Endowment and Trust Investment Funds—Financial Detail of Funds for the Year Ended December 31, 2003
|
($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL |
|||||||||
|
Capital Contributions as of Dec. 31 2003 |
Fund Equity at Dec. 31, 2002 |
2003 Contributions |
2003 Realized Gains and Income |
2003 Expenditures and Transfers |
Fund Equity at Dec. 31, 2003 |
Market Value at Dec. 31, 2003 |
|||
I. |
Endowment |
|||||||||
A. |
Unrestricted |
|||||||||
1. |
NAS |
|||||||||
Agassiz Fund |
$ 50 |
$ 388 |
$— |
$ 14 |
$ (25) |
$ 377 |
$ 465 |
|||
Carnegie Fund |
3,275 |
28,411 |
— |
942 |
(1,680) |
27,673 |
32,058 |
|||
Commonwealth Fund |
500 |
1,762 |
— |
54 |
(97) |
1,719 |
2,063 |
|||
Carl Eckart Fund |
1,246 |
1,816 |
— |
64 |
(114) |
1,766 |
2,113 |
|||
Ford Foundation Fund |
5,000 |
17,311 |
— |
545 |
(972) |
16,884 |
20,307 |
|||
Henrietta and Alexander Hollaender Fund |
500 |
734 |
— |
24 |
(42) |
716 |
906 |
|||
Grayce B. Kerr Fund |
250 |
360 |
— |
11 |
(20) |
351 |
448 |
|||
Nealley Fund |
20 |
225 |
— |
6 |
(10) |
221 |
184 |
|||
Simon Ramo Fund |
14 |
31 |
— |
1 |
(1) |
31 |
30 |
|||
Rockefeller Foundation Fund |
1,000 |
3,536 |
— |
112 |
(200) |
3,448 |
4,122 |
|||
Dorothea and Herbert Simon Fund |
586 |
779 |
— |
24 |
(43) |
760 |
870 |
|||
Sloan Foundation Fund |
1,000 |
3,543 |
— |
112 |
(200) |
3,455 |
4,203 |
|||
Amy Prudden Turner Fund |
30 |
93 |
— |
3 |
(6) |
90 |
11 |
|||
Anonymous Endowment Fund |
7,147 |
11,425 |
— |
348 |
(622) |
11,151 |
13,179 |
|||
General Endowment Fund |
3,152 |
6,448 |
— |
205 |
(365) |
6,288 |
7,485 |
|||
Members Endowment Fund |
2,522 |
3,746 |
28 |
114 |
(200) |
3,688 |
4,277 |
|||
|
$ 26,292 |
$ 80,608 |
$ 28 |
$2,579 |
$ (4,597) |
$ 78,618 |
$ 92,721 |
|||
2. |
IOM |
|||||||||
General Endowment Fund |
$ 1,041 |
$ 1,645 |
$ 72 |
$ 41 |
$ (99) |
$ 1,659 |
$ 1,575 |
|||
Robert Wood Johnson Foundation Fund |
5,000 |
9,527 |
— |
288 |
(822) |
8,993 |
9,703 |
|||
IOM Kellogg Fund |
283 |
351 |
— |
10 |
— |
361 |
344 |
|||
IOM Members Dues |
198 |
243 |
— |
7 |
— |
250 |
241 |
|||
Henry J. Kaiser Family Foundation Fund |
489 |
750 |
— |
23 |
(65) |
708 |
796 |
|||
John D. and Catherine T. MacArthur Foundation Fund |
5,000 |
9,167 |
— |
284 |
(810) |
8,641 |
10,115 |
|||
Pharmaceutical Discretionary Fund |
480 |
559 |
— |
15 |
— |
574 |
586 |
|||
Pharmaceutical Endowment Fund |
259 |
465 |
— |
13 |
(37) |
441 |
474 |
|||
Miscellaneous Private Sector Fund |
26 |
50 |
— |
1 |
(4) |
47 |
281 |
|||
|
$ 12,776 |
$ 22,757 |
$ 72 |
$ 682 |
$ (1,837) |
$ 21,674 |
$ 24,115 |
|||
B. |
Restricted for Specific Purpose |
|||||||||
1. |
Program |
|||||||||
a. NAS |
||||||||||
Arts in the Academy Fund |
$ 4 |
$ 10 |
$— |
$— |
$— |
$10 |
$12 |
|||
Basic Science Fund – Earth Sciences |
500 |
921 |
— |
26 |
(49) |
898 |
993 |
|||
Biology and Biotechnology Fund |
420 |
631 |
— |
21 |
(38) |
614 |
718 |
|||
Blakeslee Fund |
887 |
1,748 |
— |
57 |
(98) |
1,707 |
2,111 |
|||
Thomas Lincoln Casey Fund |
258 |
4,436 |
— |
146 |
(261) |
4,321 |
5,107 |
|||
Coca-Cola Foundation Fund |
50 |
79 |
— |
3 |
(5) |
77 |
90 |
|||
Henry and Bryna David Endowment |
850 |
867 |
— |
26 |
— |
893 |
968 |
|||
Arthur L. Day Fund |
5,048 |
12,963 |
— |
409 |
(720) |
12,652 |
14,297 |
Endowment and Trust Investment Funds—Financial Detail of Funds for the Year Ended December 31, 2003
|
($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL |
|||||||
Capital Contributions as of Dec. 31 2003 |
Fund Equity at Dec. 31, 2002 |
2003 Contributions |
2003 Realized Gains and Income |
2003 Expenditures and Transfers |
Fund Equity at Dec. 31, 2003 |
Market Value at Dec. 31, 2003 |
||
|
Cecil and Ida Green Fund |
$ 467 |
$ 1,047 |
$— |
$ 32 |
$ (59) |
$ 1,020 |
$ 1,201 |
Global Commons Project Fund |
39 |
94 |
— |
3 |
— |
97 |
110 |
|
Houston Advanced Research Center |
— |
11 |
— |
— |
— |
11 |
— |
|
W. K. Kellogg Foundation Fund |
20,000 |
29,994 |
— |
942 |
(1,693) |
29,243 |
34,220 |
|
Kobelt Fund |
297 |
1,381 |
— |
44 |
(80) |
1,345 |
1,582 |
|
Andrew W. Mellon Foundation Fund |
1,000 |
1,625 |
— |
52 |
(94) |
1,583 |
1,391 |
|
The George and Cynthia Mitchell Endowment for Sustainability Sciences at the National Academy of Sciences |
4,000 |
1,992 |
2,000 |
100 |
— |
4,092 |
4,676 |
|
The George and Cynthia Mitchell Matching Endowment |
23 |
— |
26 |
— |
— |
26 |
25 |
|
The Kumar and Shela Patel Endowment for US-India Dialogs |
600 |
648 |
— |
18 |
— |
666 |
645 |
|
Frank Press Fund for Dissemination and Outreach |
1,151 |
1,672 |
— |
48 |
(88) |
1,632 |
1,862 |
|
Arthur M. Sackler Colloquia of the National Academy of Sciences Fund |
2,500 |
2,015 |
625 |
67 |
170 |
2,877 |
2,801 |
|
Scientists and Engineers for the Future Fund |
1,000 |
1,618 |
— |
57 |
(105) |
1,570 |
1,404 |
|
NAS Members Endowment(s) |
281 |
483 |
67 |
16 |
— |
566 |
606 |
|
State Street Fund |
|
126 |
||||||
|
$ 39,375 |
$ 64,235 |
$2,718 |
$2,067 |
$ (3,120) |
$ 65,900 |
$ 74,945 |
|
b. |
IOM |
|||||||
Distinguished Scholar Fund |
$ 17 |
$ 41 |
$— |
$ 1 |
$ (10) |
$ 32 |
$ 220 |
|
Consequences of Uninsurance |
7 |
7 |
— |
— |
— |
7 |
7 |
|
Dissemination Activities |
84 |
84 |
— |
3 |
— |
87 |
97 |
|
Food and Nutrition Board Fund |
525 |
1,156 |
— |
35 |
(230) |
961 |
1,155 |
|
Food and Nutrition Board Corporations Fund |
125 |
379 |
— |
9 |
(100) |
288 |
306 |
|
Food and Nutrition Board Members Fund |
5 |
13 |
1 |
— |
— |
14 |
16 |
|
Howard Hughes Medical Institute Fund |
5,000 |
9,077 |
— |
298 |
(21) |
9,354 |
11,286 |
|
Improving Health Policy Communication |
9 |
7 |
4 |
— |
— |
11 |
11 |
|
Kellogg Health of the Public Fund |
2,500 |
— |
2,500 |
40 |
— |
2,540 |
2,765 |
|
Kellogg Health of the Public Fund Matching Contributions |
— |
— |
51 |
— |
— |
51 |
— |
|
Richard and Hinda Rosenthal Lecture Series |
400 |
410 |
400 |
18 |
(16) |
812 |
700 |
|
Women’s Health Issues Fund |
20 |
48 |
— |
1 |
— |
49 |
54 |
|
|
$ 8,692 |
$ 11,222 |
$2,956 |
$ 405 |
$ (377) |
$ 14,206 |
$ 16,617 |
Endowment and Trust Investment Funds—Financial Detail of Funds for the Year Ended December 31, 2003
|
($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL |
||||||||
Capital Contributions as of Dec. 31 2003 |
Fund Equity at Dec. 31, 2002 |
2003 Contributions |
2003 Realized Gains and Income |
2003 Expenditures and Transfers |
Fund Equity at Dec. 31, 2003 |
Market Value at Dec. 31, 2003 |
|||
2. |
Prizes and Awards |
||||||||
a. |
NAS |
||||||||
American Psychological |
|
||||||||
Association Science Directorate Fund |
$ 30 |
$ 41 |
$— |
$ 1 |
$ (4) |
$ 38 |
$ 52 |
||
Applied Mathematics and Numerical Analysis Fund |
— |
2 |
— |
— |
— |
2 |
— |
||
Henryk Arctowski Fund |
96 |
2,066 |
— |
66 |
— |
2,132 |
2,406 |
||
Bache Fund |
60 |
282 |
— |
10 |
(16) |
276 |
330 |
||
Blaauw Fund |
71 |
620 |
— |
21 |
(35) |
606 |
712 |
||
John J. Carty Fund |
25 |
581 |
— |
18 |
(29) |
570 |
647 |
||
Comstock Fund |
10 |
497 |
— |
17 |
— |
514 |
581 |
||
Draper Fund |
6 |
215 |
— |
7 |
— |
222 |
256 |
||
Elliot Fund |
8 |
137 |
— |
4 |
(2) |
139 |
152 |
||
Estes Award in Social and Behavioral Sciences |
80 |
205 |
— |
6 |
(24) |
187 |
210 |
||
Gibbs Brothers Fund |
24 |
207 |
— |
7 |
(23) |
191 |
212 |
||
Gibbs Fund |
5 |
112 |
— |
3 |
(6) |
109 |
127 |
||
Ralph E. Gomory Award for the Application of Science |
179 |
327 |
— |
10 |
— |
337 |
397 |
||
Gould Fund |
50 |
516 |
— |
17 |
(29) |
504 |
591 |
||
Joseph Henry Fund |
40 |
336 |
— |
11 |
(20) |
327 |
386 |
||
Alexander Hollaender Award in Biophysics |
100 |
223 |
— |
7 |
— |
230 |
263 |
||
Hunsaker Fund |
25 |
268 |
— |
8 |
— |
276 |
312 |
||
Franklin Livingston Hunt Fund |
10 |
138 |
— |
4 |
— |
142 |
158 |
||
Kovalenko Fund |
60 |
853 |
1 |
28 |
— |
882 |
996 |
||
Marsh Fund |
10 |
146 |
— |
5 |
(9) |
142 |
169 |
||
George P. Merrill Fund |
10 |
55 |
— |
2 |
(3) |
54 |
508 |
||
Monsanto Award in Molecular Biology |
421 |
783 |
— |
25 |
(30) |
778 |
891 |
||
Murray Fund |
6 |
148 |
— |
5 |
— |
153 |
154 |
||
NAS Award for Chemistry in Service to Society |
182 |
289 |
— |
9 |
(23) |
275 |
314 |
||
NAS Award in Mathematics |
54 |
55 |
— |
1 |
— |
56 |
58 |
||
NAS Award in Chemical Sciences |
478 |
454 |
— |
13 |
(24) |
443 |
459 |
||
NAS Award in Neurosciences |
140 |
329 |
— |
10 |
— |
339 |
387 |
||
NAS Fund for Sciences and Technology in International Affairs |
49 |
171 |
— |
4 |
— |
175 |
196 |
||
Pradel Fund |
16 |
560 |
— |
17 |
— |
577 |
1,156 |
||
H. P. Robertson Lectureship Fund |
20 |
181 |
— |
6 |
— |
187 |
210 |
||
Helen P. Smith Fund |
67 |
420 |
— |
13 |
(23) |
410 |
467 |
||
Mrs. J. Lawrence Smith Fund |
8 |
465 |
— |
14 |
(29) |
450 |
511 |
||
Thompson Fund |
10 |
189 |
— |
6 |
(20) |
175 |
196 |
Endowment and Trust Investment Funds—Financial Detail of Funds for the Year Ended December 31, 2003
|
($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL |
|||||||||
Capital Contributions as of Dec. 31 2003 |
Fund Equity at Dec. 31, 2002 |
2003 Contributions |
2003 Realized Gains and Income |
2003 Expenditures and Transfers |
Fund Equity at Dec. 31, 2003 |
Market Value at Dec. 31, 2003 |
||||
|
|
|
Troland Fund |
$ 505 |
$ 3,104 |
$— |
$ 84 |
$ (111) |
$ 3,077 |
$ 3,466 |
Waksman Award |
10 |
(5) |
— |
— |
(10) |
(15) |
— |
|||
Walcott Fund |
5 |
48 |
— |
2 |
— |
50 |
64 |
|||
G. K. Warren Fund |
15 |
124 |
— |
4 |
— |
128 |
146 |
|||
Watson Fund |
25 |
834 |
— |
28 |
— |
862 |
1,036 |
|||
|
$ 2,910 |
$ 15,976 |
$ 1 |
$ 493 |
$ (470) |
$ 16,000 |
$ 19,176 |
|||
b. |
IOM |
|||||||||
Gustav O. Lienhard Award |
$ 1,200 |
$ 2,086 |
$— |
$ 84 |
$ (91) |
$ 2,079 |
$ 3,044 |
|||
Rhonda and Bernard G. Sarnat International Prize in Mental Health |
1,009 |
1,165 |
— |
34 |
(29) |
1,170 |
1,248 |
|||
|
$ 2,209 |
$ 3,251 |
$— |
$ 118 |
$ (120) |
$ 3,249 |
$ 4,292 |
|||
3. |
The National Academies’ Corporation |
$ 12,112 |
$ 16,720 |
$— |
$ 525 |
$ (1,100) |
$ 16,145 |
$ 17,771 |
||
|
|
$ 12,112 |
$ 16,720 |
$— |
$ 525 |
$ (1,100) |
$ 16,145 |
$ 17,771 |
||
4. |
Woods Hole |
|||||||||
Peter C. Cornell Trust Fund |
$ 100 |
$ 196 |
$— |
$ 6 |
$ (11) |
$ 191 |
$ 221 |
|||
J. Erik Jonsson Woods Hole Fund |
2,003 |
3,393 |
— |
103 |
(187) |
3,309 |
3,826 |
|||
Penzance Foundation Fund |
503 |
853 |
— |
26 |
(47) |
832 |
961 |
|||
Woods Hole Endowment Fund |
968 |
1,204 |
2 |
31 |
(55) |
1,182 |
1,104 |
|||
Woods Hole Fund |
13 |
29 |
— |
2 |
(2) |
29 |
34 |
|||
Richard King Mellon Foundation Fund |
50 |
154 |
— |
4 |
(8) |
150 |
162 |
|||
|
$ 3,637 |
$ 5,829 |
$ 2 |
$ 172 |
$ (310) |
$ 5,693 |
$ 6,308 |
|||
5. |
Transportation Research Board |
|||||||||
Turner Award |
$ 38 |
$ 41 |
$— |
$— |
$— |
$41 |
$— |
|||
|
$ 38 |
$ 41 |
$— |
$— |
$— |
$41 |
$— |
|||
6. |
PNAS |
|||||||||
Billings Fund |
$ 50 |
$ 530 |
$— |
$17 |
$— |
$ 547 |
$ 614 |
|||
|
$ 50 |
$ 530 |
$— |
$17 |
$— |
$ 547 |
$ 614 |
|||
II. |
Funds Functioning as Endowment |
|||||||||
A. |
Unrestricted |
|||||||||
National Academy of Sciences Reserve Fund |
$ 1,307 |
$ 1,384 |
$— |
$ 37 |
$ 261 |
$ 1,682 |
$ 1,983 |
|||
IOM Reserve Fund |
500 |
649 |
— |
17 |
— |
666 |
591 |
|||
TRB Reserve Fund |
1,500 |
1,930 |
— |
49 |
— |
1,979 |
1,803 |
|||
|
|
$ 3,307 |
$ 3,963 |
$— |
$ 103 |
$ 261 |
$ 4,327 |
$ 4,377 |
||
B. |
Restricted for a Specific Purpose |
|||||||||
Postemployment Benefits |
$ 700 |
$ 809 |
$— |
$ 22 |
$ (327) |
$ 504 |
$ 1,062 |
|||
Henry G. Booker Fellowship Fund |
20 |
26 |
1 |
1 |
— |
28 |
40 |
|||
Proceedings of the National Academy of Sciences Fund |
1,000 |
2,843 |
— |
89 |
— |
2,932 |
3,343 |
|||
TNAC Capital Fund |
1,595 |
2,343 |
— |
68 |
(30) |
2,381 |
2,338 |
|||
USNC/IAU |
100 |
120 |
— |
3 |
— |
123 |
118 |
|||
|
|
$ 3,415 |
$ 6,141 |
$ 1 |
$ 183 |
$ (357) |
$ 5,968 |
$ 6,901 |
||
TOTAL |
$114,813 |
$231,273 |
$5,778 |
$7,344 |
$(12,027) |
$232,368 |
$267,837 |