Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital 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 — A bequest of Alexander Agassiz, a member of the Academy. | $ | 50,000 | |
| Carnegie Fund — The balance of the original contribution 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 was used to cover the cost of the 1924 Academy building and the acquisition of other property. | 3,275,000 | ||
| Commonwealth Fund — A grant of the Commonwealth Fund for the capital endowment of the Academy. | 500,000 | ||
| Carl Eckart Fund* — A bequest of Carl Eckart for the general purposes of the Academy. | 1,246,366 | ||
| Ford Foundation Fund — A grant of the Ford Foundation for the capital endowment of the Academy. | 5,000,000 | ||
| Henrietta and Alexander Hollaender Fund* — A bequest of 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 — A bequest of George True Nealley for the general purposes of the Academy. | 19,556 | ||
| Simon Ramo Fund — A contribution 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 contribution 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* — A 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 contribution for the general purposes of the Academy from a donor who wishes to remain anonymous. | 7,146,660 | ||
| General Endowment Fund* — A bequest of David Lloyd Fillman and others for the general purposes of the Academy. By action of the Council, the proceeds from the sale of 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. | 4,144,079 | ||
| Members Endowment Fund — Contributions from Academy members to be used for the general purposes of the Academy. | 3,326,184 | ||
| Subtotal — General Fund | $ | 28,400,259 | |
| 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 conference facilities in Washington, D.C. and Irvine, California for meetings of the NAS, NAE, NAM, and NRC. | |||
| Peter C. Cornell Trust Fund* — To memorialize Detlev W. Bronk, former 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. | $ | 100,000 | |
| J. Erik Jonsson Woods Hole Fund — A contribution for the Woods Hole Study Center of the NAS in honor of J. Erik Jonsson from a donor who wishes to remain anonymous. | 2,002,500 | ||
| Richard King Mellon Foundation Fund — A grant from the Richard King Mellon Foundation for maintenance of the building and grounds at the Woods Hole Study Center. | 50,000 | ||
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital Contribution (Column 1 of Schedule 1–A) |
||
| Penzance Foundation Fund — A grant for the J. Erik Jonsson Woods Hole Study Center for support of the property’s Clark Carriage House. | 502,500 | ||
| 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 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 NAM Presidents. | |||
| Basic Science Fund - Earth Sciences — Contribution from an anonymous donor to match a contribution from the Palisades Geophysical Institution of New York 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 — A 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 of the Coca-Cola Foundation 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 contribution 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 from which is 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* — A 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 — A contribution from the George and Cynthia Mitchell Foundation 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 George and Cynthia Mitchell Endowment for sustainability sciences and to raise funds to be eligible for a matching contribution from George and Cynthia Mitchell. | 114,750 | ||
| Frank Press Fund for Dissemination and Outreach — Contributions from members of the Presidents’ Circle of the NAS, NAE, and the IOM to support dissemination and outreach activities. | 1,167,255 | ||
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital 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 National Academies Corporation (TNAC) operations endowment as well as earnings from the TNAC program endowment. | $ | 13,495,811 | |
| 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 — A bequest of 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 — A 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 | ||
| Ralph J. and Carol M. Cicerone Endowment for NAS Missions — A contribution from NAS president Ralph Cicerone and his wife Carol to provide support for the Koshland Science Museum of the NAS, the Cultural Programs of the NAS, public lectures of the NAS, or other purposes on behalf of the NAS. | 100,000 | ||
| Cultural Programs of the National Academy of Sciences Fund — Contributions from various sources for sponsoring free cultural programs for local residents and for providing a platform for musicians and artists. | 62,384 | ||
| Henry and Bryna David Endowment — A bequest of Henry and Bryna David 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. | 850,000 | ||
| Food and Nutrition Board (FNB) Fund — A grant for core activities of the Food and Nutrition Board and a matching amount from the Kaiser Family Foundation for general core support of the Institute of Medicine. | 525,350 | ||
| 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 members to be used for general purposes of the Food and Nutrition Board. | 6,900 | ||
| Global Commons Project Fund | 39,058 | ||
| Frederic L. Hoch Fund — A bequest of Frederic L. Hoch 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. | 22,793,243 | ||
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital Contribution (Column 1 of Schedule 1–A) |
||
| Bruce Alberts Fund of the Marian Koshland Science Museum* — Contributions from Dr. Daniel E. Koshland, Jr. and the Koshland Foundation to support the traveling 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 Fund — A program designed to engage graduate students in various fields in the analysis and creation of science and technology policy. | 5,760 | ||
| NAS Members Endowment(s) — NAS members’ 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 | ||
| National Science Resources Center (NSRC) Fund* — Royalty revenues from elementary and middle school science kits developed by the NSRC 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 | ||
| New Canaan Library Fund — Contribution from the Board of the New Canaan Library to permanently maintain a current National Academies book collection at the library in honor of Dr. H.R. Shepherd. | 4,000 | ||
| Kumar and Shela Patel Endowment for US–India Dialogs — Contributions from Kumar and Shela Patel to support US-India scientific and technical communication and dialog. | 612,500 | ||
| Arthur M. Sackler Colloquia of the National Academy of Sciences Fund — A contribution 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 — A contribution from the Raymond and Beverly Sackler Foundation to endow a bilateral scientific forum 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 and Beverly Sackler Science Fund — A 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 | ||
| U.S. National Committee for the International Astronomical Union (USNC/IAU) Fund* — Contributions from USNC/IAU to support participation by U.S. astronomers in the activities of the International Astronomical Union Triennial General Assemblies. | 100,000 | ||
| Subtotal – Program Specific Funds | $ | 58,428,229 | |
| 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 contribution 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 — A 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 — A contribution of Richard C. Atkinson 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. | 3,151,478 | ||
| Bache Fund — A bequest of Alexander Dallas Bache to aid research in the physical and natural sciences. | 60,000 | ||
| Edward and Marianne Blaauw Fund — A bequest of Marianne Blaauw to support research in the field of ophthalmology. | 71,299 | ||
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital Contribution (Column 1 of Schedule 1–A) |
||
| John J. Carty Fund — A contribution of the American Telephone and Telegraph Company in recognition of John J. Carty for a gold medal and award for noteworthy and distinguished accomplishments in any field of science. | 25,000 | ||
| Comstock Fund — A contribution of Cyrus B. Comstock for a prize for notable investigations in electricity, magnetism, or radiant energy. | 10,400 | ||
| Draper Fund — A contribution 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 — A contribution of Margaret Henderson Elliot for the most meritorious work on zoology and paleontology published in each year. | 8,000 | ||
| Estes Award in Social and Behavioral Sciences — A contribution 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 — A contribution from William Francis Gibbs and Frederic H. Gibbs for outstanding contributions in the field of naval architecture and marine engineering. | 24,000 | ||
| Gibbs Fund — A contribution from Wolcott Gibbs and increased by a bequest of Morris Loeb 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 — A contribution and a bequest of Alice Bache Gould in memory of her father for the promotion of research in astronomy, increased by a bequest of Elizabeth Chandler Hockley. | 50,000 | ||
| Michael and Sheila Held Prize in Mathematical Programming — A bequest of Michael and Sheila Held for achievement in mathematical programming. | 3,975,000 | ||
| Joseph Henry Fund — Contributions by Fairman Rogers, Joseph Patterson, George W. Childs, and others in honor of Joseph Henry to assist meritorious investigators of original research. | 39,740 | ||
| Alexander Hollaender Award in Biophysics — A bequest of Alexander Hollaender for a prize to an outstanding biophysicist. | 100,000 | ||
| Hunsaker Fund — A contribution of Mr. and Mrs. J. C. Hunsaker to found an Academy award in the field of aeronautical engineering. | 24,750 | ||
| Franklin Livingston Hunt Fund — A bequest of Franklin Livingston Hunt to aid research in physics, chemistry, and preventive medicine. | 10,465 | ||
| Kovalenko Fund — A contribution of Michael S. Kovalenko, in memory of his wife, to found the Jessie Stevenson Kovalenko Gold Medal for meritorious research in medical sciences. | 102,985 | ||
| Marsh Fund — A bequest of Othniel Charles Marsh to promote original research in the natural sciences. | 10,000 | ||
| George P. Merrill Fund — A contribution of Mrs. George P. Merrill for studies of meteors, meteorites, and space. | 10,000 | ||
| Stanley Miller Award* — A bequest of Stanley L. Miller for work or contributions to early earth studies. | 204,554 | ||
| Monsanto Award in Molecular Biology — A grant from the Monsanto Company for contributions in the field of molecular biology. | 421,374 | ||
| Murray Fund — A contribution of Sir John Murray in honor of Alexander Agassiz for original contributions to the science of oceanography. | 6,000 | ||
| National Academy of Sciences Award in Chemical Sciences — A contribution of The Merck Company Foundation for distinction in research and broad fundamental impact in pure chemistry. | 478,277 | ||
| National Academy of Sciences Award for Chemistry in Service to Society — A contribution of the E. I. DuPont de Nemours & Company for contributions to chemistry, whether in fundamental science or its applications, that clearly satisfy a societal need. | 181,838 | ||
| National Academy of Sciences Award in Mathematics — A contribution of the American Mathematical Society for achievements in mathematics. | 53,597 | ||
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital Contribution (Column 1 of Schedule 1–A) |
||
| National Academy of Sciences Award in Neuroscience — A contribution of the Fidia Research Foundation for achievements in neuroscience. | 140,206 | ||
| National Academy of Sciences Fund for Sciences and Technology in International Affairs — Contributions from Cecil and Ida Green, J. Erik Jonsson, and Jerome B. Wiesner and others in honor of Walter A. Rosenblith. | 59,119 | ||
| 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 for the Robertson Memorial Lecture of the National Academy of Sciences. | 20,325 | ||
| Raymond and Beverly Sackler Convergence Research Prize Fund — A contribution from Dr. Raymond R. Sackler and Beverly Sackler to establish a Prize to recognize significant advances by a group or individual in convergence research in two or more among the disciplines of mathematics, physics, chemistry, biomedicine, biology, astronomy, earth sciences, engineering and computational science. | 10,000,000 | ||
| John P. Schaefer Fund — A contribution from the Research Corporation for Science Advancement to create the National Academy of Sciences Award for Scientific Discovery, in honor of John P. Schaefer for basic research. | 1,500,000 | ||
| Helen P. Smith Fund — A bequest of Helen P. Smith in memory of her husband, Gilbert Morgan Smith for published research in marine and freshwater algae. | 67,107 | ||
| Mrs. J. Lawrence Smith Fund — A contribution of Mrs. J. Lawrence Smith in memory of her husband for important investigations of meteoric bodies and to assist, by grants of money, research concerning such objects. | 8,000 | ||
| Thompson Fund — A contribution of Mary Clark Thompson for important services to geology and paleontology. | 10,000 | ||
| Troland Fund — A bequest of Leonard T. Troland for the advancement of scientific knowledge in the field of psychophysics. | 505,359 | ||
| Selman A. Waksman Award Fund — A contribution from the Waksman Foundation for Microbiology to establish an award to be given biennially to an individual responsible for significant advances in the field of microbiology. | 390,000 | ||
| Walcott Fund — A contribution of Mary Vaux Walcott in honor of her husband for Cambrian or pre-Cambrian life and its history. | 5,000 | ||
| G. K. Warren Fund — A contribution of Emily B. Warren in memory of her father for achievements in any field of science. | 15,000 | ||
| Watson Fund — A bequest of James Craig Watson for the promotion of astronomical sciences and grants in aid of research. | 25,000 | ||
| Subtotal — Prizes and Awards | $ | 22,176,170 | |
| 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 NAS General Fund operating budget. | $ | 6,655,608 | |
| Proceedings of the National Academy of Sciences (PNAS) Fund * | 1,000,000 | ||
| Transportation Research Board (TRB) Reserve Fund* — Income in excess of expenditures for TRB core support activities in a fiscal year. | 1,500,000 | ||
| Subtotal — Reserve Funds | $ | 9,155,608 | |
| Subtotal — Funds that Support the NAS | $ | 172,124,784 | |
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital Contribution (Column 1 of Schedule 1–A) |
||
| II. Funds that Support the NAM | |||
| A. General Funds — The following funds provide unrestricted resources to support the activities of the National Academy of Medicine. | |||
| H. Fineberg and M. Wilson Fund — A contribution by Harvey V. Fineberg and Mary E. Wilson to be used at the discretion of the president of the National Academy of Medicine to increase the impact of its activities and of the joint program with the National Academy of Sciences and National Academy of Engineering. | $ | 96,500 | |
| General Endowment Fund — Contributions from various sources, including members of the National Academy of Medicine, for capital endowment of the National Academy of Medicine. | 1,137,182 | ||
| Robert Wood Johnson Foundation Fund — A grant from the Robert Wood Johnson Foundation for core support of the National Academy of Medicine. | 5,000,000 | ||
| Henry J. Kaiser Family Foundation Fund — A contribution of the Hentry J. Kaiser Family Foundation for core activities of the National Academy of Medicine. | 488,485 | ||
| National Academy of Medicine Kellogg Fund* — A grant from the Kellogg Foundation for the general purposes of the National Academy of Medicine. | 282,500 | ||
| National Academy of Medicine Members’ Dues * | 197,500 | ||
| John D. and Catherine T. MacArthur Foundation Fund — A grant to the endowment of the National Academy of Medicine, the income from which is restricted to the general purposes of the Academy. | 5,000,000 | ||
| Pharmaceutical Discretionary Fund* — A grant from the W. K. Kellogg Foundation to further the National Academy of Medicine’s long-range program development. | 480,000 | ||
| Pharmaceutical Endowment Fund — Contributions of $250,000 from Glaxo, Inc., and $10,000 from Eli Lilly Company for the general purposes of the National Academy of Medicine. | 259,448 | ||
| Miscellaneous Private Sector Fund — Contributions from Kaiser Permanente for core support of the National Academy of Medicine. | 26,346 | ||
| Subtotal — General Funds | $ | 12,967,961 | |
| B. Program Specific Funds — Each of the following funds supports a specific programmatic purpose as designated by the donor(s). | |||
| American Board of Emergency Medicine (ABEM) Fellowship Fund — A contribution from the American Board of Emergency Medicine for early career health science scholars in the field of emergency medicine to participate in the NAM study process as part of NAM’s Anniversary Fellows program. | $ | 750,000 | |
| Distinguished Scholar Fund — A contributions from NAM members for one or more persons of senior caliber to spend a p eriod of time at the NAM in scholarly pursuits related to key program initiatives. | 16,550 | ||
| Norman F. Gant, M.D. and American Board of Obstetrics and Gynecology Fellowship Fund — A contribution from the American Board of Obstetrics and Gynecology for an early career health scientist in the field of obstetrics and gynecology, as part of NAM’s Anniversary Fellows program. | 650,500 | ||
| Greenwall Fellowship in Bioethics — A contribution from the Greenwall Foundation to support a two-year fellowship at the National Academy of Medicine for an early career scholar in the field of bioethics. | 750,000 | ||
| David and Beatrix Hamburg Endowment Fund — Contributions from individuals for communication and dissemination programs, collaborations among key public health stakeholders, and forward-looking studies. | 1,012,775 | ||
| Howard Hughes Medical Institute Fund — A contribution from the Howard Hughes Medical Institute for a program of studies to foster the translation of science into advances in health. | 5,000,000 | ||
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital Contribution (Column 1 of Schedule 1–A) |
||
| Robert Wood Johnson Foundation Culture of Health Program* — A grant from the Robert Wood Johnson Foundation to support programs and activities in the National Academy of Medicine related to the Culture of Health. | 5,000,000 | ||
| Kellogg Health of the Public Fund — A contribution from the W.M. Kellogg Foundation to advance the National Academy 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 — Contributions in response to the W.M. Kellogg Foundation’s challenge grant to support communication and outreach activities. | 2,572,544 | ||
| Omenn Fellowship Fund — A contribution from Gilbert S. Omenn and Martha Darling for early career health science scholars in the fields of biomedical science and population health to participate in the NAM study process as part of NAM’s Anniversary Fellows program. | 752,805 | ||
| Osteopathic Medicine Fellow Fund — Contributions from the American Osteopathic Association, the American Association of Colleges of Osteopathic Medicine, and the American Osteopathic Foundation for early career health science scholars in the field of osteopathic medicine to participate in the NAM study process as part of NAM’s Anniversary Fellows program. | 499,999 | ||
| Pharmacy Fellowship Fund — Contributions from the American Association of Colleges of Pharmacy and the American College of Clinical Pharmacy for early career health science scholars from the pharmaceutical and clinical sciences to participate in the NAM study process as part of NAM’s Anniversary Fellows program. | 750,000 | ||
| James C. Puffer / ABFM Fund — A contribution from the American Board of Family Medicine for early career health science scholars in the field of family medicine to participate in the NAM study process as part of the NAM’s Anniversary Fellows program. | 750,000 | ||
| Richard and Hinda Rosenthal Lecture Series — A contribution from the Richard and Hinda Rosenthal Foundation for a lecture series to bring greater attention to some of the critical health policy issues facing the country. | 1,000,000 | ||
| Leonard D. Schaeffer Fund — A contribution from Leonard D. Schaeffer to establish an endowed position in the Executive Office of the National Academy of Medicine. | 2,020,684 | ||
| Women’s Health Issues Fund — A contribution from Syntex (U.S.A.), Inc., to be used for purposes related to women’s health issues. | 20,000 | ||
| Subtotal — Program Specific Funds | $ | 26,545,857 | |
| 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 — A grant from the Robert Wood Johnson Foundation for an outstanding contribution to the advancement of health care. | $ | 1,200,000 | |
| Sandra H. Matthews Cecil Award* — For 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. | 153,175 | ||
| Rhoda and Bernard G. Sarnat International Prize in Mental Health — A grant from Rhoda and Bernard G. Sarnat for distinguished accomplishments in the field of mental health. | 1,009,179 | ||
| Subtotal — Prizes and Awards | $ | 2,362,354 | |
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1
| Endowment, Trust, and Other Long–term Investments Pool Description of Funds for the Year Ended December 31, 2015 | Capital Contribution (Column 1 of Schedule 1–A) |
||
| D. Reserve Funds — The following funds are invested in the long-term investment pool to provide for future unanticipated funding needs. | |||
| NAM Reserve Fund* — Unexpended balance of endowment earnings based on NAM Council spending plan. | $ | 500,000 | |
| Subtotal — Reserve Funds | $ | 500,000 | |
| Subtotal — Funds that Support the NAM | $ | 42,376,172 | |
| Subtotal — NAS and NAM Funds | $ | 214,500,956 | |
| 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 | $ | 224,440,600 | |
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1-A
Endowment, Trust, and Other Long-term Investments Pool
Financial Detail of Funds for the Year Ended December 31, 2015
| (Dollars in thousands) | |||||||||||
| Capital Contributions as of Dec. 31, 2015 | Market Value at Dec. 31, 2014 | 2015 Contributions | 2015 Investment Loss | 2015 Expenditures & Transfers | Market Value at Dec. 31, 2015 | ||||||
| I. Funds that Support the NAS | |||||||||||
| A. General Fund | |||||||||||
| Agassiz Fund | $ | 50 | $ 550 | $ | - | $ | (6) | $ | (24) | $ | 520 |
| Carnegie Fund | 3,275 | 38,029 | - | (386) | (1,659) | 35,984 | |||||
| Commonwealth Fund | 500 | 2,469 | - | (25) | (108) | 2,336 | |||||
| Carl Eckart Fund * | 1,246 | 2,513 | - | (25) | (110) | 2,378 | |||||
| Ford Foundation Fund | 5,000 | 24,273 | - | (246) | (1,059) | 22,968 | |||||
| Henrietta and Alexander Hollaender Fund * | 500 | 1,084 | - | (11) | (47) | 1,026 | |||||
| Grayce B. Kerr Fund | 250 | 543 | - | (6) | (24) | 513 | |||||
| Nealley Fund | 20 | 218 | - | (2) | (9) | 207 | |||||
| Simon Ramo Fund | 14 | 36 | - | (1) | (1) | 34 | |||||
| Rockefeller Foundation Fund * | 1,000 | 4,922 | - | (49) | (215) | 4,658 | |||||
| Dorothea and Herbert Simon Fund | 899 | 1,441 | - | (15) | (61) | 1,365 | |||||
| Sloan Foundation Fund * | 1,000 | 4,906 | - | (50) | (214) | 4,642 | |||||
| Amy Prudden Turner Fund * | 30 | 124 | - | (1) | (5) | 118 | |||||
| Anonymous Endowment Fund | 7,147 | 15,771 | - | (160) | (688) | 14,923 | |||||
| General Endowment Fund * | 4,144 | 9,919 | 100 | (102) | (378) | 9,539 | |||||
| General Endowment Fund | 454 | 560 | - | (6) | (24) | 530 | |||||
| Members Endowment Fund | 2,871 | 5,509 | 15 | (56) | (240) | 5,228 | |||||
| $ | 28,400 | $ 112,867 | $ | 115 | $ | (1,147) | $ | (4,866) | $ | 106,969 | |
| B. Woods Hole | |||||||||||
| Peter C. Cornell Trust Fund * | $ | 100 | $ 260 | $ | - | $ | (3) | $ | (11) | $ | 246 |
| J. Erik Jonsson Woods Hole Fund | 2,003 | 4,500 | - | (46) | (196) | 4,258 | |||||
| Richard King Mellon Foundation Fund | 50 | 190 | - | (2) | (8) | 180 | |||||
| Penzance Foundation Fund | 502 | 1,131 | - | (11) | (50) | 1,070 | |||||
| Woods Hole Endowment Fund | 971 | 1,301 | - | (13) | (57) | 1,231 | |||||
| Woods Hole Fund | 13 | 39 | - | - | (2) | 37 | |||||
| $ | 3,639 | $ 7,421 | $ | - | $ | (75) | $ | (324) | $ | 7,022 | |
| C. Presidents' Committee Funds | |||||||||||
| Basic Science Fund - Earth Sciences | $ | 503 | $ 1,538 | $ | - | $ | (15) | $ | (122) | $ | 1,401 |
| Biology and Biotechnology Fund | 420 | 954 | - | (8) | (94) | 852 | |||||
| Thomas Lincoln Casey Fund | 258 | 6,301 | - | (62) | (266) | 5,973 | |||||
| The Coca-Cola Foundation Fund | 50 | 71 | - | (1) | - | 70 | |||||
| Arthur L. Day Fund | 5,048 | 19,533 | - | (196) | (496) | 18,841 | |||||
| Cecil and Ida Green Fund | 467 | 1,662 | - | (17) | (46) | 1,599 | |||||
| W. K. Kellogg Foundation Fund | 20,000 | 45,225 | - | (440) | (1,647) | 43,138 | |||||
| Kobelt Fund * | 297 | 2,049 | - | (18) | (122) | 1,909 | |||||
| Andrew W. Mellon Foundation Fund | 1,000 | 1,675 | - | (18) | (9) | 1,648 | |||||
| George and Cynthia Mitchell Endowment for Sustainability Sciences | 20,000 | 27,376 | - | - (281) |
- (652) |
26,443 | |||||
| George and Cynthia Mitchell Matching Endowment * | 115 | 179 | - | (2) | - | 177 | |||||
| Frank Press Fund for Dissemination and Outreach | 1,167 | 2,312 | - | (23) | (98) | 2,191 | |||||
| Scientists and Engineers for the Future Fund | 1,000 | 1,692 | - | (18) | (14) | 1,660 | |||||
| $ | 50,325 | $ 110,567 | $ | - | $ | (1,099) | $ | (3,566) | $ | 105,902 | |
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1-A
Endowment, Trust, and Other Long-term Investments Pool
Financial Detail of Funds for the Year Ended December 31, 2015
| (Dollars in thousands) | ||||||||||||
| Capital Contributions as of Dec. 31, 2015 | Market Value at Dec. 31, 2014 | 2015 Contributions | 2015 Investment Loss | 2015 Expenditures & Transfers | Market Value at Dec. 31, 2015 | |||||||
| D. Program Specific Funds | ||||||||||||
| Arnold and Mabel Beckman Fund of the NAS and NAE * | $ | 13,496 | $ | 1,046 | $ | - | $ | (1) | $ | (261) | $ | 784 |
| Seymour Benzer Lecture Series | 120 | 155 | - | (1) | (1) | 153 | ||||||
| Billings Fund | 50 | 1,181 | - | (13) | (2) | 1,166 | ||||||
| Blakeslee Fund | 887 | 2,475 | - | (23) | (101) | 2,351 | ||||||
| Henry G. Booker Fellowship Fund | 21 | 73 | - | (1) | - | 72 | ||||||
| Ralph J. and Carol M. Cicerone Endowment for NAS Missions | 100 | 100 | - | (1) | - | 99 | ||||||
| Communications Initiative Fund * | - | 3,506 | - | (36) | (153) | 3,317 | ||||||
| Cultural Programs of the NAS Fund | 62 | 79 | 11 | (1) | - | 89 | ||||||
| Henry and Bryna David Endowment | 850 | 1,448 | - | (15) | (35) | 1,398 | ||||||
| Food and Nutrition Board Fund | 525 | 1,979 | - | (21) | (21) | 1,937 | ||||||
| Food and Nutrition Board Corporations Fund | 125 | 572 | - | (6) | (1) | 565 | ||||||
| Food and Nutrition Board Members Fund | 7 | 33 | 1 | - | - | 34 | ||||||
| Global Commons Project Fund | 39 | 214 | - | (2) | - | 212 | ||||||
| Frederic L. Hoch Fund | 50 | 60 | - | (1) | - | 59 | ||||||
| Marian Koshland Science Museum Fund * | 22,793 | 19,556 | - | (189) | (953) | 18,414 | ||||||
| Bruce Alberts Fund of the Marian Koshland Science Museum * | 5,135 | 8,031 | - | (82) | (290) | 7,659 | ||||||
| Christine Mirzayan Fellowship Fund | 6 | 8 | - | - | - | 8 | ||||||
| NAS Members Endowment(s) | 59 | 368 | - | (4) | - | 364 | ||||||
| National Science Resources Center Fund * | 4,986 | 6,321 | - | (67) | (285) | 5,969 | ||||||
| New Canaan Library Fund | 4 | 14 | - | - | - | 14 | ||||||
| Kumar and Shela Patel Endowment for US-India Dialogs | 613 | 883 | 2 | (9) | (47) | 829 | ||||||
| Arthur M. Sackler Colloquia of the NAS Fund | 4,375 | 6,328 | - | (54) | (466) | 5,808 | ||||||
| The Raymond and Beverly Sackler USA-UK Scientific Forum Endowment | 2,025 | 2,253 | - | (24) | (4) | 2,225 | ||||||
| Raymond and Beverly Sackler Science Fund | 2,000 | 2,619 | - | (28) | (4) | 2,587 | ||||||
| U.S. National Committee for the International Astronomical Union (USNC/IAU) Fund * | 100 | 211 | - | - (2) | - (13) | 196 | ||||||
| $ | 58,428 | $ | 59,513 | $ | 14 | $ | (581) | $ | (2,637) | $ | 56,309 | |
| E. Prizes and Awards | ||||||||||||
| American Psychological Association (APA) Science Directorate Fund | $ | 30 | $ | 84 | $ | - | $ | (1) | $ | - | $ | 83 |
| Henryk Arctowski Fund | 96 | 4,063 | - | (40) | (95) | 3,928 | ||||||
| Richard C. Atkinson Fund | 3,152 | 3,705 | - | (40) | (2) | 3,663 | ||||||
| Bache Fund | 60 | 421 | - | (4) | (34) | 383 | ||||||
| Blaauw Fund | 71 | 919 | - | (9) | (73) | 837 | ||||||
| John J. Carty Fund | 25 | 799 | - | (9) | (2) | 788 | ||||||
| Comstock Fund | 10 | 956 | - | (10) | (1) | 945 | ||||||
| Draper Fund | 6 | 384 | - | (4) | (1) | 379 | ||||||
| Elliot Fund | 8 | 191 | - | (2) | - | 189 | ||||||
| Estes Award in Social and Behavioral Sciences | 80 | 263 | - | (2) | (27) | 234 | ||||||
| Gibbs Brothers Fund | 24 | 257 | - | (3) | - | 254 | ||||||
| Gibbs Fund | 5 | 172 | - | (2) | (14) | 156 | ||||||
| Ralph E. Gomory Award for the Application of Science | 179 | 580 | - | (6) | - | 574 | ||||||
| Gould Fund | 50 | 759 | - | (8) | (60) | 691 | ||||||
| Michael and Sheila Held Prize in Mathematical Programming | 3,975 | 810 | 3,175 | (57) | - | 3,928 | ||||||
| Joseph Henry Fund | 40 | 493 | - | (5) | (39) | 449 | ||||||
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1-A
Endowment, Trust, and Other Long-term Investments Pool
Financial Detail of Funds for the Year Ended December 31, 2015
| (Dollars in thousands) | ||||||||||||
| Capital Contributions as of Dec. 31, 2015 | Market Value at Dec. 31, 2014 | 2015 Contributions | 2015 Investment Loss | 2015 Expenditures & Transfers | Market Value at Dec. 31, 2015 | |||||||
| Alexander Hollaender Award in Biophysics | $ | 100 | $ | 346 | $ | - | $ | (4) | $ | (1) | $ | 341 |
| Hunsaker Fund | 25 | 524 | - | (5) | (57) | 462 | ||||||
| Franklin Livingston Hunt Fund | 10 | 309 | - | (3) | (1) | 305 | ||||||
| Kovalenko Fund | 103 | 1,754 | 36 | (18) | (4) | 1,768 | ||||||
| Marsh Fund | 10 | 216 | - | (2) | (17) | 197 | ||||||
| George P. Merrill Fund | 10 | 709 | - | (7) | (57) | 645 | ||||||
| Stanley Miller Award * | 205 | 259 | - | (3) | (1) | 255 | ||||||
| Monsanto Award in Molecular Biology | 421 | 1,185 | - | (11) | (39) | 1,135 | ||||||
| Murray Fund | 6 | 171 | - | (2) | - | 169 | ||||||
| NAS Award in Chemical Sciences | 478 | 634 | - | (6) | (23) | 605 | ||||||
| NAS Award for Chemistry in Service to Society | 182 | 390 | - - |
(3) | (29) | 358 | ||||||
| NAS Award in Mathematics | 54 | 64 | - | (1) | - | 63 | ||||||
| NAS Award in Neuroscience | 140 | 568 | (6) | (2) | 560 | |||||||
| NAS Fund for Sciences and Technology | ||||||||||||
| in International Affairs | 59 | 289 | 10 | (4) | - | 295 | ||||||
| Pradel Fund | 16 | 2,027 | - | (19) | (64) | 1,944 | ||||||
| H. P. Robertson Lectureship Fund | 20 | 384 | - | (4) | (1) | 379 | ||||||
| Raymond and Beverly Sackler Convergence Research Prize Fund | 10,000 | - | 10,000 | (126) | (454) | 9,420 | ||||||
| John P. Schaefer Fund | 1,500 | 1,558 | - | (13) | (1) | 1,544 | ||||||
| Helen P. Smith Fund | 67 | 761 | - | (5) | (64) | 692 | ||||||
| Mrs. J. Lawrence Smith Fund | 8 | 831 | - | (6) | (59) | 766 | ||||||
| Thompson Fund | 10 | 258 | - | (2) | (20) | 236 | ||||||
| Troland Fund | 506 | 4,926 | - | (45) | (177) | 4,704 | ||||||
| Selman A. Waksman Award Fund | 390 | - | 390 | (2) | - | 388 | ||||||
| Walcott Fund | 5 | 73 | - | (1) | - | 72 | ||||||
| G. K. Warren Fund | 15 | 206 | - | (2) | (1) | 203 | ||||||
| Watson Fund | 25 | 1,613 | - | (17) | (3) | 1,593 | ||||||
| $ | 22,176 | $ | 34,911 | $ | 13,611 | $ | (519) | $ | (1,423) | $ | 46,580 | |
| F. Reserve Funds | ||||||||||||
| National Academy of Sciences Reserve Fund * | $ | 6,656 | $ | 5,316 | $ | - | $ | (57) | $ | (25) | $ | 5,234 |
| Proceedings of the National Academy of Sciences (PNAS) Fund * | 1,000 | 1,450 | - | (16) | (2) | 1,432 | ||||||
| Transportation Research Board (TRB) Reserve Fund * | 1,500 | 2,948 | - | (32) | (4) | 2,912 | ||||||
| Due to (from) National Academy of Sciences * | - | (703) | 825 | - | (147) | (25) | ||||||
| $ | 9,156 | $ | 9,011 | $ | 825 | $ | (105) | $ | (178) | $ | 9,553 | |
| Subtotal — Funds that Support the NAS | $ | 172,124 | $ | 334,290 | $ | 14,565 | $ | (3,526) | $ | (12,994) | $ | 332,335 |
| II. Funds that Support the NAM | ||||||||||||
| A. General Funds | ||||||||||||
| H. Fineberg and M. Wilson Fund | $ | 97 | $ | - | $ | 97 | $ | - | $ | - | $ | 97 |
| General Endowment Fund | 1,137 | 2,048 | - | (16) | (155) | 1,877 | ||||||
| Robert Wood Johnson Foundation Fund | 5,000 | 11,798 | - | (93) | (816) | 10,889 | ||||||
| Henry J. Kaiser Family Foundation Fund | 488 | 922 | - | (8) | (64) | 850 | ||||||
| NAM Kellogg Fund * | 283 | 647 | - | (5) | (43) | 599 | ||||||
| NAM Members' Dues * | 198 | 435 | - | (4) | (15) | 416 | ||||||
| John D. and Catherine T. MacArthur Foundation Fund | 5,000 | 11,668 | - | (90) | (809) | 10,769 | ||||||
| Pharmaceutical Discretionary Fund * | 480 | 1,154 | - | (9) | (77) | 1,068 | ||||||
| Pharmaceutical Endowment Fund | 259 | 558 | - | (4) | (39) | 515 | ||||||
| Miscellaneous Private Sector Fund | 26 | 65 | - | (1) | (4) | 60 | ||||||
| $ | 12,968 | $ | 29,295 | $ | 97 | $ | (230) | $ | (2,022) | $ | 27,140 | |
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 1-A
Endowment, Trust, and Other Long-term Investments Pool
Financial Detail of Funds for the Year Ended December 31, 2015
| (Dollars in thousands) | ||||||||||||
| Capital Contributions as of Dec. 31, 2015 | Market Value at Dec. 31, 2014 | 2015 Contributions | 2015 Investment Loss | 2015 Expenditures & Transfers | Market Value at Dec. 31, 2015 | |||||||
| B. Program Specific Funds | ||||||||||||
| American Board of Emergency Medicine (ABEM) Fellowship Fund | $ | 750 | $ | 754 | $ | - | $ | (7) | $ | 1 | $ | 748 |
| Distinguished Scholar Fund | 17 | 90 | - | (1) | - | 89 | ||||||
| Norman F. Gant, M.D. and American Board of Obstetrics and Gynecology Fellowship Fund | 650 | 914 | - | (9) | 9 | 914 | ||||||
| Greenwall Fellowship in Bioethics | 750 | - | 750 | (34) | (23) | 693 | ||||||
| David and Beatrix Hamburg Endowment Fund | 1,013 | 1,666 | - | (18) | (3) | 1,645 | ||||||
| Howard Hughes Medical Institute Fund | 5,000 | 18,403 | - | (181) | (2,916) | 15,306 | ||||||
| Robert Woods Johnson Culture of Health Program * | 5,000 | - | 5,000 | (232) | - | 4,768 | ||||||
| Kellogg Health of the Public Fund | 5,000 | 7,039 | - | (71) | (192) | 6,776 | ||||||
| Kellogg Health of the Public Fund Matching Contributions | 2,573 | 3,968 | - | (44) | (48) | 3,876 | ||||||
| Omenn Fellowship Fund | 753 | 864 | - | (10) | 16 | 870 | ||||||
| Osteopathic Medicine Fellow Fund | 500 | 213 | 250 | (18) | 64 | 509 | ||||||
| Pharmacy Fellowship Fund | 750 | 788 | 112 | (14) | (51) | 835 | ||||||
| James C. Puffer / ABFM Fund | 750 | 975 | - | (10) | (9) | 956 | ||||||
| Richard and Hinda Rosenthal Lecture Series | 1,000 | 1,583 | - | (17) | (39) | 1,527 | ||||||
| Leonard D. Schaeffer Fund | 2,021 | 2,379 | - | (26) | (3) | 2,350 | ||||||
| Women's Health Issues Fund | 20 | 103 | - | (1) | - | 102 | ||||||
| $ | 26,547 | $ | 39,739 | $ | 6,112 | $ | (693) | $ | (3,194) | $ | 41,964 | |
| C. Prizes and Awards | ||||||||||||
| Gustav O. Lienhard Award | $ | 1,200 | $ | 5,057 | $ | - | $ | (46) | $ | (680) | $ | 4,331 |
| Sandra H. Matthews Cecil Award * | 153 | 184 | - | (2) | (5) | 177 | ||||||
| Rhoda and Bernard G. Sarnat | ||||||||||||
| International Prize in Mental Health | 1,009 | 1,680 | - | (17) | (56) | 1,607 | ||||||
| $ | 2,362 | $ | 6,921 | $ | - | $ | (65) | $ | (741) | $ | 6,115 | |
| D. Reserve Funds | ||||||||||||
| NAM Reserve Fund * | $ | 500 | $ | 1,161 | $ | - | $ | (12) | $ | (1) | $ | 1,148 |
| Subtotal — Funds that Support the NAM | $ | 42,377 | $ | 77,116 | $ | 6,209 | $ | (1,000) | $ | (5,958) | $ | 76,367 |
| Subtotal — NAS and NAM Funds | $ | 214,501 | $ | 411,406 | $ | 20,774 | $ | (4,526) | $ | (18,952) | $ | 408,702 |
| III. Funds Held on Behalf of Others | ||||||||||||
| A. The National Academies' Corporation | ||||||||||||
| Operations Endowment | $ | 8,000 | $ | 9,015 | $ | - | $ | (108) | $ | (365) | $ | 8,542 |
| Program Endowment | 1,940 | 2,197 | - | (28) | (91) | 2,078 | ||||||
| Building Maintenance Reserve * | - | 371 | - | (6) | 194 | 559 | ||||||
| $ | 9,940 | $ | 11,583 | $ | - | $ | (142) | $ | (262) | $ | 11,179 | |
| TOTAL | $ | 224,441 | $ | 422,989 | $ | 20,774 | $ | (4,668) | $ | (19,214) | $ | 419,881 |
* Denotes funds for which the contribution was not permanently restricted by the donor
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
Suggested Citation:"I. Investments." National Academy of Sciences. 2016. Report of the Treasurer for the Year Ended December 31, 2015. Washington, DC: The National Academies Press. doi: 10.17226/23558.
×
SCHEDULE 2-A
Endowment, Trust, and Other Long-term Investments Pool
Change in Valuation and Market Value Summary
Change in Valuation from 12/31/14 to 12/31/15
(Dollars in Thousands)
| Market Value at 12/31/14 | $ | 422,989 | ||
| Realized Capital Gain | 6,464 | |||
| Unrealized Capital Loss | (18,461) | |||
| Reinvested Income | 7,329 | |||
| Contributions | 20,774 | |||
| Expenditures and Transfers | (19,214) | |||
| Market Value at 12/31/15 | $ | 419,881 |
Holdings and Market Value Summary as of 12/31/15
(Dollars in Thousands)
| U.S. Large Equity | ||||
| Berkshire Hathaway A | $ | 28,088 | ||
| Berkshire Hathaway B | 59 | |||
| Vanguard Institutional Index | 5,499 | |||
| Vanguard Precious Metals & Mining | 2,446 | |||
| Materials Select Sector SPDR | 4,965 | |||
| Vanguard Energy Fund | 2,610 | |||
| Renaissance Inst'l Equities (long-short) | 25,365 | |||
| Maverick Fund Ltd. (long-short) | 25,490 | |||
| Subtotal | $ | 94,522 |
| U.S. Small/Mid Equity | ||||
| SPDR S&P Biotech ETF | $ | 15,280 | ||
| Vanguard Extended Market Index | 20,059 | |||
| Vanguard Small Cap Index | 9,458 | |||
| Waters Corp | 1,175 | |||
| Dunkin Brands Group, Inc | 894 | |||
| Subtotal | $ | 46,866 |
| Non-U.S. Equity (Developed) | ||||
| Dodge & Cox International | $ | 9,227 | ||
| Driehaus International Discovery | 13,294 | |||
| Templeton Institutional | 9,924 | |||
| Vanguard Pacific Stock Index | 7,006 | |||
| Vanguard International Growth | 11,249 | |||
| Vanguard International Value | 9,790 | |||
| Matthews Asia Dividend Fund | 3,257 | |||
| Platinum Fund (long-short) | 10,766 | |||
| Subtotal | $ | 74,513 |
| Non-U.S. Equity (Emerging) | ||||
| Emerging Markets Growth Fund | $ | 16,848 | ||
| Templeton Emerging Market | 8,456 | |||
| Wisdomtree Emerging Markets | 7,526 | |||
| Driehaus Emerging Markets Growth | 10,383 | |||
| Subtotal | $ | 43,213 |
| Real Estate Equity | ||||
| iShares Dow Jones RE Index | $ | 7,870 | ||
| Third Avenue RE Fund | 6,927 | |||
| Subtotal | $ | 14,797 |
| U.S. Fixed Income/Cash | ||||
| PIMCO Funds Total Return | $ | 15,829 | ||
| Cash Equivalents | 7,437 | |||
| Subtotal | $ | 23,266 |
| Non-U.S. Fixed Income | ||||
| PIMCO Foreign Bond | $ | 9,012 | ||
| PIMCO Developing | 4,960 | |||
| PIMCO Emerging Bond | 2,474 | |||
| Subtotal | $ | 16,446 |
| Hedge Funds | ||||
| Tactician Windward | $ | 5,910 | ||
| Makena Capital Associates | 40,613 | |||
| Renaissance Inst'l Diversified | 12,166 | |||
| Bowery Opportunity Fund | 8,518 | |||
| Davidson Kempner | 9,615 | |||
| Highbridge Tactical | 3,459 | |||
| JPS Credit Opportunities | 3,767 | |||
| Subtotal | $ | 84,048 | ||
| Private Equity | $ | 22,210 | ||
| GRAND TOTAL | $ | 419,881 |
