|Endowment, Trust, and Other Long–term Investments Pool
Description of Funds for the Year Ended December 31, 2011
|Capital Contribution (Column 1 of Schedule 1–A)|
IOM Reserve Fund * — Unexpended balance earned on endowment based on IOM Council spending plan. The IOM reserve permits the effective management of unanticipated financial emergencies.
|Subtotal — Reserve Funds||$||500,000|
|Subtotal — Funds that Support the IOM||$||33,476,159|
|Subtotal — NAS and IOM Funds||$||184,021,279|
|III. FUNDS HELD ON BEHALF OF OTHERS|
|A. The National Academies’ Corporation (TNAC)|
Operations Endowment — An endowment from the Arnold and Mabel Beckman Foundation to TNAC to support operations of the Beckman Center in Irvine, California. The endowment is held on behalf of TNAC and invested by the NAS.
Program Endowment — An endowment from the Arnold and Mabel Beckman Foundation to TNAC to support NRC program activities conducted in whole or in part at the Beckman Center. The endowment is held on behalf of TNAC and invested by the NAS.
|Subtotal — The National Academies’ Corporation||$||9,939,644|
* Denotes funds for which the contribution was not permanently restricted by the donor