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Treasurer's Statement
Pages 1-6

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From page 1...
... To achieve NRC program level, the federal government announced this goal, the Council, acting on the recommendation of toward the end of 2012, two settlements concerning the the Finance Committee, has historically authorized 2010 Deepwater Horizon disaster, one with BP Explora- spending from the Portfolio at a rate designed to maintain tion and Production, Inc. and one with Transocean the purchasing power of the endowment over time.
From page 2...
... In gross terms, U.S. fixed income produced returns exceeding their including both the returns on investments and the gifts respective benchmarks.
From page 3...
... Prizes and Awards The restoration was financed through the issuance of tax exempt fixed rate bonds totaling $59.6 million, which will Several award funds have existed for more than 100 be repaid principally from the revenue received from years, while others were established more recently. The sponsors of NRC studies and other activities that take Home Secretary oversees the nomination process that place in the building, with some part provided by gifts to selects award recipients and recommends to the Council the NAS.
From page 4...
... Over $1 million was received to support the core In 2013, NAS will continue to lease the National operations of the NAS's Science and EntertainAcademies Data Center at 8619 Westwood Center Drive ment Exchange, a program that connects in Vienna, Virginia. entertainment industry professionals with top scientists and engineers to create a synergy beDevelopment Office Programs tween accurate science and engineering storylines in film and television.
From page 5...
... The National Transportation Safety Board 15 total contract and grant revenue from both of these Nuclear Regulatory Commission 962 sources totaled $298.2 million in 2012 and $323.0 million Social Security Administration 296 in 2011. Adjustment to Indirect Cost Receivable & Other 5,288 Total U.S.
From page 6...
... are audited and reported separately. Salmon, our CFO, for help in managing the Endowment Financial information for the NAEF is available on and Trust Pool, providing steady oversight of the request from the NAE Finance Office; information for Academy's various budgets, and paying careful attention TNAC is available from the NAS Controller's Office.


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