2022-05-16T09:01:54-05:00 2021-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2020-07-01 210634988 INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION INST 6097348200 1 EINSTEIN DRIVE PRINCETON NJ 08540 JANINE PURCARO COO, ASSOC DIR FIN 6097348046 2022-05-12 1 JANINE PURCARO 999009999 PHILLIP GROFF - KPMG LLP P01247783 2127589700 2022-05-12 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JANINE PURCARO 1 EINSTEIN DRIVE PRINCETON NJ 08540 380685442 0 X WWW.IAS.EDU X 1930 NJ PURSUIT OF ADVANCED LEARNING AND EXPLORATION IN FIELDS OF PURE SCIENCE. SEE SCHEDULE O. 29 28 426 71 0 0 31093375 50903537 3986852 2943144 9838929 4336157 0 -371060 44919156 57811778 12716183 11975984 0 0 37734082 31107197 0 0 1782458 27181104 23177601 77631369 66260782 -32712213 -8449004 964874966 1299707272 135511296 130827743 829363670 1168879529 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 33242545 11969734 2569817 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. 33242545 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 1 X 99 0 1 426 1 1 1 1 CJ VI MP BF BD 0 0 0 0 0 0 0 0 1 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AK AR CA CT DC FL GA HI IL KS KY MD MA MI MN MS NC NH NM NY OK OR PA RI SC TN UT VA WV WI X JANINE PURCARO 6097348000 1 EINSTEIN DRIVE PRINCETON NJ 08540 ROBBERT DIJKGRAAF DIRECTOR / TRUSTEE 40.00 0.00 X 694977 0 80867 CHARLES SIMONYI 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 CHRISTOPHER COLE TRUSTEE 2.00 0.00 X 0 0 0 SHIRLEY TILGHMAN TRUSTEE 4.00 0.00 X 0 0 0 VICTORIA B BJORKLUND TRUSTEE 2.00 0.00 X 0 0 0 ROGER W FERGUSON JR TRUSTEE 2.00 0.00 X 0 0 0 SANDRA PETERSON TRUSTEE 2.00 0.00 X 0 0 0 AFSANEH BESCHLOSS TRUSTEE 2.00 0.00 X 0 0 0 JOHN OVERDECK TRUSTEE 4.00 0.00 X 0 0 0 JONATHAN NELSON TRUSTEE 2.00 0.00 X 0 0 0 MARK HEISING TRUSTEE 4.00 0.00 X 0 0 0 NARAYANA MURTHY TRUSTEE 1.00 0.00 X 0 0 0 DAVID M RUBENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 MARIO DRAGHI TRUSTEE 1.00 0.00 X 0 0 0 JEANETTE LERMAN-NEUBAUER TRUSTEE 1.00 0.00 X 0 0 0 DAVID F MARQUARDT TRUSTEE 1.00 0.00 X 0 0 0 MANJUL BHARGAVA TRUSTEE 1.00 0.00 X 0 0 0 PETER SVENNILSON TRUSTEE 1.00 0.00 X 0 0 0 MARTIN REES TRUSTEE 1.00 0.00 X 0 0 0 EWINE F VAN DISHOECK 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 BERNARD HARCOURT TRUSTEE SINCE 5/2021 1.00 0.00 X 0 0 0 FRED HU TRUSTEE SINCE 5/2021 1.00 0.00 X 0 0 0 MIKE SPEISER TRUSTEE SINCE 5/2021 1.00 0.00 X 0 0 0 PAULINE YU TRUSTEE SINCE 5/2021 1.00 0.00 X 0 0 0 E ROBERT FERNHOLZ TRUSTEE UNTIL 5/2021 1.00 0.00 X 0 0 0 VEENA DAS TRUSTEE UNTIL 5/2021 1.00 0.00 X 0 0 0 LORRAINE DASTON TRUSTEE UNTIL 5/2021 1.00 0.00 X 0 0 0 R MARTIN CHAVEZ TRUSTEE UNTIL 5/2021 1.00 0.00 X 0 0 0 JANINE PURCARO ASS DIR FOR FINANCE 40.00 0.00 X 363992 0 52065 ELIZABETH B WOOD ASS DIR FOR DEV 40.00 0.00 X 424511 0 69889 MARK BAUMGARTNER CHIEF INVSTMT OFFICER UNTIL 11/2020 40.00 0.00 X 1566881 0 64828 JEFFREY GATTO INVESTMENT DIRECTOR 40.00 0.00 X 827290 0 49715 MATIAS ZALDARRIAGA NATURAL SCIENCE FAC 40.00 0.00 X 465551 0 66936 JAMES STONE NATURAL SCIENCE FAC 40.00 0.00 X 446021 0 59713 CAMILLO DE LELLIS MATHEMATICS FAC 40.00 0.00 X 421310 0 67889 5210533 0 511902 65 0 1 0 WS CUMBY INC 938 LINCOLN AVENUE SPRINGFIELD PA 19064 GENERAL CONTRACTOR 1023033 SWEETWATER CONSTRUCTION CORP PO BOX 5297 NORTH BRANCH NJ 08876 GENERAL CONTRACTOR 736266 CONTINENTAL RESOURCES INC PO BOX 4196 BOSTON MA 02211 COMPUTER EQUIPMENT 435090 ALBOURNE AMERICA LLC 655 MONTGOMERY ST SUITE 1910 SAN FRANCISCO CA 94111 CONSULTANT 403333 KPMG LLP PO BOX 120511 DALLAS TX 75312 ACCOUNTANT 298038 15 2005780 4733371 44164386 3211789 50903537 AUXILIARY SERVICES 532000 2943144 2569817 373327 2943144 -6895609 -6895609 332397452 1241418 321637671 769433 10759781 471985 11231766 11231766 95500 2005780 466560 -371060 -371060 57811778 2569817 0 4338424 306250 306250 10591996 10591996 1077738 1077738 1516677 169750 876750 470177 22071744 12940082 8149623 982039 2258632 1587375 578228 93029 3891895 124054 3760571 7270 1368249 961610 350283 56356 283063 283063 305038 305038 2640397 2640397 1534834 451837 1018799 64198 789053 149381 610550 29122 1575030 386618 1158052 30360 2535225 2286266 248959 750085 732500 14557 3028 420838 124189 294275 2374 2843384 2843384 7814771 646003 7168768 408171 408171 BOOKS & PERIODICALS 685531 682226 2032 1273 RECRUITING 251104 13552 237552 GAS, TIRES & SERVICES 62353 62353 278724 11118 224374 43232 66260782 33242545 31235779 1782458 35749 41968 4665565 18895570 9663179 6168509 2349626 1889517 579294 0 1584038 1081516 254169952 119570771 134365491 134599181 108030232 236767527 698936245 896643940 4665547 3619544 964874966 1299707272 10880698 11737370 10330177 10023764 32225000 29200000 82075421 79866609 135511296 130827743 X 344629564 472933096 484734106 695946433 829363670 1168879529 964874966 1299707272 X -8449004 343297280 4667583 X 0 1 X 1 1 1 X 17863233 44351820 26389971 31093375 50903537 170601936 17863233 44351820 26389971 31093375 50903537 170601936 81016241 89585695 67928 587964 1413930 1504334 -6895609 -3321453 1912610 2034797 1459332 1008756 468827 6884322 174164805 15705991 0.51440 0.46800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DINING SERVICES AND SPECIAL EVENTS - 2016 AMOUNT: $ 1,912,610. 2017 AMOUNT: $ 2,034,797. 2018 AMOUNT: $ 1,459,332. 2019 AMOUNT: $ 1,008,756. 2020 AMOUNT: $ 468,827. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203508 X X X X 0 784419388 34866174 344079226 38021135 1125343653 776382578 18466830 43513262 53943282 784419388 787278295 7861743 29647681 48405141 776382578 765850415 6031846 56599274 41203240 787278295 754598233 1220230 49760234 39728282 765850415 0.40640 0.28610 0.30740 0 0 373738 373738 201631563 81572217 120059346 40898223 35706081 5192142 11266428 2292473 8973955 134599181 LIMITED PARTNERSHIPS 416378136 F HEDGE & OFFSHORE FUNDS 480265804 F 896643940 SPLIT INTEREST AGREEMENTS 1508768 POSTRETIREMENT BEN. OBLIGATION 22078537 ASSET RETIREMENT OBLIGATION 1230146 BOND SWAP LIABILITY 2371138 TAXABLE BOND ISSUE & AMORT COSTS 50374429 FINANCE LEASE LIABILITY 2183672 OPERATING LEASE LIABILITY 119919 79866609 X 399887422 343297280 952201 344249481 55637941 2640397 -466560 2173837 57811778 60371563 466560 466560 59905003 2640397 3715382 6355779 66260782 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. 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. SCHEDULE D, PART XI, LINE 2D - OTHER CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY $952,201 SCHEDULE D, PART XI, LINE 4B - OTHER FUNDRAISING EXPENSE RECLASS ($466,560) SCHEDULE D, PART XII, LINE 2D - OTHER FUNDRAISING EXPENSE RECLASS $466,560 SCHEDULE D, PART XII, LINE 4B - OTHER NET PERIODIC PENSION COST $3,715,382 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 DEPARTMENT OF ENERGY, THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, THE NATIONAL SCIENCE FOUNDATION AND THE NATIONAL ENDOWMENT FOR THE HUMANITIES. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 4594 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 93846 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 5007 NORTH AMERICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 5801 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 3825 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 595310104 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 334000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING 743738 0 0 0 0 0 0 596500915 0 596500915 STIPEND PAYMENT EAST ASIA AND THE PACIFIC 3 334000 WIRE N/A N/A STIPEND PAYMENT EUROPE (INCLUDING ICELAND & GREENLAND) 19 743738 WIRE 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 WORK 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. DUE TO THE TRAVEL RESTRICTIONS BROUGHT ABOUT BY THE COVID-19 PANDEMIC, SEVERAL MEMBERS WHO WERE CHOSEN IN FY 2021 WERE UNABLE TO TRAVEL TO THE INSTITUTE'S CAMPUS IN NEW JERSEY, AND THEREFORE PARTICIPATED IN THEIR SCHOOLS' RESPECTIVE PROGRAMS REMOTELY (SOME FROM LOCATIONS ABROAD). THE INSTITUTE WAS ABLE TO FACILITATE REMOTE ACTIVITY USING ON-LINE CONFERENCE PLATFORMS SUCH AS ZOOM, AND THE SCHOOLS WERE ABLE TO FUNCTION NORMALLY FROM AN ACADEMIC PERSPECTIVE. 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 EXPENDITURES REPORTED IN SCHEDULE F, PART I, LINE 3 COLUMN (F) IS THE MARKET VALUE AS OF JUNE 30, 2021 AS THIS IS HOW THE INVESTMENTS ARE ACCOUNTED FOR ON THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. PART III ACCOUNTING METHOD: GALA 2101280 2005780 95500 13810 38610 414140 2101280 2005780 95500 13810 38610 414140 466560 -371060 1 MATHEMATICAL SCIENCES RESEARCH INSTITUTE 17 GAUSS WAY BERKELEY CA 94720 942650833 501(C)(3) 200000 VIRTUAL PROGRAM PRINCETON PUBLIC SCHOOLS 25 VALLEY ROAD PRINCETON NJ 08540 221817947 PRINCETON 100000 GENERAL SUPPORT 2 FELLOWSHIP GRANTS TO MEMBERS 187 10591996 N/A N/A PART I, LINE 2: EACH YEAR, THE INSTITUTE FOR ADVANCED STUDY SELECTS APPROXIMATELY 190 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, THE INSTITUTE FOR ADVANCED STUDY / 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 MARK BAUMGARTNER CHIEF INVSTMT OFFICER UNTIL 11/2020 622141 0 917500 0 27240 0 39452 0 27194 0 1633527 0 0 0 JEFFREY GATTO INVESTMENT DIRECTOR 378225 0 445072 0 3993 0 39452 0 12007 0 878749 0 0 0 ROBBERT DIJKGRAAF DIRECTOR / TRUSTEE 646882 0 0 0 48095 0 39452 0 41415 0 775844 0 0 0 MATIAS ZALDARRIAGA NATURAL SCIENCE FAC 438654 0 0 0 26897 0 39451 0 27692 0 532694 0 0 0 JAMES STONE NATURAL SCIENCE FAC 438884 0 0 0 7137 0 39451 0 20468 0 505940 0 0 0 ELIZABETH B WOOD ASS DIR FOR DEV 393632 0 0 0 30879 0 39452 0 32402 0 496365 0 0 0 CAMILLO DE LELLIS MATHEMATICS FAC 394866 0 0 0 26444 0 39451 0 28645 0 489406 0 0 0 JANINE PURCARO ASS DIR FOR FINANCE 338213 0 0 0 25779 0 39452 0 14434 0 417878 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 AMOUNTS ABOVE. PART I, LINE 7 INCENTIVE PAY TWO INVESTMENT OFFICE EMPLOYEES RECEIVE INCENTIVE COMPENSATION BASED ON THEIR INDIVIDUAL JOB PERFORMANCE AND ON THE RELATIVE PERFORMANCE OF IAS' ENDOWMENT COMPARED WITH MARKET INDICES AND MARKET COMPARISON GROUPS. A NJ EDU FAC AUTH IAS ISSUE 2006 SERIES B 221829511 64605LQ92 2006-07-19 29600000 ADVANCE REFUNDING - 2001 & 1997 0 0 0 B NJ EDU FAC AUTH IAS ISSUE 2006 SERIES C 221829511 64605L7Q5 2007-03-15 20000000 CAPITAL IMPROVEMENTS 0 0 0 A 13500000 32214439 473908 29126092 2006 0 1 1 1 B 6900000 20814743 266350 19733650 2012 0 0 1 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 SEE PART VI 21.000000000000 0 0 0 1 1 B 0 0 0 1 1 0 0 1 1 A 1 B 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 COLUMN (B) 2006 SERIES C BOND REBATE CALCULATION COMPUTED ON JULY 7, 2021 FOR JUNE 30, 2021 PERIOD SCHEDULE K, PART IV, LINE 4B THE HEDGE PROVIDER IS WELLS FARGO BANK. TWO SIGMA TRUSTEE 2016030 INVESTMENT FEES 0 MARIA DE JONG SPOUSE OF DIRECTOR 75000 EMPLOYMENT 0 X 14 3211789 FMV 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 PURSUIT OF ADVANCED LEARNING AND EXPLORATION. IN FIELDS OF PURE SCIENCE AND HIGH SCHOLARSHIP TO THE UTMOST DEGREE THAT THE FACILITIES AND THE ABILITY OF THE FACULTY AND SCHOLARS PERMIT. FORM 990, PART III, LINE 1 ORGANIZATION MISSION THE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLD'S LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. THE INSTITUTE EXISTS TO ENCOURAGE AND SUPPORT FUNDAMENTAL RESEARCH IN THE SCIENCES AND HUMANITIES - THE ORIGINAL, OFTEN SPECULATIVE, THINKING THAT PRODUCES ADVANCES IN KNOWLEDGE THAT CHANGE THE WAY WE UNDERSTAND THE WORLD. IT PROVIDES FOR THE MENTORING OF SCHOLARS BY FACULTY, AND IT OFFERS ALL WHO WORK HERE THE FREEDOM TO UNDERTAKE RESEARCH THAT WILL MAKE SIGNIFICANT CONTRIBUTIONS IN ANY OF THE BROAD RANGE OF FIELDS IN THE SCIENCES AND HUMANITIES STUDIED AT THE INSTITUTE. 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-FIVE EMINENT ACADEMICS GUIDES THE WORK OF THE SCHOOLS AND EACH YEAR AWARDS FELLOWSHIPS TO SOME 190 VISITING MEMBERS, FROM ABOUT ONE HUNDRED UNIVERSITIES AND RESEARCH INSTITUTIONS THROUGHOUT THE WORLD. DR. ROBBERT DIJKGRAAF IS THE CURRENT DIRECTOR OF THE INSTITUTE. ROBBERT DIJKGRAAF IS A MATHEMATICAL PHYSICIST WHO HAS MADE SIGNIFICANT CONTRIBUTIONS TO STRING THEORY AND THE ADVANCEMENT OF SCIENCE EDUCATION. FOR HIS CONTRIBUTIONS TO SCIENCE, DIJKGRAAF WAS AWARDED THE SPINOZA PRIZE, THE HIGHEST SCIENTIFIC AWARD IN THE NETHERLANDS, IN 2003, AND WAS NAMED A KNIGHT OF THE ORDER OF THE NETHERLANDS LIONS IN 2012. DIJKGRAAF IS A DISTINGUISHED PUBLIC POLICY ADVISER AND PASSIONATE ADVOCATE FOR SCIENCE AND THE ARTS. MANY OF HIS ACTIVITIES, WHICH HAVE INCLUDED FREQUENT APPEARANCES ON DUTCH TELEVISION, A MONTHLY NEWSPAPER COLUMN IN NRC HANDELSBLAD, SEVERAL BOOKS FOR GENERAL AUDIENCES, AND THE LAUNCH OF THE SCIENCE EDUCATION WEBSITE PROEFJES.NL, ARE AT THE INTERFACE BETWEEN SCIENCE AND SOCIETY. THE INSTITUTE FOR ADVANCED STUDY IS DEDICATED TO THE DISINTERESTED PURSUIT OF KNOWLEDGE. IN THE MORE THAN NINTEY-ONE YEARS SINCE ITS FOUNDING, THE WORK OF THE INSTITUTE'S FACULTY AND MEMBERS HAS HAD PERMANENT IMPACT, IN BOTH INTELLECTUAL AND PRACTICAL TERMS. AT THE BEGINNING 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. 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 SEVEN-THOUSAND FORMER MEMBERS HOLD POSITIONS OF INTELLECTUAL AND SCIENTIFIC LEADERSHIP THROUGHOUT THE ACADEMIC WORLD. SOME THIRTY-FIVE NOBEL LAUREATES AND FORTY-TWO OUT OF SIXTY FIELDS MEDALISTS, AS WELL AS MANY WINNERS OF THE WOLF AND MACARTHUR PRIZES, 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 INSTITUTE FOR ADVANCED STUDY/PARK CITY MATHEMATICS INSTITUTE IS AN INNOVATIVE PROGRAM THAT INTEGRATES MATHEMATICS EDUCATION, RESEARCH AND STUDENTS; THE PROGRAM IN INTERDISCIPLINARY STUDIES DRAWS TOGETHER VISITORS FROM A VARIETY OF FIELDS INCLUDING ASTROPHYSICS, COMPUTER SCIENCE, PSYCHOLOGY, AND PHILOSOPHY; THE PROGRAM FOR WOMEN AND MATHEMATICS, A MENTORING PROGRAM SPONSORED JOINTLY WITH PRINCETON UNIVERSITY, ENCOURAGES WOMEN TO PURSUE CAREERS IN MATHEMATICS; AND THE 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 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 KPMG, 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 BOARD OF TRUSTEES OF THE INSTITUTE HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REVIEWS THE FORM 990 AND DISCUSSES ANY RECOMMENDED CHANGES WITH MANAGEMENT OF THE INSTITUTE. THE FORM 990 IS REVIEWED, IN ITS ENTIRETY, INCLUDING SCHEDULE B, BY THE INSTITUTE'S BOARD OF TRUSTEES. THE TERMS OF GIFTS LISTED IN SCHEDULE B REQUIRED CONFIDENTIALITY, AND THEREFORE, ALTHOUGH THE DONORS ARE LISTED IN THE SCHEDULE B PROVIDED TO THE BOARD, THE AMOUNT 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 COMPENSATION 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 WAS PERFORMED IN 2020. DIRECTOR AND ASSOCIATE DIRECTORS: THE INSTITUTE PARTICIPATES IN A SURVEY OF TOP ADMINISTRATIVE POSITIONS AT SIMILAR INSTITUTIONS EVERY 24 MONTHS. THIS SURVEY, CONDUCTED BY MERCER, 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. 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 ALL THREE POSITIONS IN WRITING TO THE CHIEF HUMAN RESOURCES OFFICER. INVESTMENT OFFICE: THE INSTITUTE PARTICIPATES IN A SURVEY ANNUALLY CONDUCTED BY 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, IN CONSULTATION WITH THE DIRECTOR AND THE CHIEF HUMAN RESOURCES OFFICER, PREPARES A SET OF RECOMMENDATIONS FOR REVIEW BY THE COMPENSATION COMMITTEE IN CONJUNCTION WITH THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE RESULTS ARE COMMUNICATED IN WRITING BY A MEMBER OF THE COMPENSATION COMMITTEE TO THE ASSOCIATE DIRECTOR. THE ASSOCIATE DIRECTOR THEN INFORMS THE CHIEF INVESTMENT OFFICER AND INVESTMENT DIRECTOR. 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 LIABILITY 952,201. NET PERIODIC PENSION COST 3,715,382. IAS-POOLED INCOME FUND 1 EINSTEIN DRIVE PRINCETON NJ 08540 226439543 CHARITABLE NJ IAS T 39107 0.74000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0