National Academies Press: OpenBook
Suggested Citation:"Front Matter." National Academy of Sciences. 2021. Report of the Treasurer for the Year Ended December 31, 2020. Washington, DC: The National Academies Press. doi: 10.17226/26227.
×
Page R1
Suggested Citation:"Front Matter." National Academy of Sciences. 2021. Report of the Treasurer for the Year Ended December 31, 2020. Washington, DC: The National Academies Press. doi: 10.17226/26227.
×
Page R2
Suggested Citation:"Front Matter." National Academy of Sciences. 2021. Report of the Treasurer for the Year Ended December 31, 2020. Washington, DC: The National Academies Press. doi: 10.17226/26227.
×
Page R3
Suggested Citation:"Front Matter." National Academy of Sciences. 2021. Report of the Treasurer for the Year Ended December 31, 2020. Washington, DC: The National Academies Press. doi: 10.17226/26227.
×
Page R4
Suggested Citation:"Front Matter." National Academy of Sciences. 2021. Report of the Treasurer for the Year Ended December 31, 2020. Washington, DC: The National Academies Press. doi: 10.17226/26227.
×
Page R5

Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

R E P O RT O F THE TREASURER For the Year Ended D e c e m b e r 31 , 2 0 2 0 of the United States of America

REPORT OF THE TREASURER OF THE NATIONAL ACADEMY OF SCIENCES For the Year Ended December 31, 2020

Contents Page Treasurer’s Statement 1 I. Investments 9 Endowment and Other Long-term Investments Pool – Description of Funds for the Year Ended December 31, 2020 Schedule 1 10 Endowment and Other Long-term Investments Pool – Change in Valuation and Asset Allocation As of December 31, 2020 Schedule 2 21 II. Private Contributions 23 III. Financial Condition Report of the Audit Committee of the National Academy of Sciences 44 Independent Auditor’s Report 45 Statements of Financial Position 47 Statements of Activities 48 Statements of Cash Flows 49 Notes to the Financial Statements 50 iii

Next: Treasurer's Statement »
Report of the Treasurer for the Year Ended December 31, 2020 Get This Book
×
 Report of the Treasurer for the Year Ended December 31, 2020
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 government and other sponsors to pay for the large number of studies and other activities undertaken each year by the National Research Council (NRC), and a much smaller sum that we withdraw from our own endowment under the endowment spending policies adopted by the Council.

This last year presented many challenges for the institution, as the COVID-19 pandemic began to effect operations in March 2020. At that time, the NAS/NRC decided to move to remote work for all staff and virtual meetings for committee and other convening activities. The move to virtual activity has been more successful than envisioned, with each part of the institution being able to operate surprisingly efficiently and effectively in such an environment. During the period from March through December 2020, the institution held hundreds of virtual webinars, workshops, lectures, and symposia, some with attendance into the thousands. The NRC released approximately 200 consensus studies, proceedings, and other publications during this period.

This Report of the Treasurer of the National Academy of Sciences presents the financial position and results of operations as well as a review of the endowment and other long-term investments portfolio activities of our Academy for the year ended December 31, 2020.

READ FREE ONLINE

  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. ×

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

    « Back Next »
  6. ×

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

    « Back Next »
  7. ×

    View our suggested citation for this chapter.

    « Back Next »
  8. ×

    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!