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I. Investments 7
SCHEDULE 1 J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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. 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 14,000 213,930 1,000,000 7,146,660 2,375,375 $ 607,779 500,000 1,000,000 29,662 3,149,745 $19,844,521 $5,287,186 $ 631,647
SCHEDULE 1 J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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 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 $ 5,000,000 500,000 282,500 197,500 488,485 5,000,000 480,000 259,448 26,346 $12,865,926 $ 1,500,000 $ 1,500,000 $ 3,934 9
SCHEDULE 1 J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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 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. 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, NAE, 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 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. State Street Fund Subtotal For endowment contributions, the capital is typically restricted and the income is unrestricted. 10 Capital Contribution Column 2 of Schedule 1A Restricted Unrestricted $ 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 $1,025,179 $28,977,577 $1,025,179
SCHEDULE 1 J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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 the 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 1,300 450 100 105,788 23,800 9,965 976 200 400 750 11,100 1,000 200 $ 189,544 $ 11,750 525,000 125,000 2,700 5,000,000 20,000 $5,684,450 11
SCHEDULE 1 J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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 on 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. Cartv Fund - Gift of the American Telenhone and Tele~ranh Comnanv in 1 0 1 1 -/ recognition of the distinguished achievements of John J. C arty 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 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
SCHEDULE 1 Capital Contribution Column 2 of Schedule 1A Restricted Unrestricted J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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 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. 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 50,000 39,740 100,000 24,750 10,465 44,086 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 ~
SCHEDULE 1 J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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. 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. Waksman Fund - Gift of the Foundation for Microbiology for an award of $5,000 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 10,000 505,359 100,000 5,000 15,000 25,000 $2,454,264 $53,597 $1,200,000
SCHEDULE 1 J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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 (TRACE - 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 Award - 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. PNAS 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 2,002,500 502,500 859,691 12,874 50,000 $ 3,527,565 $ 35,000 $ 35,000 $ 50,102 $ 50,102 15
SCHEDULE 1 J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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. RESTRICTED CONTRIBUTIONS 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 Bank One, Scottsdale, 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 $1,426,573 $1,426,573
J Endowment and Trust Investments Description of Funds for the Year Ended December 31, 1999 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 Capital Contribution Column 2 of Schedule 1A Restricted Unrestricted $ 178,277 $91,458,018 $6,544,239 Notes: Items that have a " " in the Capital Contribution column are those with no contribution this year but that have activity in the investment pool. In most cases there is short-term investment activity. For endowment contributions, the capital is typically restricted and the income is unrestricted. 17
SCHEDULE 1-A Endowment and Trust Investment Funds - Financial Detail of Funds from Inception to December 31, 1999 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Number of Cumulative Fund Market Participating Reinvestment Cumulative Total Cash and Equity Values Capital Capital of Earned Realized Pooled Accrued Dec. 31, Dec. 31, Units Contribution Income Gains Investments Income 1999 1999 A. Endowment 1. Unrestricted a. NAS Agassiz Fund 588.69 $ 50 $ 77 $ 261 $ 388 $ 99 $ 487 $ 581 Carnegie Fund 39,846.81 3,275 5,725 17,843 26,843 255 27,098 39,356 Commonwealth Fund 2,295.51 500 329 868 1,697 7 1,704 2,267 Carl Eckart Fund 1,909.87 608 221 589 1,418 134 1,552 1,886 Ford Foundation Fund 23,064.59 5,000 3,323 8,723 17,046 (3) 17,043 22,781 Henrietta and Alexander Hollaender Fund 1,006.60 500 85 147 732 6 738 994 Grayce B. Kerr Fund 469.90 250 40 66 356 (2) 354 464 National Academy of Sciences Reserve Fund 103.86 41 32 73 4 77 103 Nealley Fund 227.75 20 51 109 180 180 225 Simon Ramo Fund 33.05 14 9 9 32 13 45 33 Rockefeller Foundation Fund 4,737.89 1,000 682 1,800 3,482 36 3,518 4,680 Dorothea and Herbert Simon Fund 533.50 214 40 147 401 1 402 527 Sloan Foundation Fund 4,740.17 1,000 683 1,799 3,482 38 3,520 4,682 Amy Prudden Turner Fund 130.81 30 5 56 91 12 103 129 Anonymous Endowment Fund 14,753.43 7,147 1,599 2,466 11,212 (279) 10,933 14,572 General Endowment Fund 8,653.91 3,150 1,033 2,135 6,318 (1) 6,317 8,547 Members Endowment Fund 4,587.87 2,375 499 690 3,564 (4) 3,560 4,531 107,684.21 $25,133 $14,442 $37,740 $77,315 $ 316 $77,631 $106,358 ' 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 62.75 27,982.93 1,236.73 11,852.48 576.21 933.67 321.89 224.86 11,696.94 548.36 529.04 632 5,000 500 489 283 198 5,000 480 259 217 $ 179 1,460 55 66 17 11 1,371 30 68 26 13 $12,867 $ 3,308 $ 1,028 2,250 8,710 8 563 137 692 300 209 2,343 8,714 510 406 79 10 $ 5,006 $21,181 49 $ 15 (201) (1 1) (7) 9 1 (203) 1 (15) (2) $(413) $ 1,043 8,509 552 $ 1,222 11,707 569 685 922 309 318 210 222 8,511 11,553 511 542 391 523 47 62 $20,768 $ 27,640 c. Transportation Research Board TRB Reserve Fund 1,700.41 $ 1,500 $ 146 $ 23 $ 1,669 $ 7 $ 1,676 $ 1,679 1,700.41 $ 1,500 $ 146 $ 23 $ 1,669 $ 7 $ 1,676 $ 1,679 2. Restricted for Specific Purpose a. Program NAS - Outside Sources Arts in the Academy Fund 10.68 $ 4 $ 4 $ 1 $ c Basic Science Fund - Earth Sciences 1,063.41 500 204 160 864 Biology and Biotechnology Fund 874.38 420 87 119 626 Blakeslee Fund 2,331.14 887 239 613 1,739 Thomas Lincoln Casey Fund 6,167.90 258 1,831 2,319 4,408 Coca-Cola Foundation Endowment Fund 106.52 50 13 16 79 18 1 10 636 (2) 1,737 4 4,412 1 865 1,050 864 2,302 6,092 80 105
SCHEDULE 1-A Endowment and Trust Investment Funds - Financial Detail of Funds from Inception to December 31, 1999 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Number of Cumulative Fund Market Participating Reinvestment Cumulative Total Cash and Equity Values Capital Capital of Earned Realized Pooled Accrued Dec. 31, Dec. 31, Units Contribution Income Gains Investments Income 1999 1999 Arthur L. Day Fund 14,707.21 $ 2,663 $ 3,488 $ 4,224 $10,375 $ (12) $10,363 $14,526 Cecil and Ida Green Fund 1,393.69 467 159 412 1,038 3 1,041 1,376 Global Commons Project Fund 100.12 39 26 13 78 3 81 99 Houston Advanced Research Center 9 9 2 11 W. K. Kellogg Foundation Fund 39,906.66 20,000 3,765 6,016 29,781 (41) 29,740 39,415 Kobelt Fund 1,893.74 297 394 679 1,370 1,370 1,870 Andrew W. Mellon Foundation Fund 2,195.58 1,000 275 339 1,614 1 1,615 2,169 Postemployment Benefits 1,676.30 1,025 317 181 1,523 46 1,569 1,656 Frank Press Fund for Dissemination and Outreach 2,043.93 1,149 230 280 1,659 51 1,710 2,019 Scientists and Engineers for the Future Fund 2,440.73 1,000 271 338 1,609 (16) 1,593 2,411 State Street Fund 244 244 244 639 76,911.99 $30,003 $11,312 $15,710 $57,025 $ 51 $57,076 $76,604 NAS - Members Endowment(s) Anthropology Fund 0.53 $ $ $ $ $ $ $ 1 Board on Chemical Sciences Fund 100.48 31 34 14 79 79 99 Board on Earth Sciences Fund 6.25 2 2 1 5 5 6 Board on Mathematical Sciences Fund 3.56 2 1 3 3 3 Board on Physical Sciences Fund 0.21 Board on Physics and Astronomy Fund 0.88 1 1 Committee on Human Rights Fund 203.09 106 46 23 175 3 178 201 Committee on International Security and Arms Control Fund 69.31 24 22 10 56 (1) 55 69 Committee on Life Sciences Fund 25.23 10 7 3 20 20 25 Embryology Fund 2.57 1 1 2 2 3 Environmental Studies Fund 0.44 1 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 10 5 26 (1) 25 32 The Family and Community Well-Being Fund 2.82 1 1 2 2 3 Abel Wolman Lecture Fund 0.22 451.43 $ 190 $ 125 $ 56 $ 371 $ 2 $ 373 $ 446 iii. IOM Distinguished Scholar Fund 38.18 $ 12 $ 14 $ 6 $ 32 $ (1) $ 31 $ 38 Food and Nutrition Board 1,516.43 525 442 211 1,178 3 1,181 1,498 Food and Nutrition Board Corporations Fund 405.65 125 140 54 319 319 401 Food and Nutrition Board Members Fund 13.23 3 6 1 10 2 12 13 Howard Hughes Medical Institute Fund 11,898.10 5,000 2,395 1,957 9,352 (563) 8,789 11,752 19
SCHEDULE 1-A Endowment and Trust Investment Funds - Financial Detail of Funds from Inception to December 31, 1999 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 1999 1999 Women's HealthIssues Fund 47.56 $ 20 $ 14 $ 7 $ 41 $ (1) $ 40 $ 47 13,919.15 $5,685 $3,011 $2,236 $10,932 $(560) $10,372 $13,749 b. Prizes and Awards . NAS American Psychological Association Science Directorate Fund 48.26 $ 30 $ 8 $ 5 $ 43 $ 4 $ 47 $ 48 Applied Mathematics and Numerical Analysis Fund 14 14 16 30 Henryk Arctowski Fund 2,450.54 96 1,072 693 1,861 (8) 1,853 2,420 B ache Fund 406.54 60 36 184 280 1 281 401 Blaauw Fund 828.45 72 198 313 583 (15) 568 818 John J. Carty Fund 673.30 25 274 215 514 2 516 665 Comstock Fund 572.44 10 238 163 411 (5) 406 565 Draper Fund 253.88 6 105 87 198 198 251 Elliot Fund 163.91 8 60 53 121 (3) 118 162 Estes Award in Social and Behavioral Sciences 237.03 80 71 39 190 (23) 167 234 Gibbs Brothers Fund 257.05 24 72 86 182 3 185 254 Gibbs Fund 142.09 5 47 59 111 (3) 108 140 Ralph E. Gomory Award for the Application of Science 392.42 179 59 61 299 (6) 293 388 Gould Fund 680.31 50 146 282 478 (5) 473 672 Joseph Henry Fund 462.06 40 41 230 311 30 341 456 Alexander Hollaender Award in Biophysics 270.53 100 70 40 210 210 267 Hunsaker Fund 309.52 25 123 94 242 (2) 240 306 Hunt Fund 144.82 10 72 33 115 115 143 Kovalenko Fund 966.16 44 389 296 729 (1) 728 954 Marsh Fund 204.12 10 27 98 135 1 136 202 George P. Merrill Fund 74.93 10 16 28 54 (3) 51 74 Monsanto Award in Molecular Biology 976.45 421 133 175 729 12 741 964 Murray Fund 191.75 6 90 45 141 (27) 114 189 NAS Award for Chemistry in Service to Society 344.98 182 31 48 261 (2) 259 341 NAS Award in Mathematics 62.84 54 4 58 58 62 NASAwardinNeurosciences 380.42 140 105 58 303 303 376 NAS Fund for Sciences and Technology in International Affairs 177.93 49 69 26 144 144 176 Pradel Fund 601.86 17 314 140 471 (1) 470 594 H. P. Robertson Lectureship Fund 215.31 20 73 70 163 10 173 213 Helen P. Smith Fund 489.46 67 168 141 376 (15) 361 483 Mrs. J. Lawrence Smith Fund 541.21 8 231 170 409 (13) 396 535 Thompson Fund 213.81 10 65 83 158 (4) 154 211 Troland Fund 3,318.93 506 1,288 1,129 2,923 (37) 2,886 3,278 USNC/IAU 111.51 100 3 103 1 104 110 Waksman Award (18) (18) 0 Walcott Fund 75.88 5 15 30 50 1 51 75 G. K. Warren Fund 149.01 15 52 49 116 (1) 115 147 Watson Fund 1,011.55 25 452 289 766 (6) 760 999 18,401.26 $2,509 $6,231 $5,512 $14,252 $(117) $14,135 $18,173 20
B. Funds Functioning as Endowment 1. NAS - Prizes and Awards SCHEDULE 1-A Endowment and Trust Investment Funds - Financial Detail of Funds from Inception to December 31, 1999 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Number of Cumulative Fund Market Participating Reinvestment Cumulative Total Cash and Equity Values Capital Capital of Earned Realized Pooled Accrued Dec. 31, Dec. 31, Units Contribution Income Gains Investments Income 1999 1999 ii. IOM Gustav O. Lienhard Award 2,963.98 $ 1,200 $ 669 $ 405 $ 2,274 $(126) $ 2,148 $ 2,928 Rhonda and Bernard G. Sarnat International Prize in Mental Health 1,312.41 1,009 173 86 1,268 (16) 1,252 1,296 4,276.39 $ 2,209 $ 842 $ 491 $ 3,542 $(142) $ 3,400 $ 4,224 c. The National Academies' Corporation 19,721.82 $11,677 $ 1,343 $ 2,807 $ 15,827 $ (48) $ 15,779 $ 19,479 19,721.82 $11,677 $ 1,343 $ 2,807 $ 15,827 $ (48) $ 15,779 $ 19,479 d. Woods Hole Peter C. Cornell Fund 251.93 $ 100 $ 34 $ 61 $ 195 $ (1) $ 194 $ 249 Erik Jonsson Woods Hole Fund 4,377.32 2,003 721 650 3,374 (11) 3,363 4,323 Penzance Foundation Fund 1,095.92 502 182 162 846 (1) 845 1,082 Woods Hole Endowment Fund 1,175.14 860 107 125 1,092 127 1,219 1,161 Woods Hole Fund 40.65 13 13 8 34 (2) 32 40 Richard King Mellon Foundation Fund 193.18 50 57 41 148 3 151 191 7,134.14 $ 3,528 $ 1,114 $ 1,047 $ 5,689 $ 115 $ 5,804 $ 7,046 e. Transportation Research Board Turner Award $ 35 $ 2 $ $ 37 $ (3) $ 34 $ $ 35 $ 2 $ $ 37 $ (3) $ 34 $ f. PNAS Billings Fund 590.02 $ 50 $ 225 $ 167 $ 442 $ (1) $ 441 $ 583 590.02 $ 50 $ 225 $ 167 $ 442 $ (1) $ 441 $ 583 Henry G. Booker Fellowship Fund 28.19 $ 16 $ 4 $ 3 $ 23 $ $ 23 $ 28 2. PNAS Proceedings of the National Academy of Sciences Fund 3,088.23 1,000 494 588 2,082 294 2,376 3,050 3. TNAC TNAC Capital Fund 2,210.34 1,427 236 255 1,918 (182) 1,736 2,183 5,326.76 $ 2,443 $ 734 $ 846 $ 4,023 $ 112 $ 4,135 $ 5,261 C. Restricted Contributions 1. NAS a. Program Basic Science Fund -Various $ $ 1 $ $ 1 $ $ 1 $ Slipher Fund 143 143 1 144 b. Prizes and Awards Chemical Science Award Merck 198.92 178 178 289 467 196 Levison Memorial Fund 2 2 2 Richard Lounsbery Foundation Award (96) (96) NAS Award for Initiatives in Research NAS Libraries Project NAS Award in Scientific Reviewing NAS Support Staff Award TOTAL (22) 4 (1 1) (22) 4 (1 1) 2 2 2 198.92 $ 178 $ 148 $ $ 326 $165 $ 491 $ 196 284,299.43 $98,007 $42,983 $71,641 $212,631 $(516) $212,115 $281,438 21
SCHEDULE 1-B Endowment and Trust Investment Funds - Financial Detail of Funds for the Year Ended December 31, 1999 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Fund Fund Equity Expenditures Equity Dec. 31, Income Capital and Dec. 31, 1998 Contributions Earned Gains Transfers 1999 A. Endowment 1. Unrestricted a. NAS Agassiz Fund $ 475 $ $ 33 $ $ (21) $ 487 Carnegie Fund 26,491 2,195 9 (1,597) 27,098 Commonwealth Fund 1,669 126 1 (92) 1,704 Carl Eckart Fund 1,491 32 105 (76) 1,552 Ford Foundation Fund 16,691 1,272 5 (925) 17,043 Henrietta and Alexander Hollaender Fund 723 55 (40) 738 Grayce B. Kerr Fund 347 26 (19) 354 National Academy of Sciences Reserve Fund 73 6 (2) 77 Nealley Fund 177 12 (9) 180 Simon Ramo Fund 32 12 2 (1) 45 Rockefeller Foundation Fund 3,410 261 1 (154) 3,518 Dorothea and Herbert Simon Fund 389 29 (16) 402 Sloan Foundation Fund 3,410 261 1 (152) 3,520 Amy Prudden Turner Fund 101 7 (5) 103 Anonymous Endowment Fund 10,707 814 3 (591) 10,933 General Endowment Fund 6,184 478 2 (347) 6,317 Members Endowment Fund 3,489 1 253 1 (184) 3,560 $75,859 $ 45 $5,935 $ 23 $(4,231) $77,631 b. IOM General Endowment Fund $ 944 $ 93 $ 69 $ $ (63) $ 1,043 Robert Wood Johnson Foundation Fund 8,526 676 3 (696) 8,509 IOM Reserve Fund 529 23 552 Henry J. Kaiser Family Foundation Fund 686 54 (55) 685 IOM Kellogg Fund 56 25 228 309 IOM Members Dues 35 12 163 210 John D. and Catherine T. MacArthur Foundation Fund 8,533 666 3 (691) 8,511 Pharmaceutical Discretionary Fund 112 29 370 511 Pharmaceutical Endowment Fund 392 30 (31) 391 Miscellaneous - Private-Sector Fund 47 4 (4) 47 $19,860 $ 93 $1,588 $ 6 $ (779) $20,768 c. Transportation Research Board TRB Reserve Fund 2. Restricted for Specific Purpose a. Program $ 1,583 $ $ 93 $ $ $ 1,676 $ 1,583 $ $ 93 $ $ $ 1,676 c7 i. NAS - Outside Sources Arts in the academy Fund $ 8 $ $ 1 $ $ $ 9 Basic Science Fund - Earth Sciences 807 58 865 Biology and Biotechnology Fund 605 48 (17) 636 Blakeslee Fund 1,713 130 1 (107) 1,737 Thomas Lincoln Casey Fund 4,194 337 1 (120) 4,412 Current market values are reported in Schedule 1-A. 22
SCHEDULE 1-B Endowment and Trust Investment Funds - Financial Detail of Funds for the Year Ended December 37, 1999 ($ in thousands) ENDOVVMENT AND TRUST INVESTMENT POOL Fund Fund Equity Expenditures Equity Dec. 31, Income Capital and Dec. 31, 1998 ContFibudons Earned Gains Transfers 1999 Coca-Cola Foundation Endowment Fund Arthur L. Day Fund Cecil and Ida Green Fund Global Commons Project Fund Houston Advanced Research Center W. K. Kellogg Foundation Fund Kobelt Fund Andrew W. Mellon Foundation Fund Postemployment Benefits Frank Press Fund for Dissemination and Outreach Scientists and Engineers for the Future Fund State Street Fund ii. NAS - Members Endowment(s) Anthropology Fund $ 76 9,869 992 76 10 28,330 1,304 1,537 1,479 1,637 1,507 244 $ 6 804 76 s 1 2,181 103 120 90 112 133 $ $ (2) 3 (313) (27) (778) (37) 1 (43) (39) 1 (48) $ 80 10,363 1,041 81 11 29,740 1,370 1,615 1,569 1,710 1,593 244 $54,388 $ $4,205 $ 14 $(1,531) $57,076 $ - $ 73 Board on Chemical Sciences Fund Board on Earth Sciences Fund Board on Mathematical Sciences Fund 3 Board on Physical Sciences Fund 1 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 iii. IOM Distinguished Scholar Fund Food and Nutrition Board Food and Nutrition Board Corporations Fund Food and Nutrition Board Members Fund Howard Hughes Medical Institute Fund Women's Health Issues Fund Current market values are reported in Schedule 1-A. $ $ 6 162 51 18 2 2 23 2 2 $ $ 79 5 3 1 178 55 20 1 2 25 2 $ 343 $ 5 $ 25 ~ did up $ 373 $ 29 1,098 $ $ 2 83 297 22 10 1 1 9,056 653 37 3 $ $ $ (923) 31 1,181 319 12 8,789 40 $10,527 $ 1 $ 764 $ 3 $ (923) $10,372 23
SCHEDULE 1-B Endowment and Trust Investment Funds - Financial Detail of Funds for the Year Ended December 31, 1999 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Fund Equity Dec. 31, 1998 Income Capital Contributions Earned Gains Expenditures and Transfers Fund Equity Dec. 31, 1999 b. Prizes and Awards i. NAS American Psychological Association Science Directorate Fund Applied Mathematics and Numerical Analysis Fund Henryk Arctowski Fund B ache Fund Blaauw Fund John J. Carty Fund Comstock Fund Draper Fund Elliot Fund Estes Award in Social and Behavioral Sciences Gibbs Brothers Fund Gibbs Fund Ralph E. Gomory Award for the Application of Science Gould Fund Joseph Henry Fund Alexander Hollaender Award in Biophysics Hunsaker Fund Hunt Fund Kovalenko Fund Marsh Fund George P. Merrill Fund Monsanto Award in Molecular Biology Murray Fund NAS Award for Chemistry in Service to Society NAS Award in Mathematics NAS Award in Neurosciences NAS Fund for Sciences and Technology In International Affairs Pradel Fund H. P. Robertson Lectureship Fund Helen P. Smith Fund Mrs. J. Lawrence Smith Fund Thompson Fund Troland Fund UNSC/IAU Waksman Award Walcott Fund G. K. Warren Fund Watson Fund . Current market values are reported in Schedule 1-A. 24 44 29 ,746 279 564 479 403 84 09 78 81 07 302 470 15 195 224 107 675 35 51 716 104 268 55 282 134 437 161 349 375 157 2,808 (5) 47 107 705 $ $ 3 34 23 46 37 31 4 9 3 4 8 22 38 26 5 7 8 53 11 4 54 0 9 3 21 10 33 12 27 30 2 82 $ $ $ 47 1 1 (28) (21) (42) (28) (24) (10) (7) (31) (35) (1) (10) (4) (29) (28) (15) (9) (15) 05) 00 (13) 30 ,853 281 568 516 406 98 8 67 85 108 293 473 341 210 240 115 728 36 5 741 114 259 58 303 144 470 173 361 396 154 2,886 104 (18) 51 115 760 $13,477 $ $1,011 $ 2 $(355) $14,135
SCHEDULE 1-B Endowment and Trust Investment Funds - Financial Detail of Funds for the Year Ended December 31, 1999 ii. IOM Gustav O. Lienhard Award Rhonda and Bernard G. Sarnat International Prize in Mental Health 1,214 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Fund Fund Equity Expenditures Equity Dec. 31, Income Capital and Dec. 31, 1998 Contributions Earned Gains Transfers 1999 $ 2,061 $ $ 162 $ 1 $ (76) 72 (34) $ 2,148 1,252 $ 3,275 $ $ 234 $ 1 $ (110) $ 3,400 c. The National Academies' Corporation $ 15,486 $ $ 1,084 $ 4 $ (795) $ 15,779 $ 15,486 $ $ 1,084 $ 4 $ (795) $ 15,779 d. Woods Hole Peter C. Cornell Fund $ 191 $ $ 14 $ $ (11) $ 194 Erik Jonsson Woods Hole Fund 3,305 242 1 (185) 3,363 Penzance Foundation Fund 831 60 (46) 845 Woods Hole Endowment Fund 1,040 164 64 (49) 1,219 Woods Hole Fund 32 2 (2) 32 Richard King Mellon Foundation Fund 148 11 (8) 151 $ 5,547 $164 $ 393 $ 1 $ (301) $ 5,804 e. Transportation Research Board $ 30 Turner Award 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 a. Program Basic Science Fund - Various Slipher Fund b. Prizes and Awards Chemical Science Award Merck Levison Memorial Fund Richard Lounsbery Foundation Award NAS Award for Initiatives in Research NAS Libraries Project NAS Award in Scientific Reviewing NAS Support Staff Award TOTAL Current market values are reported in Schedule 1-A. $ 30 $ 5 $ 2 $ $ (3) $ 34 $ 5 $ 2 $ $ (3) $ 34 $ 409 $ $ 32 $ $ $ 441 $ 409 $ $ 32 $ $ $ 441 $ 21 $ $ 2 2,206 169 1,634 118 $ 3,861 $ $ 289 1 2,376 $ 1 (16) $ 1,736 $ (16) $ 4,135 25 6 144 (10) 500 10 (33) 467 2 2 (58) 50 (88) (96) (19) 19 (22) (22) 4 4 (10) 10 (11) (11) 2 2 $ 21 $608 $ 16 $ $ (154) $ 491 $204,666 $921 $15,671 $ 55 $(9,198) $212,115 25
SCHEDULE 2 Endowment and Trust Investment; Pool December 3], 1999 - ($ in thousands) Balance Balance Quoted Investment Dec. 31, Dec. 31, Market Income 1998 Additions Net 1999 Dew 31, Year Ended (at cost) (at cost) Reductions* Gain/(Loss) (at cost)** 1999 Dec. 31, 1999 F=ED-WCOME SECUR~ES (Schedule 2-A) Cash Equivalents $ 7,477 $ 4,688 $ 8,950 $ $ 3,215 $ 3,215 $ 188 Bonds and Notes 72,390 7,121 3,094 33 76,450 71,910 5,185 Real Estate - Mortgages 11,790 949 10,841 10,841 1,037 TotalFixed-Income Securities $ 91,657 $11,809 $12,993 $ 33 $ 90,506 $ 85,966 $ 6,410 EQIJlTY SECURITIES (Schedule 2-B) 112,568 9,263 121,831 195,472 10,375 TOTAL POOLED INVESTMENTS $204,225 $21,072 $12,993 $ 33 $212,337 $281,438 $16,785 Less: Investment Advisory Fees Net Investment Income *Reductions from sales, redemptions, or payoff of mortgage. **Balance excludes short-term investments that are reported on Schedules 1-A and 1-B. 26 (77) $16,708
SCHEDULE 2-A Endowment and Trust Investment Pool - F~ced-Income Securities December 31, 1999 ($ in thousands) Interest Principal Quoted Rate Maturity Amount Cost Market CASH EQUIVALENTS AdmiralMoney Market Fund Variable(l) Demand $ 2,000 $ 2,000 $ 2,000 Fidelity Money Market Trust Variable (2) Demand 1,215 1,215 1,215 TOTAL CASH EQUIVALENTS $ 3,215 $ 3,215 $ 3,215 BONDS AND NOTES BZW Barclay's U.S.Debt~dex Fund B Variable(3) Demand $38,827 $38,827 $37,447 MAS Fixed Income II Institutional Variable (4) Demand 12,408 12,408 11,392 MAS High Yield Institutional Fund Variable (5) Demand 6,618 6,618 6,155 T. Rowe Price International Bond Fund Variable (6) Demand 2,834 2,834 2,652 Scudder International Bond Fund Variable (7) Demand 3,101 3,101 2,574 State Street Bank Demand 244 244 795 U.S. Treasury Securities 05/15/23 5,998 5,998 4,882 Vanguard High-Yield Corporate Variable (8) Demand 6,420 6,420 6,013 TOTALBONDS AND NOTES $76,450 $76,450 $71,910 REAL ESTATE - MORTGAGES Bank of New York 9.125% $ 8,901 $ 8,901 $ 8,901* Bank of New York 9.125% 1,940 1,940 1,940* TOTAL REALESTATE - MORTGAGES $10,841 $10,841 $10,841* Current yield at December 31, 1999: (1) 5.15% (5) 10.10% (2) 5.74% (6) 3.95% (3) 7.18% (7) 3.58% (4) 6.90% (8) 9.22% *Recorded at cost. 27
SCHEDULE 2-B Endowment and Trust Investment Pool - Equity Securities, December 31, 1999 ($ in thousands) Number Quoted of Shares Cost Market Jones and BabsonEnteIpnse Fund 772,599 $ 11,475 $ 9,356 BEA Emerging Market Fund 126,637 2,135 2,552 Berkshire Hathaway, Inc. 258 1,128 14,474 Berkshire Hathaway, Inc. (Class B) 9 14 16 CapitalIntemationalEmerging Market Fund 66,310 1,344 2,713 Chiron Corporation 9,756 205 413 ScudderIntemationalFund 143,618 6.078 10,160 Templeton Emerging Market Fund 183,626 2,007 2,369 Templeton Foreign Equity Senes 783,983 9,421 16,879 Vanguard Index Extended Institutional Shares 506,704 15,815 18,794 VanguardInstitutionalIndex Fund 433,634 18,312 58,111 Vanguard International European Portfolio 364,025 6,637 10,495 Vanguard International Pacific Portfolio 223,246 2,508 2,728 Vanguard International Growth Portfolio 298,369 3,616 6,710 VanguardInte~nationalValue 165,570 4,592 4,822 Vanguard Small Capitalization Institutional Portfolio 647,681 15,317 15,292 Vanguard Windsor Fund 1,037,887 16,968 15,745 Subtotal $117,572 $191,629 Private Placements Belmont II Limited Partners 2 Capital Z (IP, II) 1,241 1,241 Goldman Sachs 69 69 Insurance Partners, I 1,318 1,318 New Enterprise Associates 599 181 TheInvestment Fund Foundation 1,032 1,032 Subtotal $ 4,259 $ 3,843 TOTAL EQUITY SECURITIES $121,831 $195,472 SCHEDULE 3 Short-Term Investments December 31, 1999 ($ in thousands) Interest Type and Description Rate Cost NASA FederalCredit Union 5.32% $ 102 Vanguard Admiral Funds - Short-Term U.S. Treasury Portfolio Vanable (1) 16,895 Vanguard Fixed-Income Securities - Short-Term Corporate Portfolio Variable (2) 17,006 TOTAL SHORT-TERM INVESTMENTS Current yield on December 31, 1999 (1) 6.25% (2) 6.94% 28 $34,003
