National Academies Press: OpenBook

Report of the Treasurer to the Council 1995-1996 (1996)

Chapter: Equity in Endowment and Trust Investment Funds-Description of Funds

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Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
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Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
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Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
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Page 12
Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
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Page 13
Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
×
Page 14
Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
×
Page 15
Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
×
Page 16
Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
×
Page 17
Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
×
Page 18
Suggested Citation:"Equity in Endowment and Trust Investment Funds-Description of Funds." National Research Council. 1996. Report of the Treasurer to the Council 1995-1996. Washington, DC: The National Academies Press. doi: 10.17226/9238.
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Page 19

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SCHEDULE 1 Capital Contribution Column 2 of Schedule 1A .) Equity in Endowment and Trust Funds of the NAS and TOM for the Year Ended June 30, 1996 1. ENDOWMENT A. Unrestricted 1. NAS Agassiz Fund - Bequest of Alexander Agassiz, a member of the Academy. 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 Permanently Temporarily Restricted Restricted Unrestricted $so,ooo 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. 3,27s,000 Commonwealth Fund - A grant of the Commonwealth Fund for capital endow ment of the Academy. Carl Eckart Fund - Bequest of Carl Eckart received for the general purposes of the Academy. Ford Foundation Fund - A grant of the Ford Foundation for capital endowment of the Academy. Henrietta and Alexander Hollaender Fund - A bequest to the Academy from Dr. Alexander and Mrs. Henrietta Hollaender. Gravce B. Kerr Fund - A grant from Grayce B. Kerr Fund for the general pur poses of the Academy. Nealley Fund - Bequest of George True Nealley for the general purposes of the Academy. Simon Ramo Fund - A gift from Simon Ramo for the general purposes of the Academy. Rockefeller Foundation Fund - A grant of The Rockefeller Foundation to the National Academy of Sciences for general purposes. Dorothea and Herbert Simon Fund - A gift from Dorothea and Herbert Simon for the general purposes of the Academy. Sloan Foundation Endowment Fund - A grant of the Alfred P. Sloan Founda tion for the general purposes of the Academy. Amy Prudden Turner Fund - Bequest of Amy Prudden Turner for the general purposes of the Academy to serve as a memorial to her husband Scott and herself. Anonymous Endowment Fund - A gift for the general purposes of the Acade my from a donor who wishes to remain anonymous. General Endowment Fund - Bequest of David Lloyd Fillman and others for the general purposes of the Academy. By action of the Council, the Internation al Critical Tables was transferred into this fund during fiscal 1976 and the proceeds from the sale of the Audubon Folios were transferred in fiscal 1981. Members Endowment Fund - Contributions from various members to be used for the general purposes of the Academy. National Academy of Sciences Reserve Fund Sub-total 10 soo,ooo s,ooo,ooo 250,000 19,556 14,000 159,693 1,000,000 7,146,660 2,122,978 19,537,887 458,596 500,000 ,000,000 29,662 3,149,745 1,000,000 6,138,003

SCHEDULE 1 Equity in Endowment and Trust Funds of the NAS and TOM for the Year Ended June 30, 1996 2. IOM General Endowment Fund - Contributions from various sources, including members of the Institute of Medicine, for capital endowment of the IOM. 470,65 Robert Wood Johnson Foundation Fund - An endowment grant, the income from which is to be used for core support of the Institute of Medicine. 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 trans fer of $250,000 as a matching contribution to the endowment contribution to the IOM's Food and Nutrition Board. John D. and Catherine T. MacArthur Foundation Fund - A grant to be used Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 5,000,000 488,48s 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 Endowment Fund - Contributions of $250 000 over a period of , , five years, from Glaxo, Inc. and $10,000 from Eli Lilly Company, income to be used for the general purposes of the Institute of Medicine. Miscellaneous Private Sector - Contributions of Kaiser Permanente to be used for the core support requirements of the Institute of Medicine. Sub-total B. Restrictedfor Specific Purpose 1. Program a. WAS 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. 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 engi . . . . . neer~ng In all its applications. Cecil and Ida Green Fund - A gift from Cecil and Ida Green to support activ ities and studies by the academy directed towards improved national pol icy making in the areas involving science and technology. Blakeslee Fund - Bequest of Albert Francis Blakeslee, the income of which is to be used in support of genetics research. 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. 259,448 26?346 1 1,244,930 500,000 258,08 1 467,256 886~902 2,662,5 14 11

SCHEDULE 1 J Equity in Endowment and Trust Funds of the NAS and TOM for the Year Ended June 30, ·996 Global Commons Project Fund - Is a multi-year research program to develop a sound and realistic approach to sustainable development. Current sup- port primarily comes from the endowment income from the Academy and a grant from George P. Mitchell. 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 com- munications, and individuals; such as, enhancing the quality of U.S. edu- cation, assuring access to quality health care in an era of rapidly rising cost, assessing the role of biotechnology in the future of agriculture, and . . ~ . . similar Issues as they anse. Kobelt Fund - Bequest of Nina I. Kobelt to be used for research scholarships for worthy students. Andrew W. Mellon Foundation Fund - A grant from the Andrew W. Mellon Foundation to endow a program of Academy-initiated studies. Frank Press Fund for Dissemination and Outreach - Established with contn- butions from members of The Presidents' Circle of the NAS and the IOM, the income from the Fund is to support a variety of dissemination and out- reach activities that seek to share Academy complex knowledge and resources with the policy-making community and the general public. Scientists and Engineers for the Future Fund - Contribution from an individ ual who wishes to remain anonymous. The income from this fund is used for support of educational projects focused on maintaining the health of American Science and Technology by ensuring adequate supply of well- prepared American scientists and engineers for the future. Arts in the Academy Fund - Contributions from various sources for sponsor- ing free cultural programs of merit for local residents and for providing a platform for musicians and artists. Biolo BY and Biotechnolo,gy 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-disci plinar-Y aspects and those involving the interface of science, technology, and commerce and used for dissemination and outreach efforts that seek to inform policy makers about the findings of the results. The Coca-Cola Foundation Fund - A grant to be used for initiatives in precollege science and mathematics education. Post Retirement Benefits Post Employment Benefits State Street Fund Sub-total b. NAS - Member Endowments Anthropology Fund Board on Chemical Sciences Fund 12 Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 39,058 20,000,000 ,000,000 1,088,879 ,000,000 3,934 420,232 50,000 296,593 122,000 1,620,000 562,000 28,376,856 418,593 2,182,000 250 31,050

SCHEDULE 1 Equity in Endowment and Trust Funds of the NAS arid IOM for the Year Ended June 30, 1996 Board on Earth Sciences Fund Board on Mathematical Sciences Fund Board on Physical Sciences Fund Board on Physics and Astronomy Fund Committee on Human Rights Fund Committee on International Security and Arms Control Fund Committee on Life Sciences Fund Embryology Fund Environmental Studies Fund Math and Science Education Endowment Fund NAS Class I Fund Section 14 Chemistry Discretionary Fund The Family and Community Well-Bein-g Fund Abel Wolman Lecture Fund Sub-total c. IOM 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. Food and Nutrition Board Fund - Grant of $250,000 to the Institute of Medi cine as a contribution to the endowment fund to support core activities of the Food and Nutrition Board. This award was contingent upon the Insti tute of Medicine transferring a matching amount from the 1986 unre stricted contribution from Kaiser Family for general core support of the Institute. Further contributions to the FNB endowment would be matched by one to two dollars from the earlier grant. 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 venous mem bers to be used for general purposes of the Food and Nutrition Board. 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. Women's Health Issues Fund Contribution from Syntex (U.S.A.) Inc. to be used for purposes related to women's health issues. Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 2,025 1,300 450 100 46,376 23,800 9,965 976 200 400 750 10,600 1,000 200 129,442 11,750 Sub-total . . . 525,000 2,200 5,000,000 20,000 5,683,950 13

SCHEDULE 1 Equity in Endowment and Trust Funds of the NAS and IOM for the Year Ended June 30, 1996 Prizes and Awards a. NAS American Psychological Association Science Directorate Fund - A gift from the APA to conduct activities that will help inform the public of the knowledge base, a value and importance of behavioral science research. 30,000 Applied Mathematics and Numerical Analysis Fund - Gift of the Internation al Business Machines Corporation to support the NAS Award in Applied Mathematics and Numerical Analysis by an award of $5,000 approxi mately every 3 years. The fund principal is not restricted. Henryk Arctowski Fund - Bequest of Jane Arctowski in memory of her hus band 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. Bache Fund - Bequest of Alexander Dallas B. ache, a member of the Academy, to aid researchers in physical and natural sciences. Blaauw Fund - Bequest of Marianne Blaauw to establish the Edmond and Marianne Blaauw Fund to support research in the field of ophthalmology. John J. Cartv Fund - Gift of the American Telephone and Telegraph Company in recognition of the distinguished achievements of John J. C arty, and as a last ing 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. Comstock Fund - Gift of General Cyrus B. Comstock, a member of the Acad emy, to promote research in electricity, magnetism, or radiant energy through the Comstock Prize to be awarded for notable investigations. 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 award ed for notable investigations in astronomical physics; the balance of income is applied to aid research in this science. 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. 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 contribu tions 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 Com mission on Behavioral and Social Sciences and Education. 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. 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 pro motion of research in chemistry. . 14 Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 95,736 60,000 71,299 25,000 10,400 6,000 8,000 79,849 24,000 5,173

SCHEDULE 1 Equity in Endowment and Trust Funtls of the NAS and IOM for the Year Ended June 30, 1996 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. Gould Fund - Gift of Mrs. Alice B. ache Gould in memory of her father, a for- mer member of the Academy, for the promotion of research in astronomy, bequest of $20,000 from the estate of Alice B. ache Gould received in 1954, and bequest of $10,000 from the estate of Elizabeth Chandler Hock- ley in 1979. 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 Alexander Hollaender Award in Biophysics - A bequest of Alexander Hol- laender. The income from which is to be used to provide a prize to an out- standing biophysicist. The prize is to be given at the Annual Meeting of the Academy, with selection of the recipient at the Academy's discretion. Hunsaker Fund - Gift of Mr. and Mrs. J. C. Hunsaker to found an Academy award in the field of aeronautical engineering. 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 accom- plishment in scientific research. 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. Marsh Fund - Bequest of Othniel Charles Marsh, a member of the Academy, to promote original research in the natural sciences. 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. Monsanto Award in Molecular Biology - A grant from the Monsanto Compa- ny for an award to be given in recognition of contributions in the field of molecular biology. 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. National Academy of Sciences Award for Chemistry in Service to Society - Established by the E. I. duPont de Nemours & Company to recognize con- tributions 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. National Academy of Sciences Award in Mathematics - Established by the American Mathematical Society for a prize to be awarded every 4 years in mathematics. Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 179,046 50,000 39,740 00,000 24,750 10,465 44,086 0,000 10,000 421,374 6,000 181,838 15

SCHEDULE 1 Equity in Endowment and Trust Funds of the NAS and TOM for the Year Ended June 30, 7996 National Academy of Sciences Award in Neuroscience - Established by the Fidia Research Foundation for an award in neuroscience, to be given every 3 years. National Academy of Sciences Fund for Sciences and Technology in Interna- tional Affairs - Contributions from Cecil and Ida Green, J. Erik Jonsson, Jerome B. Wiesner, and Academy sources to establish the National Acad- emy of Sciences Fund for Sciences and Technology in International Affairs in honor of Walter A. Rosenblith Pradel Fund - A bequest of Jules Pradel to be applied to work on the human central nervous system and allied subjects. H.P. Robertson Lectureship Fund - Contributions by friends of H. P. Robert- son, 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. Helen P. Smith Fund - A bequest of Helen P. Smith in memory of her husband, Gilbert Morgan Smith, to establish a tri-annual medal and honorarium to be conferred in recognition of published research in marine and freshwa- ter algae. 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. Thomnson Fund - Gift of Mrs. Mary Clark Thompson for a gold medal of appropriate cosign, to be known as the Mary Clark Thompson Gold Medal, to be awarded for important services to geology and paleontology. Troland Fund - Bequest of Leonard T. Troland to be known as the Troland Foundation for Research in Psychophysics. The income is to be expend- ed with a view to the actual advancement of scientific knowledge within the field of psychophysics. Waksman Fund - Gift of the Foundation for Microbiology for an award of $5,000 every 2 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 for- mer member and president of the Academy, for the award of medals and honoraria to persons, the results of whose published research, explo- rations, and discoveries in pre-Cambrian or Cambrian life and history shall be judged most meritorious; the award to be known as the Charles Doolittle Walcott Medal G.K. Warren Fund - Gift of Miss Emily B. Warren in memory of her father, a member of the Academy, the income to be used for an award to be known as the G. K. Warren Prize in any field of science. - 16 Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 40,206 49,1 19 16,392 20,325 67,107 8,000 10,000 sos,3ss s,ooo 5,000

SCHEDULE 1 Equity in Endowment and Trust Funds of the NAS and TOM for the Year Ended June 30, 1996 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. Sub-total b. IOM 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. Rhoda and Bernard G. Sarnat International Prize in Mental Health - A grant from Rhoda and Bernard G. Sarnat for the purpose of honoring an indi- vidual, group, or organization for distinguished accomplishments in the field of mental health. Sub-total 3. The National Academies Corporation (TNACJ - An endowment from The Arnold and Mabel Beckman Foundation for operating and program uses. The Beckman endowment is invested by NAS on behalf of TNAC. Sub-total 4. Woods Hole Peter C. Cornell Trust Fund - To memorialize Detlev W. Bronk, a former mem ber 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. 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,s00 Penzance Foundation Fund - A grant for the J. Erik Jonsson Woods Hole Study Center especially for support of the property's Clark Carnage House. Woods Hole Fund - Contributions from various individuals for maintenance of the Woods Hole Study Center. 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. Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 25,000 2,354,264 1,200,000 1,200,000 11,340,737 Sub-total . - , 502,500 15,178 50,000 2,570,178 00 000 17

SCHEDULE 1 Equity in Endowment and Trust Funds of the NAS and TOM for the Year Ended June 30, 1996 5. PANS Billings Fund - Bequest of Mrs. Mary Ann Palmer Draper (Mrs. Henry Draper) to support the publication of the Proceedings of the National Academy of Sciences or for other purposes to be detennined by the Academy. Sub-total II. FUNDS FUNCTIONING AS ENDOWMENT A. NAS - Prizes and Awards 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. Sub-total B. PNAS Proceedings of ~ National Academy of Sciences Fund Sub-total C. TNAC Capital Fund Sub-total 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. . 18 Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 50,102 50,102 15.162 15,162 ,000,000 ,000,000 827,278 827,278

SCHEDULE 1 Equity in Endowment and Trust FUMES of the NAS and TOM for the Year Ended June 30, 1996 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 Val- ley National Bank, Phoenix, Arizona, which makes periodic income dis- tributions to the Academy. Income distributions may be fully disbursed by the Academy in the year of receipt. 2. Prizes and Awards Levison Memonal Fund - Contnbutions from venous sources established by the Council of the National Academy of Sciences to encourage staff devel- opment, training, and commitment within the Commission on Behavioral and Social Sciences and Education (CBASSE). Funds will be made avail- able on a case-by-case basis as supplemental support for development activities. A prize may be awarded to CBASSE staff who exert notable and unusual effort toward improving the quality of working life in CBASSE. Richard Lounsbery Foundation Award - An annual award of $50,000 estab- lished by Mrs. Vera Lounsbery in memory of her husband, Richard Louns- bery, given in alternate years to a young French or American researcher in biology or medicine. The laureate is selected by a jury composed of mem- bers 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 contnbut- ing to the biological understanding of man and to the improvement and welfare of mankind. The recipient is given a 3-year option on an additional $20,000, which may be used to pursue research in the opposite country. NAS Award for Initiatives in Research - Established by Bell Telephone Laborato- nes in honor of William O. Baker, to recognize innovative young scientists and encourage research likely to lead toward new capabilities for human benefit. These annual contributions may be fully disbursed in the year of the award. NAS Award in Chemical Sciences - Established by the Occidental Petroleum Corporation in honor of Armand Hammer. These annual contributions may be fully expended for the intended purpose. NAS Award in Scientific Reviewing - Funds contributed by Annual Reviews, Inc., and the Institute for Scientific Information in honor of James Mur- ray 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 fel- low scientists in the writing of outstanding scientific reviews. These annual contributions may be fully disbursed in the year of award. NAS Support Staff Award - Contributions from various sources for annual awards for outstanding members of the National Research Council's administrative staff. These contributions may be fully disbursed in the year of the award. Grand Total Capital Contribution Column 2 of Schedule 1A Permanently Temporarily Restricted Restricted Unrestricted 81,503,508 2,345,871 8,320,003 Note: Items which have a " " in the Capital Contribution column are those with no contribution this year. but have activity in the investment pool. In most cases, there is short-term investment activity. Certain of these funds will not have invested contributions since the sponsors pay annually based on the cost of the award as billed to them by NAS. 19

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