2025-05-06T05:10:43-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 210634988 INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION INST 6097348000 1 EINSTEIN DRIVE PRINCETON NJ 08540 JANINE PURCARO COO, ASSOC DIR FIN 6097348046 2025-05-06 1 0 DANIEL ROMANO P00504182 2125990100 2023 2025-03-06 01:10:19Z DAVID NIRENBERG 1 EINSTEIN DRIVE PRINCETON NJ 08540 326420781 0 X WWW.IAS.EDU X 1930 NJ LEADING CENTER FOR THEORETICAL RESEARCH AND DISCOVERY. SEE SCHEDULE O. 25 24 568 65 -1126838 0 59475357 54298040 5067644 5644673 23852696 9543342 0 0 88395697 69486055 14040211 14012905 0 0 28282854 31562621 0 0 1785711 33172561 32751152 75495626 78326678 12900071 -8840623 1323473928 1386516593 142326159 140608940 1181147769 1245907653 X THE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLD'S LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. SEE SCHEDULE O. 0 0 41583647 14012905 5644673 SCHOOL PROGRAMS: THE WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES AND SOCIAL SCIENCES. SEE SCHEDULE O FOR FURTHER DETAILS. 41583647 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 150 0 1 568 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CA CO CT FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NY OR PA RI SC TN UT VA WI WV X JANINE PURCARO 6097348000 1 EINSTEIN DRIVE PRINCETON NJ 08540 DAVID NIRENBERG DIRECTOR/TRUSTEE 40.00 0.00 X X 867332 0 69857 JOHN OVERDECK CHAIRMAN 10.00 0.00 X X 0 0 0 NANCY B PERETSMAN VICE CHAIRMAN 10.00 0.00 X X 0 0 0 NEIL A CHRISS TREASURER 2.00 0.00 X X 0 0 0 NANCY S MACMILLAN SECRETARY 2.00 0.00 X X 0 0 0 CHARLES SIMONYI CHAIR EMERITUS/TRUSTEE 2.00 0.00 X X 0 0 0 CHRISTOPHER COLE TRUSTEE 2.00 0.00 X 0 0 0 SHIRLEY TILGHMAN TRUSTEE 2.00 0.00 X 0 0 0 VICTORIA B BJORKLUND TRUSTEE 2.00 0.00 X 0 0 0 SANDRA PETERSON TRUSTEE 2.00 0.00 X 0 0 0 MARIO DRAGHI TRUSTEE 2.00 0.00 X 0 0 0 JONATHAN NELSON TRUSTEE 2.00 0.00 X 0 0 0 MARK HEISING TRUSTEE 2.00 0.00 X 0 0 0 JEANETTE LERMAN-NEUBAUER TRUSTEE 2.00 0.00 X 0 0 0 DAVID M RUBENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 DARVD F MARQUARDT TRUSTEE 1.00 0.00 X 0 0 0 PETER SVENNILSON TRUSTEE 1.00 0.00 X 0 0 0 JORN RAUSING TRUSTEE 1.00 0.00 X 0 0 0 ANN-KRISTIN ACHLEITNER TRUSTEE 1.00 0.00 X 0 0 0 FRED HU TRUSTEE 1.00 0.00 X 0 0 0 MIKE SPEISER TRUSTEE 1.00 0.00 X 0 0 0 PAULINE YU TRUSTEE 1.00 0.00 X 0 0 0 GIGLIOLA STAFFILANI TRUSTEE 1.00 0.00 X 0 0 0 EVA MARDER TRUSTEE 1.00 0.00 X 0 0 0 WENDELL P WEEKS TRUSTEE (THRU 02/2024) 1.00 0.00 X 0 0 0 NARAYANA MURTHY TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 CARL P FEINBERG TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 BERNARD HARCOURT TRUSTEE (THRU 06/2024) 1.00 0.00 X 0 0 0 JANINE PURCARO ASSOCIATE DIRECTOR FOR FINANCE 40.00 0.00 X 472297 0 54444 ALEXANDRA DAY ASSOCIATE DIRECTOR 40.00 0.00 X 548781 0 74810 JEFFREY GATTO CHIEF INVESTMENT OFFICER 40.00 0.00 X 691347 0 53428 NATHAN SEIBERG NATURAL SCIENCE FACULTY 40.00 0.00 X 475736 0 65773 ADAM SOLAN INVESTMENT OFFICER 40.00 0.00 X 458210 0 45689 MATIAS ZALDARRIAGA NATURAL SCIENCE FACULTY 40.00 0.00 X 453023 0 75981 NIMA ARKANI-HAMED NATURAL SCIENCE FACULTY 40.00 0.00 X 447915 0 63773 4414641 0 503755 63 1 1 0 REDAPTIVE SUSTAINABILITY SERVICES LLC PO BOX 102547 PASADENA CA 91189 GEO-THERMAL CONSULTANT 1819594 VJ SCOZZARI & SONS INC 84 ROUTE 31 NORTH SUITE 201 PENNINGTON NJ 08534 GENERAL CONTRACTOR 1697408 ALBOURNE AMERICA LLC 655 MONTGOMERY ST SUITE 1910 SAN FRANCISCO CA 94111 INVESTMENT CONSULTANT 522501 KIMMEL BOGRETTE 482 NORRISTOWN ROAD SUITE 200 BLUE BELL PA 19422 ARCHITECT/ENGINEER 450500 GRANT THORNTON PO BOX 71192 CHICAGO IL 60694 ACCOUNTING SERVICES 210172 14 5611086 48686954 2507362 54298040 AUXILIARY SERVICES 532000 5644673 5644673 5644673 4713995 -1126838 5840833 261764073 256586730 347996 5177343 -347996 4829347 4829347 69486055 5644673 -1126838 10670180 101900 101900 13504855 13504855 406150 406150 2359829 709649 1330023 320157 24040421 13650607 9465846 923968 2403270 1685472 643626 74172 1169156 819957 313115 36084 1589945 1115067 425808 49070 394441 394441 216472 216472 2345616 2345616 2387212 551341 1769375 66496 1262174 240305 987174 34695 4504280 2453685 2003809 46786 2165140 1952523 212617 2511373 2121091 299883 90399 1777727 659899 1057556 60272 4407659 2752 4404907 8742781 803292 7939489 582608 582608 BOOKS & PERIODICALS 717995 710808 5850 1337 DONOR RELATIONS 135069 0 98904 36165 GAS, TIRES & SERVICES 91777 0 91777 0 EMPLOYEE WELFARE 83864 3780 76144 3940 424964 90514 292280 42170 78326678 41583647 34957320 1785711 68570 69912 9447165 12211390 24248372 35721961 913235 445254 1324554 1017155 284470696 143470759 140912982 140999937 170539568 164689699 972573202 1026026193 3446280 5335092 1323473928 1386516593 10573078 11429558 6669231 7165967 12400000 10400000 112683850 111613415 142326159 140608940 X 470534001 482761035 710613768 763146618 1181147769 1245907653 1323473928 1386516593 X -8840623 72668849 931658 X 0 1 X 1 1 1 X 31093375 50903537 39413722 59475357 54298040 235184031 31093375 50903537 39413722 59475357 54298040 235184031 77158295 158025736 1504334 -6895609 -47000 8366936 5840833 8769494 0 0 0 0 0 243953525 22286522 0.64780 0.63810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203508 X X X X 0 1125003775 35806858 78508249 48668451 1190650431 1127311614 27037562 20740121 50085522 1125003775 1125343653 22421546 13393719 33847304 1127311614 784419388 34866174 344079226 38021135 1125343653 776382578 18466830 43513262 53943282 784419388 0.37560 0.33760 0.28680 0 0 373738 373738 227817837 102821656 124996181 43109461 38094619 5014842 13169660 2554484 10615176 140999937 HEDGE & OFFSHORE FUNDS 669084784 F LIMITED PARTNERSHIPS 356941409 F 1026026193 TAXABLE BOND ISSUE & AMORT COSTS 94441718 POSTRETIREMENT BEN. OBLIGATION 14806727 ASSET RETIREMENT OBLIGATION 1277155 SPLIT INTEREST AGREEMENTS 590629 BOND SWAP LIABILITY 268934 FINANCE LEASE LIABILITY 187532 OPERATING LEASE LIABILITY 40720 111613415 X 139945825 72668849 136537 72805386 67140439 2345616 2345616 69486055 75185941 0 75185941 2345616 795121 3140737 78326678 PART X, LINE 2: UNCERTAIN TAX POSITIONS THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS LISTED IN THE INTERNAL REVENUE SERVICE PUBLICATION 78. THE INSTITUTE HAS BEEN CLASSIFIED AS A PUBLIC CHARITY UNDER SECTION 509(A) OF THE CODE. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY 136,537. PART XII, LINE 4B - OTHER ADJUSTMENTS: NET PERIODIC PENSION COST 795,121. SCHEDULE D, PART III, LINE 1A - RARE BOOK COLLECTION THE INSTITUTE HOLDS A COLLECTION OF RARE BOOKS USED TO FURTHER SCHOLARLY RESEARCH, IN ACCORDANCE WITH THE MISSION STATEMENT. A VALUATION OF THE RARE BOOK COLLECTION IS INCLUDED IN THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. SCHEDULE D, PART V, LINE 4 - ENDOWMENT FUND THE INSTITUTE'S ENDOWMENT FUNDS PROVIDE ONGOING SUPPORT FOR ITS EXEMPT PURPOSES. EACH YEAR THE INSTITUTE INCLUDES A PORTION OF ITS ENDOWMENT RETURN IN ITS OPERATING BUDGET, WITH THE AMOUNT OF SUCH PLANNED SUPPORT DETERMINED USING ITS SPENDING POLICY. THE POLICY OF THE INSTITUTE IS TO DISTRIBUTE FOR CURRENT SPENDING A PERCENTAGE OF THE FAIR VALUE OF POOLED INVESTMENTS, WHICH IS DETERMINED BY THE BOARD OF TRUSTEES ANNUALLY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS ARE PUBLISHED IN EDUCATIONAL CHRONICLES AND JOURNALS. NOTICES ARE ALSO POSTED AT COLLEGES AND UNIVERSITIES. A NONDISCRIMINATION STATEMENT CAN BE FOUND ON THE INSTITUTE'S WEBSITE. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCY GRANTS ARE RECEIVED FROM VARIOUS GOVERNMENTAL AGENCIES INCLUDING THE NATIONAL SCIENCE FOUNDATION, THE DEPARTMENT OF ENERGY, AND THE NATIONAL ENDOWMENT FOR THE HUMANITIES. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 6056 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 43672 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 583088 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 12689 NORTH AMERICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 21411 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 17338 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 6597 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 4609 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 1000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 245315 NORTH AMERICA 0 0 GRANTMAKING 159315 SOUTH AMERICA 0 0 GRANTMAKING 520 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 754032451 0 0 0 0 0 0 695460 754438601 755134061 EUROPE (INCLUDING ICELAND & GREENLAND) STIPEND PAYMENT 245315 WIRE 0 N/A N/A NORTH AMERICA STIPEND PAYMENT 159315 WIRE 0 N/A N/A 2 0 STIPEND PAYMENT EAST ASIA AND THE PACIFIC 1 1000 WIRE 0 N/A N/A STIPEND PAYMENT EUROPE (INCLUDING ICELAND & GREENLAND) 1 1000 WIRE 0 N/A N/A STIPEND PAYMENT SOUTH AMERICA 1 520 WIRE 0 N/A N/A 1 0 1 1 1 0 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS THE INSTITUTE FOR ADVANCED STUDY'S GRANTS ARE AWARDED THROUGH A HIGHLY COMPETITIVE SELECTION PROCESS. AWARDEES (REFERRED TO AS MEMBERS OF THE INSTITUTE), TYPICALLY STUDY AND RESIDE AT THE INSTITUTE'S PRINCETON, N.J. CAMPUS. EACH MEMBER IS ASSOCIATED WITH ONE OF THE INSTITUTE'S FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES, OR SOCIAL SCIENCE. THROUGHOUT THE ACADEMIC YEAR, EACH SCHOOL HAS ITS OWN SCHEDULE OF ACADEMIC ACTIVITIES, SUCH AS SEMINARS, CONFERENCES, MEMBERS' PRESENTATIONS, ETC., WHICH PROMOTE COLLABORATION AND CROSS POLLINATION OF IDEAS. INVOLVEMENT IN THESE ACTIVITIES IS A VITAL COMPONENT OF THE MEMBERS' EXPERIENCE. IN ADDITION TO THE MONITORED PARTICIPATION IN THE SCHOOLS' ACADEMIC PROGRAMS, THE MEMBERS ARE ALSO REQUIRED TO SUBMIT NARRATIVE REPORTS DESCRIBING THE RESEARCH CONDUCTED DURING THEIR APPOINTMENT WITH THE INSTITUTE. PART I, LINE 3: FOREIGN INVESTMENTS THE INVESTMENT EXPENDITURE REPORTED IN SCHEDULE F, PART I, LINE 3 COLUMN (F) IS THE MARKET VALUE AS OF JUNE 30, 2024 AS THIS IS HOW THE INVESTMENTS ARE ACCOUNTED FOR ON THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. 1 PRINCETON PUBLIC SCHOOLS 25 VALLEY ROAD PRINCETON NJ 08540 221817947 115 100000 0 GENERAL SUPPORT 1 0 FELLOWSHIP GRANTS TO MEMBERS 214 13911005 N/A N/A PART I, LINE 2: EACH YEAR, THE INSTITUTE FOR ADVANCED STUDY SELECTS APPROXIMATELY 200 MEMBERS FROM AN AVERAGE OF MORE THAN 1,500 APPLICANTS. MEMBERS ARE SELECTED BY THE FACULTY OF EACH SCHOOL, AND COME TO THE INSTITUTE FOR PERIODS AS SHORT AS ONE TERM OR AS LONG AS SEVERAL YEARS. YOUNG SCHOLARS AND APPLICANTS FROM NON-TRADITIONAL BACKGROUNDS WHO HAVE OUTSTANDING PROMISE ARE CONSIDERED, AS ARE SENIOR SCHOLARS WHOSE REPUTATIONS ARE ALREADY WELL ESTABLISHED. THE MAJOR CONSIDERATION IN THE APPOINTMENT PROCESS IS THE EXPECTATION THAT EACH MEMBER'S PERIOD OF RESIDENCE AT THE INSTITUTE WILL RESULT IN WORK OF SIGNIFICANCE AND ORIGINALITY. MANY MEMBERS PURSUE RESEARCH RELATED TO SPECIFIC INTERESTS OF ONE OR MORE OF THE FACULTY. IN OTHER INSTANCES, THE RESEARCH OF MEMBERS IS IN AREAS NOT CURRENTLY REPRESENTED BY A MEMBER OF THE FACULTY. APPLICATIONS MUST BE SUBMITTED DURING THE ACADEMIC YEAR PRECEDING THE YEAR IN MEMBERSHIP. APPLICATION MATERIALS AND GUIDELINES ARE AVAILABLE FROM EACH OF THE FOUR SCHOOLS ON OUR WEB SITE: SCHOOL OF HISTORICAL STUDIES, SCHOOL OF MATHEMATICS, SCHOOL OF NATURAL SCIENCES, AND SCHOOL OF SOCIAL SCIENCE. OUR WEB SITE ALSO CONTAINS INFORMATION ON OUR SPECIAL PROGRAMS INCLUDING: PROGRAM FOR WOMEN+ AND MATHEMATICS, IAS/PARK CITY MATHEMATICS INSTITUTE, AND PROSPECTS IN THEORETICAL PHYSICS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DAVID NIRENBERG DIRECTOR/TRUSTEE 728453 0 100000 0 38879 0 40689 0 29168 0 937189 0 0 0 JEFFREY GATTO CHIEF INVESTMENT OFFICER 684901 0 0 0 6446 0 40689 0 17626 0 749662 0 0 0 ALEXANDRA DAY ASSOCIATE DIRECTOR 336541 0 200000 0 12240 0 40689 0 36815 0 626285 0 0 0 NATHAN SEIBERG NATURAL SCIENCE FACULTY 436643 0 0 0 39093 0 40689 0 27982 0 544407 0 0 0 MATIAS ZALDARRIAGA NATURAL SCIENCE FACULTY 420316 0 0 0 32707 0 40689 0 38151 0 531863 0 0 0 JANINE PURCARO ASSOCIATE DIRECTOR FOR FINANCE 410051 0 30000 0 32246 0 40689 0 17224 0 530210 0 0 0 NIMA ARKANI-HAMED NATURAL SCIENCE FACULTY 440643 0 0 0 7272 0 40689 0 25710 0 514314 0 0 0 ADAM SOLAN INVESTMENT OFFICER 452514 0 0 0 5696 0 40689 0 8692 0 507591 0 0 0 PART I, LINE 1A HOUSING THE INSTITUTE OWNS A RESIDENCE IMMEDIATELY ADJACENT TO THE CAMPUS WHERE IT REQUIRES THE DIRECTOR TO RESIDE. IAS PROVIDES MAINTENANCE AND HOUSE-KEEPING SERVICES FOR THE PROPERTY. IAS TREATS SUCH HOUSING AS NON-TAXABLE HOUSING PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER UNDER INTERNAL REVENUE CODE SECTION 119. THE VALUE OF THE HOUSING IS INCLUDED IN THE DIRECTOR'S NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J. THE DIRECTOR ALSO RECEIVES SOME PERSONAL AND COMPANION TRAVEL, AN AUTOMOBILE, AND PROFESSIONAL FINANCIAL PLANNING SERVICES, ALL OF WHICH ARE TREATED AS TAXABLE AND INCLUDED IN HIS FORM W-2 AND SHOWN IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 NON-FIXED PAYMENTS CERTAIN INDIVIDUALS LISTED RECEIVED A BONUS REPORTED ON SCHEDULE J, PART II, COLUMN B(II). THESE BONUSES WERE APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. A NJ EDU FAC AUTH IAS ISSUE 2006 SERIES B 221829511 64605LQ92 2006-07-19 29600000 ADVANCE REFUNDING - 2001 & 1997 0 0 0 A 19200000 32214439 473908 29126092 2006 0 1 1 1 A 0 0 0 1 1 1 SEE PART VI 21.000000000000 0 0 0 1 1 A 1 SCHEDULE K, PART I: 1. BOND ISSUE A, COLUMN (F): NJ EDU FAC AUTH ISSUE 2006 SERIES B THIS ISSUE ADVANCE REFUNDED A PORTION OF THE NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY BONDS, INSTITUTE FOR ADVANCED STUDY ISSUE 1997 SERIES G AND 2001 SERIES A. SCHEDULE K, PART II, LINE 3: THE DIFFERENCE BETWEEN THE PROCEEDS LISTED IN PART II AND 3 AND THE ISSUE PRICE IN PART I COLUM (E) IS DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C: COLUMN (A) JUNE 30, 2021 FOR THE 2006 B BOND SCHEDULE K, PART IV, LINE 4B: THE HEDGE PROVIDER IS WELLS FARGO BANK. X 11 2507362 FMV 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE INSTITUTE IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I - SUMMARY THE INSTITUTE FOR ADVANCED STUDY IS A LEADING CENTER FOR THEORETICAL RESEARCH AND DISCOVERY DEDICATED TO ADVANCING THE FRONTIERS OF KNOWLEDGE ACROSS THE SCIENCES AND HUMANITIES. FORM 990, PART III, LINE 1 - ORGANIZATION MISSION "THE INSTITUTE IS PLEDGED TO ASSEMBLE A GROUP OF SCIENTISTS AND SCHOLARS WHO WITH THEIR PUPILS AND ASSISTANTS MAY DEVOTE THEMSELVES TO THE TASK OF PUSHING BEYOND THE LIMITS OF HUMAN KNOWLEDGE AND TO TRAINING THOSE WHO MAY "CARRY ON" IN THIS SENSE." MISSION STATEMENT OF THE INSTITUTE FOR ADVANCED STUDY BY FOUNDING DIRECTOR ABRAHAM FLEXNER, ORGANIZATION MEETING, OCTOBER 10, 1930. THE INSTITUTE IS A PRIVATE, INDEPENDENT ACADEMIC INSTITUTION LOCATED IN PRINCETON, NEW JERSEY. IT WAS FOUNDED IN 1930 BY PHILANTHROPISTS LOUIS BAMBERGER AND HIS SISTER CAROLINE BAMBERGER FULD, AND ESTABLISHED THROUGH THE VISION OF THE FOUNDING DIRECTOR ABRAHAM FLEXNER. PAST FACULTY HAVE INCLUDED ALBERT EINSTEIN, WHO REMAINED AT THE INSTITUTE UNTIL HIS DEATH IN 1955, AND DISTINGUISHED SCIENTISTS AND SCHOLARS SUCH AS KURT GODEL, J. ROBERT OPPENNHEIMER, ERWIN PANOFSKY, HETTY GOLDMAN, HOMER A. THOMPSON, JOHN VON NEUMANN, GEORGE KENNAN, HERMANN WEYL AND CLIFFORD GEERTZ. FORM 990, PART III, LINE 4A: PROGRAM SERVICES WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES, AND SOCIAL SCIENCE. CURRENTLY, A PERMANENT FACULTY OF TWENTY-FOUR EMINENT ACADEMICS GUIDES THE WORK OF THE SCHOOLS AND EACH YEAR AWARDS FELLOWSHIPS TO SOME 200 VISITING MEMBERS, FROM ABOUT ONE HUNDRED UNIVERSITIES AND RESEARCH INSTITUTIONS THROUGHOUT THE WORLD. DAVID NIRENBERG IS THE CURRENT DIRECTOR OF THE INSTITUTE. NIRENBERG IS A HISTORIAN WHO WAS THE FOUNDING DIRECTOR OF THE NEUBAUER COLLEGIUM FOR CULTURE AND SOCIETY, DEAN OF THE SOCIAL SCIENCES AND EXECUTIVE VICE PROVOST AT THE UNIVERSITY OF CHICAGO. AS FOUNDING DIRECTOR OF THE NEUBAUER COLLEGIUM FOR CULTURE AND SOCIETY, NIRENBERG CHAMPIONED A PROGRAM THAT AFFORDED BOTH FUNDING AND SPACE TO CATALYZE COLLABORAIONS ACROSS EVERY DIVISION, SCHOOL AND AFFILIATED LABORATORY AT THE UNIVERSITY. FOR HIS WORK, NIRENBERG HAS RECEIVED VARIOUS PRIZES AND HONORS INCLUDING THE LEOPOLD LUCAS PRIZE FROM THE UNIVERSITY OF TUBINGEN, THE RALPH WALDO EMERSON PRIZE FROM PHI BETA KAPPA, THE JOHN NICHOLAS BROWN PRIZE FROM THE MEDIEVAL ACADEMY OF AMERICA, THE HERBERT BAXTER ADAMS PRIZE AND PREMIO DEL REY PRIZE FROM THE AMERICAN HISTORICAL ASSOCIATION. THE INSTITUTE FOR ADVANCED STUDY IS DEDICATED TO THE ADVANCING THE FRONTIERS OF KNOWLEDGE ACROSS THE SCIENCES AND HUMANITIES. IN THE MORE THAN NINTEY-FOUR YEARS SINCE ITS FOUNDING, THE WORK OF THE INSTITUTE'S FACULTY AND MEMBERS HAS HAD PERMANENT IMPACT, IN BOTH INTELLECTUAL AND PRACTICAL TERMS. IN THE EARLIEST DAYS OF COMPUTING, ONE OF THE FIRST STORED-PROGRAM COMPUTERS WAS DESIGNED AND BUILT ON THE INSTITUTE'S CAMPUS, AND ITS STRUCTURE (VON NEUMANN ARCHITECTURE) HAS INFLUENCED THE DEVELOPMENT OF TODAY'S COMPUTERS AND FORMED THE MATHEMATICAL BASIS FOR COMPUTER SOFTWARE. THE FOUNDATIONS OF GAME THEORY, A POWERFUL TOOL IN ECONOMICS, WERE FORMED IN THE SCHOOL OF MATHEMATICS AT THE INSTITUTE, AND MUCH OF THE BASIS FOR MODERN THEORETICAL METEOROLOGY WAS LAID BY RESEARCH THERE. RESEARCH IN THE SCHOOL OF NATURAL SCIENCES HAS GREATLY ADVANCED PARTICLE PHYSICS, INCLUDING STRING THEORY AND ASTROPHYSICS. RESEARCH IN THE SCHOOL OF SOCIAL SCIENCE HAS WIDE-REACHING IMPACT ON THE FIELD OF GLOBAL DEVELOPMENT AND THE ANALYSIS OF CONTEMPORARY SOCIETY, TECHNOLOGY, AND SOCIAL CHANGE. BOOKS BY FACULTY IN THE SCHOOL OF HISTORICAL STUDIES HAVE BECOME KEY TEXTS IN A RANGE OF HISTORICAL DISCIPLINES AND, IN PARTICULAR, HAVE MADE ESSENTIAL CONTRIBUTIONS TO THE ESTABLISHMENT OF ART HISTORY AS A DISCIPLINE IN THE UNITED STATES. THE INSTITUTE'S MORE THAN EIGHT-THOUSAND FORMER MEMBERS HOLD POSITIONS OF INTELLECTUAL AND SCIENTIFIC LEADERSHIP THROUGHOUT THE ACADEMIC WORLD. SOME THIRTY-SIX NOBEL LAUREATES AND FORTY-SIX OUT OF SIXTY-FOUR FIELDS MEDALISTS, AND TWENTY-THREE OF THE TWENTY-SEVEN ABEL PRIZE LAUREATES, AS WELL AS MANY WINNERS OF THE PULITZER PRIZE IN HISTORY; THE WOLF, HOLBERG AND KLUGE PRIZES; AND MANY MACARTHUR AND GUGGENHEIM FELLOWS, HAVE BEEN AFFILIATED WITH THE INSTITUTE. THE INSTITUTE HAS NO FORMAL LINKS TO OTHER EDUCATIONAL INSTITUTIONS. HOWEVER, SINCE ITS FOUNDING, IT HAS ENJOYED CLOSE, COLLABORATIVE TIES WITH PRINCETON UNIVERSITY AND OTHER NEARBY INSTITUTIONS. THE ABUNDANT NATURAL BEAUTY OF THE INSTITUTE'S 800-ACRE SITE, INCLUDING THE INSTITUTE WOODS, FARM FIELDS, AND WETLANDS, FORM A KEY LINK IN A NETWORK OF GREEN SPACES IN CENTRAL NEW JERSEY. THESE LANDS, THE MAJORITY OF WHICH HAVE BEEN PERMANENTLY CONSERVED, PROVIDE A TRANQUIL ENVIRONMENT FOR THE INSTITUTE SCHOLARS AND MEMBERS OF THE COMMUNITY. IN ADDITION TO THE MAIN WORK TAKING PLACE IN THE FOUR SCHOOLS, THERE ARE SEVERAL SPECIAL PROGRAMS: THE IAS/PARK CITY MATHEMATICS INSTITUTE IS AN INNOVATIVE PROGRAM THAT INTEGRATES MATHEMATICS EDUCATION, RESEARCH AND STUDENTS; THE PROGRAM FOR WOMEN+ AND MATHEMATICS ENCOURAGES PARTICIPANTS TO PURSUE CAREERS IN MATHEMATICS; AND PROSPECTS IN THEORETICAL PHYSICS IS A SUMMER PROGRAM FOR ADVANCED GRADUATE STUDENTS AND POSTDOCS IN THEORETICAL PHYSICS. THE INSTITUTE ALSO HAS AN ARTIST-IN-RESIDENCE PROGRAM THAT PROVIDES AN ANNUAL SERIES OF CONCERTS AND LECTURES FOR THE INSTITUTE AND THE BROADER COMMUNITY. FORM 990, PART VI FORM 990, PART VI, SECTION B, LINE 14 - DOCUMENT RETENTION: UNDER THE INSTITUTE'S DOCUMENT RETENTION POLICY, THE INSTITUTE'S PRACTICE IS TO RETAIN DOCUMENTS FOR SEVEN YEARS. FORM 990, PART VI, SECTION B, LINE 11B COPY OF FORM 990 THE RETURN IS PREPARED BY GRANT THORNTON, THE INSTITUTE'S INDEPENDENT ACCOUNTING FIRM, BASED ON INFORMATION PROVIDED BY THE INSTITUTE AND IN CONSULTATION WITH THE INSTITUTE'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN CAREFULLY REVIEWED BY THE INSTITUTE'S MANAGEMENT AND STAFF. CHANGES ARE MADE AS APPROPRIATE. THE AUDIT COMMITTEE CO-CHAIR IS RESPONSIBLE FOR THE FULL, DETAILED REVIEW OF THE 990. ONCE THE CO-CHAIR HAS REVIEWED AND APPROVED THE RETURN, THE 990 IS SHARED WITH THE AUDIT COMMITTEE AND UPLOADED TO THE BOARD WEBSITE WHERE ALL TRUSTEES ARE NOTIFIED THAT IT IS AVAILABLE FOR THEIR REVIEW. THE 990 IS REVIEWED, IN ITS ENTIRETY, INCLUDING SCHEDULE B. THE TERMS OF SOME GIFTS LISTED IN SCHEDULE B REQUIRED CONFIDENTIALITY, AND THEREFORE, ALTHOUGH DONORS ARE LISTED IN THE SCHEDULE B PROVIDED TO THE BOARD, THE AMOUNTS OF THE INDIVIDUAL GIFTS ARE NOT. FORM 990, PART VI, SECTION B, LINE 12C COI POLICY PURSUANT TO THE BYLAWS, EACH TRUSTEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY WHICH COMMITS THEM TO DISCLOSING, IN THE COURSE OF THEIR PARTICIPATION IN DELIBERATIONS OF THE BOARD OF TRUSTEES OR ITS COMMITTEES, ANY CONFLICTS OF INTEREST WITH RESPECT TO MATTERS UNDER CONSIDERATION. EACH TRUSTEE (INCLUDING ANY IDENTIFIED AS AN INTERESTED PERSON IN PART IV OF SCHEDULE L), THEREFORE, WILL RECUSE HIMSELF/HERSELF FROM ANY BOARD OR COMMITTEE MEETING AS REQUIRED TO AVOID A CONFLICT GENERATED BY ANY MATERIAL FINANCIAL INTEREST, AFFILIATION OR OTHER MATERIAL RELATIONSHIP OR INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FOR ALL STAFF POSITIONS THE INSTITUTE'S POLICY IS TO PAY REASONABLE COMPENSATION UNDER SECTION 4958 TO ATTRACT AND RETAIN A HIGH CALIBER OF EMPLOYEES TO CARRY OUT ITS EDUCATIONAL MISSION. THE INSTITUTE PERIODICALLY CONDUCTS A REVIEW TO DETERMINE THE REASONABLE COMPENSATION RANGES FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, AND SETS COMPENSATION WITHIN THE RANGE OF REASONABLE COMPENSATION. NO INTERESTED PARTY IS PERMITTED TO PARTICIPATE IN ANY REVIEW OR DECISION. THE LAST REVIEW BY AN EXTERNAL ADVISOR WAS PERFORMED IN 2024. FOR DIRECTOR AND ASSOCIATE DIRECTORS: THE INSTITUTE PARTICIPATES IN A SURVEY OF TOP ADMINISTRATIVE POSITIONS AT SIMILAR INSTITUTIONS EVERY 24 MONTHS OR OBTAINS UPDATED INFORMATION FROM THE FORM 990 FROM SIMILAR INSTITUTIONS TO GATHER COMPENSATION DATA. THIS SURVEY, CONDUCTED BY WHITE AND GALE, REVIEWS CASH AND NON-CASH COMPENSATION BENEFITS AND TRENDS. BASED ON THIS SURVEY DATA, THE ASSOCIATE DIRECTOR FOR FINANCE AND ADMINISTRATION, ALONG WITH THE CHIEF HUMAN RESOURCES OFFICER, PREPARES A MEMO FOR THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WITH DATA FROM THE SURVEY AND, GENERALLY, A RANGE OF POSSIBLE RECOMMENDATIONS FOR THE SALARY ACTION FOR THE DIRECTOR. FOR THE TWO ASSOCIATE DIRECTORS' SALARIES, THE DIRECTOR, ALONG WITH THE CHIEF HUMAN RESOURCES OFFICER, PREPARES A MEMO FOR THE BOARD, AGAIN WITH DATA FOR COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS, AND THE DIRECTOR MAKES A RECOMMENDATION ON THE SALARY INCREASE FOR EACH OF THESE POSITIONS. FOR THE COMPENSATION COMMITTEE OF THE BOARD, WHICH IS COMPRISED OF INDEPENDENT PERSONS, REVIEWS THE RECOMMENDATIONS AND DETERMINES THE ACTIONS TO BE TAKEN. THE COMMITTEE DOCUMENTS ITS DECISIONS ON THE DIRECTOR IN WRITING TO THE ASSOCIATE DIRECTOR FOR FINANCE AND ADMINISTRATION. THE COMMITTEE DOCUMENTS ITS DECISIONS ON THE ASSOCIATE DIRECTORS IN WRITING TO THE DIRECTOR. FOR INVESTMENT OFFICE: THE INSTITUTE PARTICIPATES IN A SURVEY ANNUALLY CONDUCTED BY AON MCLAGON AND/OR MERCER FOR INVESTMENT OFFICES OF FOUNDATIONS AND UNIVERSITIES. THE SURVEY PROVIDES WAGES AND BENEFITS (INCLUDING INCENTIVE STRUCTURES) FOR KEY INVESTMENT OFFICE PERSONNEL AT INSTITUTIONS WITH ENDOWMENTS COMPARABLE IN SIZE AND COMPLEXITY TO THE INSTITUTE. THE ASSOCIATE DIRECTOR FOR FINANCE AND ADMINISTRATION RECOMMENDS SALARY INCREASES FOR THE KEY POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS THE ORGANIZATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE INSTITUTE'S WEBSITE. FORM 990, PART VI, LINE 6 - MEMBERS: THE CORPORATION HAS NO MEMBERS. ITS BOARD OF TRUSTEES OVERSEES AND IS RESPONSIBLE FOR THE AFFAIRS AND OPERATIONS OF THE CORPORATION. NEW TRUSTEES ARE ELECTED BY THE CURRENT TRUSTEES OF THE INSTITUTE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BOND SWAP 136,537. NET PERIODIC PENSION COST 795,121. IAS-POOLED INCOME FUND 1 EINSTEIN DRIVE PRINCETON NJ 08540 226439543 CHARITABLE NJ IAS T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PART IV: THE INSTITUTE HAD AN INTEREST IN THE POOLED INCOME FUND DURING THE TAX YEAR, HOWEVER, THE ACCOUNT CLOSED BEFORE THE YEAR END, HENCE THE AMOUNTS REPORTED IN COLUMNS (G) AND (H) ARE ZERO.