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Contents Treasurer's Statement Investments Endowment and Trust Investment Funds Description of Funds Endowment and Trust Investment Funds Financial Detail of Funds from Inception Financial Detail of Funds for Current Fiscal Year Endowment and Trust Investment Pool Endowment and Trust Investment Pool Fixed Income Securities Endowment and Trust Investment Pool Equity Securities Short-Term Investments II. Private Contributions III Financial Condition Report of the Auditing Committee of the National Academy of Sciences n d e p e n d e n t A u d i t o r ' s R e p o r t Statement of Financial Position Statement of Activities Statement of Cash Flows Notes to the Financial Statements Page 7 Schedule I Schedule l-A Schedule l-B Schedule 2 8 18 22 26 Schedule 2-A 27 Schedule 2-B 28 Schedule 3 Exhibit A Exhibit B Exhibit C 28 29 39 40 41 42 43 44 45