National Academies Press: OpenBook

Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011 (2012)

Chapter: SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011

« Previous: SCHEDULE 1 Endowment, Trust, and Other Longterm Investments Pool Description of Funds for the Year Ended December 31, 2011
Suggested Citation:"SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
×

SCHEDULE 1-A

Endowment, Trust, and Other Long-term Investments Pool
Financial Detail of Funds for the Year Ended December 31, 2011

(Dollars in thousands)
Capital Contributions as of Dec. 31, 2011 Market Value at Dec. 31, 2010 2011 Contributions 2011 Investment Gain/(Loss) 2011 Expenditures & Transfers Market Value at Dec. 31, 2011
I. Funds that Support the NAS

A. General Fund

Agassiz Fund

$ 50 $ 529 $ - $ (31) $ (21) $ 477

Carnegie Fund

  3,275   36,593   -   (2,149)   (1,449)   32,995

Commonwealth Fund

  500   2,376   -   (140)   (94)   2,142

Carl Eckart Fund *

  1,246   2,418   -   (142)   (96)   2,180

Ford Foundation Fund

  5,000   23,356   -   (1,372)   (924)   21,060

Henrietta and Alexander Hollaender Fund *

  500   1,043   -   (61)   (41)   941

Grayce B. Kerr Fund

  250   519   -   (30)   (21)   468

Nealley Fund

  19   209   -   (12)   (8)   189

Simon Ramo Fund

  14   36   -   (3)   (1)   32

Rockefeller Foundation Fund *

  1,000   4,736   -   (278)   (187)   4,271

Dorothea and Herbert Simon Fund

  899   1,084   254   (68)   (43)   1,227

Sloan Foundation Fund *

  1,000   4,721   -   (277)   (187)   4,257

Amy Prudden Turner Fund *

  30   120   -   (7)   (5)   108

Anonymous Endowment Fund

  7,147   15,175   -   (891)   (601)   13,683

General Endowment Fund *

  3,899   9,151   147   (541)   (341)   8,416

General Endowment Fund

  454   535   -   (32)   (18)   485

Members Endowment Fund

  2,795   5,201   21   (307)   (202)   4,713

 

$ 28,078 $ 107,802 $ 422 $ (6,341) $ (4,239) $ 97,644

B. Woods Hole

Peter C. Cornell Trust Fund *

$ 100 $ 251 $ - $ (15) $ (10) $ 226

J. Erik Jonsson Woods Hole Fund

  2,003   4,334   -   (254)   (174)   3,906

Richard King Mellon Foundation Fund

  50   183   -   (11)   (7)   165

Penzance Foundation Fund

  502   1,090   -   (64)   (44)   982

Woods Hole Endowment Fund

  971   1,253   -   (74)   (50)   1,129

Woods Hole Fund

  13   39   -   (2)   (2)   35

 

$ 3,639 $ 7,150 $ - $ (420) $ (287) $ 6,443

C. Presidents’ Committee Funds

Basic Science Fund - Earth Sciences

$ 503 $ 1,462 $ - $ (86) $ (2) $ 1,374

Biology and Biotechnology Fund

  420   914   -   (54)   186   1,046

Thomas Lincoln Casey Fund

  258   6,185   -   (347)   (462)   5,376

Coca-Cola Foundation Fund

  50   156   -   (9)   8   155

Arthur L. Day Fund

  5,048   17,815   -   (1,032)   44   16,827

Cecil and Ida Green Fund

  467   1,513   -   (86)   25   1,452

W. K. Kellogg Foundation Fund

  20,000   42,864   -   (2,445)   (1,608)   38,811

Kobelt Fund *

  297   2,071   -   (120)   (57)   1,894

Andrew W. Mellon Foundation Fund

  1,000   1,562   -   (86)   (113)   1,363

George and Cynthia Mitchell Endowment for Sustainability Sciences

  20,000   22,534   2,000   (1,302)   (681)   22,551

George and Cynthia Mitchell Matching Endowment *

  115   70   75   (7)   201   339

Frank Press Fund for Dissemination and Outreach

  1,167   2,184   -   (128)   (51)   2,005

Scientists and Engineers for the Future Fund

  1,000   1,675   -   (95)   (42)   1,538

 

$ 50,325 $ 101,005 $ 2,075 $ (5,797) $ (2,552) $ 94,731

* Denotes funds for which the contribution was not permanently restricted by the donor

Suggested Citation:"SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
×

Endowment, Trust, and Other Long-term Investments Pool
Financial Detail of Funds for the Year Ended December 31, 2011

(Dollars in thousands)
Capital Contributions as of Dec. 31, 2011 Market Value at Dec. 31, 2010 2011 Contributions 2011 Investment Gain/(Loss) 2011 Expenditures & Transfers Market Value at Dec. 31, 2011

D. Program Specific Funds

Arnold and Mabel Beckman Fund of the NAS and NAE *

$ 11,979 $ 4,387 $ 5 $ (181) $ (1,075) $ 3,136

Billings Fund

  50   972   -   (59)   (1)   912

Blakeslee Fund

  887   2,413   -   (133)   (127)   2,153

Henry G. Booker Fellowship Fund

  21   62   -   (3)   (2)   57

Communications Initiative Fund *

  -   3,376   -   (198)   (136)   3,042

Cultural Programs of the NAS Fund

  28   45   -   (3)   -   42

Henry and Bryna David Endowment

  850   1,465   -   (86)   (26)   1,353

Global Commons Project Fund

  39   177   -   (11)   -   166

Marian Koshland Science Museum Fund *

  22,786   21,125   -   (1,126)   (1,929)   18,070

Bruce Alberts Fund for the Marian Koshland Science Museum *

  5,195   6,809   -   (400)   (111)   6,298

National Science Resources Center Fund *

  4,986   6,133   -   (368)   (8)   5,757

New Canaan Library Fund

  4   12   -   (1)   -   11

Kumar and Shela Patel Endowment for US-India Dialogs

  603   850   1   (50)   (23)   778

Arthur M. Sackler Colloquia Fund

  4,375   6,224   -   (352)   (275)   5,597

Raymond & Beverly Sackler USA-UK Scientific Forum Endowment

  2,025   2,103   -   (126)   (3)   1,974

Raymond & Beverly Sackler Fund

  2,000   -   2,000   39   100   2,139

USNC/IAU *

  100   182   -   (11)   -   171

NAS Members Endowment(s)

  59   304   -   (18)   (1)   285

Christine Mirzayan Fellowship Endowment

  6   7   -   (1)   -   6

Seymour Benzer Lecture Series

  128   134   -   (8)   -   126

 

$ 56,121 $ 56,780 $ 2,006 $ (3,096) $ (3,617) $ 52,073

E. Prizes and Awards

American Psychological Association Science Directorate Fund

$ 30 $ 72 $ - $ (4)     $ 68

Henryk Arctowski Fund

  96   3,519   -   (200)   (102)   3,217

Bache Fund

  60   374   -   (22)   (1)   351

Blaauw Fund

  71   814   -   (49)   (2)   763

John J. Carty Fund

  25   726   -   (43)   (6)   677

Comstock Fund

  11   843   -   (50)   (7)   786

Draper Fund

  6   341   -   (20)   (6)   315

Elliot Fund

  8   184   -   (11)   (5)   168

Estes Award in Social and Behavioral Sciences

  80   249   -   (15)   (5)   229

Gibbs Brothers Fund

  24   242   -   (14)   (7)   221

Gibbs Fund

  5   152   -   (9)   -   143

Ralph E. Gomory Award for the Application of Science

  179   544   -   (28)   (40)   476

Gould Fund

  50   672   -   (40)   (1)   631

Joseph Henry Fund

  40   437   -   (26)   (1)   410

Alexander Hollaender Award in Biophysics

  100   317   -   (19)   (5)   293

Hunsaker Fund

  25   440   -   (26)   (5)   409

Franklin Livingston Hunt Fund

  11   254   -   (15)   -   239

* Denotes funds for which the contribution was not permanently restricted by the donor

Suggested Citation:"SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
×

Endowment, Trust, and Other Long-term Investments Pool
Financial Detail of Funds for the Year Ended December 31, 2011

(Dollars in thousands)
Capital Contributions as of Dec. 31, 2011 Market Value at Dec. 31, 2010 2011 Contributions 2011 Investment Gain/(Loss) 2011 Expenditures & Transfers Market Value at Dec. 31, 2011

Kovalenko Fund

  64   1,479   -   (88)   (7)   1,384

Marsh Fund

  10   191   -   (11)   -   180

George P. Merrill Fund

  10   627   -   (38)   (1)   588

Stanley Miller Award *

  205   213   -   (13)   -   200

Monsanto Award in Molecular Biology

  421   1,108   -   (62)   (45)   1,001

Murray Fund

  6   165   -   (10)   (5)   150

NAS Award for Chemistry in Service to Society

  182   383   -   (19)   (41)   323

NAS Award in Mathematics

  54   61   -   (4)   -   57

NAS Award in Chemical Sciences

  509   520   31   (29)   (23)   499

NAS Award in Neuroscience

  140   500   -   (30)   (5)   465

NAS Fund for Sciences and Technology in International Affairs

  49   274   -   (16)   (1)   257

Pradel Fund

  16   1,832   -   (109)   (8)   1,715

H. P. Robertson Lectureship Fund

  20   316   -   (19)   -   297

Helen P. Smith Fund

  67   661   -   (39)   (6)   616

Mrs. J. Lawrence Smith Fund

  8   721   -   (43)   (6)   672

Thompson Fund

  10   237   -   (14)   (5)   218

Troland Fund

  505   4,491   -   (255)   (134)   4,102

Walcott Fund

  5   82   -   (5)   (5)   72

G. K. Warren Fund

  15   190   -   (11)   (6)   173

Watson Fund

  25   1,440   -   (86)   (7)   1,347

 

$ 3,142 $ 25,671 $ 31 $ (1,492) $ (498) $ 23,712

F. Reserve Funds

National Academy of Sciences Reserve Fund *

$ 6,739 $ 5,623 $ 83 $ (295) $ (525) $ 4,886

Proceedings of the National Academy of Sciences Fund *

1,000   1,193   -   (72)   (1)   1,120

Transportation Research Board Reserve Fund *

  1,500   2,425   -   (145)   (3)   2,277

Due to (from) National Academy of Sciences *

      -   -   -   (2,056)   (2,056)

 

$ 9,239 $ 9,241 $ 83 $ (512) $ (2,585) $ 6,227
Subtotal — Funds that Support the NAS $ 150,544 $ 307,649 $ 4,617 $ (17,658) $ (13,778) $ 280,830
II. Funds that Support the IOM

A. General Funds

General Endowment Fund

$ 1,138 $ 1,903   18 $ (111) $ (81) $ 1,729

Robert Wood Johnson Foundation Fund

  5,000   11,174   -   (643)   (478)   10,053

IOM Kellogg Fund *

  283   554   -   (33)   -   521

IOM Members Dues *

  198   388   -   (23)   (1)   364

Henry J. Kaiser Family Foundation Fund

  488   872   -   (50)   (38)   784

John D. and Catherine T. MacArthur Foundation Fund

  5,000   11,087   -   (626)   (477)   9,984

Pharmaceutical Discretionary Fund *

  480   991   -   (59)   (1)   931

Pharmaceutical Endowment Fund

  259   530   -   (31)   (23)   476

Miscellaneous Private Sector Fund

  26   62   -   (4)   (2)   56

 

$ 12,872 $ 27,561 $ 18 $ (1,580) $ (1,101) $ 24,898

* Denotes funds for which the contribution was not permanently restricted by the donor

Suggested Citation:"SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
×

Endowment, Trust, and Other Long-term Investments Pool
Financial Detail of Funds for the Year Ended December 31, 2011

(Dollars in thousands)
Capital Contributions as of Dec. 31, 2011 Market Value at Dec. 31, 2010 2011 Contributions 2011 Investment Gain/(Loss) 2011 Expenditures & Transfers Market Value at Dec. 31, 2011

B. Program Specific Funds

Distinguished Scholar Fund

$ 17 $ 75 $ - $ (5) $ - $ 70

Food & Nutrition Board (FNB) Fund

  525   1,629   -   (98)   (2)   1,529

FNB Corporations Fund

  125   471   -   (28)   -   443

FNB Members Fund

  5   27   -   (2)   -   25

Norman Gant & ABOG Fellowship

  650   853   -   (50)   (13)   790

Hamburg Endowment Fund

  1,012   1,368   1   (82)   (2)   1,285

Howard Hughes Medical Institute Fund

  5,000   15,451   -   (907)   (235)   14,309

Kellogg Health of the Public Fund

  5,000   6,296   211   (395)   (16)   6,096

Kellogg Health of the Public Fund Matching Contributions

  2,573   3,226   2   (205)   (4)   3,019

Richard and Hinda Rosenthal Lecture Series

  1,000   1,539   -   (88)   (57)   1,394

Leonard D. Schaeffer Endowment

  1,000   -   1,000   (107)   -   893

Women's Health Issues Fund

  20   86   -   (5)   -   81

James C. Puffer /ABFM

  902   876   76   (60)   -   892

 

$ 17,829 $ 31,897 $ 1,290 $ (2,032) $ (329) $ 30,826

C. Prizes and Awards

Gustav O. Lienhard Award

$ 1,200 $ 4,425 $ - $ (261) $ (74) $ 4,090

Rhonda and Bernard G. Sarnat International Prize in Mental Health

  1,009   1,519   -   (90)   (39)   1,390

Sandra H. Matthews Cecil Award *

  67   5   62   (6)   -   61

 

$ 2,276 $ 5,949 $ 62 $ (357) $ (113) $ 5,541

D. Reserve Funds

IOM Reserve Fund *

$ 500 $ 955 $ - $ (57) $ (2) $ 896
Subtotal — Funds that Support the IOM $ 33,477 $ 66,362 $ 1,370 $ (4,026) $ (1,545) $ 62,161
Subtotal — NAS and IOM Funds $ 184,021 $ 374,011 $ 5,987 $ (21,684) $ (15,323) $ 342,991
III. Funds Held on Behalf of Others

A. The National Academies’ Corporation

Operations Endowment

$ 8,000 $ 7,739 $ - $ (464) $ (10) $ 7,265

Program Endowment

  1,940   1,881   -   (116)   (3)   1,762

Building Maintenance Reserve *

  -   298   -   (11)   (129)   158

 

$ 9,940 $ 9,918 $ - $ (591) $ (142) $ 9,185
TOTAL $ 193,961 $ 383,929 $ 5,987 $ (22,275) $ (15,465) $ 352,176

* Denotes funds for which the contribution was not permanently restricted by the donor

Suggested Citation:"SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
×
Page 17
Suggested Citation:"SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
×
Page 18
Suggested Citation:"SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
×
Page 19
Suggested Citation:"SCHEDULE 1-A Endowment, Trust, and Other Long-term Investments Pool Financial Detail of Funds for the Year Ended December 31, 2011." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
×
Page 20
Next: SCHEDULE 2 Endowment, Trust, and Other Long-term Investments Pool Asset Allocation as of December 31, 2011 »
Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011 Get This Book
×
MyNAP members save 10% online.
Login or Register to save!
Download Free PDF

The income that supports the activities of the National Academy of Sciences (NAS) comes from two major sources: program revenue received from sponsors to pay for the myriad studies and other activities undertaken each year by the National Research Council (NRC), and a much smaller sum that is obtained from our endowment under the endowment spending policies adopted by the Council. The goal of the endowment is to provide stable support for the Academy's programs and activities. To achieve this goal, the Council, acting on the recommendations of the Finance Committee, has historically authorized spending from the portfolio at a rate designed to maintain the purchasing power of the endowment over time.

This Report of the Treasure of the National Academy of Sciences presents the financial position and results of operations as well as a review of the endowment, trust, and other long-term investments portfolio activities of our Academy for the year ended December 31, 2011. While this book provides essential financial summary to key personnel, it also serves as a vital informative resource for various members of the public, private, and governmental sectors.

  1. ×

    Welcome to OpenBook!

    You're looking at OpenBook, NAP.edu's online reading room since 1999. Based on feedback from you, our users, we've made some improvements that make it easier than ever to read thousands of publications on our website.

    Do you want to take a quick tour of the OpenBook's features?

    No Thanks Take a Tour »
  2. ×

    Show this book's table of contents, where you can jump to any chapter by name.

    « Back Next »
  3. ×

    ...or use these buttons to go back to the previous chapter or skip to the next one.

    « Back Next »
  4. ×

    Jump up to the previous page or down to the next one. Also, you can type in a page number and press Enter to go directly to that page in the book.

    « Back Next »
  5. ×

    Switch between the Original Pages, where you can read the report as it appeared in print, and Text Pages for the web version, where you can highlight and search the text.

    « Back Next »
  6. ×

    To search the entire text of this book, type in your search term here and press Enter.

    « Back Next »
  7. ×

    Share a link to this book page on your preferred social network or via email.

    « Back Next »
  8. ×

    View our suggested citation for this chapter.

    « Back Next »
  9. ×

    Ready to take your reading offline? Click here to buy this book in print or download it as a free PDF, if available.

    « Back Next »
Stay Connected!