2021-05-13T15:24:13-05:00 2020-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2019-07-01 210634988 INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION % JANINE PURCARO INST 6097348200 1 Einstein Drive Princeton NJ 08540 JANINE PURCARO COO, ASSOC DIR FIN 6097348000 2021-05-13 true DAVID M HIGHFILL P01517891 2127589700 2021-05-06 2019 2022-09-23 18:48:47Z Robbert Dijkgraaf Director 1 Einstein Drive Princeton NJ 08540 330201422 false X www.ias.edu X 1930 NJ PURSUIT OF ADVANCED LEARNING AND EXPLOR. IN FIELDS OF PURE SCIENCE AND HIGH SCHOLARSHIP TO THE UTMOST DEGREE THAT THE FACILITIES AND THE ABILITY OF THE FACULTY AND SCHOLARS PERMIT 29 28 460 72 955619 -733891 26389971 31093375 4402459 3986852 14683916 9838929 -499238 0 44977108 44919156 12763626 12716183 0 0 33450836 37734082 0 0 2290963 29664873 27181104 75879335 77631369 -30902227 -32712213 953508441 964874966 129870561 135511296 823637880 829363670 X THE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLDS LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. SEE SCHEDULE O. false false 42342038 12716183 2978096 SCHOOL PROGRAMS: THE WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES AND SOCIAL SCIENCE. SEE SCHEDULE O FOR FURTHER DETAILS. 42342038 true true false false false false false true false true true true false false true true true false true false true true true false false false false false true true true false false false false false true false false true true true false false false false true true false false false true X 160 0 true 460 true true true true CJ VI MP BF BD false false false false false false false false true false X 29 28 false false false false false false false true true false false false true true true true true true true false AL AK AR CA CT DC FL GA HI IL KS KY MD MA MI MN MS NH NM NY NC OK OR PA RI SC TN UT VA WV WI X JANINE PURCARO 6097348000 1 EINSTEIN DRIVE Princeton NJ 08540 X Mark Baumgartner Chief Investment Officer 40.0 0.0 X 1087508 0 64289 ROBBERT DIJKGRAAF DIRECTOR / TRUSTEE 40.0 0.0 X 710371 0 77436 Jeffrey Gatto Investment Director 40.0 0.0 X 580686 0 48916 Matias Zaldarriaga Natural Science Fac 40.0 0.0 X 459037 0 66274 Camillo De Lellis Mathematics Fac 40.0 0.0 X 458375 0 55096 Elizabeth B Wood Ass Dir for Dev 40.0 0.0 X 419625 0 67091 Nathan Seiberg Natural Science Fac 40.0 0.0 X 409799 0 51326 Janine Purcaro Ass Dir for Finance, COO 40.0 0.0 X 353796 0 61558 CHARLES SIMONYI CHAIRMAN 2.0 0.0 X 0 0 0 Nancy B Peretsman Vice Chairman 2.0 0.0 X 0 0 0 NEIL A CHRISS Treasurer 2.0 0.0 X 0 0 0 NANCY S MACMILLAN Secretary 2.0 0.0 X 0 0 0 Eric E Schmidt Trustee (until 5/20) 2.0 0.0 X 0 0 0 SHIRLEY TILGHMAN TRUSTEE 2.0 0.0 X 0 0 0 Victoria B Bjorklund Trustee 2.0 0.0 X 0 0 0 Roger W Ferguson Jr TRUSTEE 2.0 0.0 X 0 0 0 Sandra e Peterson TRUSTEE 2.0 0.0 X 0 0 0 Afsaneh Beschloss Trustee 2.0 0.0 X 0 0 0 John Overdeck TRUSTEE 2.0 0.0 X 0 0 0 Jonathan Nelson TRUSTEE 2.0 0.0 X 0 0 0 Peter Svennilson TRUSTEE 2.0 0.0 X 0 0 0 Mark Heising TRUSTEE 2.0 0.0 X 0 0 0 Narayana Murthy TRUSTEE 1.0 0.0 X 0 0 0 E Robert Fernholz TRUSTEE 1.0 0.0 X 0 0 0 David M Rubenstein TRUSTEE 1.0 0.0 X 0 0 0 Veena Das TRUSTEE 1.0 0.0 X 0 0 0 Lorraine Daston TRUSTEE 1.0 0.0 X 0 0 0 Mario Draghi TRUSTEE 1.0 0.0 X 0 0 0 Jeanette Lerman-Neubauer TRUSTEE 1.0 0.0 X 0 0 0 David F Marquardt TRUSTEE 1.0 0.0 X 0 0 0 Manjul Bhargava TRUSTEE 1.0 0.0 X 0 0 0 Christopher Cole TRUSTEE 1.0 0.0 X 0 0 0 Martin Rees Trustee 1.0 0.0 X 0 0 0 Ewine F van Dishoeck TRUSTEE 1.0 0.0 X 0 0 0 R Martin Chavez TRUSTEE 1.0 0.0 X 0 0 0 Jorn Rausing TRUSTEE 1.0 0.0 X 0 0 0 Ann-Kristin Achleitner Trustee (since 10/19) 1.0 0.0 X 0 0 0 4479197 0 491986 65 false true false WS Cumby Inc 938 Lincoln Avenue SPRINGFIELD PA 19064 General Contractor 4556054 Vollers Excavating Construction PO Box 5297 NORTH BRANCH NJ 08876 General Contractor 818472 Albourne America LLC 655 Montgomery St Suite 1910 SAN FRANCISCO CA 94111 Consultant 476667 Stevens Lee 100 Lenox Drive Suite 200 LAWRENCEVILLE NJ 08648 Gen. Outside Counsel 367231 KPMG LLP PO Box 120511 DALLAS TX 75312 Accountant 364112 20 25856143 5237232 228054 31093375 AUXILIARY SERVICES 532000 3986852 2978096 1008756 3986852 1504334 955619 548715 0 0 0 0 0 292127469 1489392 284119863 1162403 8007606 326989 8334595 0 8334595 0 0 0 0 0 0 0 0 0 0 44919156 2978096 955619 9892066 0 12619724 12619724 96459 96459 0 1476250 169750 876750 429750 0 23619805 13480020 9086486 1053299 2691797 1876953 709268 105576 8444050 5887920 2224943 331187 1502180 1047449 395813 58918 0 492073 2687 489386 370412 370412 0 0 4432201 4432201 2116949 872682 1196004 48263 0 964624 193026 722485 49113 1390465 340195 1030191 20079 0 2432996 2194076 238920 1912037 1713843 154459 43735 0 1288036 553365 662894 71777 3011400 3011400 0 6955180 450129 6505051 365329 365329 BOOKS & PERIODICALS 739627 726049 11327 2251 FELLOWS/EMPLOYEE WELFARE 141162 141162 DONOR RELATIONS 108389 83151 25238 GAS, TIRES & SERVICES 69819 69809 10 390405 117711 220927 51767 77631369 42342038 32998368 2290963 37624 35749 5963825 4665565 18357707 9663179 1941580 2349626 592619 579294 0 0 0 0 0 0 1016642 1584038 246415945 112050454 130257646 134365491 85256172 108030232 704869176 698936245 0 0 0 0 5215450 4665547 953508441 964874966 9433853 10880698 0 0 7353781 10330177 35220000 32225000 0 0 0 0 0 0 0 0 77862927 82075421 129870561 135511296 X 356028164 344629564 467609716 484734106 823637880 829363670 953508441 964874966 X -32712213 38972400 -534397 X false true X true true true X 48421278 17863233 44351820 26389971 31093375 168119677 0 0 48421278 17863233 44351820 26389971 31093375 168119677 83675062 84444615 249891 67928 587964 1413930 1504334 3824047 0 2064567 1912610 2034797 1459332 1008756 8480062 180423786 18114043 0.46803 0.56300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203508 X X X X false 776382578 18466830 43513262 0 53943282 784419388 787278295 7861743 29647681 0 48405141 776382578 765850415 6031846 56599274 0 41203240 787278295 754598233 1220230 49760234 0 39728282 765850415 786405797 20614885 -8589198 0 43833251 754598233 0.41950 0.36740 0.21310 false false 373738 373738 197630912 75935965 121694947 39804805 34429024 5375781 8606490 1685465 6921025 134365491 LIMITED PARTNERSHIPS 252517353 F HEDGE AND OFFSHORE FUNDS 446418892 F 698936245 0 SPLIT-INTEREST AGREEMENTS 1333720 POSTRETIREMENT BENEFIT OBLIG. 24618666 ASSET RETIREMENT OBLIGATION 1198947 BOND SWAP LIABILITY 3323339 TAXABLE BOND ISSUE 51600749 82075421 X 78924958 38972400 -534397 38438003 40486955 4432201 4432201 44919156 73199168 73199168 4432201 4432201 77631369 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 - ENDOWMENT FUND THE INSTITUTE'S ENDOWMENT FUNDS PROVIDE ONGOING SUPPORT FOR ITS EXEMPT PURPOSES. SCHEDULE D, PART X - 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 XI, LINE 2D- OTHER CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY: $(534,397) true true true true true true true false false false false false false false false true false true SCH E, LINE 3 - NONDISCRIMINATORY POLICY 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, LINE 6A - 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. true East Asia and the Pacific Program Services Scholar Collaboration 22571 Europe (Including Iceland and Greenland) Program Services Scholar Collaboration 334698 Middle East and North Africa Program Services Scholar Collaboration 28033 North America Program Services Scholar Collaboration 16174 Russia and the Newly Independent States Program Services Scholar Collaboration 4331 South America Program Services Scholar Collaboration 5162 South Asia Program Services Scholar Collaboration 6281 Sub-Saharan Africa Program Services Scholar Collaboration 11799 Central America and the Caribbean Investments 484321208 East Asia and the Pacific Grantmaking 50000 North America Grantmaking 46459 484846716 484846716 Europe (Including Iceland and Greenland) STIPEND 50000 Wire N/A N/A North America STIPEND 46459 Wire N/A N/A 2 true false true true true false SCHEDULE F, PART 1, LINE 2 MONITORING THE USE OF GRANT FUNDS The Institute for Advanced Study's grants are awarded by the Science Initiative Group (SIG), an IAS-based team dedicated to fostering science in developing countries. Since 2008, SIG's attention has been devoted primarily to development and implementation of the Carnegie-IAS Regional Initiative in Science and Education (RISE). RISE aims to strengthen higher education in Sub-Saharan Africa by increasing the population of qualified faculty teaching in Africa's universities. RISE prepares PhD- and MSc-level scientists and engineers through university-based research and training networks in selected disciplines. Its primary emphases are on preparing new faculty to teach in African universities and on upgrading the qualifications of current faculty. RISE networks provide comprehensive graduate training programs, where students and faculty seeking advanced degrees can take advantage of the complementary instruction and research opportunities available at each institution within the network. Networks also enable researchers from multiple universities to use specialized scientific instrumentation that may be available at only one of the sites, or to pool resources to obtain new equipment. The network structure benefits the universities as well, as each gains capacity through affiliation with the others. RISE is supported by grants from the Carnegie Corporation of New York. RISE networks were selected through a competitive process. Selection criteria included scientific merit, training capacity, research activities, evidence of institutional support, added value of the network versus separate support to individual institutions, and potential for sustainability. An especially important criterion was a strategy for retaining at universities in the region faculty members who have received their training through RISE. Detailed application materials were submitted as part of the selection process, as described on the RISE website at https://sig.ias.edu/rise.html. Grantees are required to submit narrative and detailed financial reports twice yearly. Signed agreements with the grantees provide that audits may be conducted if there is any reason to suspect that funds are not being used properly. THIS PROGRAM ENDED DURING FISCAL YEAR 2019. SCHEDULE F, LINE 3, COL F FOREIGN INVESTMENTS THE INVESTMENT EXPENDITURES REPORTED IN SCHEDULE F, PART I, LINE 3 COLUMN (F) IS THE MARKET VALUE AS OF JUNE 30, 2020 AS THIS IS HOW THE INVESTMENTS ARE ACCOUNTED FOR ON THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. true Fellowship Grants to Members 210 12619724 N/A N/A SCHEDULE I, 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 PRECEEDING 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, INSTITUTE OF ADVANCED STUDY/PARK CITY MATHEMATICS INSTITUTE, AND PROSPECTS IN THEORETICAL PHYSICS. X X X true true X X X X X false false false false false false false true false ROBBERT DIJKGRAAF DIRECTOR / TRUSTEE 638292 0 0 0 72079 0 38891 0 38546 0 787808 0 0 0 Janine Purcaro Ass Dir for Finance, COO 327146 0 0 0 26650 0 38890 0 24442 0 417128 0 0 0 Elizabeth B Wood Ass Dir for Dev 389693 0 0 0 29932 0 38890 0 30165 0 488680 0 0 0 Mark Baumgartner Chief Investment Officer 616494 0 444000 0 27014 0 38891 0 27363 0 1153762 0 0 0 Jeffrey Gatto Investment Director 329913 0 247000 0 3773 0 38891 0 11707 0 631284 0 0 0 Matias Zaldarriaga Natural Science Fac 449853 0 0 0 9184 0 38891 0 27591 0 525519 0 0 0 Camillo De Lellis Mathematics Fac 395473 0 0 0 62902 0 38891 0 16412 0 513678 0 0 0 Nathan Seiberg Natural Science Fac 381638 0 0 0 28161 0 38891 0 12642 0 461332 0 0 0 SCHEDULE J, PART I, LINE 1 - 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. SCHEDULE J, 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 false false false B NJ EDU FAC AUTH IAS ISSUE 2006 SERIES C 221829511 64605L7Q5 2007-03-15 20000000 CAPITAL IMPROVEMENTS false false false C NJ EDU FAC AUTH IAS ISSUE 2008 SERIES C 221829511 646065PY2 2008-04-17 11818513 CURRENT REFUNDING - 1997 false false false A 11800000 0 32214439 0 0 0 473908 0 0 0 29126092 0 2006 false true true true B 6300000 0 20814743 0 0 0 266350 0 0 19733650 0 0 2012 false false true true C 11093513 0 11885689 0 0 0 236370 0 0 0 11582143 0 2008 true false true true A 0 B false false false 0 false true C true true true 0 false true A false false false true true true SEE PART VI 21. false false false 0 true true B true true false 0 false 0 true true C true false false true false false 0 false 0 false true A true B true C true BONDS SCHEDULE K, PART I 1. BOND ISSUE A, COLUMN (F): NJ EDU FAC AUTH IAS 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. 2. BOND ISSUE C, COLUMN (F): NJ EDU FAC AUTH IAS ISSUE 2008 SERIES C - THIS ISSUE CURRENTLY REFUNDED THE NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY BONDS, INSTITUTE FOR ADVANCED STUDY ISSUE 1997 SERIES F AND 1997 SERIES G. SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN THE PROCEEDS LISTED IN PART II LINE 3 AND THE ISSUE PRICE IN PART I COLUMN (E) IS DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C COLUMN (A) - JUNE 30, 2013 FOR THE 2006 B BOND COLUMN (B) - JUNE 30, 2013 FOR THE 2008 C BOND COLUMN (C ) NO REBATE CALCULATION COMPLETED AS BOND ISSUE WAS A COMPLETE REFUNDING OF A 1997 BOND ISSUE WITH NO NEW MONEY CONSEQUENTLY NO FUNDS AVAILABLE FOR ARBITRAGE. SCHEDULE K, PART IV, LINE 4B THE HEDGE PROVIDER IS WELLS FARGO BANK. PETER GODDARD Former Director/Faculty MORTGAGE X 710056 579294 false true true 579294 Two Sigma TRUSTEE 2356551 INVESTMENT FEES false Maria De Jong SPOUSE OF DIRECTOR 75000 EMPLOYMENT false X 9 228054 FMV false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE INSTITUTE IS REPORTING THE NUMBER OF CONTRIBUTIONS. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 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-SEVEN 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 EIGHTY-EIGHT 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-FOUR 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/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; THE PROSPECTS IN THEORETICAL PHYSICS IS A SUMMER PROGRAM FOR ADVANCED GRADUATE STUDENTS AND POSTDOCS IN THEORETICAL PHYSICS; AND THE SCIENCE INITIATIVE GROUP (SIG), AN INTERNATIONAL TEAM OF SCIENTIFIC LEADERS AND SUPPORTERS IS DEDICATED TO FOSTERING SCIENCE IN DEVELOPING COUNTRIES. 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 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 VI 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 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 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, Line 15a- 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 2018. 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 HR Manager, prepare 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 of for the Director. For the two Associate Directors' salaries, the Director, along with the HR manager, 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 action to be taken. The Committee documents its decision on all three positions in writing to the 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 HR Manager, 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 the Investment Analyst. Form 990, Part VI, 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 XI, LINE 5 OTHER CHANGES CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY: $(534,397) IAS - POOLED INCOME FUND 1 EINSTEIN DRIVE PRINCETON NJ 08540 226439543 CHARITABLE NJ IAS TRUST 35407 0.72000 true false false false false false false false false false false false false false false false false false false