Report of the Treasurer for the Year Ended December 31, 2013 (2014)

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I. Investments 7 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) I. Funds that Support the NAS A. General Fund — The following funds provide unrestricted resources to support the activities of the National Academy of Sciences. Agassiz Fund — Bequest of Alexander Agassiz, a member of the Academy. $ 50,000 Carnegie Fund — Balance of the original gift of $5,000,000 from 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. 3,275,000 Commonwealth Fund — A grant of the Commonwealth Fund for capital endowment of the Academy. 500,000 Carl Eckart Fund * — Bequest of Carl Eckart received for the general purposes of the Academy. 1,246,366 Ford Foundation Fund — A grant of the Ford Foundation for capital endowment of the Academy. 5,000,000 Henrietta and Alexander Hollaender Fund * — A bequest to the Academy from Dr. Alexander and Mrs. Henrietta Hollaender. 500,000 Grayce B. Kerr Fund — A grant from Grayce B. Kerr for the general purposes of the Academy. 250,000 Nealley Fund — Bequest of George True Nealley for the general purposes of the Academy. 19,556 Simon Ramo Fund — A gift from Simon Ramo for the general purposes of the Academy. 14,000 Rockefeller Foundation Fund * — A grant of the Rockefeller Foundation to the National Academy of Sciences for the general purposes of the Academy. 1,000,000 Dorothea and Herbert Simon Fund — A gift from Dorothea and Herbert Simon for the general purposes of the Academy. 898,752 Sloan Foundation Fund * — A grant of the Alfred P. Sloan Foundation for the general purposes of the Academy. 1,000,000 Amy Prudden Turner Fund * — Bequest of Amy Prudden Turner for the general purposes of the Academy to serve as a memorial to her husband Scott and herself. 29,662 Anonymous Endowment Fund — A gift for the general purposes of the Academy from a donor who wishes to remain anonymous. 7,146,660 General Endowment Fund * — Bequest of David Lloyd Fillman and others for the general purposes of the Academy. By action of the Council, the International Critical Tables were transferred into this fund during fiscal year 1976, and proceeds from the sale of the Audubon Folios were transferred in fiscal year 1981. 4,034,079 Members Endowment Fund — Contributions from various members to be used for the general purposes of the Academy. 3,302,684 Subtotal — General Fund $ 28,266,759 B. Woods Hole — The following funds support the operation and maintenance of the J. Eric Jonsson Woods Hole Center in Woods Hole, Massachusetts. The Center is operated as an extension of the conference facilities in Washington, D.C. and Irvine, California for meetings of the NAS, NRC, NAE, and IOM. Peter C. Cornell Trust Fund * — To memorialize Detlev W. Bronk, former member and president of the Academy, for his contributions to science and the nation and to recognize 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. $ 100,000 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. 2,002,500 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. 50,000 Penzance Foundation Fund — A grant for the J. Erik Jonsson Woods Hole Study Center especially for support of the property’s Clark Carriage House. 502,500 * Denotes funds for which the contribution was not permanently restricted by the donor 8 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) Woods Hole Endowment — Contributions from the Brown Foundation and various individuals for maintenance of the Woods Hole Study Center. 971,400 Woods Hole Fund — Contributions from various individuals for maintenance of the Woods Hole Study Center. 12,874 Subtotal — Woods Hole $ 3,639,274 C. Presidents' Committee Funds — Each of the following funds supports NRC programmatic efforts in areas related to the purpose specified by the fund’s donor(s) awarded by a committee consisting of the NAS, NAE, and IOM Presidents. 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. $ 503,231 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. 420,232 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. 258,081 The Coca–Cola Foundation Fund — A grant to be used for initiatives in precollege science and mathematics education. 50,000 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. 5,047,846 Cecil and Ida Green Fund — A gift from Cecil and Ida Green to be used to support activities dedicated to improving the quality of life of our people. 467,256 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 program areas such as enhancing the quality of U.S. education, assuring access to quality health care, assessing the role of biotechnology in the future of agriculture, and similar issues as they arise. 20,000,000 Kobelt Fund * — Bequest of Nina I. Kobelt to be used for research scholarships for worthy students. 296,593 Andrew W. Mellon Foundation Fund — A grant from the Andrew W. Mellon Foundation to endow a program of Academy-initiated studies. 1,000,000 George and Cynthia Mitchell Endowment for Sustainability Sciences — Contribution from the George and Cynthia Mitchell Foundation to be held and used by the Academy in perpetuity to guide academic, government and other institutions in the development of sustainability science and to encourage the world’s business community to apply knowledge from this new field in business practices. 20,000,000 George and Cynthia Mitchell Matching Endowment * — Contributions from public and private sources to be used to support the same purposes as the original George and Cynthia Mitchell Endowment for sustainability Sciences. Also, to raise funds to be eligible for a matching gift from George and Cynthia Mitchell. 114,750 Frank Press Fund for Dissemination and Outreach — Established with contributions from members of the Presidents’ Circle of the NAS, NAE, and the IOM, the income from the fund is to support a variety of dissemination and outreach activities that seek to share the Academy’s complex knowledge and resources with the policy making community and the general public. 1,167,255 * Denotes funds for which the contribution was not permanently restricted by the donor 9 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) Scientists and Engineers for the Future Fund — Contribution from an individual who wishes to remain anonymous. The income from this fund is used to support 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. 1,000,000 Subtotal — Presidents' Committee Funds $ 50,325,244 D. Program Specific Funds — Each of the following funds supports a specific programmatic purpose as designated by the donor(s). Arnold and Mabel Beckman Fund of the National Academies of Sciences and Engineering * — A fully expendable fund designated for support of programs at the Beckman Center. The fund was established to receive contributions of unexpended income from the TNAC operations endowment as well as earnings from the TNAC program endowment. $ 13,479,201 Seymour Benzer Lecture Series — Contribution from Sydney Brenner to establish a free lecture series to increase public understanding of science, engineering, technology and health. 120,000 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. 50,102 Blakeslee Fund — Bequest of Albert Francis Blakeslee, the income from which is to be used in support of genetics research. 886,902 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. 20,826 Cultural Programs of the National Academy of Sciences Fund — Contributions from various sources for sponsoring free cultural programs of merit for local residents and for providing a platform for musicians and artists. 29,034 Henry and Bryna David Endowment — A bequest of Henry and Bryna David for the establishment and funding of the Henry and Bryna David Endowment to support the communication of insights and discoveries from the social and behavioral sciences to policy makers and other decision makers to promote informed public policy and staff development through various Academy activities. 850,000 Global Commons Project Fund 39,058 Frederic L. Hoch Fund — Bequest of Frederic L. Hoch to establish the Martha Ludwig Hoch Fellowship Fund to provide grants to women studying in the sciences. 50,000 Marian Koshland Science Museum Fund * — Contributions from Dr. Daniel E. Koshland, Jr. and the Koshland Foundation to fund the operation and activities of the museum for the purpose of extending the resources of the National Academies and increasing public understanding of the nature and value of science. Dr. Koshland’s original commitment of $30 million was completed in 2004. The gift was used to fund the museum’s opening in April 2004 and ongoing operations until November 2004, when the remainder was invested in the Endowment, Trust, and Other Long-term Investments Pool. 22,788,243 Bruce Alberts Fund of the Marian Koshland Science Museum * — Contributions from Dr. Daniel E. Koshland, Jr. and the Koshland Foundation to support the travelling costs of the museum's exhibits, to fund new exhibits to replace traveling exhibits, and to extend the museum's outreach to school districts. 5,134,871 Christine Mirzayan Fellowship — A program designed to engage graduate students in various fields in the analysis and creation of science and technology policy. 5,760 National Science Resources Center Fund * — Funded by royalty revenues from elementary and middle school science kits developed by the National Science Resources Center (NSRC). Funds will be used to provide core support of NSRC programs to enhance and improve the learning and teaching of science in domestic and international schools. 4,986,473 * Denotes funds for which the contribution was not permanently restricted by the donor 10 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) New Canaan Library Fund — Contribution from the Board of the New Canaan Library to permanently maintain a current National Academies book collection in honor of Dr. H.R. Shepherd at their library. 4,000 Kumar and Shela Patel Endowment for US–India Dialogs — To support US-India scientific and technical communication and dialog through various Academy activities. 610,500 Arthur M. Sackler Colloquia of the National Academy of Sciences Fund — A gift from Mrs. Arthur M. Sackler to endow a series of scientific symposia that promote interaction among world–class researchers in rapidly advancing scientific fields. 4,375,000 The Raymond and Beverly Sackler USA–UK Scientific Forum Endowment — Contribution from the Raymond and Beverly Sackler Foundation to endow a bilateral scientific forum. The primary purpose of this Forum is to forge a partnership between the scientific leadership of the United Kingdom and the United States through conferences and meetings on topics of immediate and future scientific concern. 2,025,108 Raymond & Beverly Sackler Fund — Contribution from Raymond and Beverly Sackler to provide support for studies and projects in the areas of basic biology and of biomedical science – including the convergence of biology, physics, mathematics, and engineering sciences – in addressing problems in biomedical science and human health 2,000,000 NAS Members Endowment(s) — Additional member contributions that have been designated for special purposes, such as the Board on Chemical Sciences Fund and the Section 14 Chemistry Discretionary Fund. 58,941 U.S. National Committee for the International Astronomical Union (USNC/IAU) Fund * — Contributions from USNC/IAU to provide funds in support of participation by U.S. astronomers in the activities of the International Astronomical Union Triennial General Assemblies. 100,000 Subtotal – Program Specific Funds $ 57,614,019 E. Prizes and Awards — The following funds support prizes or awards presented in various scientific fields as designated by the donor(s). American Psychological Association (APA) 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. $ 30,000 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. 95,736 Richard C. Atkinson Fund — Gift of Richard C. Atkinson (NAS) to establish the National Academy of Sciences Prize in Psychological and Cognitive Sciences to be awarded for significant advances in the psychological and cognitive sciences with important implications for formal and systematic theory in these fields. 3,151,479 Bache Fund — Bequest of Alexander Dallas Bache, a member of the Academy, to aid research in the physical and natural sciences. 60,000 Blaauw Fund — Bequest of Marianne Blaauw to establish the Edmond and Marianne Blaauw Fund to support research in the field of ophthalmology. 71,299 John J. Carty 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. 25,000 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. 10,400 * Denotes funds for which the contribution was not permanently restricted by the donor 11 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) 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 investigations in astronomical physics; the balance of income is applied to aid research in this science. 6,000 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. 8,000 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 Division of Behavioral and Social Sciences and Education. 79,849 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 engineering. 24,000 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. 5,274 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 Bache 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 Bache Gould received in 1954, and bequest of $10,000 from the estate of Elizabeth Chandler Hockley received in 1979. 50,000 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. 39,740 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. 100,000 Hunsaker Fund — Gift of Mr. and Mrs. J. C. Hunsaker to found an Academy award in the field of aeronautical engineering. 24,750 Franklin Livingston Hunt Fund — Bequest of Franklin Livingston Hunt to aid research 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. 10,465 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. 65,760 Marsh Fund — Bequest of Othniel Charles Marsh, a member of the Academy, to promote original research in the natural sciences. 10,000 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. 10,000 Stanley Miller Award * — Bequest of Stanley L. Miller, member of the Academy, to establish a medal to be awarded to a recipient selected by the Academy for work or contributions to early earth studies. The National Academy of Sciences Award in Early Earth and Life Sciences will rotate presentations of the Stanley Miller Medal for research on early earth sciences and the Charles Doolittle Walcott Medal for research on Cambrian or pre-Cambrian life and its history. 204,554 Monsanto Award in Molecular Biology — A grant from the Monsanto Company for an 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. 6,000 * Denotes funds for which the contribution was not permanently restricted by the donor 12 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) 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. 181,838 National Academy of Sciences Award in Mathematics — Established by the American Mathematical Society for a prize to be awarded every four years in mathematics. 53,597 National Academy of Sciences Award in Chemical Sciences — An annual award currently sponsored and endowed by The Merck Company Foundation to recognize distinction in research and broad fundamental impact in pure chemistry. This award was originally established by the Occidental Petroleum Corporation in honor of Armand Hammer. 478,277 National Academy of Sciences Award in Neuroscience — Established by the Fidia Research Foundation for an award in neuroscience, to be given every three years. 140,206 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. 49,119 Pradel Fund — A bequest of Jules Pradel to be applied to work on the human central nervous system and allied subjects. 16,392 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. 20,325 Helen P. Smith Fund — A bequest of Helen P. Smith in memory of her husband, Gilbert Morgan Smith, to establish a triennial medal and honorarium to be conferred in recognition of published research in marine and freshwater algae. 67,107 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. 8,000 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. 10,000 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. 505,359 Walcott Fund — Gift of Mrs. Mary Vaux Walcott in honor of her husband, a former member and president of the Academy, to establish a medal to be awarded to a recipient selected by the Academy for work or contributions to Cambrian or pre-Cambrian life and its history. The National Academy of Sciences Award in Early Earth and Life Sciences will rotate presentations of the Charles Doolittle Walcott Medal for research on Cambrian or pre– Cambrian life and its history and the Stanley Miller Medal for research on early earth sciences. 5,000 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. 15,000 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. 25,000 Subtotal — Prizes and Awards $ 6,263,946 * Denotes funds for which the contribution was not permanently restricted by the donor 13 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) F. Reserve Funds — The following funds are invested in the long-term investment pool to provide for future unanticipated funding needs. National Academy of Sciences Reserve Fund * — Accumulated surplus from prior years' NAS General Fund operating budget. The reserve provides additional funding for ongoing operations during periods of market decline. $ 6,655,608 Proceedings of the National Academy of Sciences (PNAS) Fund * 1,000,000 Transportation Research Board (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. 1,500,000 Subtotal — Reserve Funds $ 9,155,608 Subtotal — Funds that Support the NAS $ 155,264,850 II. Funds that Support the IOM A. General Funds — The following funds provide unrestricted resources to support the activities of the Institute of Medicine. General Endowment Fund — Contributions from various sources, including members of the Institute of Medicine, for capital endowment of the Institute of Medicine. $ 1,137,182 Robert Wood Johnson Foundation Fund — An endowment grant, the income from which is to be used for core support of the Institute of Medicine. 5,000,000 Institute of Medicine Kellogg Fund * — A grant from the Kellogg Foundation to be used for the general purposes of the Institute of Medicine. 282,500 Institute of Medicine Members’ Dues * 197,500 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 the transfer of $250,000 as a matching contribution to the endowment contribution to the Institute of Medicine’s Food and Nutrition Board. 488,485 John D. and Catherine T. MacArthur Foundation Fund — A grant to be used exclusively as an endowment to the Institute of Medicine, the income from which is restricted to the general purposes of the Institute. 5,000,000 Pharmaceutical Discretionary Fund * — A grant from W. K. Kellogg to further the Institute of Medicine’s long-range program development. 480,000 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 the general purposes of the Institute of Medicine. 259,448 Miscellaneous Private Sector Fund — Contributions from Kaiser Permanente to be used for core support requirements of the Institute of Medicine. 26,346 Subtotal — General Funds $ 12,871,461 B. Program Specific Funds — Each of the following funds supports a specific programmatic purpose as designated by the donor(s). 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. $ 16,550 * Denotes funds for which the contribution was not permanently restricted by the donor 14 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) Food and Nutrition Board Corporations Fund — Contributions from Monsanto Company and Nestle, USA, Inc., to provide support for FNB activities. 125,000 Food and Nutrition Board Members Fund — Contributions from various members to be used for general purposes of the Food and Nutrition Board. 5,900 Norman F. Gant, M.D. and American Board of Obstetrics and Gynecology Fellowship Fund — A gift from the American Board of Obstetrics and Gynecology for an endowment to establish the Norman F. Gant, M.D. and American Board of Obstetrics and Gynecology Fellowship fund at the Institute of Medicine for an early career health scientist in the field of obstetrics and gynecology, as part of IOM’s Anniversary Fellows program. 650,500 David and Betty Hamburg Endowment Fund — Contributions from various individuals in support of communication/dissemination programs, collaborations among key public health stakeholders, and forward-looking studies. This fund honors former IOM president David Hamburg and his wife, colleague, and longtime NRC participant Beatrix Hamburg. 1,012,775 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. 5,000,000 Kellogg Health of the Public Fund — Contribution for the establishment of the Kellogg Health of the Public Fund, an endowment which shall be held and used by the National Academy of Sciences to advance the Institute of Medicine's capacity to contribute to the improvement of the health of America's communities. 5,000,000 Kellogg Health of the Public Fund Matching Contributions — In response to the Kellogg challenge grant to match dollar for dollar up to $2.5 million to support communication and outreach activities now and for future projects. 2,572,544 Omenn Fellowship Fund — A gift from Gilbert S. Omenn and Martha Darling created the Gilbert S. Omenn Anniversary Fellow. The purpose of the Gilbert S. Omenn Fellowship at the IOM is to enable early-career scholars combining biomedical science and population health to participate actively in the IOM study process, promoting the linkage of public health and medicine — both scientifically and through practice and policy. 752,805 Pharmacy Fellowship Fund — The American Association of Colleges of Pharmacy and the American College of Clinical Pharmacy established the Pharmacy Fellowship Fund to be a part of the IOM anniversary Fellows program providing early career health science scholars from the field of study in the pharmaceutical and clinical sciences to participate in the IOM study process. 400,000 James C. Puffer / ABFM Fund — Gift from the American Board of Family Medicine to establish a 2-year fellowship enabling early career health policy or health science scholars in family medicine to participate actively and further their careers as future leaders in the field. 826,000 Richard and Hinda Rosenthal Lecture Series — Through the generosity of the Richard and Hinda Rosenthal Foundation, a lecture series was established in 1988. In 2000, the Richard and Hinda Rosenthal Lecture Series was endowed at the Institute of Medicine of the National Academy of Sciences to bring greater attention to some of the critical health policy issues facing the country. 1,000,000 Leonard D. Schaeffer Fund — Gift from Leonard D. Schaeffer to establish an endowed position in the Executive Office of the Institute of Medicine 2,020,684 Women’s Health Issues Fund — Contribution from Syntex (U.S.A.), Inc., to be used for purposes related to women’s health issues. 20,000 Subtotal — Program Specific Funds $ 19,928,108 * Denotes funds for which the contribution was not permanently restricted by the donor 15 

SCHEDULE 1 Endowment, Trust, and Other Long–term Investments Pool Capital Description of Funds for the Year Ended December 31, 2013 Contribution (Column 1 of Schedule 1–A) C. Prizes and Awards — The following funds support prizes or awards presented in various fields as designated by the donor(s). 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. $ 1,200,000 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 organization for distinguished accomplishments in the field of mental health. 1,009,179 Sandra H. Matthews Cecil Award * — Recognizes a current or former administrative support staff member who has made a significant and sustained contribution to developing and maintaining efficient, effective, and service oriented support for the membership or program activities. 153,150 Subtotal — Prizes and Awards $ 2,362,329 D. Reserve Funds — The following funds are invested in the long-term investment pool to provide for future unanticipated funding needs. 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. $ 500,000 Subtotal — Reserve Funds $ 500,000 Subtotal — Funds that Support the IOM $ 35,661,898 Subtotal — NAS and IOM Funds $ 190,926,748 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. $ 8,000,000 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. 1,939,644 Subtotal — The National Academies’ Corporation $ 9,939,644 TOTAL $ 200,866,392 * Denotes funds for which the contribution was not permanently restricted by the donor 16 

SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2013 (Dollars in thousands) Market Market Capital Value at 2013 2013 Value at Contributions as Dec. 31, 2013 Investment Expenditures Dec. 31, of Dec. 31, 2013 2012 Contributions Gain & Transfers 2013 I. Funds that Support the NAS A. General Fund Agassiz Fund $ 50 $ 504 $ - $ 62 $ (21) $ 545 Carnegie Fund 3,275 34,840 - 4,258 (1,423) 37,675 Commonwealth Fund 500 2,262 - 276 (92) 2,446 Carl Eckart Fund * 1,246 2,302 - 281 (94) 2,489 Ford Foundation Fund 5,000 22,237 - 2,718 (908) 24,047 Henrietta and Alexander Hollaender Fund * 500 994 - 121 (41) 1,074 Grayce B. Kerr Fund 250 494 - 63 (20) 537 Nealley Fund 20 200 - 24 (8) 216 Simon Ramo Fund 14 33 - 4 (1) 36 Rockefeller Foundation Fund * 1,000 4,509 - 551 (184) 4,876 Dorothea and Herbert Simon Fund 899 1,307 - 160 (45) 1,422 Sloan Foundation Fund * 1,000 4,494 - 549 (184) 4,859 Amy Prudden Turner Fund * 30 114 - 14 (5) 123 Anonymous Endowment Fund 7,147 14,448 - 1,766 (590) 15,624 General Endowment Fund * 4,034 8,984 63 1,107 (349) 9,805 General Endowment Fund 454 513 - 63 (21) 555 Members Endowment Fund 2,848 5,059 - 615 (226) 5,448 $ 28,267 $ 103,294 $ 63 $ 12,632 $ (4,212) $ 111,777 B. Woods Hole Peter C. Cornell Trust Fund * $ 100 $ 238 $ - $ 29 $ (10) $ 257 J. Erik Jonsson Woods Hole Fund 2,003 4,123 - 504 (169) 4,458 Richard King Mellon Foundation Fund 50 174 - 21 (7) 188 Penzance Foundation Fund 502 1,036 - 127 (42) 1,121 Woods Hole Endowment Fund 971 1,192 - 146 (49) 1,289 Woods Hole Fund 13 37 - 4 (2) 39 $ 3,639 $ 6,800 $ - $ 831 $ (279) $ 7,352 C. Presidents' Committee Funds Basic Science Fund - Earth Sciences $ 503 $ 1,475 $ - $ 179 $ (63) $ 1,591 Biology and Biotechnology Fund 420 907 - 106 (105) 908 Thomas Lincoln Casey Fund 258 5,783 - 706 (285) 6,204 Coca-Cola Foundation Fund 50 74 - 9 (4) 79 Arthur L. Day Fund 5,048 17,640 - 2,168 (723) 19,085 Cecil and Ida Green Fund 467 1,514 - 186 (39) 1,661 W. K. Kellogg Foundation Fund 20,000 41,482 - 5,109 (1,528) 45,063 Kobelt Fund * 297 1,995 - 225 (123) 2,097 Andrew W. Mellon Foundation Fund 1,000 1,449 - 180 (20) 1,609 George and Cynthia Mitchell Endowment for Sustainability Sciences 20,000 24,320 - 3,006 (795) 26,531 George and Cynthia Mitchell Matching Endowment * 115 151 - 19 - 170 Frank Press Fund for Dissemination and Outreach 1,167 2,101 - 260 (104) 2,257 Scientists and Engineers for the Future Fund 1,000 1,574 - 191 (25) 1,740 $ 50,325 $ 100,465 $ - $ 12,344 $ (3,814) $ 108,995 * Denotes funds for which the contribution was not permanently restricted by the donor 17 

SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2013 (Dollars in thousands) Market Market Capital Value at 2013 2013 Value at Contributions as Dec. 31, 2013 Investment Expenditures Dec. 31, of Dec. 31, 2013 2012 Contributions Gain & Transfers 2013 D. Program Specific Funds Arnold and Mabel Beckman Fund of the NAS and NAE * $ 13,479 $ 12 $ 1,500 $ 86 $ (574) 1,024 Seymour Benzer Lecture Series 120 137 - 18 - 155 Billings Fund 50 1,002 - 125 (1) 1,126 Blakeslee Fund 887 2,271 - 276 (93) 2,454 Henry G. Booker Fellowship Fund 21 62 - 8 - 70 Communications Initiative Fund * - 3,212 - 392 (131) 3,473 Cultural Programs of the NAS Fund 29 46 1 6 - 53 Henry and Bryna David Endowment 850 1,401 - 167 (130) 1,438 Global Commons Project Fund 39 182 - 23 (1) 204 Hoch Fellowship Fund 50 51 - 6 - 57 Marian Koshland Science Museum Fund * 22,788 18,730 2 2,267 (1,318) 19,681 Bruce Alberts Fund for the Marian Koshland Science Museum * 5,135 6,897 - 862 (10) 7,749 Christine Mirzayan Fellowship Endowment 6 8 - 1 - 9 National Science Resources Center Fund * 4,986 6,089 - 750 (816) 6,023 New Canaan Library Fund 4 12 - 1 - 13 Kumar and Shela Patel Endowment for US-India Dialogs 611 826 6 103 (13) 922 Arthur M. Sackler Colloquia Fund 4,375 5,699 - 701 (309) 6,091 Raymond & Beverly Sackler USA-UK Scientific Forum Endowment 2,025 2,168 - 271 (3) 2,436 Raymond & Beverly Sackler Fund 2,000 2,352 - 294 (3) 2,643 NAS Members Endowment(s) 59 313 - 39 (1) 351 USNC/IAU * 100 178 - 23 - 201 $ 57,614 $ 51,648 $ 1,509 $ 6,419 $ (3,403) $ 56,173 E. Prizes and Awards American Psychological Association Science Directorate Fund $ 30 $ 75 $ - $ 9 $ (3) $ 81 Henryk Arctowski Fund 96 3,532 - 436 (94) 3,874 Richard C. Atkinson Fund 3,151 983 2,630 348 - 3,961 Bache Fund 60 385 - 46 (30) 401 Blaauw Fund 71 837 - 101 (62) 876 John J. Carty Fund 25 708 - 88 (4) 792 Comstock Fund 10 863 - 108 (2) 969 Draper Fund 6 346 - 42 (22) 366 Elliot Fund 8 163 - 20 (1) 182 Estes Award in Social and Behavioral Sciences 80 225 - 28 (1) 252 Gibbs Brothers Fund 24 218 - 27 (1) 244 Gibbs Fund 5 156 - 19 (11) 164 Ralph E. Gomory Award for the Application of Science 179 522 - 65 (3) 584 Gould Fund 50 692 - 83 (52) 723 Joseph Henry Fund 40 450 - 54 (34) 470 Alexander Hollaender Award in Biophysics 100 317 - 38 (25) 330 Hunsaker Fund 25 448 - 56 (1) 503 Franklin Livingston Hunt Fund 10 262 - 33 - 295 * Denotes funds for which the contribution was not permanently restricted by the donor 18 

SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2013 (Dollars in thousands) Market Market Capital Value at 2013 2013 Value at Contributions as Dec. 31, 2013 Investment Expenditures Dec. 31, of Dec. 31, 2013 2012 Contributions Gain & Transfers 2013 Kovalenko Fund $ 66 $ 1,516 $ 1 $ 188 $ (34) $ 1,671 Marsh Fund 10 197 - 24 (15) 206 George P. Merrill Fund 10 646 - 78 (48) 676 Stanley Miller Award * 205 220 - 28 (1) 247 Monsanto Award in Molecular Biology 421 1,065 - 131 (35) 1,161 Murray Fund 6 164 - 19 (20) 163 NAS Award for Chemistry in - Service to Society 182 358 - 43 (28) 373 NAS Award in Mathematics 54 54 - 7 - 61 NAS Award in Chemical Sciences 478 554 31 68 (24) 629 NAS Award in Neuroscience 140 510 62 (30) 542 NAS Fund for Sciences and Technology in International Affairs 49 256 - 32 - 288 Pradel Fund 16 1,878 - 227 (115) 1,990 H. P. Robertson Lectureship Fund 20 326 - 41 (1) 366 Helen P. Smith Fund 67 646 - 81 (1) 726 Mrs. J. Lawrence Smith Fund 8 706 - 88 (1) 793 Thompson Fund 10 219 - 28 (1) 246 Troland Fund 506 4,387 - 542 (121) 4,808 Walcott Fund 5 79 - 9 (18) 70 G. K. Warren Fund 15 189 - 24 (2) 211 Watson Fund 25 1,421 - 178 (4) 1,595 $ 6,263 $ 26,573 $ 2,662 $ 3,499 $ (845) $ 31,889 F. Reserve Funds National Academy of Sciences Reserve Fund * $ 6,656 $ 5,037 $ - $ 577 $ (548) $ 5,066 Proceedings of the National Academy of Sciences Fund * 1,000 1,228 - 154 (1) 1,381 Transportation Research Board Reserve Fund * 1,500 2,500 - 313 (4) 2,809 Due to (from) National Academy of Sciences * - - (252) (9) - (261) $ 9,156 $ 8,765 $ (252) $ 1,035 $ (553) $ 8,995 Subtotal — Funds that Support the NAS $ 155,264 $ 297,545 $ 3,982 $ 36,760 $ (13,106) $ 325,181 II. Funds that Support the IOM A. General Funds General Endowment Fund $ 1,137 $ 1,814 - $ 224 $ (33) $ 2,005 Robert Wood Johnson Foundation Fund 5,000 10,453 - 1,294 (194) 11,553 IOM Kellogg Fund * 283 572 - 71 (11) 632 IOM Members Dues * 198 385 - 48 (8) 425 Henry J. Kaiser Family Foundation Fund 488 816 - 101 (15) 902 John D. and Catherine T. MacArthur Foundation Fund 5,000 10,364 - 1,259 (191) 11,432 Pharmaceutical Discretionary Fund * 480 1,021 - 127 (20) 1,128 Pharmaceutical Endowment Fund 259 495 - 61 (9) 547 Miscellaneous Private Sector Fund 26 58 - 7 (1) 64 $ 12,871 $ 25,978 $ - $ 3,192 $ (482) $ 28,688 * Denotes funds for which the contribution was not permanently restricted by the donor 19 

SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2013 (Dollars in thousands) Market Market Capital Value at 2013 2013 Value at Contributions as Dec. 31, 2013 Investment Expenditures Dec. 31, of Dec. 31, 2013 2012 Contributions Gain & Transfers 2013 B. Program Specific Funds Distinguished Scholar Fund $ 17 $ 77 $ - $ 10 $ (1) $ 86 Food & Nutrition Board (FNB) Fund 525 1,678 - 210 (2) 1,886 FNB Corporations Fund 125 486 - 60 (1) 545 FNB Members Fund 6 28 1 3 - 32 Norman Gant & ABOG Fellowship 650 825 - 102 (44) 883 Hamburg Endowment Fund 1,013 1,412 - 177 (2) 1,587 Howard Hughes Medical Institute Fund 5,000 15,658 - 1,959 (38) 17,579 Kellogg Health of the Public Fund 5,000 6,432 - 791 (324) 6,899 Kellogg Health of the Public Fund Matching Contributions 2,573 3,333 1 442 (5) 3,771 Omenn Fellowship Fund 753 766 - 96 - 862 Pharmacy Fellowship Fund 400 132 350 49 - 531 James C. Puffer / ABFM 826 981 - 123 (2) 1,102 Richard and Hinda Rosenthal Lecture Series 1,000 1,497 - 182 (70) 1,609 Leonard D. Schaeffer Endowment 2,021 1,998 20 251 (2) 2,267 Women's Health Issues Fund 20 88 - 10 - 98 $ 19,929 $ 35,391 $ 372 $ 4,465 $ (491) $ 39,737 C. Prizes and Awards Gustav O. Lienhard Award $ 1,200 $ 4,416 $ - $ 548 $ (79) $ 4,885 Rhonda and Bernard G. Sarnat International Prize in Mental Health 1,009 1,492 - 185 (38) 1,639 Sandra H. Matthews Cecil Award * 153 137 18 20 - 175 $ 2,362 $ 6,045 $ 18 $ 753 $ (117) $ 6,699 D. Reserve Funds IOM Reserve Fund * $ 500 $ 984 $ - $ 123 $ (1) $ 1,106 Subtotal — Funds that Support the IOM $ 35,662 $ 68,398 $ 390 $ 8,533 $ (1,091) $ 76,230 Subtotal — NAS and IOM Funds $ 190,926 $ 365,943 $ 4,372 $ 45,293 $ (14,197) $ 401,411 III. Funds Held on Behalf of Others A. The National Academies' Corporation Operations Endowment $ 8,000 $ 7,978 $ - $ 996 $ (50) $ 8,924 Program Endowment 1,940 1,941 - 249 (36) 2,154 Building Maintenance Reserve * - 88 - 5 (79) 14 $ 9,940 $ 10,007 $ - $ 1,250 $ (165) $ 11,092 TOTAL $ 200,866 $ 375,950 $ 4,372 $ 46,543 $ (14,362) $ 412,503 * Denotes funds for which the contribution was not permanently restricted by the donor 20 

SCHEDULE 2 Endowment, Trust, and Other Long-term Investments Pool Asset Allocation as of December 31, 2012 U.S. Large Equity 23.8% Private Equity 3.6% U.S. Small/Mid Cap Equity Hedge Funds 11.2% 13.1% Non-U.S. Fixed Income 5.7% U.S. Fixed Income/Cash Non-U.S. Equity 5.2% (Developed) 21.5% Real Estate Equity 3.3% Non-U.S. Equity (Emerging) 12.6% 21 

SCHEDULE 2-A Endowment, Trust, and Other Long-term Investments Pool Change in Valuation and Market Value Summary Change in Valuation from 12/31/12 to 12/31/13 (Dollars in Thousands) Market Value at 12/31/12 $ 375,950 Realized Capital Gain 5,411 Unrealized Capital Gains 30,585 Reinvested Income 10,547 Contributions 4,372 Expenditures and Transfers (14,362) Market Value at 12/31/13 $ 412,503 Holdings and Market Value Summary as of 12/31/13 (Dollars in Thousands) U.S. Large Equity Non-U.S. Equity (Emerging) Berkshire Hathaway A $ 25,262 Capital Int'l Emerging Market $ 22,581 Berkshire Hathaway B 53 Templeton Emerging Market 12,338 Vanguard Institutional Index 4,988 Wisdomtree Emerging Markets 17,001 Vanguard Precious Metals & Mining 3,977 Other 19 Materials Select Sector SPDR 9,237 Subtotal $ 51,939 Powershares Water Portfolio 4,300 Vanguard Energy Fund 4,279 Real Estate Equity Wisdomtree Large Cap Dividend 6,495 iShares Dow Jones RE Index $ 6,612 Renaissance Inst'l Equities (long-short) 18,672 Third Avenue RE Fund 6,948 Maverick Fund Ltd. (long-short) 20,602 Other 15 Other 92 Subtotal $ 13,575 Subtotal $ 97,957 U.S. Fixed Income/Cash PIMCO Funds Total Return $ 16,804 U.S. Small/Mid Cap Equity Cash Equivalents 4,490 SPDR S&P Biotech ETF $ 12,499 Other 101 Vanguard Extended Market Index 22,055 Subtotal $ 21,395 Vanguard Small Cap Index 11,670 Other 61 Non-U.S. Fixed Income Subtotal $ 46,285 PIMCO Foreign Bond $ 14,736 PIMCO Developing 6,005 Non-U.S. Equity (Developed) PIMCO Emerging Bond 2,843 Dodge & Cox International $ 10,886 Other 19 Driehaus International Discovery 13,271 Subtotal $ 23,603 Templeton Institutional 11,835 Vanguard European Stock Index 4,591 Hedge Funds Vanguard Pacific Stock Index 8,967 Tactician Windward $ 4,858 Vanguard International Growth 12,450 Makena Capital Associates 26,118 Vanguard International Value 11,770 Renaissance Inst'l Futures 11,711 Matthews Asia Dividend Fund 3,308 Bowery Opportunity Fund 4,841 Platinum Fund (long-short) 11,415 Rosetta Capital Management 1,375 Other 29 Davidson Kempner 5,254 Subtotal $ 88,522 Subtotal $ 54,157 Private Equity $ 15,070 GRAND TOTAL $ 412,503 22