yield Fixed Income
Fixed Income 6.5%
1.4%
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SCHEDULE 2-A
Endowment and Trust Investment Pool -
Change in Valuation and Market Value Summary
Change in Valuation from 12/31/04 to 12/31/05
Market Value at 12/31/04 $ 321,868
Realized Capital Gains 2,959
Unrealized Capital Gains 17,581
Reinvested Income 13,572
Contributions 10,797
Expenditures and Transfers (15,216)
Market Value at 12/31/05 $ 351,561
Holdings and Market Value Summary as of 12/31/05
U.S. Large Stocks Fixed Income
Berkshire Hathaway A 21,623 Morgan Stanley $ 3,124
Berkshire Hathaway B 27 PIMCO 19,065
Biotech Index 2,281 Price International 2,873
Vanguard Index 500 23,123 Scudder International 2,485
Vanguard Windsor 24,369 Vanguard High Yield 5,020
Subtotal $ 71,423 Other 335
Subtotal $ 32,902
U.S. Small - Mid Stocks
Tamarack Enterprise $ 15,439 Real Estate
Third Avenue Value 12,580 Dow Jones RE Index $ 6,725
Vanguard Extended 18,820 Green Bldg Mortgages 2,917
Vanguard Small 15,399 Third Avenue RE Fund 6,666
Subtotal $ 62,238 Subtotal $ 16,308
Non - U.S. Developed Hedge Funds
Scudder International $ 5,345 Commonfund $ 10,560
Templeton Foreign 17,347 GT Offshore 7,585
Vanguard European 12,881 Ironwood 7,275
Vanguard Pacific 9,662 Princeton 16,646
Vanguard Intl. Growth 10,337 Subtotal $ 42,066
Vanguard Intl. Value 10,108
Subtotal $ 65,680 Private Placements $ 11,546
Non - U.S. Emerging Cash Equivalents $ 20,841
Capital International $ 14,225
Templeton Emerging 14,332
Subtotal $ 28,557 GRAND TOTAL $ 351,561
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Representative terms from entire chapter:
endowment fund
