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Report of the Treasurer to the Council for the Year Ended December 31, 2006 (2007) / Chapter Skim
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Treasurer's Statement
Pages 1-6

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From page 1...
... In 2006, the National Academy of Sciences received new The Elkan Blout Society, which honors donors who gifts and pledges totaling $14.58 million, an increase of have made cumulative gifts of $20,000 to $99,999 to more than 20 percent. The Academy's fundraising efforts the NAS, added seven new members, bringing the featured a series of notable contributions from individuals total membership to 58.
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From page 2...
... , and was developed to reflect the target asset allocation Overview of Current Investment Structure Percent within the NAS portfolio. of Target Portfolio FixedMarket values of the Endowment and Trust Investment U.S.
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From page 3...
... The Home Secretary oversees the nomination process that Expenses: selects award recipients and recommends to the Council Development Office $ 1,581 (subject to legal and financial review) changes in the Member Services: award cycle, amounts of the honoraria, and any other Annual Meeting 543 administrative changes.
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From page 4...
... and the Office of Contracts and Grants to the Keck 2006 2005 Building. The final step was to relocate the offices of the Revenue: Chief Financial Officer and the administrative offices of Subscriptions $ 6,889 $ 6,737 Information and Technology Services to the Terrell Place Author charges 4,716 4,357 Office Building one block from the Keck Building.
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From page 5...
... This Executive Office of the President 845 decrease is primarily attributable to the fact that in General Accounting Office 389 2005 NAS recorded approximately $8 million of the General Services Administration 47 George and Cynthia Mitchell Foundation's $10 National Aeronautics and Space Administration 8,841 million conditional matching pledge. During 2006, National Geospatial Intelligence Agency 67 National Science Foundation 16,757 new permanently restricted contributions included National Security Agency 73 many gifts related to the Kellogg Health of the Public Nuclear Regulatory Commission 352 Fund matching campaign.
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From page 6...
... As the 2007 program revenues are expected to (Dollars in millions) remain consistent with the prior year, the NAS Council 2006 2005 Total Revenues $ 335.5 $ 302.8 authorized a 2007 indirect expense budget of $67.9 Total Expenses 265.4 266.0 million in order to maintain the desired relationship $ 70.1 $ 36.8 Change in Net Assets between indirect and direct costs.
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Key Terms

  • nas portfolio
  • nas reserve
  • trust investment
  • office building
  • finance committee

  • nas council
  • award trust
  • overall financial
  • financial condition
  • nrc program

  • investment return
  • investment pool
  • investment structure
  • engineering fund
  • trust funds

  • award department
  • nrc programs
  • market composite
  • fund committee
  • development office

  • international security
  • academies corporation
  • market value
  • kellogg foundation
  • composite benchmark

  • indirect cost
  • portfolio returned
  • kellogg health
  • unrestricted endowment
  • hole endowment


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