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Suggested Citation:"Schedule 1-A." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×

Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2010 SCHEDULE 1-A

 

(Dollars in thousands)

 

Capital Contributions as of Dec. 31, 2010

Market Value at Dec. 31, 2009

2010 Contributions

2010 Investment Gain

2010 Expenditures & Transfers

Market Value at Dec. 31, 2010

I. Funds that Support the NAS

 

 

 

 

 

 

A. General Fund

 

 

 

 

 

 

Agassiz Fund

$ 50

$ 480

$ -

$ 71

$ (22)

$ 529

Carnegie Fund

3,275

33,181

-

4,927

(1,515)

36,593

Commonwealth Fund

500

2,154

-

320

(98)

2,376

Carl Eckart Fund

1,246

2,193

-

325

(100)

2,418

Ford Foundation Fund

5,000

21,177

-

3,145

(966)

23,356

Henrietta and Alexander Hollaender Fund

500

946

-

140

(43)

1,043

Grayce B. Kerr Fund

250

470

-

70

(21)

519

Nealley Fund

19

190

-

28

(9)

209

Simon Ramo Fund

14

32

-

5

(1)

36

Rockefeller Foundation Fund

1,000

4,294

-

638

(196)

4,736

Dorothea and Herbert Simon Fund

645

983

-

146

(45)

1,084

Sloan Foundation Fund

1,000

4,280

-

636

(195)

4,721

Amy Prudden Turner Fund

30

109

-

16

(5)

120

Anonymous Endowment Fund

7,147

13,760

-

2,043

(628)

15,175

General Endowment Fund

4,206

7,729

600

1,174

(352)

9,151

Members Endowment Fund

2,774

5,148

50

770

(232)

5,736

 

$ 27,656

$ 97,126

$ 650

$ 14,454

$ (4,428)

$ 107,802

B. Woods Hole

 

 

 

 

 

 

Peter C. Cornell Trust Fund

$ 100

$ 230

$ -

$ 34

$ (13)

$ 251

J. Erik Jonsson Woods Hole Fund

2,003

3,978

-

584

(228)

4,334

Richard King Mellon Foundation Fund

50

168

-

25

(10)

183

Penzance Foundation Fund

502

1,000

-

147

(57)

1,090

Woods Hole Endowment Fund

971

1,150

-

169

(66)

1,253

Woods Hole Fund

13

36

-

5

(2)

39

 

$ 3,639

$ 6,562

$ -

$ 964

$ (376)

$ 7,150

C. Presidents' Committee Funds

 

 

 

 

 

 

Basic Science Fund - Earth Sciences

$ 503

$ 1,266

$ -

$ 196

$ -

$ 1,462

Biology and Biotechnology Fund

420

812

-

124

(22)

914

Thomas Lincoln Casey Fund

258

5,626

-

837

(278)

6,185

Coca-Cola Foundation Fund

50

135

-

21

-

156

Arthur L. Day Fund

5,048

15,819

-

2,398

(402)

17,815

Cecil and Ida Green Fund

467

1,452

-

203

(142)

1,513

W. K. Kellogg Foundation Fund

20,000

39,738

-

5,789

(2,663)

42,864

Kobelt Fund

297

1,815

-

278

(22)

2,071

Andrew W. Mellon Foundation Fund

1,000

1,531

-

218

(187)

1,562

George and Cynthia Mitchell Endowment for Sustainability Sciences

18,000

17,924

2,000

3,115

(505)

22,534

George and Cynthia Mitchell Matching Endowment

40

60

-

10

-

70

Frank Press Fund for Dissemination and Outreach

1,167

2,091

-

299

(206)

2,184

Scientists and Engineers for the Future Fund

1,000

1,590

-

228

(143)

1,675

 

$ 48,250

$ 89,859

$ 2,000

$ 13,716

$ (4,570)

$ 101,005

Suggested Citation:"Schedule 1-A." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×

 

(Dollars in thousands)

 

Capital Contributions as of Dec. 31, 2010

Market Value at Dec. 31, 2009

2010 Contributions

2010 Investment Gain

2010 Expenditures & Transfers

Market Value at Dec. 31, 2010

D. Program Specific Funds

 

 

 

 

 

 

Arnold and Mabel Beckman Fund of the NAS and NAE

$ 11,974

$ 5,506

$ -

$ 586

$ (1,705)

$ 4,387

Billings Fund

50

858

-

130

(16)

972

Blakeslee Fund

887

2,165

-

322

(74)

2,413

Henry G. Booker Fellowship Fund

21

54

-

8

-

62

Communications Initiative Fund

-

3,022

-

455

(101)

3,376

Cultural Programs of the NAS Fund

28

32

7

6

-

45

Henry and Bryna David Endowment

850

1,275

-

196

(6)

1,465

Global Commons Project Fund

39

153

-

24

-

177

Marian Koshland Science Museum Fund

22,786

20,439

-

2,867

(2,181)

21,125

Bruce Alberts Fund for the Marian Koshland Science Museum

5,195

5,963

-

912

(66)

6,809

National Science Resources Center Fund

4,986

5,482

-

836

(185)

6,133

New Canaan Library Fund

4

10

-

2

-

12

Kumar and Shela Patel Endowment for US-India Dialogs

602

799

2

120

(71)

850

Arthur M. Sackler Colloquia Fund

4,375

5,687

-

835

(298)

6,224

Raymond & Beverly Sackler USA-UK Scientific Forum Endowment

2,025

1,822

-

281

-

2,103

USNC/IAU

100

159

-

24

(1)

182

NAS Members Endowment(s)

59

263

-

41

-

304

Christine Mirzayan Fellowship Endowment

6

-

6

1

-

7

Seymour Benzer Lecture Series

128

-

128

6

-

134

 

$ 54,115

$ 53,689

$ 143

$ 7,652

$ (4,704)

$ 56,780

E. Prizes and Awards

 

 

 

 

 

 

American Psychological Association Science Directorate Fund

$ 30

$ 62

$ -

$ 10

$ -

$ 72

Henryk Arctowski Fund

96

3,143

-

470

(94)

3,519

Bache Fund

60

356

-

51

(33)

374

Blaauw Fund

71

771

-

112

(69)

814

John J. Carty Fund

25

653

-

98

(25)

726

Comstock Fund

11

730

-

113

-

843

Draper Fund

6

295

-

46

-

341

Elliot Fund

8

159

-

25

-

184

Estes Award in Social and Behavioral Sciences

80

216

-

33

-

249

Gibbs Brothers Fund

24

210

-

32

-

242

Gibbs Fund

5

143

-

21

(12)

152

Ralph E. Gomory Award for the Application of Science

179

474

-

73

(3)

544

Gould Fund

50

639

-

92

(59)

672

Joseph Henry Fund

40

416

-

60

(39)

437

Alexander Hollaender Award in Biophysics

100

301

-

43

(27)

317

Hunsaker Fund

25

404

-

58

(22)

440

Franklin Livingston Hunt Fund

11

220

-

34

-

254

Suggested Citation:"Schedule 1-A." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×

 

(Dollars in thousands)

 

Capital Contributions as of Dec. 31, 2010

Market Value at Dec. 31, 2009

2010 Contributions

2010 Investment Gain

2010 Expenditures & Transfers

Market Value at Dec. 31, 2010

Kovalenko Fund

$ 64

$ 1,312

$ -

$ 199

$ (32)

$ 1,479

Marsh Fund

10

182

26

(17)

191

George P. Merrill Fund

10

578

-

86

(37)

627

Stanley Miller Award

205

137

50

29

(3)

213

Monsanto Award in Molecular Biology

421

993

-

150

(35)

1,108

Murray Fund

6

163

-

23

(21)

165

NAS Award for Chemistry in Service to Society

182

334

-

52

(3)

383

NAS Award in Mathematics

54

52

-

9

-

61

NAS Award in Chemical Sciences

478

469

-

73

(22)

520

NAS Award in Neuroscience

140

464

-

68

(32)

500

NAS Fund for Sciences and Technology in International Affairs

49

237

-

37

-

274

Pradel Fund

16

1,587

-

245

-

1,832

H. P. Robertson Lectureship Fund

20

274

-

42

-

316

Helen P. Smith Fund

67

572

-

89

-

661

Mrs. J. Lawrence Smith Fund

8

624

-

97

-

721

Thompson Fund

10

205

-

32

-

237

Troland Fund

505

4,004

-

607

(120)

4,491

Walcott Fund

5

71

-

11

-

82

G. K. Warren Fund

15

180

-

26

(16)

190

Watson Fund

25

1,309

-

193

(62)

1,440

 

$ 3,111

$ 22,939

$ 50

$ 3,465

$ (783)

$ 25,671

F. Reserve Funds

 

 

 

 

 

 

National Academy of Sciences Reserve Fund

$ 6,656

$ 4,375

$ 1,135

$ 803

$ (690)

$ 5,623

Proceedings of the National Academy of Sciences Fund

1,000

1,033

-

160

-

1,193

Transportation Research Board Reserve Fund

1,500

2,101

-

324

-

2,425

Due to (from) National Academy of Sciences

-

(11)

-

-

11

-

 

$ 9,156

$ 7,498

$ 1,135

$ 1,287

$ (679)

$ 9,241

Subtotal — Funds that Support the NAS

$ 145,927

$ 277,673

$ 3,978

$ 41,538

$ (15,540)

$ 307,649

II. Funds that Support the IOM

 

 

 

 

 

 

A. General Funds

 

 

 

 

 

 

General Endowment Fund

$ 1,120

$ 1,687

$ -

$ 256

$ (40)

$ 1,903

Robert Wood Johnson Foundation Fund

5,000

9,908

-

1,501

(235)

11,174

IOM Kellogg Fund

283

480

-

74

-

554

IOM Members Dues

198

336

-

52

-

388

Henry J. Kaiser Family Foundation Fund

488

773

-

117

(18)

872

John D. and Catherine T. MacArthur Foundation Fund

5,000

9,844

-

1,478

(235)

11,087

Pharmaceutical Discretionary Fund

480

858

-

133

-

991

Pharmaceutical Endowment Fund

259

470

-

71

(11)

530

Miscellaneous Private Sector Fund

26

55

-

8

(1)

62

 

$ 12,854

$ 24,411

$ -

$ 3,690

$ (540)

$ 27,561

Suggested Citation:"Schedule 1-A." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×

 

(Dollars in thousands)

 

Capital Contributions as of Dec. 31, 2010

Market Value at Dec. 31, 2009

2010 Contributions

2010 Investment Gain

2010 Expenditures & Transfers

Market Value at Dec. 31, 2010

B. Program Specific Funds

 

 

 

 

 

 

Distinguished Scholar Fund

$ 17

$ 65

$ -

$ 10

$ -

$ 75

Food & Nutrition Board (FNB) Fund

525

1,411

-

218

-

1,629

FNB Corporations Fund

125

408

-

63

-

471

FNB Members Fund

5

23

-

4

-

27

Norman Gant & ABOG Fellowship

650

755

-

114

(16)

853

Hamburg Endowment Fund

1,011

1,174

11

183

-

1,368

Howard Hughes Medical Institute Fund

5,000

14,052

-

2,093

(694)

15,451

Kellogg Health of the Public Fund

4,789

5,338

87

848

23

6,296

Kellogg Health of the Public Fund Matching Contributions

2,571

2,752

30

444

-

3,226

Richard and Hinda Rosenthal Lecture Series

1,000

1,368

-

206

(35)

1,539

Women's Health Issues Fund

20

75

-

11

-

86

James C. Puffer / ABFM

826

-

826

50

-

876

 

$ 16,539

$ 27,421

$ 954

$ 4,244

$ (722)

$ 31,897

C. Prizes and Awards

 

 

 

 

 

 

Gustav O. Lienhard Award

$ 1,200

$ 3,904

$ -

$ 594

$ (73)

$ 4,425

Rhonda and Bernard G. Sarnat International Prize in Mental Health

1,009

1,350

-

206

(37)

1,519

Sandra H. matthews Cecil Award

5

-

5

-

-

5

 

$ 2,214

$ 5,254

$ 5

$ 800

$ (110)

$ 5,949

D. Reserve Funds

 

 

 

 

 

 

IOM Reserve Fund

$ 500

$ 827

$ -

$ 128

$ -

$ 955

Subtotal — Funds that Support the IOM

$ 32,107

$ 57,913

$ 959

$ 8,862

$ (1,372)

$ 66,362

Subtotal — NAS and IOM Funds

$ 178,034

$ 335,586

$ 4,937

$ 50,400

$ (16,912)

$ 374,011

III. Funds Held on Behalf of Others

 

 

 

 

 

 

A. The National Academies' Corporation

 

 

 

 

 

 

Operations Endowment

$ 8,000

$ 6,701

$ -

$ 1,038

$ -

$ 7,739

Program Endowment

1,940

1,623

-

$ 258

-

1,881

Building Maintenance Reserve

-

470

-

48

(220)

298

$ 9,940

$ 8,794

$ -

$ 1,344

$ (220)

$ 9,918

TOTAL

$ 187,974

$ 344,380

$ 4,937

$ 51,744

$ (17,132)

$ 383,929

Suggested Citation:"Schedule 1-A." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×
Page 16
Suggested Citation:"Schedule 1-A." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×
Page 17
Suggested Citation:"Schedule 1-A." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×
Page 18
Suggested Citation:"Schedule 1-A." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×
Page 19
Next: Schedule 2 »
Report of the Treasurer for the Year Ended December 31, 2010 Get This Book
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The income that supports the activities of the National Academy of Sciences (NAS) comes from two major sources: program revenue received from sponsors to pay for the myriad studies and other activities undertaken each year by the National Research Council (NRC), and a much smaller sum that is obtained from our endowment under the endowment spending policies adopted by the Council. The goal of the endowment is to provide stable support for the Academy's programs and activities. To achieve this goal, the Council, acting on the recommendations of the Finance Committee, has historically authorized spending from the portfolio at a rate designed to maintain the purchasing power of the endowment over time.

This Report of the Treasure of the National Academy of Sciences presents the financial position and results of operations as well as a review of the endowment, trust, and other long-term investments portfolio activities of our Academy for the year ended December 31, 2010. While this book provides essential financial summary to key personnel, it also serves as a vital informative resource for various members of the public, private, and governmental sectors.

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