Report of the Treasurer to the Council for the Year Ended December 31, 2001 (2002)

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I. Investments 7 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A I. ENDOWMENT A. Unrestricted 1. NAS Unrestricted Endowment Agassiz Fund – Bequest of Alexander Agassiz, a member of the Academy. $ 50,000 Carnegie Fund – Balance of gift of $5,000,000 of the Carnegie Corporation of New York, for the purposes of the National Academy of Sciences/National Research Council, $1,725,000 of which has been used to cover the cost of the Academy building and the acquisition of other property. 3,275,000 Commonwealth Fund – A grant of the Commonwealth Fund for capital endowment of the Academy. 500,000 Carl Eckart Fund – Bequest of Carl Eckart received for general purposes of the Academy. 1,228,130 Ford Foundation Fund – A grant of the Ford Foundation for capital endowment of the Academy. 5,000,000 Henrietta and Alexander Hollaender Fund – A bequest to the Academy from Dr. Alexander and Mrs. Henrietta Hollaender. 500,000 Grayce B. Kerr Fund – A grant from the Grayce B. Kerr Fund for general purposes of the Academy. 250,000 Nealley Fund – Bequest of George True Nealley for general purposes of the Academy. 19,556 Simon Ramo Fund – A gift from Simon Ramo for general purposes of the Academy. 14,000 Rockefeller Foundation Fund – A grant of the Rockefeller Foundation to the National Academy of Sciences for general purposes. 1,000,000 Dorothea and Herbert Simon Fund – A gift from Dorothea and Herbert Simon for general purposes of the Academy. 222,152 Sloan Foundation Endowment Fund – A grant of the Alfred P. Sloan Foundation for general purposes of the Academy. 1,000,000 Amy Prudden Turner Fund – Bequest of Amy Prudden Turner for general purposes of the Academy to serve as a memorial to her husband Scott and herself. 29,662 Anonymous Endowment Fund – A gift for general purposes of the Academy from a donor who wishes to remain anonymous. 7,146,660 General Endowment Fund – Bequest of David Lloyd Fillman and others for general purposes of the Academy. By action of the Council, the International Critical Tables were transferred into this fund during FY 1976, and proceeds from the sale of the Audubon Folios were transferred in FY 1981. 3,149,750 Members Endowment Fund – Contributions from various members to be used for general purposes of the Academy. 2,436,555 Subtotal: NAS Unrestricted Endowment $25,821,465 2. IOM Unrestricted Endowment General Endowment Fund – Contributions from various sources, including members of the Institute of Medicine, for capital endowment of the IOM. $ 894,648 For endowment contributions, the capital is typically restricted and the income is unrestricted. 8 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A Robert Wood Johnson Foundation Fund – An endowment grant, the income from which is to be used for core support of the Institute of Medicine. $ 5,000,000 IOM Kellogg Fund – A grant from the Kellogg Foundation to be used for general purposes of IOM. 282,500 IOM Members’ Dues 197,500 Henry J. Kaiser Family Foundation Fund – Contribution to an endowment fund to support core activities of the Institute of Medicine. The grant indicates the foundation’s view that the Institute of Medicine is of great importance to the development of sound social policy related to health. In 1989 this grant was amended by the Kaiser Family Foundation to provide for transfer of $250,000 as a matching contribution to the endowment contribution to the IOM’s Food and Nutrition Board. 488,485 John D. and Catherine T. MacArthur Foundation Fund – A grant to be used exclusively as a permanent endowment to the Institute of Medicine, the income from which is restricted to the general purposes of the Institute. 5,000,000 Pharmaceutical Discretionary Fund – A grant from W. K. Kellogg to further the IOM’s long- range program development. 480,000 Pharmaceutical Endowment Fund – Contributions of $250,000 over a period of five years from Glaxo, Inc., and $10,000 from Eli Lilly Company, the income from which is to be used for general purposes of the Institute of Medicine. 259,448 Miscellaneous Private Sector – Contributions of Kaiser Permanente to be used for core support requirements of the Institute of Medicine. 26,346 Subtotal: IOM Unrestricted Endowment $12,628,927 B. Restricted for Specific Purpose 1. Program a. NAS Restricted Program Arts in the Academy Fund – Contribution from various sources for sponsoring free cultural programs of merit for local residents and for providing a platform for musicians and artists. $ 3,934 Basic Science Fund – Earth Sciences – Contribution from an anonymous donor to match a gift from the Palisades Geophysical Institution of New York. Together these contributions will be used to establish the Maurice Ewing and Planetary Sciences Fund of the National Academy of Sciences. 500,000 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 Blakeslee Fund – Bequest of Albert Francis Blakeslee, the income from which is to be used in support of genetics research. 886,902 For endowment contributions, the capital is typically restricted and the income is unrestricted. 9 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A Thomas Lincoln Casey Fund – 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 to be used for initiatives in precollege science and mathematics education. 50,000 Henry & Bryna David Endowment – A bequest of Henry and Bryna David for the establishment and funding of the Henry and Bryna David Endowment to support the communication of insights and discoveries from the social and behavioral sciences to policymakers and other decision makers to promote informed public policy and staff development through various Academy activities. 850,000 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 gift from Cecil and Ida Green for general purposes of the Academy. 467,256 Global Commons Project Fund 39,058 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 will be used to fund studies and other activities within these program areas such as enhancing the quality of U.D. 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 – 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 The Kumar and Shela Patel Endowment for U.S.-India Dialogs – To support U.S.-India scientific and technical communication and dialog through various Academy activities. 600,000 Frank Press Fund for Dissemination and Outreach – Established with contributions from members of the Presidents’ Circle of the NAS, NAE, and the IOM, the income from the fund is to support a variety of dissemination and outreach activities that seek to share the Academy’s complex knowledge and resources with the policy-making community and the general public. 1,150,755 Arthur M. Sackler Colloquia of the National Academy of Sciences Fund – A gift from Mrs. Arthur M. Sackler to endow, in perpetuity, a series of scientific symposia that promote interaction among world-class researchers in rapidly advancing scientific fields. 1,250,000 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 NAS Members Endowment(s) – Additional member contributions that have been designated for special purposes, such as the Board on Chemical Sciences Fund, the Committee on Human Rights Fund, the Committee on International Security and Arms Control Fund, and the Section 14 Chemistry Discretionary Fund. 221,474 Subtotal: NAS Restricted Program $34,042,131 For endowment contributions, the capital is typically restricted and the income is unrestricted. 10 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A b. IOM Restricted Program Distinguished Scholar Fund – Contributions from various IOM members to permit the selection of one or more persons of senior caliber to spend a period of time at the IOM in scholarly pursuits related to key program initiatives. $ 16,550 Consequences of Uninsurance 6,795 Dissemination Activities 4,550 Food and Nutrition Board Fund – Grant of $250,000 to the Institute of Medicine as a contribution to the endowment fund to support core activities of the Food and Nutrition Board. This award was contingent on the Institute of Medicine transferring a matching amount from the 1986 unrestricted contribution from the Kaiser family for general core support of the Institute. Further contributions to the FNB endowment would be matched by one dollar from earlier grant for every two dollars of new contributions. 525,000 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 various members to be used for general purposes of the Food and Nutrition Board. 3,800 Howard Hughes Medical Institute Fund – Contribution for the exclusive use of the Institute of Medicine to initiate and maintain a program of studies whose purpose is to foster the translation of science into advances in health. 5,000,000 Improving Health Policy Communication 3,600 The Richard and Hinda Rosenthal Lecture Series – Through the generosity of the Richard and Hinda Rosenthal Foundation, a lecture series was established in 1988. In 2000, the Richard and Hinda Rosenthal Lecture Series was endowed at the Institute of Medicine of the National Academy of Sciences to bring greater attention to some of the critical health policy issues facing the country. 200,000 Women’s Health Issues Fund – Contribution from Syntex (U.S.A.), Inc., to be used for purposes related to women’s health issues. 20,000 Subtotal: IOM Restricted Program $5,905,295 2. Prizes and Awards a. NAS Prizes and Awards American Psychological Association Science Directorate Fund – A gift 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 Applied Mathematics and Numerical Analysis Fund – Gift of the International Business Machines Corporation to support the NAS award in Applied Mathematics and Numerical Analysis by an award of $5,000 approximately every three years. The fund principal is not restricted. __ Henryk Arctowski Fund – Bequest of Jane Arctowska 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 For endowment contributions, the capital is typically restricted and the income is unrestricted. 11 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A Bache Fund – Bequest of Alexander Dallas Bache, a member of the Academy, to aid research in the physical and natural sciences. $ 60,000 Blaauw Fund – Bequest of Marianne Blaauw to establish the Edmond and Marianne Blaauw Fund to support research in the field of ophthalmology. 71,299 John J. Carty Fund – Gift of the American Telephone and Telegraph Company in recognition of the distinguished achievements of John J. Carty and as a lasting testimonial of the love and esteem in which he was held by his many thousands of associates in the Bell System, for a gold medal and award for noteworthy and distinguished accomplishments in any field of science. 25,000 Comstock Fund – Gift of General Cyrus B. Comstock, a member of the Academy, to promote research in electricity, magnetism, or radiant energy through the Comstock Prize to be awarded for notable investigations. 10,400 Draper Fund – Gift 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 – Gift of Margaret Henderson Elliot to found the Daniel Giraud Elliot Gold Medal and Honorarium for the most meritorious work on zoology and paleontology published in each year. 8,000 Estes Award in Social and Behavioral Sciences – A gift 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 – Gift of William Francis Gibbs and Frederic H. Gibbs to found the Gibbs Brothers Medal for outstanding contributions in the field of naval architecture and marine engineering. 24,000 Gibbs Fund – Established by gift of Wolcott Gibbs, a member of the Academy, and increased by a bequest of the late Morris Loeb in 1914 for the promotion of research in chemistry. 5,173 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 – Gift of Mrs. Alice Bache Gould in memory of her father, former member of the Academy, for the promotion of research in astronomy, bequest of $20,000 from the estate of Alice Bache Gould received in 1954, and bequest of $10,000 from the estate of Elizabeth Chandler Hockley received in 1979. 50,000 Joseph Henry Fund – Contributions by Fairman Rogers, Joseph Patterson, George W. Childs, and others as an expression of their respect and esteem for Joseph Henry, for the establishment of a fund to assist meritorious investigators, especially in the direction of original research. 39,740 Alexander Hollaender Award in Biophysics – A bequest of Alexander Hollaender, the income from which is to be used to provide a prize to an outstanding biophysicist. The prize is to be given at the Annual Meeting of the Academy, with selection of the recipient at the Academy’s discretion. 100,000 Hunsaker Fund – Gift of Mr. and Mrs. J. C. Hunsaker to found an Academy award in the field of aeronautical engineering. 24,750 For endowment contributions, the capital is typically restricted and the income is unrestricted. 12 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A Franklin Livingston Hunt Fund – Bequest of Franklin Livingston Hunt for aid to research in physics, chemistry, and preventive medicine. A portion of the income may also be used from time to time to provide a medal to be known as the Franklin Livingston Hunt Medal for distinguished accomplishment in scientific research. $ 10,465 Kovalenko Fund – Gift of Michael S. Kovalenko, in memory of his wife, to found the Jessie Stevenson Kovalenko Gold Medal for meritorious research in medical sciences. 50,261 Marsh Fund – Bequest of Othniel Charles Marsh, a member of the Academy, to promote original research in the natural sciences. 10,000 George P. Merrill Fund – Gift of Mrs. George P. Merrill, the income from which is to be used for studies of meteors, meteorites, and space. 10,000 Monsanto Award in Molecular Biology – A grant from the Monsanto Company for an award to be given in recognition of contributions in the field of molecular biology. 421,374 Murray Fund – Gift of the late Sir John Murray to found the Alexander Agassiz Gold Medal in honor of a former member and president of the Academy, to be awarded for original contributions to the science of oceanography. 6,000 National Academy of Sciences Award for Chemistry in Service to Society – Established by the E. I. DuPont de Nemours & Company to recognize contributions to chemistry, whether in fundamental science or its applications, that clearly satisfy a societal need. Given in alternate years to chemists working in industry, academia, government, and nonprofit organizations. 181,838 National Academy of Sciences Award in Mathematics – Established by the American Math- ematical Society for a prize to be awarded every four years in mathematics. 53,597 National Academy of Sciences Award in Chemical Sciences – An annual award currently sponsored and endowed by The Merck Company Foundation to recognize distinction in research and broad fundamental impact in pure chemistry. This award was originally established by the Occidental Petroleum Corporation in honor of Armand Hammer. 378,277 National Academy of Sciences Award in Neuroscience – Established by the Fidia Research Foundation for an award in neuroscience, to be given every three years. 140,206 National Academy of Sciences Fund for Sciences and Technology in International Affairs – Contributions from Cecil and Ida Green, J. Erik Jonsson, Jerome B. Wiesner, and Academy sources to establish the National Academy of Sciences Fund for Sciences and Technology in International Affairs in honor of Walter A. Rosenblith. 49,119 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, foreign secretary of the Academy, to establish a lectureship under which distinguished scientists would be invited from anywhere in the world to present lectures to be known as the Robertson Memorial Lecture of the National Academy of Sciences. 20,325 Helen P. Smith Fund – A bequest of Helen P. Smith in memory of her husband, Gilbert Morgan Smith, to establish a triannual medal and honorarium to be conferred in recognition of published research in marine and freshwater algae. 67,107 For endowment contributions, the capital is typically restricted and the income is unrestricted. 13 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A Mrs. J. Lawrence Smith Fund – Gift of Mrs. J. Lawrence Smith in memory of her husband, a former member of the Academy, to found the J. Lawrence Smith Gold Medal to be awarded for important investigations of meteoric bodies and to assist, by grants of money, research concerning such objects. $ 8,000 Thompson Fund – Gift of Mrs. Mary Clark Thompson for a gold medal of appropriate design, to be known as the Mary Clark Thompson Gold Medal, to be awarded for important services to geology and paleontology. 10,000 Troland Fund – Bequest of Leonard T. Troland to be known as the Troland Foundation for Research in Psychophysics. The income is to be expended with a view to the actual advancement of scientific knowledge in the field of psychophysics. 505,359 Waksman Fund – Gift of the Foundation for Microbiology for an award of $5,000 every two years to be known as the Selman A. Waksman Award in Microbiology. The contributions from the foundation may be fully expended for the intended purpose. ___ Walcott Fund – Gift of Mrs. Mary Vaux Walcott in honor of her husband, a former member and president of the Academy, for the award of medals and honoraria to persons, the results of whose published research, explorations, and discoveries pre-Cambrian or Cambrian life and history shall be judged most meritorious; the award is to be known as the Charles Doolittle Walcott Medal. 5,000 G. K. Warren Fund – Gift of Miss Emily B. Warren in memory of her father, a member of the Academy, the income from which is to be used for an award to be known as the G. K. Warren Prize in any field of science. 15,000 Watson Fund – Bequest of James Craig Watson, a member of the Academy, for the promotion of astronomical sciences through the award of the Watson Gold Medal and grants of money in aid of research. 25,000 Subtotal: NAS Prizes and Awards $ 2,792,313 b. IOM Prizes and Awards Gustav O. Lienhard Award – Initially established by an annual grant award in 1986, the Robert Wood Johnson Foundation in 1991 approved a grant for endowment of the Gustav O. Lienhard Award to be given annually in recognition of an outstanding contribution to the advancement of health care. $ 1,200,000 Rhoda and Bernard G. Sarnat International Prize in Mental Health – A grant from Rhoda and Bernard G. Sarnat for the purpose of honoring an individual, group, or organization for distinguished accomplishments in the field of mental health. 1,009,179 Subtotal: IOM Prizes and Awards $ 2,209,179 3. The National Academies’ Corporation (TNAC) Restricted Endowment – An endowment from the Arnold and Mable Beckman Foundation for operating and program uses. The Beckman endowment is invested by the NAS on behalf of TNAC. $12,112,013 For endowment contributions, the capital is typically restricted and the income is unrestricted. 14 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A 4. Woods Hole Restricted Endowment Peter C. Cornell Trust Fund – To memorialize Detlev W. Bronk, a former member and 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. The gift may be fully expended for its intended purpose. $ 100,000 J. Erik Jonsson Woods Hole Fund – A gift for the Woods Hole Study Center of the NAS in honor of J. Erik Jonsson, one of the founders of Texas Instruments and a former mayor of Dallas. The donor wishes to remain anonymous. 2,002,500 Penzance Foundation Fund – A grant for the J. Erik Jonsson Woods Hole Study Center especially 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. 964,240 Woods Hole Fund – Contributions from various individuals for maintenance of the Woods Hole Study Center. 12,874 Richard King Mellon Foundation Fund – Grant from the Richard King Mellon Foundation for maintenance of the building and grounds at the Woods Hole Study Center. 50,000 Subtotal: Woods Hole Restricted Endowment $ 3,632,114 5. Transportation Research Board Restricted Endowment Turner Award – Holds the income received from private sources to be awarded to individuals who have been selected for the Francis Turner Medal for Lifetime achievement in Transportation. $ 37,500 6. PNAS Restricted Endowment Billings Fund – Bequest of Mrs. 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 II. FUNDS FUNCTIONING AS ENDOWMENT A. Unrestricted Funds National Academy of Sciences Reserve Fund $ 875,434 IOM Reserve Fund – Unexpended balance earned on endowment based on IOM Council spending plan. The IOM reserve permits the effective management of unanticipated financial emergencies. 500,000 TRB Reserve Fund – Holds income in excess of expenditures for TRB core support activities in a fiscal year. This fund is used to cover temporary shortfalls and extraordinary one-time expenditures. 1,500,000 Subtotal: Funds Functioning as Endowment, Unrestricted $2,875,434 For endowment contributions, the capital is typically restricted and the income is unrestricted. 15 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A B. Restricted for a Specific Purpose Postemployment Benefits $ 700,000 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. 19,826 Proceedings of the National Academy of Sciences Fund 1,000,000 TNAC Capital Fund 1,595,305 U.S. National Committee for the International Astronomical Union (USNC/IAU) Fund – Contributions from USNC/IAU to provide funds in support of participation by U.S. astronomers in the activities of the International Astronomical Union Triennial General Assemblies. 100,000 Subtotal: Funds Functioning as Endowment, Restricted for a Specific Purpose $3,415,131 III. RESTRICTED CONTRIBUTIONS A. NAS 1. Program Basic Science Fund – Various – Contributions from American Telephone and Telegraph Corporation, Atlantic Richfield Foundation, Dow Chemical Corporation, E. I. DuPont de Nemours & Company, International Business Machines Corporation, Merck and Company, Monsanto Company, Shell Oil Companies Foundation, and Standard Oil Company to support studies designed to strengthen the basic natural sciences (physics, chemistry, mathematics, and biology). — Marian E. Koshland Science Museum – A gift from Daniel E. Koshland, Jr. and the Koshland Memorial Foundation in memory of Marian E. Koshland for the planning, designing, construction, and operation of a museum to be known as the Marian E. Koshland Science Museum for the purposes of promoting the public understanding of science and the public display of scientific exhibitions. $5,000,000 Arthur M. Sackler Colloquia of the National Academy of Sciences Fund – A gift from Mrs. Arthur M. Sackler to fund the annual operations of a series of scientific symposia that promote interaction among world-class researchers in rapidly advancing scientific fields. 125,000 Slipher Fund – Bequest of V. M. Slipher, a member of the Academy, to be used as determined by the Academy. The bequest principal is managed by Bank One, Scottsdale, Arizona, which makes periodic income distributions to the Academy. Income distributions may be fully disbursed by the Academy in the year of receipt. — Subtotal: NAS Restricted Contributions – Program $5,125,000 For endowment contributions, the capital is typically restricted and the income is unrestricted. 16 

SCHEDULE 1 Endowment and Trust Investment Funds – Description of Funds from Capital Contribution Inception for the Year Ended December 31, 2001 Column 2 of Schedule 1-A 2. Prizes and Awards Levison Memorial Fund – Contributions from various sources established by the Council of the National Academy of Sciences to encourage staff development, training, and commitment within the Division of Behavioral and Social Sciences and Education (DBASSE). Funds will be made available on a case-by-case basis as supplemental support for development activities. A prize may be awarded to a DBASSE staff member who exerts notable and unusual effort toward improving the quality of working life in DBASSE. — Richard Lounsbery Foundation Award – An annual award of $50,000 established by Mrs.Vera Lounsbery in memory of her husband, Richard Lounsbery, given in alternate years to a young French or American researcher in biology or medicine. The laureate is selected by a jury composed of members of the Academies of Sciences of the United States of America and France. It was Mrs. Lounsbery’s desire to encourage reciprocal scientific exchanges between the two countries and to stimulate research contributing to the biological understanding of man and to the improvement and welfare of mankind. The recipient is given a three-year option on an additional $20,000, which may be used to pursue research in the opposite country. — NAS Award in Scientific Reviewing – Funds contributed by Annual Reviews, Inc., the Institute for Scientific Information in honor of James Murray Luck, for an award to be given in recognition of and to pay tribute to authors who have performed significant service to science and their fellow scientists in the writing of outstanding scientific reviews. These annual contributions may be fully disbursed in the year of award. — Subtotal: NAS Restricted Contributions – Prizes and Awards $ 0 Grand Total $110,646,604 Note: Items that have a “—” in the Capital Contribution column are those with no contribution this year but that have activity in the investment pool. In most cases, there is short-term investment activity. For endowment contributions, the capital is typically restricted and the income is unrestricted. 17 

SCHEDULE 1-A Endowment and Trust Investment Funds – Financial Detail of Funds from Inception for the Period Ended December 31, 2001 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Cumulative Fund Market Reinvestment Cumulative Total Cash and Equity Values of Earned Realized Pooled Accrued Dec. 31, Dec. 31, Contribution Income Gains Investments Income 2001 2001 I. Endowment A. Unrestricted 1. NAS Agassiz Fund $ 50 $ 77 $ 280 $ 407 $ — $ 407 $ 495 Carnegie Fund 3,275 5,786 20,504 29,565 104 29,669 33,485 Commonwealth Fund 500 332 997 1,829 6 1,835 1,929 Carl Eckart Fund 1,228 225 424 1,877 6 1,883 2,260 Ford Foundation Fund 5,000 3,358 9,621 17,979 60 18,039 19,379 Henrietta and Alexander Hollaender Fund 500 100 176 776 (10) 766 846 Grayce B. Kerr Fund 250 29 81 360 15 375 395 Nealley Fund 20 33 161 214 18 232 191 Simon Ramo Fund 14 5 9 28 5 33 28 Rockefeller Foundation Fund 1,000 689 1,955 3,644 42 3,686 3,981 Dorothea and Herbert Simon Fund 222 41 164 427 7 434 456 Sloan Foundation Fund 1,000 690 1,938 3,628 65 3,693 3,984 Amy Prudden Turner Fund 30 6 60 96 1 97 110 Anonymous Endowment Fund 7,147 1,629 2,910 11,686 204 11,890 12,395 General Endowment Fund 3,150 1,051 2,400 6,601 119 6,720 7,271 Members Endowment Fund 2,437 505 838 3,780 44 3,824 3,910 $25,823 $14,556 $42,518 $82,897 $ 686 $83,583 $91,115 2. IOM General Endowment Fund $ 895 $ 234 $ 224 $ 1,353 $ 234 $ 1,587 $ 1,289 Robert Wood Johnson Foundation Fund 5,000 1,428 2,953 9,381 517 9,898 9,876 IOM Kellogg Fund 283 49 11 343 2 345 299 IOM Members Dues 198 34 7 239 — 239 209 Henry J. Kaiser Family Foundation Fund 489 65 168 722 57 779 778 John D. and Catherine T. MacArthur Foundation Fund 5,000 1,341 2,714 9,055 476 9,531 9,743 Pharmaceutical Discretionary Fund 480 84 18 582 (31) 551 510 Pharmaceutical Endowment Fund 259 67 102 428 54 482 440 Miscellaneous Private Sector Fund 26 13 12 51 1 52 52 $12,630 $ 3,315 $ 6,209 $22,154 $1,310 $23,464 $23,196 B. Restricted for Specific Purpose 1. Program a. NAS Arts in the Academy Fund $ 4 $ 5 $ 1 $ 10 $ — $ 10 $ 10 Basic Science Fund – Earth Sciences 500 259 196 955 2 957 940 Biology and Biotechnology Fund 420 90 146 656 3 659 739 Blakeslee Fund 887 244 684 1,815 3 1,818 1,943 Thomas Lincoln Casey Fund 258 1,854 2,505 4,617 16 4,633 5,213 Coca-Cola Foundation Fund 50 13 19 82 — 82 90 Henry and Bryna David Endowment 850 17 (6) 861 3 864 859 Arthur L. Day Fund 5,048 3,665 4,715 13,428 44 13,472 14,665 Cecil and Ida Green Fund 467 164 456 1,087 4 1,091 1,178 Global Commons Project Fund 39 36 17 92 — 92 93 Houston Advanced Research Center — 10 — 10 — 10 — W. K. Kellogg Foundation Fund 20,000 3,920 7,224 31,144 105 31,249 33,713 18 

SCHEDULE 1-A Endowment and Trust Investment Funds – Financial Detail of Funds from Inception for the Period Ended December 31, 2001 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Cumulative Fund Market Reinvestment Cumulative Total Cash and Equity Values of Earned Realized Pooled Accrued Dec. 31, Dec. 31, Contribution Income Gains Investments Income 2001 2001 Kobelt Fund $ 297 $ 402 $ 737 $ 1,436 $ 5 $ 1,441 $ 1,601 Andrew W. Mellon Foundation Fund 1,000 281 407 1,688 6 1,694 1,856 The Kumar and Shela Patel Endowment for U.S.-India Dialogs 600 16 20 636 2 638 564 Frank Press Fund for Dissemination and Outreach 1,151 239 342 1,732 5 1,737 1,730 Arthur M. Sackler Colloquia of the NAS 1,250 67 14 1,331 29 1,360 1,201 Scientists and Engineers for the Future Fund 1,000 280 411 1,691 7 1,698 2,063 NAS Members Endowment(s) 221 171 68 460 (5) 455 449 $34,042 $11,733 $17,956 $63,731 $ 229 $63,960 $68,907 b. IOM Distinguished Scholar Fund $ 17 $ 19 $ 7 $ 43 $ (3) $ 40 $ 40 Consequences of Uninsurance 7 — — 7 — 7 6 Dissemination Activities 4 — — 4 — 4 4 Food and Nutrition Board Fund 525 425 256 1,206 (71) 1,135 1,261 Food and Nutrition Board Corporations Fund 125 180 67 372 1 373 377 Food and Nutrition Board Members Fund 4 7 1 12 1 13 13 Howard Hughes Medical Institute Fund 5,000 2,124 2,328 9,452 (21) 9,431 9,730 Improving Health Policy Communication 4 — — 4 — 4 4 Richard and Hinda Rosenthal Lecture Series 200 5 1 206 4 210 193 Women’s Health Issues Fund 20 18 9 47 — 47 44 $ 5,906 $ 2,778 $ 2,669 $11,353 $ (89) $11,264 $11,672 2. Prizes and Awards a. NAS American Psychological Association Science Directorate Fund $ 30 $ 12 $ 7 $ 49 $ (1) $ 48 $ 45 Applied Mathematics and Numerical Analysis Fund — 15 — 15 1 16 — Henryk Arctowski Fund 96 1,241 772 2,109 6 2,115 2,217 Bache Fund 60 34 198 292 1 293 340 Blaauw Fund 71 230 340 641 2 643 721 John J. Carty Fund 25 309 236 570 1 571 599 Comstock Fund 10 295 182 487 1 488 532 Draper Fund 6 113 96 215 (4) 211 215 Elliot Fund 8 68 58 134 — 134 145 Estes Award in Social and Behavioral Sciences 80 74 47 201 — 201 220 Gibbs Brothers Fund 24 76 101 201 7 208 224 Gibbs Fund 5 54 64 123 (7) 116 119 19 

SCHEDULE 1-A Endowment and Trust Investment Funds – Financial Detail of Funds from Inception for the Period Ended December 31, 2001 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Cumulative Fund Market Reinvestment Cumulative Total Cash and Equity Values of Earned Realized Pooled Accrued Dec. 31, Dec. 31, Contribution Income Gains Investments Income 2001 2001 Ralph E. Gomory Award for the Application of Science $ 179 $ 96 $ 74 $ 349 $ 1 $ 350 $ 346 Gould Fund 50 179 305 534 1 535 599 Joseph Henry Fund 40 61 246 347 2 349 406 Alexander Hollaender Award in Biophysics 100 71 49 220 (1) 219 227 Hunsaker Fund 25 133 104 262 1 263 271 Franklin Livingston Hunt Fund 10 87 38 135 — 135 135 Kovalenko Fund 50 451 328 829 — 829 874 Marsh Fund 10 37 105 152 — 152 180 George P. Merrill Fund 10 17 30 57 — 57 63 Monsanto Award in Molecular Biology 421 170 207 798 4 802 854 Murray Fund 6 89 51 146 (1) 145 161 NAS Award for Chemistry in Service to Society 182 40 60 282 1 283 297 NAS Award in Mathematics 54 2 2 58 (1) 57 51 NAS Award in Chemical Sciences 378 — — 378 (7) 371 329 NAS Award in Neurosciences 140 112 71 323 1 324 324 NAS Fund for Sciences and Technology in International Affairs 49 87 32 168 — 168 165 Pradel Fund 16 373 160 549 2 551 559 H. P. Robertson Lectureship Fund 20 94 77 191 1 192 200 Helen P. Smith Fund 67 189 156 412 1 413 432 Mrs. J. Lawrence Smith Fund 8 260 187 455 2 457 481 Thompson Fund 10 88 90 188 (3) 185 199 Troland Fund 505 1,421 1,236 3,162 4 3,166 2,908 Waksman Award — — — — (15) (15) — Walcott Fund 5 23 33 61 — 61 71 G. K. Warren Fund 15 66 54 135 1 136 138 Watson Fund 25 508 309 842 (24) 818 911 $ 2,790 $ 7,175 $ 6,105 $ 16,070 $ (23) $ 16,047 $ 16,558 b. IOM Gustav O. Lienhard Award $ 1,200 $ 960 $ 503 $ 2,663 $ (563) $ 2,100 $ 2,755 Rhonda and Bernard G. Sarnat International Prize in Mental Health 1,009 162 125 1,296 (71) 1,225 1,102 $ 2,209 $ 1,122 $ 628 $ 3,959 $ (634) $ 3,325 $ 3,857 3. The National Academies’ Corporation $ 12,112 $ 1,649 $ 3,423 $ 17,184 $ 55 $ 17,239 $ 17,390 $ 12,112 $ 1,649 $ 3,423 $ 17,184 $ 55 $ 17,239 $ 17,390 4. Woods Hole Peter C. Cornell Fund $ 100 $ 35 $ 69 $ 204 $ — $ 204 $ 212 J. Erik Jonsson Woods Hole Fund 2,003 731 787 3,521 11 3,532 3,680 Penzance Foundation Fund 502 186 197 885 3 888 921 Woods Hole Endowment Fund 964 112 165 1,241 3 1,244 1,079 Woods Hole Fund 13 8 9 30 — 30 34 Richard King Mellon Foundation Fund 50 63 47 160 — 160 162 $ 3,632 $ 1,135 $ 1,274 $ 6,041 $ 17 $ 6,058 $ 6,088 20 

SCHEDULE 1-A Endowment and Trust Investment Funds – Financial Detail of Funds from Inception for the Period Ended December 31, 2001 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Cumulative Fund Market Reinvestment Cumulative Total Cash and Equity Values of Earned Realized Pooled Accrued Dec. 31, Dec. 31, Contribution Income Gains Investments Income 2001 2001 5. Transportation Research Board Turner Award $ 38 $ 2 $ — $ 40 $ — $ 40 $ — $ 38 $ 2 $ — $ 40 $ — $ 40 $ — 6. PNAS Billings Fund $ 50 $ 283 $ 186 $ 519 $ 2 $ 521 $ 548 $ 50 $ 283 $ 186 $ 519 $ 2 $ 521 $ 548 II. Funds Functioning as Endowment A. Unrestricted National Academy of Sciences Reserve Fund $ 875 $ 72 $ 64 $ 1,011 $ (21) $ 990 $ 864 IOM Reserve Fund 500 112 27 639 1 640 536 TRB Reserve Fund 1,500 314 85 1,899 5 1,904 1,581 $ 2,875 $ 498 $ 176 $ 3,549 $ (15) $ 3,534 $ 2,981 B. Restricted for a Specific Purpose Postemployment Benefits $ 700 $ 64 $ 29 $ 793 $ 3 $ 796 $ 738 Henry G. Booker Fellowship Fund 20 1 4 25 — 25 30 Proceedings of the National Academy of Sciences Fund 1,000 947 838 2,785 10 2,795 2,870 TNAC Capital Fund 1,595 446 360 2,401 6 2,407 2,166 USNC/IAU 100 14 4 118 — 118 103 $ 3,415 $ 1,472 $ 1,235 $ 6,122 $ 19 $ 6,141 $ 5,907 III. Restricted Contributions A. NAS 1. Program Basic Science Fund – Various $ — $ 1 $ — $ 1 $ — $ 1 $ — M. E. Koshland Fund 5,000 201 — 5,201 (640) 4,561 — Arthur M. Sackler Colloquia of the NAS 125 98 — 223 (386) (163) — Slipher Fund — 169 — 169 (181) (12) — 2. Prizes and Awards Levison Memorial Fund — 2 — 2 — 2 — Richard Lounsbery Foundation Award — — — — (28) (28) — NAS Award in Scientific Reviewing — — — — (2) (2) — NAS Award for Initiatives in Research — — — — (22) (22) — NAS Libraries Project — — — — 4 4 — NAS Support Staff Award — 2 — 2 — 2 — $ 5,125 $ 473 $ — $ 5,598 $(1,255) $ 4,343 $ — TOTAL $110,647 $46,191 $82,379 $239,217 $ 302 $239,519 $248,219 21 

SCHEDULE 1-B Endowment and Trust Investment Funds – Financial Detail of Funds for the Year Ended December 31, 2001 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Fund Fund Equity Expenditures Equity Dec. 31, Earned Realized and Dec. 31, 2000 Contributions Income Gains Transfers 2001 I. Endowment A. Unrestricted 1. NAS Agassiz Fund $ 400 $ — $ 16 $ 19 $ (28) $ 407 Carnegie Fund 29,191 — 1,113 1,258 (1,893) 29,669 Commonwealth Fund 1,808 — 64 72 (109) 1,835 Carl Eckart Fund 1,233 620 62 61 (93) 1,883 Ford Foundation Fund 17,763 — 644 728 (1,096) 18,039 Henrietta and Alexander Hollaender Fund 754 — 28 32 (48) 766 Grayce B. Kerr Fund 369 — 13 15 (22) 375 Nealley Fund 230 — 6 7 (11) 232 Simon Ramo Fund 32 — 1 1 (1) 33 Rockefeller Foundation Fund 3,600 — 132 150 (196) 3,686 Dorothea and Herbert Simon Fund 422 — 15 17 (20) 434 Sloan Foundation Fund 3,583 — 132 150 (172) 3,693 Amy Prudden Turner Fund 94 — 4 4 (5) 97 Anonymous Endowment Fund 11,548 — 412 466 (536) 11,890 General Endowment Fund 6,520 — 242 273 (315) 6,720 Members Endowment Fund 3,695 24 130 146 (171) 3,824 $81,242 $ 644 $3,014 $3,399 $(4,716) $83,583 2. IOM General Endowment Fund $ 1,252 $ 238 $ 42 $ 45 $ 10 $ 1,587 Robert Wood Johnson Foundation Fund 9,870 — 338 389 (699) 9,898 IOM Kellogg Fund 324 — 10 11 — 345 IOM Members Dues 225 — 7 7 — 239 Henry J. Kaiser Family Foundation Fund 759 — 27 31 (38) 779 John D. and Catherine T. MacArthur Foundation Fund 9,536 — 332 383 (720) 9,531 Pharmaceutical Discretionary Fund 549 — 17 18 (33) 551 Pharmaceutical Endowment Fund 450 — 15 17 — 482 Miscellaneous Private Sector Fund 53 — 2 2 (5) 52 $23,018 $ 238 $ 790 $ 903 $(1,485) $23,464 B. Restricted for Specific Purpose 1. Program a. NAS Arts in the Academy Fund $ 10 $ — $ — $ — $ — $ 10 Basic Science Fund – Earth Sciences 940 — 31 36 (50) 957 Biology and Biotechnology Fund 649 — 24 27 (41) 659 Blakeslee Fund 1,791 — 66 73 (112) 1,818 Thomas Lincoln Casey Fund 4,561 — 170 193 (291) 4,633 Coca-Cola Foundation Fund 81 — 3 3 (5) 82 Henry and Bryna David Endowment — 850 20 (6) — 864 Arthur L. Day Fund 11,967 1,235 478 507 (715) 13,472 Cecil and Ida Green Fund 1,075 — 38 44 (66) 1,091 Global Commons Project Fund 86 — 3 3 — 92 Houston Advanced Research Center 10 — — — — 10 W. K. Kellogg Foundation Fund 30,782 — 1,100 1,249 (1,882) 31,249 Current market values are reported in Schedule 1-A. 22 

SCHEDULE 1-B Endowment and Trust Investment Funds – Financial Detail of Funds for the Year Ended December 31, 2001 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Fund Fund Equity Expenditures Equity Dec. 31, Earned Realized and Dec. 31, 2000 Contributions Income Gains Transfers 2001 Kobelt Fund $ 1,419 $ — $ 52 $ 59 $ (89) $ 1,441 Andrew W. Mellon Foundation Fund 1,670 — 59 69 (104) 1,694 The Kumar and Shela Patel Endowment for U.S.-India Dialogs — 600 18 20 — 638 Frank Press Fund for Dissemination and Outreach 1,713 — 56 64 (96) 1,737 Arthur M. Sackler Colloquia of the NAS 692 625 29 14 — 1,360 Scientists and Engineers for the Future Fund 1,670 — 67 76 (115) 1,698 NAS Members Endowment(s) 416 24 15 14 (14) 455 $59,532 $3,334 $2,229 $2,445 $(3,580) $63,960 b. IOM Distinguished Scholar Fund $ 36 $ 2 $ 1 $ 1 $ — $ 40 Consequences of Uninsurance 1 6 — — — 7 Dissemination Activities 2 2 — — — 4 Food and Nutrition Board Fund 1,124 — 41 45 (75) 1,135 Food and Nutrition Board Corporations Fund 348 — 12 13 — 373 Food and Nutrition Board Members Fund 12 1 — — — 13 Howard Hughes Medical Institute Fund 9,454 — 326 373 (722) 9,431 Improving Health Policy Communication 1 3 — — — 4 Richard and Hinda Rosenthal Lecture Series — 200 6 1 3 210 Women’s Health Issues Fund 44 — 1 2 — 47 $11,022 $ 214 $ 387 $ 435 $ (794) $11,264 2. Prizes and Awards a. NAS American Psychological Association Science Directorate Fund $ 46 $ — $ 1 $ 2 $ (1) $ 48 Applied Mathematics and Numerical Analysis Fund 15 — 1 — — 16 Henryk Arctowski Fund 1,965 — 72 79 (1) 2,115 Bache Fund 288 — 11 13 (19) 293 Blaauw Fund 632 — 24 27 (40) 643 John J. Carty Fund 531 — 20 21 (1) 571 Comstock Fund 452 — 17 19 — 488 Draper Fund 220 — 7 9 (25) 211 Elliot Fund 124 — 5 5 — 134 Estes Award in Social and Behavioral Sciences 186 — 7 8 — 201 Gibbs Brothers Fund 206 — 7 9 (14) 208 Gibbs Fund 114 — 4 5 (7) 116 Current market values are reported in Schedule 1-A. 23 

SCHEDULE 1-B Endowment and Trust Investment Funds – Financial Detail of Funds for the Year Ended December 31, 2001 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Fund Fund Equity Expenditures Equity Dec. 31, Earned Realized and Dec. 31, 2000 Contributions Income Gains Transfers 2001 Ralph E. Gomory Award for the Application of Science $ 327 $ — $ 11 $ 12 $ — $ 350 Gould Fund 526 — 20 23 (34) 535 Joseph Henry Fund 342 — 14 16 (23) 349 Alexander Hollaender Award in Biophysics 229 — 8 9 (27) 219 Hunsaker Fund 244 — 9 10 — 263 Franklin Livingston Hunt Fund 126 — 4 5 — 135 Kovalenko Fund 799 2 27 32 (31) 829 Marsh Fund 149 — 6 7 (10) 152 George P. Merrill Fund 57 — 2 2 (4) 57 Monsanto Award in Molecular Biology 772 — 32 32 (34) 802 Murray Fund 152 — 5 6 (18) 145 NAS Award for Chemistry in Service to Society 285 — 10 12 (24) 283 NAS Award in Mathematics 54 — 2 2 (1) 57 NAS Award in Chemical Sciences 280 100 9 8 (26) 371 NAS Award in Neurosciences 331 — 11 13 (31) 324 NAS Fund for Sciences and Technology in International Affairs 157 — 5 6 — 168 Pradel Fund 513 — 18 20 — 551 H. P. Robertson Lectureship Fund 178 — 7 7 — 192 Helen P. Smith Fund 384 — 14 15 — 413 Mrs. J. Lawrence Smith Fund 424 — 16 17 — 457 Thompson Fund 175 — 7 7 (4) 185 Troland Fund 3,075 — 96 108 (113) 3,166 Waksman Award (6) — — — (9) (15) Walcott Fund 56 — 2 3 — 61 G. K. Warren Fund 126 — 5 5 — 136 Watson Fund 810 — 30 34 (56) 818 $15,344 $102 $546 $608 $(553) $16,047 b. IOM Gustav O. Lienhard Award $ 1,980 $ — $ 90 $ 98 $ (68) $ 2,100 Rhonda and Bernard G. Sarnat International Prize in Mental Health 1,224 — 36 39 (74) 1,225 $ 3,204 $ — $126 $137 $(142) $ 3,325 3. The National Academies’ Corporation $16,235 $435 $560 $618 $(609) $17,239 $16,235 $435 $560 $618 $(609) $17,239 4. Woods Hole Peter C. Cornell Fund $ 201 $ — $ 7 $ 8 $ (12) $ 204 J. Erik Jonsson Woods Hole Fund 3,479 — 122 138 (207) 3,532 Penzance Foundation Fund 874 — 31 35 (52) 888 Woods Hole Endowment Fund 1,218 10 36 40 (60) 1,244 Woods Hole Fund 30 — 1 1 (2) 30 Richard King Mellon Foundation Fund 158 — 5 6 (9) 160 $ 5,960 $ 10 $202 $228 $(342) $ 6,058 Current market values are reported in Schedule 1-A. 24 

SCHEDULE 1-B Endowment and Trust Investment Funds – Financial Detail of Funds for the Year Ended December 31, 2001 ($ in thousands) ENDOWMENT AND TRUST INVESTMENT POOL Fund Fund Equity Expenditures Equity Dec. 31, Earned Realized and Dec. 31, 2000 Contributions Income Gains Transfers 2001 5. Transportation Research Board Turner Award $ 40 $ — $ — $ — $ — $ 40 $ 40 $ — $ — $ — $ — $ 40 6. PNAS Billings Fund $ 484 $ — $ 18 $ 19 $ — $ 521 $ 484 $ — $ 18 $ 19 $ — $ 521 II. Funds Functioning as Endowment A. Unrestricted National Academy of Sciences Reserve Fund $ 978 $ — $ 29 $ 32 $ (49) $ 990 IOM Reserve Fund 604 — 17 19 — 640 TRB Reserve Fund 1,796 — 52 56 — 1,904 $ 3,378 $ — $ 98 $ 107 $ (49) $ 3,534 B. Restricted for a Specific Purpose Postemployment Benefits $ 746 $ — $ 24 $ 26 $ — $ 796 Henry G. Booker Fellowship Fund 23 — 1 1 — 25 Proceedings of the National Academy of Sciences Fund 2,599 — 94 102 — 2,795 TNAC Capital Fund 2,260 — 70 77 — 2,407 USNC/IAU 111 — 3 4 — 118 $ 5,739 $ — $ 192 $ 210 $ — $ 6,141 III. Restricted Contributions A. NAS 1. Program Basic Science Fund – Various $ 1 $ — $ — $ — $ — $ 1 M.E. Koshland Fund — 5,000 201 — (640) 4,561 Arthur M. Sackler Colloquia of the NAS 50 75 98 — (386) (163) Slipher Fund 169 18 3 — (202) (12) 2. Prizes and Awards Levison Memorial Fund 2 — — — — 2 Richard Lounsbery Foundation Award (23) 72 — — (77) (28) NAS Award in Scientific Reviewing (2) 14 — — (14) (2) NAS Award for Initiatives in Research (3) — — — (19) (22) NAS Libraries Project 4 — — — — 4 NAS Support Staff Award 2 — — — — 2 $ 200 $ 5,179 $ 302 $ — $ (1,338) $ 4,343 TOTAL $225,398 $10,156 $8,464 $9,109 $(13,608) $239,519 Current market values are reported in Schedule 1-A. 25 

SCHEDULE 2 Endowment and Trust Investment Pool – December 31, 2001 ($ in thousands) Balance Balance Quoted Investment Dec. 31, Dec. 31, Market Income 2000 Additions Realized 2001 Dec. 31, Year Ended (at cost) (at cost) Reductions* Gain/(Loss) (at cost)** 2001 Dec. 31, 2001 FIXED-INCOME SECURITIES (Schedule 2-A) Cash Equivalents $ 1,791 $ 5,544 $ 4,633 $ — $ 2,702 $ 2,702 $ 73 Bonds and Notes 75,281 21,476 47,187 2,162 51,732 46,739 3,838 Real Estate – Mortgages 9,801 — 1,138 — 8,663 8,663 848 Total Fixed-Income Securities $ 86,873 $ 27,020 $ 52,958 $ 2,162 $ 63,097 $ 58,104 $4,759 EQUITY SECURITIES (Schedule 2-B) 135,727 80,608 56,195 6,946 167,086 190,115 2,921 TOTAL POOLED INVESTMENTS $222,600 $107,628 $ 109,153 $ 9,108 $230,183 $248,219 $7,680 Less: Investment Advisory Fees (146) Net Investment Income $7,534 *Reductions from sales, redemptions, or payoff of mortgage. **Balance excludes short-term investments that are reported in Schedules 1-A and 1-B. 26 

SCHEDULE 2-A Endowment and Trust Investment Pool – Fixed-Income Securities December 31, 2001 ($ in thousands) Interest Quoted Rate Maturity Cost Market CASH EQUIVALENTS Fidelity Money Market Trust Variable (1) Demand $ 2,681 $ 2,681 SSGA U.S. Money Fund Variable (2) Demand 21 21 TOTAL CASH EQUIVALENTS $ 2,702 $ 2,702 BONDS AND NOTES MSIF Trust Investment Grade Fixed I Fund Variable (3) Demand $12,408 $12,203 MSIF Trust High Yield Institutional Fund Variable (4) Demand 6,618 3,997 PIMCO Total Return Fund Class A Variable (5) Demand 14,197 14,141 T. Rowe Price International Bond Fund Variable (6) Demand 2,834 2,276 Scudder Global Bond Income Fund Variable (7) Demand 3,101 2,380 State Street Bank — Demand 156 156 U.S. Treasury Securities — 05/15/23 5,998 6,468 Vanguard High-Yield Corporate Variable (8) Demand 6,420 5,118 TOTAL BONDS AND NOTES $51,732 $46,739 REAL ESTATE MORTGAGES Bank of New York 9.125% $ 7,113 $ 7,113 * Bank of New York 9.125% 1,550 1,550 * TOTAL REAL ESTATE – MORTGAGES $ 8,663 $ 8,663 * TOTAL FIXED INCOME SECURITIES $63,097 $58,104 Current yield at December 31, 2001: (1) 2.09% (5) 5.43% (2) 1.50% (6) 5.09% (3) 12.40% (7) 3.21% (4) 5.09% (8) 8.99% *Recorded at cost 27 

SCHEDULE 2-B Endowment and Trust Investment Pool – Equity Securities December 31, 2001 ($ in thousands) Number Quoted of Shares Cost Market Babson Enterprise Fund 681,587 $ 10,016 $ 10,749 Berkshire Hathaway, Inc. 258 1,128 19,505 Berkshire Hathaway, Inc. (Class B) 9 14 23 Capital International Emerging Market Fund 66,310 1,344 1,756 Chiron Corporation 9,756 205 428 Equimetrics Fund Ltd. 2,260 3,000 3,361 T. Rowe Price Science and Technology Fund 196,536 7,500 4,111 Putnam New Opportunities (Class A) 121,557 7,500 4,981 Scudder International Fund – Class S 162,951 7,114 5,974 Templeton Emerging Market Series Fund 183,626 2,007 1,484 Templeton Foreign Equity Series – Primary Shares 965,185 12,425 13,966 Vanguard European Stock Index Fund 155,403 6,895 7,383 Vanguard Index Extended Institutional Shares 612,726 18,582 14,148 Vanguard International Growth Fund 101,345 4,388 4,836 Vanguard International Value Fund 166,750 4,624 3,680 Vanguard Institutional Index Fund 296,123 12,505 31,060 Vanguard Pacific Stock Index Fund 34,150 1,500 1,465 Vanguard Small Capitalization Institutional Portfolio 653,027 14,940 12,949 Vanguard Windsor Fund 1,167,348 18,721 18,257 Credit Suisse Emerging Market Fund 190,811 2,145 1,441 Subtotal $136,553 $161,557 Hedge Funds Commonfund: Hedged Investors Company B2 1,000 $ 10,000 $ 9,900 GT Offshore Funds, Ltd. — 4,000 4,103 Ironwood Partners, L.P. — 4,000 4,053 Lexington Associates — 4,000 4,018 Subtotal $ 22,000 $ 22,074 Private Placements Belmont II Limited Partnership — $ — $ 2 Capital Z Financial Services Fund II, L.P. — 2,210 1,592 Commonfund – International Private Equity Partners III, L.P. — 210 180 Commonfund – Endowment Private Equity Partners IV, L.P. — 294 246 GS Private Equity Partners 1999, L.P. — 1,414 1,114 Insurance Partners, I — 1,331 760 MIT Private Equity Fund — 1,123 932 New Enterprise Associates — 535 107 The Investment Fund Foundation — 1,416 1,551 Subtotal $ 8,533 $ 6,484 TOTAL EQUITY SECURITIES $167,086 $190,115 28