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OCR for page 7
I. Investments
7
OCR for page 8
SCHEDULE 1
J
Endowment and Trust Investments - Description of Funds
for the SO Months Ended December Al, 1998
I. ENDOWMENT
A. Unrestricted
1. NAS
Agassiz Fund - Bequest of Alexander Agassiz, a member of the Academy.
Carnegie Fund - Balance of gift of $5,000,000 of the Carnegie Corporation of New York,
for the purposes of the National Academy of Sciences/National Research Council,
$1,725,000 of which has been used to cover the cost of the Academy building and the
acquisition of other property.
Commonwealth Fund - A grant of the Commonwealth Fund for capital endowment of the
Academy.
Carl Eckart Fund - Bequest of Carl Eckart received for general purposes of the Academy.
Ford Foundation Fund - A grant of the Ford Foundation for capital endowment of the
Academy.
Hennetta and Alexander Hollaender Fund - A bequest to the Academy from Dr. Alexander
and Mrs. Hennetta Hollaender.
Grayce B. Kerr Fund - A grant from Grayce B. Kerr Fund for general purposes of the
Academy.
Nealley Fund - Bequest of George True Nealley for general purposes of the Academy.
Simon Ramo Fund - A gift from Simon Ramo for general purposes of the Academy.
Rockefeller Foundation Fund - A grant of the Rockefeller Foundation to the National
Academy of Sciences for general purposes.
Dorothea and Herbert Simon Fund - A gift from Dorothea and Herbert Simon for general
purposes of the Academy.
Sloan Foundation Endowment Fund - A grant of the Alfred P. Sloan Foundation for general
purposes of the Academy.
Amy Prudden Turner Fund - Bequest of Amy Prudden Turner for general purposes of the
Academy to serve as a memorial to her husband Scott and herself.
Anonymous Endowment Fund - A gift for general purposes of the Academy from a donor
who wishes to remain anonymous.
General Endowment Fund - Bequest of David Lloyd Fillman and others for general
purposes of the Academy. By action of the Council, the International Cntical Tables
were transferred into this fund during fiscal 1976, and proceeds from the sale of the
Audubon Folios were transferred in fiscal 1981.
Members Endowment Fund - Contnbutions from venous members to be used for general
purposes of the Academy.
National Academy of Sciences Reserve Fund
Subtotal
2. IOM
General Endowment Fund - Contnbutions from venous sources, including members of the
Institute of Medicine, for capital endowment of the IOM.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
8
Capital Contribution
Column 2 of Schedule 1A
Restricted Unrestricted
$ 50,000
3,275,000
500,000
5,000,000
250,000
19,556
14,000
202,319
1,000,000
7,146,660
2,375,375
$ 576,260
500,000
1,000,000
29,662
3,149,745
$19,832,910 $5,255,667
$ 552,126
OCR for page 9
SCHEDULE 1
J
Endowment and Trust Investments - Description of Funds
for the SO Months Ended December 3l, 1998
Robert Wood Johnson Foundation Fund - An endowment grant, the income from which is to
be used for core support of the Institute of Medicine.
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.
IOM Kellogg Fund - A grant from the Kellogg Foundation to be used for general purposes
of IOM.
IOM Members' Dues
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 related to health. In 1989 this grant was amended by the Kaiser Family
Foundation to provide for transfer of $250,000 as a matching contribution to the
endowment contribution to the IOM's Food and Nutrition Board.
John D. and Catherine T. MacArthur Foundation Fund - A grant to be used exclusively as
a permanent endowment to the Institute of Medicine, the income from which is
restricted to the general purposes of the Institute.
Pharmaceutical Discretionary Fund - A grant from the W. K. Kellogg to further the IOM's
long-range program development.
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 general purposes of the Institute of Medicine.
Miscellaneous Private Sector - Contributions of Kaiser Permanente to be used for core
support requirements of the Institute of Medicine.
Subtotal
3. TRB
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 one-time expenditures.
Subtotal
B. Restricted for Specific Purpose
1. Program
a. NAS
Arts in the Academy Fund - Contribution from various sources for sponsoring free
cultural programs of merit for local residents and for providing a platform for
musicians and artists.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
Capital Contribution
Column 2 of Schedule 1A
Restricted Unrestricted
$ 5,000,000
500,000
55,000
35,000
488,485
5,000,000
110,000
259,448
26,346
$12,026,405
$ 1,500,000
$ 1,500,000
$ 3,934
9
OCR for page 10
SCHEDULE 1
Endowment and Trust Investments-Description of Funds Capital Contribution
for the Six Months Ended December 31, 1998 Column 2 of Schedule 1A
Restricted Unrestricted
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 Academy of Sciences.
Biology and Biotechnology Fund - Contributions from various individuals to be used for
studies and other activities that address emerging research and policy issues affecting
biology and biotechnology, especially cross-disciplinary aspects and those involving
the interface of science, technology, and commerce and used for dissemination and
outreach efforts that seek to inform policymakers about the findings of the results.
Blakeslee Fund - Bequest of Albert Francis Blakeslee, the income from which is to be
used in support of genetics research.
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.
The Coca-Cola Foundation Fund - A grant to be used for initiatives in precollege science
and mathematics education.
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.
Cecil and Ida Green Fund - A gift from Cecil and Ida Green for general purposes of the
Academy.
Global Commons Project Fund
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 communications, and individuals, such
as enhancing the aualilv of U.S. education. assuring access to aualilv health care in an
_ _ _ _ _ _ - 7
· ~ · · . · . ~ ~ ~ ~ · . ~ ~ · . ~ ~ .
era ot rapidly rising costs, assessing the role ot olotechnology In the tuture ot
agriculture, and similar issues as they arise.
Kobelt Fund - Bequest of Nina I. Kobelt to be used for research scholarships for worthy
students.
Andrew W. Mellon Foundation Fund - A grant from the Andrew W. Mellon Foundation to
endow a program of Academy-initiated studies.
Postemployment Benefits
Frank Press Fund for Dissemination and Outreach - Established with contributions from
members of the Presidents' Circle of the NAS and the IOM, the income from the
fund is to support a variety of dissemination and outreach activities that seek to share
Academy complex knowledge and resources with the policy-making community and
the general public.
Scientists and Engineers for the Future Fund - Contribution from an individual who wishes
to remain anonymous. The income from this fund is used for support of educational
projects focused on maintaining the health of American science and technology by
ensuring an adequate supply of well-prepared American scientists and engineers for
the future.
State Street Fund
Subtotal
For endowment contributions, the capital is typically restricted and the income is unrestricted.
10
$ 500,000
420,232
886,902
258,081
50,000
2,662,514
467,256
39,058
20,000,000
296,593
1,000,000
1,148,705
1,000,000
244,302
$941,179
$28,977,577 $941,179
OCR for page 11
SCHEDULE 1
J
Endowment and Trust Investments - Description of Funds
for the SO Months Ended December Al, 1998
b. NAS-Member Endowments
Anthropology Fund
Board on Chemical Sciences Fund
Board on Earth Sciences Fund
Board on Mathematical Sciences Fund
Board on Physical Sciences Fund
Board on Physics and Astronomy Fund
Committee on Human Rights Fund
Committee on International Security and Arms Control Fund
Committee on Life Sciences Fund
Embryology Fund
Environmental Studies Fund
Math and Science Education Endowment Fund
NAS Class I Fund
Section 14 Chemistry Discretionary Fund
The Family and Community Well-Being Fund
Abel Wolman Lecture Fund
Subtotal
c. IOM
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.
Food and Nutrition Board 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 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.
Food and Nutrition Board Corporations Fund - Contributions from Monsanto Company
and Nestle, USA, Inc., to provide support for FNB activities.
Food and Nutrition Board Members Fund - Contributions from various members to be
used for general purposes of the Food and Nutrition Board.
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 translation of science into advances in health.
Women's Health Issues Fund - Contribution from Syntex (U.S.A.), Inc., to be used for
purposes related to women's health issues.
Subtotal
For endowment contributions, the capital is typically restricted and the income is unrestricted.
Capital Contribution
Column 2 of Schedule 1A
Restricted Unrestricted
250
31,250
2,025
1,300
450
100
101,120
23,800
9,965
976
200
400
750
11,100
1,000
200
$ 184,886
$ 11,750
525,000
125,000
2,700
5,000,000
20,000
$5,684,450
11
OCR for page 12
SCHEDULE 1
J
Endowment and Trust Investments - Description of Funds
for the SO Months Ended December Al, 1998
2. Prizes and Awards
a. NAS
American Psychological Association Science Directorate Fund - A gift from the APA to
conduct activities that will help inform the public of the knowledge base, value, and
importance of behavioral science research.
Applied Mathematics and Numerical Analysis Fund - Gift of the International Business
Machines Corporation to support the NAS Award in Applied Mathematics and
Numerical Analysis by an award of $5,000 approximately every three years. The fund
principal is not restricted.
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.
B. ache Fund - Bequest of Alexander Dallas Bache, a member of the Academy, to aid
research in physical and natural sciences.
Blaauw Fund - Bequest of Marianne Blaauw to establish the Edmond and Marianne
Blaauw Fund to support research in the field of ophthalmology.
John J. C arty 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
associates in the Bell System, for a gold medal and award for noteworthy and
distinguished accomplishments in any field of science.
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.
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 investiga-
tions in astronomical physics; the balance of income is applied to aid research in this
science.
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 in each year.
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 Commission on Behavioral and Social Sciences and
Education.
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 englneenng.
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.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
12
Capital Contribution
Column 2 of Schedule 1A
Restricted Unrestricted
$ 30,000
95,736
60,000
71,299
25,000
10,400
6,000
8,000
79,849
24,000
5,173
OCR for page 13
SCHEDULE 1
Capital Contribution
Column 2 of Schedule 1A
Restricted Unrestricted
J
Endowment and Trust Investments - Description of Funds
for the SO Months Ended December Al, 1998
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 B. ache 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 B. ache Gould received in 1954, and bequest of $10,000 from the estate
of Elizabeth Chandler Hockley in 1979.
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 establishment of a fund to assist meritorious investigators, especially in the
direction of original research.
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 Academy's discretion.
Hunsaker Fund - Gift of Mr. and Mrs. J. C. Hunsaker to found an Academy award in the
field of aeronautical engineering.
Franklin Livingston Hunt Fund - Bequest of Franklin Livingston Hunt for aid to research
50,000
39,740
100,000
24,750
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.
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. 44,086
Marsh Fund - Bequest of Othniel Charles Marsh, a member of the Academy, to promote
original research in the natural sciences.
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.
Monsanto _ard in Molecular Biology - A grant from the Monsanto Company for an
10,465
10,000
10,000
award to be given in recognition of contributions in the field of molecular biology. 421,374
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 contributions to the science of oceanography.
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 alternate years to chemists working in industry, academia, government, and
nonprofit organizations.
National Academy of Sciences Award in Mathematics - Established by the American
Mathematical Society for a prize to be awarded every four years in mathematics.
National Academy of Sciences Award in Neuroscience - Established by the Fidia Research
Foundation for an award in neuroscience, to be given every three years.
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.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
6,000
181,838
140,206
49,119
$53,597
1 ~
OCR for page 14
SCHEDULE 1
J
Endowment and Trust Investments - Description of Funds
for the SO Months Ended December Al, 1998
Pradel Fund - A bequest of Jules Pradel to be applied to work on the human central
nervous system and allied subjects.
H. P. Robertson Lectureship Fund - Contributions by friends of H. P. Robertson, foreign
secretary of the Academy, to establish a lectureship under which distinguished
scientists 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.
Helen P. Smith Fund - A bequest of Helen P. Smith in memory of her husband, Gilbert
Morgan Smith, to establish a biannual medal and honorarium to be conferred in
recognition of published research in marine and freshwater algae.
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.
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 services to geology and paleontology.
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
advancement of scientific knowledge in the field of psychophysics.
Waksman Fund - Gift of the Foundation for Microhiolo~v for an award of $5.()()() every
two years to be known as the selman A. Waksman Award in Microbiology. the
contributions from the foundation may be fully expended for the intended purpose.
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 in pre-Cambrian or
Cambrian life and history shall be judged most meritorious; the award is to be known
as the Charles Doolittle Walcott Medal.
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. Warren Prize in any field of science.
Watson Fund - Bequest of James Craig Watson, a 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.
Subtotal
b. IOM
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. Lienhard Award to be given annually in recognition of an outstanding
contribution to the advancement of health care.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
14
Capital Contribution
Column 2 of Schedule 1A
Restricted Unrestricted
$ 16,392
20,325
67,107
8,000
10,000
505,359
5,000
15,000
25,000
$2,354,264 $53,597
$1,200,000
OCR for page 15
SCHEDULE 1
J
Endowment and Trust Investments - Description of Funds
for the SO Months Ended December Al, 1998
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 organiza-
tion for distinguished accomplishments in the field of mental health.
Subtotal
3. The National Academies' Corporation (TNACJ - An endowment from the Arnold and
Mabel Beckman Foundation for operating and program uses. The Beckman endow-
ment is invested by NAS on behalf of TNAC.
Subtotal
4. Woods Hole
Peter C. Cornell Trust Fund - To memorialize Detlev W. Bronk, a former member and
president of the Academy, for his contributions to science and the nation and to recog-
nize the leadership 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.
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.
Penzance Foundation Fund - A grant for the J. Erik Jonsson Woods Hole Study Center
especially for support of the property's Clark Carriage House.
Woods Hole Endowment - Contributions from the Brown Foundation and various individ-
uals for maintenance of the Woods Hole Study Center.
Woods Hole Fund - Contributions from various individuals for maintenance of the Woods
Hole Study Center.
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.
Subtotal
5. Transportation Research Board
Turner Awa - Holds the income received from private sources to be awarded to individ-
uals who have been selected for the Francis Turner Medal for Lifetime Achievement
in Transportation.
Subtotal
6. PANS
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.
Subtotal
For endowment contributions, the capital is typically restricted and the income is unrestricted.
Capital Contribution
Column 2 of Schedule 1A
Restricted Unrestricted
$ 1,009,179
$ 2,209,179
$11,677,491
$11,677,491
$ 100,000
2,002,500
502,500
819,691
12,874
50,000
$ 3,487,565
$ 30,000
$ 30,000
$ 50,102
$ 50,102
15
OCR for page 16
SCHEDULE 1
J
Endowment and Trust Investments - Description of Funds
for the Six Months Ended December ill, 1998
II. FUNDS FUNCTIONING AS ENDOWMENT
A. NAS - Prizes and Awards
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.
Subtotal
B. PEAS
Proceedings of the National Academy of Sciences Fund
Subtotal
C. TNAC Capital Fund
Subtotal
III. RES TRI CTED CONTRIB UTI ONS
A. NAS
1. Program
Basic Science Fund - Various - Contributions from American Telephone and Telegraph
Corporation, Atlantic Richfield Foundation, Dow Chemical Corporation, E. I. DuPont
de Nemours & Company, International Business Machines Corporation, Merck and
Company, Monsanto Company, Shell Oil Companies Foundation, and Standard Oil
Company to support studies designed to strengthen the basic natural sciences (physics,
chemistry, mathematics, and biology).
Slipher Fund - Bequest of V. M. Slipher, a member of the Academy, to be used as deter-
mined by the Academy. The bequest principal is managed by Valley National Bank,
Phoenix, Arizona, which makes periodic income distributions to the Academy. Income
distributions may be fully disbursed by the Academy in the year of receipt.
2. Prizes and Awards
Levison Memorial Fund - Contributions from various sources established by the Council
of the National Academy of Sciences to encourage staff development, training, and
commitment within the Commission on Behavioral and Social Sciences and Education
(CBASSE). Funds will be made available on a case-by-case basis as supplemental
support for development activities. A prize may be awarded to CBASSE staff who exert
notable and unusual effort toward improving the quality of working life in CBASSE.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
16
Capital Contribution
Column 2 of Schedule 1A
Restricted Unrestricted
$ 15,826
$ 15,826
$1,000,000
$1,000,000
$1,259,294
$1,259,294
OCR for page 17
Richard Lounsbery Foundation Award - An annual award of $50,000 established by Mrs.
Vera Lounsbery in memory of her husband, Richard Lounsbery, given in alternate
years to a young French or American researcher in biology or medicine. The laureate
is selected by a jury composed of members of the Academies of Sciences of the
United States of America and France. It was Mrs. Lounsbery's desire to encourage
reciprocal scientific exchanges between the two countries and to stimulate research
contributing to the biological understanding of man and to the improvement and
welfare of mankind. The recipient is given a three-year option on an additional
$20,000, which may be used to pursue research in the opposite country.
NAS Award for Initiatives in Research - Established by Bell Telephone Laboratones in
honor of William O. Baker to recognize innovative young scientists and encourage
research likely to lead toward new capabilities for human benefit. These annual
contributions may be fully disbursed in the year of the award.
NAS Award in Chemical Sciences - Established by the Occidental Petroleum Corporation
in honor of Armand Hammer, these annual contributions may be fully expended for
the intended purpose.
NAS Award in Scientific Reviewing - Funds contributed by Annual Reviews, Inc., and the
Institute for Scientific Information in honor of James Murray Luck, for an award to be
given in recognition of and to pay tribute to authors who have performed significant
service to science and their fellow scientists in the writing of outstanding scientific
reviews. These annual contributions may be fully disbursed in the year of award.
NAS Support Staff Award - Contnbutions from venous sources for annual awards for
outstanding members of the National Research Council's administrative staff.
These contributions may be fully disbursed in the year of the award.
Grand Total
SCHEDULE 1
Endowment and Trust Investments-Description of Funds Capital Contribution
for the SO Months Ended December Al, 1998 Column 2 of Schedule 1A
Restricted Unrestricted
$90,289,949 $6,250,443
Notes: Items that have a " " in the Capital Contribution column are those with no contribution this year but that have activity in the investment pool. In
most cases there is short-term investment activity.
For endowment contributions, the capital is typically restricted and the income is unrestricted.
17
OCR for page 18
SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds from Inception to December 3l, 1998
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Number of Cumulative Fund Market
Participating Reinvestment Cumulative TotalCash and Equity Values
Capital Capital of Earned Realized Pooled Accrued Dec. 31, Dec. 31,
Units Contribution Income Gains Investments Income 1998 1998
A. Endowment
1. Unrestricted
a. NAS
Agassiz Fund
Carnegie Fund
Commonwealth Fund
Carl Eckart Fund
Ford Foundation Fund
Henrietta and Alexander
Hollaender Fund
Grayce B. Kerr Fund
National Academy of Sciences
Reserve Fund
Nealley Fund
Simon Ramo Fund
Rockefeller Foundation Fund
Dorothea and Herbert Simon Fund
Sloan Foundation Fund
Amy Prudden Turner Fund
Anonymous Endowment Fund
General Endowment Fund
Members Endowment Fund
'.. IOM
General Endowment Fund
Robert Wood Johnson Foundation
Fund
IOM Reserve Fund
Henry J. Kaiser Family Foundation
Fund
IOM Kellogg Fund
IOM Members Dues
John D. and Catherine T.
MacArthur Foundation Fund
Pharmaceutical Discretionary Fund
Pharmaceutical Endowment Fund
Miscellaneous - Private-Sector
Fund
614.98
41,618.55
2,398.03
1,959.94
24,094.66
,051.55
490.89
108.50
237.92
34.51
4,949.47
544.17
4,951.39
36.59
5,405.00
9,036.12
4,790.50
2,422.77
,228.62
2,784.37
576.21
,007.15
64.18
40.84
2,617.60
128.37
570.85
50
3,275
500
576
5,000
500
250
66$ 261
4,96917,833
285867
185589
2,8858,718
66
31
39
20 47
4 8
,000 592
202 30
,000 593
30 2
7,147 1,318
3,150 868
2,375 412
$25,089 $12,396
552
5,000
500
489
55
35
5,000
110
259
67.70 26
29,085.89 $12,026
$ 377
26,077
,652
,350
6,603
47
66
713
347
32 71
09 176
9 3
,799 3,391
47 379
,798 3,391
56 88
2,463 10,928
2,133 6,151
689 3,476
$37,716 $75,20
220$ 179
,59
21
77
1
,502
2
74
$ 951
2,248 8,839
8 529
37 703
56
35
2,341 8,843
112
79 412
1410
$ 3,502$ 5,002
50
$20,530
$ 98 $ 475
414 26,491
7 1,669
41 1,49
88 16,69
0
2 73
77
32
9 3,410
0 389
9 3,410
3 101
221) 10,707
33 6,184
13 3,489
$ 658 $75,859
$ (7) $
(313) 8,526
529
$ 539
36,487
2,102
1,718
21,124
723922
347430
95
209
31
4,339
477
4,340
20
3,505
7,922
4,200
$98,560
944 $ 1,077
11,208
505
(17) 686 883
56 56
35 36
(310) 8,533
112
(20) 392
(3) 47
$(670) $19,860
11,062
113
500
59
$25,499
c. Transportation Research Board
TRB Reserve Fund 1,700.41 $ 1,500 $ 47 $ 23 $ 1,570 $ 13 $ 1,583 $ 1,491
1,700.41 $ 1,500 $ 47 $ 23 $ 1,570 $ 13 $ 1,583 $ 1,491
I. Restricted for Specific Purpose
a. Program
i. NAS - Outside Sources
Arts in the Academy Fund
Basic Science Fund - Earth
Sciences
Biology and Biotechnology
Fund
Blakeslee Fund
Thomas Lincoln Casey Fund
Coca Cola Foundation
Endowment Fund
1,063.41
893.84
2,446.65
6,305.18
108.89
10.68 $ 4
500
420
887
258
50
Fund equity includes cumulative realized and unrealized gains and income.
18
142
160
53119
207612
1,5932,318
916
9
802 5 807 932
592 13
1,706 7
4,169 25
605784
1,7132,145
4,1945,528
75 1 76 96
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SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds from Inception to December 3l, 1998
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Number of Cumulative FundMarket
Participating Reinvestment CumulativeTotalCash and EquityValues
CapitalCapitalof EarnedRealized Pooled Accrued Dec. 31, Dec. 31,
Units Contribution Income Gains Investments Income1998 1998
Arthur L. Day Fund15,058.81 $ 2,663 $2,937 $ 4,221 $ 9,821 $ 48$ 9,869 $13,202
Cecil and Ida Green Fund1,424.56 467 105 412 984 8992 1,249
Global Commons Project Fund100.12 39 20 13 72 476 88
Houston Advanced Research
Center 9 9 110
W. K. Kellogg Foundation Fund40,794.85 20,000 2,212 6,009 28,221 10928,330 35,764
Kobelt Fund1,935.89 297 320 679 1,296 81,304 1,697
Andrew W. Mellon Foundation
Fund2,244.43 1,000 190 338 1,528 91,537 1,968
Postemployment Benefits1,583.68 941 221 181 1,343 1361,479 1,388
Frank Press Fund for
Dissemination and Outreach2,088.46 1,149 150 280 1,579 581,637 1,831
Scientists and Engineers for the
Future Fund2,495.04 1,000 176 337 1,513 (6)1,507 2,187
State Street Fund244 244 244
78,554.49 $29,919 $8,347 $15,696 $53,962 $426$54,388 $68,868
NAS - Members Endowment(s)
Anthropology Fund 0.53 $ $ $ $ $ $ $
Board on Chemical Sciences
Fund 100.48 31 28 14 73 73 88
Board on Earth Sciences Fund 6.14 2 2 1 5 5 5
Board on Mathematical
Sciences Fund 3.56 2 1 3 3 3
Board on Physical Sciences
Fund 0.21 1 1
Board on Physics and
Astronomy Fund 0.88
Committee on Human Rights
Fund 198.16 101 34 23 158 4 162 174
Committee on International
Security and Arms Control
Fund 69.31 24 18 10 52 (1) 51 61
Committee on Life Sciences
Fund 25.23 10 5 3 18 18 22
Embryology Fund 2.57 1 1 2 2 2
Environmental Studies Fund 0.44
Math and Science Education
Endowment Fund 0.74 1 1 1 1
NAS Class I Fund 2.25 1 1 2 2 2
Section 14 Chemistry
Discretionary Fund 32.85 11 8 5 24 23 29
The Family and Community
Well-Being Fund 2.82 1 1 2 2 3
Abel Wolman Lecture Fund 0.22
446.39 $ 185 $ 99 $ 56 $ 340 $ 3 $ 343 $ 391
iii. IOM
Distinguished Scholar Fund 38.18 $ 12 $ 12 $ 6 $ 30 $ (1) $ 29 $ 33
Food and Nutrition Board 1,516.43 525 354 211 1,090 8 1,098 1,329
Food and Nutrition Board
Corporations Fund 405.65 125 116 54 295 2 297 356
Food and Nutrition Board
Members Fund 12.40 3 5 1 9 1 10 11
Howard Hughes Medical
Institute Fund 12,360.48 5,000 2,106 1,955 9,061 (5) 9,056 10,836
Fund equity includes cumulative realized and unrealized gains and income.
19
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SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds from Inception to December 3l, 1998
Number of
Participating
Capital Capital
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Cumulative Fund Market
Reinvestment Cumulative Total Cash and Equity Values
of Earned Realized Pooled Accrued Dec. 31, Dec. 31,
Units Contribution Income Gains Investments Income 1998 1998
Women's Health Issues Fund47.56$ 20$ 11$ 7$ 38$(1)$ 37$ 42
14,380.70$5,685$2,604$2,234$10,523$ 4$10,527$12,607
b. Prizes and Awards
i. NAS
American Psychological
Association Science
Directorate Fund48.26$ 30$ 5$ 5$ 40$ 4$ 44$ 42
Applied Mathematics and
NumericalAnalysis Fund 29 29 29
Henryk Arctowski Fund2,476.25969536921,74151,7462,171
B ache Fund428.7960331842772279376
Blaauw Fund873.7972190313575(11)564766
John J. Carty Fund673.30252352154754479590
Comstock Fund598.31102281634012403525
Draper Fund253.88690871831184223
Elliot Fund163.9185053111(2)109144
Estes Award in Social and
Behavioral Sciences237.038057391762178208
Gibbs Brothers Fund264.60247186181 181232
Gibbs Fund149.87538591025107131
Ralph E. Gomory Award for the
Application of Science421.111796361303(1)302369
Gould Fund717.5450139282471(1)470629
Joseph Henry Fund487.3540362303069315427
Alexander Hollaender Award in
Biophysics270.5310054401941195237
Hunsaker Fund309.522510594224 224271
Hunt Fund144.82106433107 107127
Kovalenko Fund966.16443332966732675847
Marsh Fund215.291025981332135189
George P. Merrill Fund79.0310162854(3)5169
Monsanto Award in Molecular
Biology1,001.194219917569521716878
Murray Fund191.7567945130(26)104168
NAS Award for Chemistry in
Service to Society370.9618234482644268325
NAS Award in Mathematics62.5554 5415555
NAS Award in Neurosciences380.4214083582811282334
NAS Fund for Sciences and
Technology in International
Affairs177.93495926134 134156
Pradel Fund601.86172791404361437528
H. P. Robertson Lectureship
Fund226.452070701601161199
Helen P. Smith Fund489.46671401413481349429
Mrs. J. Lawrence Smith Fund541.218200170378(3)375474
Thompson Fund226.47106483157 157199
Troland Fund3,400.555061,1691,1282,80352,8082,981
Waksman Award (5)(5)
Walcott Fund75.88511304614766
G. K. Warren Fund149.01154349107 107131
Watson Fund1,011.5525393289707(2)705887
18,686.58$2,409$5,537$5,510$13,456$21$13,477$16,383
Fund equity includes cumulative realized and unrealized gains and income.
20
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SCHEDULE 1-A
Endowment and Trust Investment Funds - Financial Detail
of Funds from Inception to December 3l, 1998
Number of
Participating
Capital Capital
Units Contribution
c.
e.
f. PNAS
Billings Fund
B. Funds Functioning as Endowment
1. NAS - Prizes and Awards
Henry G. Booker Fellowship Fund
2. PNAS
Proceedings of the National Academy
of Sciences Fund
3. TNAC
TNAC Capital Fund
C. Restricted Contributions
1. NAS
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Cumulative Fund
Reinvestment Cumulative TotalCash and Equity
Market
Values
of Earned Realized Pooled Accrued Dec. 31, Dec. 31,
Income Gains Investments Income 1998 1998
ii. IOM
Gustav O. Lienhard Award2,963.98$ 1,200$ 496$ 405$ 2,101$ (40)$ 2,061$ 2,598
Rhonda and Bernard G. Sarnat
International
Prize in Mental Health1,312.411,00997861,192221,2141,151
4,276.39 $ 2,209 $ 593 $ 491 $ 3,293 $(18) $ 3,275 $ 3,749
The National Academies' Corporation 20,610.42 $11,677 $ 976 $ 2,803 $ 15,456 $ 30 $ 15,486 $ 18,069
20,610.42 $11,677 $ 976 $ 2,803 $ 15,456 $ 30 $ 15,486 $ 18,069
d. Woods Hole
Peter C. Cornell Fund 262.85 $ 100 $ 30 $ 61 $ 191 $ $ 191 $ 230
Erik Jonsson Woods Hole Fund 4,566.88 2,003 647 649 3,299 63,305 4,004
Penzance Foundation Fund 1,143.39 502 163 162 827 4831 1,002
Woods Hole Endowment Fund 1,207.51 820 87 125 1,032 81,040 1,059
Woods Hole Fund 42.41 13 10 8 31 132 37
Richard King Mellon Foundation Fund 201.55 50 57 41 148 148 177
7,424.59 $ 3,488 $ 994 $ 1,046 $ 5,528 $ 19 $ 5,547 $ 6,509
Transportation Research Board
Turner Award $ 30 $ $ $ 30 $ $ 30 $
$ 30 $ $ $ 30 $ $ 30 $
590.02 $ 50 $ 191 $ 167 $ 408 $ 1 $ 409 $ 517
590.02 $ 50 $ 191 $ 167 $ 408
$ 1 $ 409 $ 517
31.69$ 16
3,088.231,000
614 587 2,201
$ (3)$ 21$ 28
52,2062,707
2,048.231,2591272551,641(7)1,6341,796
5,168.15$ 2,275$ 746$ 845$ 3,866$ (5)$ 3,861$ 4,531
a. Program
Basic Science Fund - Various $ $
Slipher Fund
b. Prizes and Awards
Levison Memorial Fund
Richard Lounsbery Foundation
Award
NAS Award for Initiatives in
Research
NAS Award in Chemical Sciences
NAS Award in Scientific Reviewing
NAS Support Staff Award
TOTAL
Fund equity includes cumulative realized and unrealized gains and income.
22
$ $ 104$ $ 104
293,346.80 $96,542 $36,136 $71,589 $204,267
is
1$ $ 1$ $ 1 $
999999
22
2
(58)
(15) (15)
(10) (10)
(5) (5)
$ (88) $ 16
$394 $204,661 $257,174
21
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2. Restricted for Specific Purpose
a. Program
SCHEDULE 1-B
Endowment and Trust Investment Funds - Financial Detail
of Funds for the SO Months Ended December 3l, 1998
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Fund Fund
Equity ExpendituresEquity
June 30, IncomeCapitalandDec. 31,
1998ContributionsEarnedGainsTransfers1998
A. Endowment
1. Unrestricted
a. NAS
Agassiz Fund $ 456 $ $ 22 $ 8 $ (11) $ 475
Carnegie Fund 25,201 1,486 563 (759) 26,491
Commonwealth Fund 1,595 86 32 (44) 1,669
Carl Eckart Fund 1,348 84 68 25 (34) 1,491
Ford Foundation Fund 15,945 860 326 (440) 16,691
Henrietta and Alexander Hollaender Fund 708 27 7 (19) 723
Grayce B. Kerr Fund 344 10 2 (9) 347
National Academy of Sciences Reserve Fund 72 3 (2) 73
Nealley Fund 142 25 14 (4) 177
Simon Ramo Fund 24 5 3 32
Rockefeller Foundation Fund 3,256 177 67 (90) 3,410
Dorothea and Herbert Simon Fund 373 19 7 (10) 389
Sloan Foundation Fund 3,256 177 67 (90) 3,410
Amy Prudden Turner Fund 96 5 2 (2) 101
Anonymous Endowment Fund 10,229 550 209 (281) 10,707
General Endowment Fund 5,903 323 122 (164) 6,184
Members Endowment Fund 3,342 171 64 (88) 3,489
$72,290 $ 84 $4,014 $1,518 $(2,047) $75,859
b. IOM
General Endowment Fund $ 849 $ 68 $ 43 $ 16 $ (32) $ 944
Robert Wood Johnson Foundation Fund 8,257 456 173 (360) 8,526
IOM Reserve Fund 500 21 8 529
Henry J. Kaiser Family Foundation Fund 657 37 20 (28) 686
IOM Kellogg Fund 1 55 56
IOM Members Dues 35 35
John D. and Catherine T. MacArthur
Foundation Fund 8,267 450 171 (355) 8,533
Pharmaceutical Discretionary Fund 2 110 112
Pharmaceutical Endowment Fund 380 20 8 (16) 392
Miscellaneous - Private-Sector Fund 45 3 1 (2) 47
$18,955 $ 68 $1,033 $ 397 $ (593) $19,860
c. Transportation Research Board
TRB Reserve Fund $ $ $ 60 $ 23 $ 1,500 $ 1,583
$ $ $ 60 $ 23 $ 1,500 $ 1,583
c7
i. NAS - Outside Sources
Arts in the academy Fund $ 8 $ $ $ $ $ 8
Basic Science Fund - Earth Sciences 755 38 14 807
Biology and Biotechnology Fund 586 41 12 (34) 605
Blakeslee Fund 1,691 88 33 (99) 1,713
Thomas Lincoln Casey Fund 4,126 225 85 (242) 4,194
Current market values are reported in Schedule 1-A.
22
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SCHEDULE 1-B
Endowment and Trust Investment Funds - Financial Detail
of Funds for the SO Months Ended December 3l, 1998
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Fund Fund
Equity ExpendituresEquity
June 30, IncomeCapitalandDec. 31,
1998ContributionsEarnedGainsTransfers1998
Coca Cola Foundation Endowment Fund $ 74 $ $ 4 $ 2 $ (4) $ 76
Arthur L. Day Fund 9,707 537 204 (579) 9,869
Cecil and Ida Green Fund 977 51 19 (55) 992
Global Commons Project Fund 70 4 2 76
Houston Advanced Research Center 10 10
W. K. Kellogg Foundation Fund 27,891 1,455 552 (1,568) 28,330
Kobelt Fund 1,283 69 26 (74) 1,304
Andrew W. Mellon Foundation Fund 1,513 80 30 (86) 1,537
Postemployment Benefits 1,360 42 56 21 1,479
Frank Press Fund for Dissemination and
Outreach 1,594 20 71 29 (77) 1,637
Scientists and Engineers for the Future
Fund 1,480 89 34 (96) 1,507
State Street Fund 244 244
$53,369 $ 62 $2,808 $1,063 $(2,914) $54,388
ii. NAS - Members Endowment(s)
Anthropology Fund $ $ $ $ $ $
Board on Chemical Sciences Fund 68 4 1 73
Board on Earth Sciences Fund 5 5
Board on Mathematical Sciences Fund 3 3
Board on Physical Sciences Fund 1 1
Board on Physics and Astronomy Fund
Committee on Human Rights Fund 139 13 7 3 162
Committee on International Security
and Arms Control Fund 48 2 1 51
Committee on Life Sciences Fund 17 1 18
Embryology Fund 2 2
Environmental Studies Fund
Math and Science Education Endowment
Fund 1 1
NAS Class I Fund 2 2
Section 14 Chemistry Discretionary Fund 22 1 23
The Family and Community Well-Being
Fund 2 2
Abel Wolman Lecture Fund
$ 310 $ 13 $ 15 $ 5 $ $ 343
iii. IOM
Distinguished Scholar Fund $ 27 $ $ 1 $ 1 $ $ 29
Food and Nutrition Board 1,023 54 21 1,098
Food and Nutrition Board Corporations
Fund 276 15 6 297
Food and Nutrition Board Members Fund 10 10
Howard Hughes Medical Institute Fund 8,450 441 165 9,056
Women's HealthIssues Fund 34 2 1 37
$ 9,820 $ $ 513 $ 194 $ $10,527
Current market values are reported in Schedule 1-A.
23
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SCHEDULE 1-B
Endowment and Trust Investment Funds - Financial Detail
of Funds for the SO Months Ended December 3l, 1998
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Fund Fund
Equity ExpendituresEquity
June 30, IncomeCapital andDec. 31,
1998 Contributions EarnedGains Transfers1998
b. Prizes and Awards
i. NAS
American Psychological Association Science
Directorate Fund $ 41 $ $ 2 $ 1$ $ 44
Applied Mathematics and Numerical
Analysis Fund 29 29
Henryk Arctowski Fund 1,624 88 341,746
B ache Fund 258 15 6279
Blaauw Fund 530 22 12564
John J. Carty Fund 446 24 9479
Comstock Fund 374 21 8403
Draper Fund 172 9 3184
Elliot Fund 105 6 2 (4) 109
Estes Award in Social and Behavioral
Sciences 166 9 3 178
Gibbs Brothers Fund 170 10 4 (3) 181
Gibbs Fund 100 5 2 107
Ralph E. Gomory Award for the Application
of Science 281 15 6 302
Gould Fund 434 26 10 470
Joseph Henry Fund 291 17 7 315
Alexander Hollaender Award in Biophysics 181 10 4 195
Hunsaker Fund 209 11 4 224
Hunt Fund 100 5 2 107
Kovalenko Fund 628 34 13 675
Marsh Fund 124 8 3 135
George P. Merrill Fund 47 3 1 51
Monsanto Award in Molecular Biology 666 36 14 716
Murray Fund 94 7 3 104
NAS Award for Chemistry in Service to
Society 250 13 5 268
NAS Award in Mathematics 53 2 55
NAS Awardin Neurosciences 263 14 5 282
NAS Fund for Sciences and Technology in
International Affairs 126 6 2 134
Pradel Fund 407 21 9 437
H. P. Robertson Lectureship Fund 150 8 3 161
Helen P. Smith Fund 324 18 7 349
Mrs. J. Lawrence Smith Fund 353 19 7 (4) 375
Thompson Fund 146 8 3 157
Troland Fund 2,640 121 47 2,808
Waksman Award (5) (5)
Walcott Fund 43 3 1 47
G. K. Warren Fund 100 5 2 107
Watson Fund 658 36 14 (3) 705
$12,583 $ $657 $256 $(19) $13,477
Current market values are reported in Schedule 1-A.
24
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B. Funds Functioning as Endowment
1. NAS - Prizes and Awards
Henry G. Booker Fellowship Fund
2. PNAS
Proceedings of the National Academy of
Sciences Fund
SCHEDULE 1-B
Endowment and Trust Investment Funds - Financial Detail
of Funds for the SO Months Ended December 3l, 1998
($ in thousands)
ENDOWMENT AND TRUST INVESTMENT POOL
Fund Fund
Equity ExpendituresEquity
June 30, IncomeCapitalandDec. 31,
1998ContributionsEarnedGainsTransfers1998
ii. IOM
Gustav O. Lienhard Award $ 1,960$ $ 106 $ 40 $ (45) $ 2,061
Rhonda and Bernard G. Sarnat International
Prize in Mental Health 1,17947 17 (29) 1,214
$ 3,139 $ $ 153 $ 57 $ (74) $ 3,275
c. The National Academies' Corporation $ 14,843$ $ 737 $ 281 $ (375) $ 15,486
$ 14,843 $ $ 737 $ 281 $ (375) $ 15,486
d. Woods Hole
Peter C. Cornell Fund $ 182$ $ 9 $ 4 $ (4) $ 191
Erik Jonsson Woods Hole Fund 3,153163 62 (73) 3,305
Penzance Foundation Fund 79341 15 (18) 831
Woods Hole Endowment Fund 994 10 43 12 (19) 1,040
Woods Hole Fund 29 2 1 32
Richard King Mellon Foundation Fund 141 7 3 (3) 148
$ 5,292 $ 10 $ 265 $ 97 $ (117) $ 5,547
e. Transportation Research Board $ $ 30 $ $ $ $ 30
Turner Award $ $ 30 $ $ $ $ 30
f. PNAS
Billings Fund $ 380 $ $ 21 $ 8 $ $ 409
$ 380 $ $ 21 $ 8 $ $ 409
$ 23
$ $ 1
$ $ (3) $ 21
2,054 110 42 2,206
3. TNAC
TNAC Capital Fund1,5617328(28)$ 1,634
$ 3,638$ $ 184$ 70$ (31)$ 3,861
C. Restricted Contributions
1. NAS
a. Program
Basic Science Fund -Various $ 1 $ $ $ $ $ 1
Slipher Fund 99 4(4) 99
b. Prizes and Awards
Levison Memorial Fund 2 2
Richard Lounsbery Foundation Award (58) (58)
NAS Award for Initiatives in Research (15) (15)
NAS Award in Chemical Sciences (10) (10)
NAS Award in Scientific Reviewing (5) (5)
NAS Support Staff Award 2 2
$ 104 $ $ 4$ $ (92) $ 16
TOTAL
Current market values are reported in Schedule 1-A.
$194,723 $267 $10,464 $3,969 $(4,762) $204,661
25
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SCHEDULE 2
Endowment and Trust Investment Pool
,Iune 30 and December 3l, 1998
($ in thousands)
Balance Balance Quoted Investment
June 30, Dec. 31, Market Income
1998Additions Net 1998 Dec. 31, Year Ended
(et cost)(et cost)Reductions* Gain/(Loss) (et cost)t 1998 Dec. 31, 1998
FIXED-INCOME SECURITIES (Schedule 2-A)
Cash Equivalents$ 2,624 $ 8,823 $ 3,970 $ $ 7,477 $ 7,477 $ 36
Bonds end Noses 65,564 11,231 4,719 314 72,390 73,405 2,256
Real Estate - Mortgages 12,233 443 11,790 11,790 504
TotalFixed-Income Securities $ 80,421 $20,054 $ 9,132 $ 314 $ 91,657 $ 92,672 $2,796
EQUITY SECURITIES (Schedule 2-B) 113,956 6,997 12,037 3,652 112,568 164,502 6,750
TOTAL POOLED INVESTMENTS $194,377 $27,051 $21,169 $3,966 $204,225 $257,174 $9,546
Less: Investment Advisory Fees (40)
Net Investment Income
*Reductions from sales, redemptions, or payoff of mortgage.
"Balance excludes short-term investments that are reported in Schedules 1-A and 1-B.
26
$9,506
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SCHEDULE 2-A
Endowment and Trust Investment Pool - F~ced-Income Securities
December 3l, 1998
($ in thousands)
Interest Principal Quoted
Rate MaturityAmountCostMarket
CASH EQUIVALENTS
Admiral Money Market Fund Variable (1) Demand$6,000$6,000$6,000
Bankers Trust Investment Fund Variable (2) Demand737373
Fidelity Money Market Trust Variable (3) Demand1,4041,4041,404
TOTAL CASH EQUIVALENTS $7,477$7,477$7,477
BONDS AND NOTES
BZW Barclay's U. S. DebtIndex Fund B Variable (4) Demand$38,799$38,799$40,373
MAS Fixed Income II Institutional Variable (5) Demand12,40812,40812,291
MAS High Yield Institutional Fund Variable (6) Demand4,6184,6184,351
T. Rowe Price International
Bond Fund Variable (7) Demand2,8032,8032,997
Scudder International Bond Fund Variable (8) Demand3,1013,1012,841
State Street Bank Demand244244156
U.S. Treasury Securities 05/15/235,9985,9986,050
Vanguard High-Yield Corporate Variable (9) Demand4,4194,4194,346
TOTAL BONDS AND NOTES $72,390$72,390$73,405
REAL ESTATE - MORTGAGES
Bank of New York 9.125% $ 9,680$ 9,680$ 9,680*
Bank of New York 9.125% 2,1102,1102,110*
TOTAL REAL ESTATE - MORTGAGES $11,790$11,790$11,790*
Current yield at December 31, 1998:
(1) 4.59% (6) 5.50%
(2) 4.23% (7) 5.32%
(3) 5.07% (8) 3.82%
(4) 5.65% (9) 8.48%
(5) 9.80%
*Recorded at cost.
27
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SCHEDULE 2-B
Endowment and Trust Investment Pool - Equity Securities,
December 3l, 1998
($ in thousands)
Number
of Shares
601,442
124,375
Cost
$ 10,740
2,135
Quoted
Market
$ 10,114
1,444
16
18,060
21
1,455
255
1,270
237
6,446
1,526
13,256
580
13,901
48,561
9,154
1,750
5,374
4,050
12,551
14,334
147
Jones and Babson Enterpnse Fund
BEA Emerging Market Fund
Belmont II Limited Partners
Berkshire Hathaway, Inc.
Berkshire Hathaway, Inc. (Class B)
Capital International Emerging Market Fund
Chiron Corporation
Insurance Partners, I
Insurance Partners, II
Scudder International Fund
Templeton Emerging Market Fund
Templeton Foreign Equity Series
The Investment Fund Foundation
Vanguard Index Extended Institutional Shares
Vanguard Institutional Index Fund
Vanguard International European Portfolio
Vanguard International Pacific Portfolio
Vanguard International Growth Portfolio
Vanguard International Value
Vanguard Small Capitalization Institional Portfolio
Vanguard Windsor Fund
Partnership Interest - New Enterpnse Associates
TOTAL EQUITY SECURITIES
Short-Term Investments
December 3l, 1998
Type and Description
NASA Federal Credit Union
Vanguard Admiral Funds - Short-Term U.S. Treasury Portfolio
Vanguard Fixed-Income Securities - Short-Term Corporate Portfolio
258
9
66,309
9,756
1,270
237
132,370
183,626
746,370
580
426,856
473,425
360,976
223,246
335,518
158,376
592,005
920,646
1,128
14
1,344
205
1,270
237
5,425
2,007
8,658
580
14,110
17,899
6,582
2,507
3,358
4,475
14,076
15,219
599
$112,568
$164,502
SCHEDULE 3
($ in thousands)
Interest
Rate
5.20%
Variable (1)
Variable (2)
Cost
$ 100
17,161
17,013
TOTAL SHORT-TERM INVESTMENTS
Current yield on December 31, 1998:
(1) 4.81%
(2) 5.73%
28
$34,274
Representative terms from entire chapter:
endowment fund
