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Contents Treasurer's Statement Investments Endowment and Trust Investment Funds Description of Funds for the Six Months Ended December 31, 1998 Endowment and Trust Investment Funds Financial Detail of Funds from Inception to December 31, 1998 Financial Detail of Funds for the Six Months Ended December 31, 1998 Endowment and Trust Investment Pool June 30 and December 31, 1998 Endowment and Trust Investment Pool Fixed-Income Securities, December 31, 1998 Endowment and Trust Investment Pool Equity Securities, December 31, 1998 Short-Term Investments, December 31, 1998 I] Private Contributions Ill Financial Condition Report of the Auditing Committee of the National Academy of Sciences Independent Auditors' Report Statement of Financial Position Statement of Activities Statement of Cash Flows Notes to the Financial Statements Page 7 Schedule I 8 Schedule l -A 18 Schedule l -B 22 Schedule 2 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 · · ~
