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Suggested Citation:"Schedule 2-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.
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Endowment, Trust, and Other Long-term Investments Pool -Change in Valuation and Market Value Summary SCHEDULE 2-A

Change in Valuation from 12/31/09 to 12/31/10 (Dollars in Thousands)

Market Value at 12/31/09

$ 344,380

Realized Capital Gains

10,221

Unrealized Capital Gains

30,347

Reinvested Income

11,176

Contributions

4,937

Expenditures and Transfers

(17,132)

Market Value at 12/31/10

$ 383,929

Holdings and Market Value Summary as of 12/31/10 (Dollars in Thousands)

U.S. Large Cap Equities

 

Berkshire Hathaway A

$ 26,499

Berkshire Hathaway B

36

Oil Service Holders Trust

3,114

Vanguard Institutional Index

28,365

Vanguard Precious Metals & Mining

4,899

Materials Select Sector SPDR

3,799

Powershares Water Portfolio

3,907

Subtotal

$ 70,619

U.S. Small - Mid Cap Equities

 

Guggenheim Solar Energy

$ 401

First Trust NASDAQ Clean Edge

576

First Trust Global Wind Energy

360

ISHARES S&P Glbl Clean Energy

347

Market Vector Global ALT Energy

408

Market Vectors Solar Energy

392

Powershares Cleantech Portfolio

618

Powershares Glbl Wind Energy

326

Powershares Wilderhill Clean Energy

519

SPDR S&B Biotech ETF

6,056

RBC Enterprise Fund

2,741

Vanguard Extended Market Index

11,149

Vanguard Small Cap Index

10,266

Third Avenue Value

8,665

Powershares Global Clean Energy

469

Other

206

Subtotal

$ 43,499

Non-U.S. Developed Equities

 

Dodge & Cox International

$ 9,524

Driehaus International Discovery

13,969

Templeton Institutional

16,789

Vanguard European Stock Index

9,621

Vanguard Pacific Stock Index

12,217

Vanguard International Growth

10,320

Vanguard International Value

10,127

Subtotal

$ 82,567

Non-U.S. Emerging Equities

 

Capital Int'l Emerging Market

$ 27,859

Templeton Emerging Market

25,022

Morgan Stanley India Inv.

2,884

Subtotal

$ 55,765

Real Estate Equities

 

iShares Dow Jones RE Index

$ 5,866

Third Avenue RE Fund

5,584

Subtotal

$ 11,450

U.S. Fixed Income

 

PIMCO Funds Total Return

$ 16,927

Cash Equivalents

6,381

Other

74

Subtotal

$ 23,382

Non-U.S. Fixed Income

 

PIMCO Foreign Bond

$ 15,484

PIMCO Developing

6,290

Subtotal

$ 21,774

Hedge Funds

 

Goldman Sachs Princeton

$ 27,104

Tactician Windward

1,185

Makena Capital Associates

11,028

Maverick Fund Ltd

6,716

Platinum Fund

6,770

Tiedmann Global Emerging Markets

2,500

Subtotal

$ 55,303

Other Alternative Investments

$ 19,570

GRAND TOTAL

$ 383,929

Suggested Citation:"Schedule 2-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.
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Suggested Citation:"Schedule 2-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.
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Page 21
Suggested Citation:"Schedule 2-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 22
Next: II. Private Contributions »
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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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