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Treasurer's Statement
Pages 1-8

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From page 1... ... Koshland continued his support of the Notable among the Alberts Fund support were gifts from Marian Koshland Science Museum (KSM) with an Academy members Roy Vagelos, Corey Goodman, Carl endowment gift of $5 million, made in honor of Wieman, David Goeddel, Robert Haselkorn, James Bruce Alberts' service as NAS President, to support Watson, and Keith Yamamoto. Read the entire page →
From page 2... ... To achieve this goal, The National Academies received grants from more than the NAS Council, acting on the recommendation of the 60 private and corporate foundations during 2005. Finance Committee, has adopted a spending limitation Notable among these, a grant from the Gordon and Betty designed to maintain the purchasing power of the Moore Foundation will help plan a broad-based initiative endowment over time by reinvesting a portion of the to build the indigenous scientific, engineering, and annual total investment return. Read the entire page →
From page 3... ... within the NAS portfolio. The next chart presents the investment structure adopted Market values of the Endowment and Trust Investment by the NAS Finance Committee in 1995 for its asset Pool, after withdrawals, for the years ended December 31, allocation strategy and compares this target to the 2005 and 2004, are displayed in the following chart: portfolio allocation at December 31, 2005. Read the entire page →
From page 4... ... fund IOM, Woods Hole, and TNAC activity. Revenue: Unrestricted Endowment $ 4,228 Woods Hole Endowment 283 Prize and Award Trust Funds Annual Giving from Members 246 Membership Dues 150 Annual Meeting � Several award trust funds have existed for more than 156 Capital Investment Incentive 371 100 years, while others were established more Short-Term Investment Interest, recently. Read the entire page →
From page 5... ... Department of Education 1,313 Department of Energy 7,766 We continue to explore the facility options available to Department of Health and Human Services 24,182 the Academy, so that when the Green Building lease Department of Homeland Security 995 expires in the middle of 2007, the staff currently there Department of Housing and Urban Development 656 Department of the Interior 2,732 may be relocated to adequate office space. Currently, Department of Justice 666 senior management is in discussions with District of Department of State 3,322 Columbia agencies regarding the possibility of developing Department of Transportation 51,107 space that is over the fire station adjacent to the Keck (continued on next page) Read the entire page →
From page 6... ... � The other contributions revenue increased from $7.2 million in 2004 to $11.9 million in 2005. This in- � The financial activity and results of the National crease is primarily attributable to the fund drive for Academy of Engineering, the National Academy of development of sustainability science and the corre- Engineering Fund, and the National Academies sponding matching gift from the George and Cynthia Corporation (Beckman Center) Read the entire page →
From page 7... ... With regard to the NAS, the Total Revenues $ 302.8 $ 285.8 Total Expenses 266.0 254.4 endowment outperformed the benchmark again this year, Change in Net Assets $ 36.8 $ 31.4 the General Fund was able to provide a necessary cushion for ongoing operations, and the NAS continued to enjoy important financial support from members, friends, and Each year, the overall financial condition of the NAS can philanthropic organizations. As has been the case for a be reviewed by taking into account the increase or number of years, our internal and external auditing decrease in the net assets of the organization. Read the entire page →

From page 1...

... Koshland continued his support of the Notable among the Alberts Fund support were gifts from Marian Koshland Science Museum (KSM) with an Academy members Roy Vagelos, Corey Goodman, Carl endowment gift of $5 million, made in honor of Wieman, David Goeddel, Robert Haselkorn, James Bruce Alberts' service as NAS President, to support Watson, and Keith Yamamoto.

Read the entire page →

From page 2...

... To achieve this goal, The National Academies received grants from more than the NAS Council, acting on the recommendation of the 60 private and corporate foundations during 2005. Finance Committee, has adopted a spending limitation Notable among these, a grant from the Gordon and Betty designed to maintain the purchasing power of the Moore Foundation will help plan a broad-based initiative endowment over time by reinvesting a portion of the to build the indigenous scientific, engineering, and annual total investment return.

Read the entire page →

From page 3...

... within the NAS portfolio. The next chart presents the investment structure adopted Market values of the Endowment and Trust Investment by the NAS Finance Committee in 1995 for its asset Pool, after withdrawals, for the years ended December 31, allocation strategy and compares this target to the 2005 and 2004, are displayed in the following chart: portfolio allocation at December 31, 2005.

Read the entire page →

From page 4...

... fund IOM, Woods Hole, and TNAC activity. Revenue: Unrestricted Endowment $ 4,228 Woods Hole Endowment 283 Prize and Award Trust Funds Annual Giving from Members 246 Membership Dues 150 Annual Meeting � Several award trust funds have existed for more than 156 Capital Investment Incentive 371 100 years, while others were established more Short-Term Investment Interest, recently.

Read the entire page →

From page 5...

... Department of Education 1,313 Department of Energy 7,766 We continue to explore the facility options available to Department of Health and Human Services 24,182 the Academy, so that when the Green Building lease Department of Homeland Security 995 expires in the middle of 2007, the staff currently there Department of Housing and Urban Development 656 Department of the Interior 2,732 may be relocated to adequate office space. Currently, Department of Justice 666 senior management is in discussions with District of Department of State 3,322 Columbia agencies regarding the possibility of developing Department of Transportation 51,107 space that is over the fire station adjacent to the Keck (continued on next page)

Read the entire page →

From page 6...

... � The other contributions revenue increased from $7.2 million in 2004 to $11.9 million in 2005. This in- � The financial activity and results of the National crease is primarily attributable to the fund drive for Academy of Engineering, the National Academy of development of sustainability science and the corre- Engineering Fund, and the National Academies sponding matching gift from the George and Cynthia Corporation (Beckman Center)

Read the entire page →

From page 7...

... With regard to the NAS, the Total Revenues $ 302.8 $ 285.8 Total Expenses 266.0 254.4 endowment outperformed the benchmark again this year, Change in Net Assets $ 36.8 $ 31.4 the General Fund was able to provide a necessary cushion for ongoing operations, and the NAS continued to enjoy important financial support from members, friends, and Each year, the overall financial condition of the NAS can philanthropic organizations. As has been the case for a be reviewed by taking into account the increase or number of years, our internal and external auditing decrease in the net assets of the organization.

Read the entire page →

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Treasurer's Statement Pages 1-8

Treasurer's Statement
Pages 1-8