INSTITUTE FOR ADVANCED STUDY: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
INSTITUTE FOR ADVANCED STUDY (EIN 21-0634988)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-05-11
IRS object ID
202021329349301952
Schema version
2018v3.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-05-11T11:51:33-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1345 Park AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101540102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN210634988EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INSTITUTE FOR ADVANCED STUDY -BusinessNameLine1Txt
Business Name Line2LOUIS BAMBERGER & MRS FELIX FULD FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% JANINE PURCAROInCareOfNm
Business Name ControlINSTBusinessNameControlTxt
Phone6097348200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 Einstein DriveAddressLine1Txt
CityPrincetonCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANINE PURCAROPersonNm
Person TitleCOO, ASSOC DIR FINPersonTitleTxt
Phone6097348000PhoneNum
Signature2020-05-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID M HIGHFILLPreparerPersonNm
PTINP01517891PTIN
Phone2127589700PhoneNum
Preparation2020-05-04PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address199.207.253.101IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id13407320201325000005FederalOriginalSubmissionId
Federal Original Submission Id2020-05-11FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id56CF8E5679DD19F553D4D6B1BD5065B47AB9D830AtSubmissionCreationDeviceId
At Submission Filing Device Id3334E7B7F03F731422ECC73C4D529CE40FFEDC8CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-23 17:36:50ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRobbert Dijkgraaf DirectorPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 Einstein DriveAddressLine1Txt
CityPrincetonCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$291,865,445GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.ias.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1930FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionPURSUIT 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 & SCHOLARS PERMIT.ActivityOrMissionDesc
Voting Members Governing Body29VotingMembersGoverningBodyCnt
Voting Members Independent28VotingMembersIndependentCnt
Total Employee568TotalEmployeeCnt
Total Volunteers70TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$1,576,861NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$44,351,820PYContributionsGrantsAmt
CY Contributions Grants$26,389,971CYContributionsGrantsAmt
PY Program Service Revenue$5,789,947PYProgramServiceRevenueAmt
CY Program Service Revenue$4,402,459CYProgramServiceRevenueAmt
PY Investment Income$11,140,775PYInvestmentIncomeAmt
CY Investment Income$14,683,916CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue-$499,238CYOtherRevenueAmt
PY Total Revenue$61,282,542PYTotalRevenueAmt
CY Total Revenue$44,977,108CYTotalRevenueAmt
PY Grants And Similar Paid$12,153,392PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$12,763,626CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$32,445,085PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$33,450,836CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,444,269CYTotalFundraisingExpenseAmt
PY Other Expenses$27,135,140PYOtherExpensesAmt
CY Other Expenses$29,664,873CYOtherExpensesAmt
PY Total Expenses$71,733,617PYTotalExpensesAmt
CY Total Expenses$75,879,335CYTotalExpensesAmt
PY Revenues Less Expenses-$10,451,075PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$30,902,227CYRevenuesLessExpensesAmt
Total Assets BOY$970,382,453TotalAssetsBOYAmt
Total Assets EOY$953,508,441TotalAssetsEOYAmt
Total Liabilities BOY$136,099,232TotalLiabilitiesBOYAmt
Total Liabilities EOY$129,870,561TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$834,283,221NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$823,637,880NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLD'S LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. SEE SCHEDULE O.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$40,686,468ExpenseAmt
Grant$12,763,626GrantAmt
Revenue$2,943,127RevenueAmt
DescSCHOOL 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.Desc
Total Program Service Expenses$40,686,468TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (true)BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document123IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee568EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryCJForeignCountryCd
Foreign CountryVIForeignCountryCd
Foreign CountryMPForeignCountryCd
Foreign CountryBFForeignCountryCd
Foreign CountryBDForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members29GoverningBodyVotingMembersCnt
Independent Voting Member28IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldHIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJANINE PURCAROPersonNm
Phone6097348000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 EINSTEIN DRIVEAddressLine1Txt
CityPrincetonCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
CHARLES SIMONYI
CHAIRMAN2.00.0Yes (X)$0$0$0
BRIAN F WRUBLE
TREASURER2.00.0Yes (X)$0$0$0
NANCY S MACMILLAN
SECRETARY2.00.0Yes (X)$0$0$0
ROBBERT DIJKGRAAF
TRUSTEE / DIRECTOR40.00.0Yes (X)$674,254$0$57,702
VICTORIA B BJORKLUND
TRUSTEE2.00.0Yes (X)$0$0$0
MARIO DRAGHI
TRUSTEE1.00.0Yes (X)$0$0$0
ROGER W FERGUSON JR
TRUSTEE2.00.0Yes (X)$0$0$0
E ROBERT FERNHOLZ
TRUSTEE1.00.0Yes (X)$0$0$0
DAVID F MARQUARDT
TRUSTEE2.00.0Yes (X)$0$0$0
NANCY B PERETSMAN
VICE CHAIRMAN2.00.0Yes (X)$0$0$0
MARTIN REES
TRUSTEE1.00.0Yes (X)$0$0$0
DAVID M RUBENSTEIN
TRUSTEE1.00.0Yes (X)$0$0$0
ERIC E SCHMIDT
TRUSTEE2.00.0Yes (X)$0$0$0
PETER SVENNILSON
TRUSTEE1.00.0Yes (X)$0$0$0
NEIL A CHRISS
TRUSTEE1.00.0Yes (X)$0$0$0
SHIRLEY TILGHMAN
TRUSTEE2.00.0Yes (X)$0$0$0
SANDRA E PETERSON
TRUSTEE2.00.0Yes (X)$0$0$0
AFSANEH BESCHLOSS
TRUSTEE2.00.0Yes (X)$0$0$0
JONATHAN NELSON
TRUSTEE2.00.0Yes (X)$0$0$0
NARAYANA MURTHY
TRUSTEE1.00.0Yes (X)$0$0$0
VEENA DAS
TRUSTEE1.00.0Yes (X)$0$0$0
LORRAINE DASTON
TRUSTEE1.00.0Yes (X)$0$0$0
JEANETTE LERMAN-NEUBAUER
TRUSTEE1.00.0Yes (X)$0$0$0
MANJUL BHARGAVA
TRUSTEE1.00.0Yes (X)$0$0$0
CHRISTOPHER COLE
TRUSTEE1.00.0Yes (X)$0$0$0
MARK HEISING
TRUSTEE1.00.0Yes (X)$0$0$0
EWINE F VAN DISHOECK
TRUSTEE1.00.0Yes (X)$0$0$0
R MARTIN CHAVEZ
TRUSTEE FROM 10/181.00.0Yes (X)$0$0$0
JOHN OVERDECK
TRUSTEE2.00.0Yes (X)$0$0$0
JANINE PURCARO
ASSOC DIR FOR FINANCE, COO40.00.0$331,689$0$68,530Yes (X)
ELIZABETH B WOOD
ASSOC DIR FOR DEV40.00.0$411,431$0$50,255Yes (X)
MARK BAUMGARTNER
CHIEF INVESTMENT OFFICER40.00.0$1,042,112$0$46,833Yes (X)
JEFFREY GATTO
INVESTMENT DIRECTOR40.00.0$554,684$0$49,602Yes (X)
JEAN BOURGAIN
MATHEMATICS FAC40.00.0$411,630$0$45,517Yes (X)
NATHAN SEIBERG
NATURAL SCIENCE FAV40.00.0$400,167$0$45,536Yes (X)
MATIAS ZALDARRIAGA
NATURAL SCIENCE FAC40.00.0$444,419$0$65,163Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,270,386TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$429,138TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K65IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
W S Cumby Inc
938 Lincoln AvenueSPRINGFIELDPA19064CONSTRUCTION$6,875,415
Merrell and Garaguso Inc
190 Locke AvenueSWEDESBORONJ08085CONSTRUCTION$1,221,260
JB Redding
234 Nassau StreetPRINCETONNJ08542CONSTRUCTION$1,103,850
Sweetwater Construction Corp
32 N Main StreetCRANBURYNJ08512CONSTRUCTION$756,978
Mercer General Works Co LLC
2401 Pennington RoadPENNINGTONNJ08534CONSTRUCTION$439,094
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K24CntrctRcvdGreaterThan100KCnt
Fundraising$3,320,551FundraisingAmt
Government Grants$19,949,538GovernmentGrantsAmt
All Other Contributions$3,119,882AllOtherContributionsAmt
Noncash Contributions$1,203,001NoncashContributionsAmt
Total Contributions$26,389,971TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescAUXILIARY SERVICESDesc
Business532000BusinessCd
Total Revenue Column$4,402,459TotalRevenueColumnAmt
Related Or Exempt Func Income$2,943,127RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,459,332ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,402,459TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,413,930TotalRevenueColumnAmt
Exclusion$1,413,930ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$258,562,949SecuritiesAmt
Other$973,386OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$245,033,006SecuritiesAmt
Other$1,233,343OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$13,529,943SecuritiesAmt
Other-$259,957OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,269,986TotalRevenueColumnAmt
Exclusion$13,269,986ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$122,750FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$3,320,551ContriRptFundraisingEventAmt
Fundraising Direct Expenses$621,988FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$499,238TotalRevenueColumnAmt
Exclusion-$499,238ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$44,977,108TotalRevenueColumnAmt
Related Or Exempt Func Income$2,943,127RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$15,644,010ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$12,568,776TotalAmt
Program Services$12,568,776ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$194,850TotalAmt
Program Services$194,850ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,428,450TotalAmt
Program Services$164,800ProgramServicesAmt
Management And General$844,400ManagementAndGeneralAmt
Fundraising$419,250FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$22,684,711TotalAmt
Program Services$12,340,444ProgramServicesAmt
Management And General$9,424,619ManagementAndGeneralAmt
Fundraising$919,648FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,666,275TotalAmt
Program Services$1,826,996ProgramServicesAmt
Management And General$742,474ManagementAndGeneralAmt
Fundraising$96,805FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$5,220,495TotalAmt
Program Services$3,577,210ProgramServicesAmt
Management And General$1,453,743ManagementAndGeneralAmt
Fundraising$189,542FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,450,905TotalAmt
Program Services$994,196ProgramServicesAmt
Management And General$404,030ManagementAndGeneralAmt
Fundraising$52,679FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$563,360TotalAmt
Management And General$563,360ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$242,759TotalAmt
Management And General$242,759ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$3,575,835TotalAmt
Management And General$3,575,835ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,245,955TotalAmt
Program Services$1,548,277ProgramServicesAmt
Management And General$1,297,162ManagementAndGeneralAmt
Fundraising$400,516FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,183,569TotalAmt
Program Services$308,087ProgramServicesAmt
Management And General$829,036ManagementAndGeneralAmt
Fundraising$46,446FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,440,918TotalAmt
Program Services$333,510ProgramServicesAmt
Management And General$1,083,736ManagementAndGeneralAmt
Fundraising$23,672FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,372,999TotalAmt
Program Services$2,139,971ProgramServicesAmt
Management And General$233,028ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,067,664TotalAmt
Program Services$2,716,730ProgramServicesAmt
Management And General$287,481ManagementAndGeneralAmt
Fundraising$63,453FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,878,816TotalAmt
Program Services$779,502ProgramServicesAmt
Management And General$993,228ManagementAndGeneralAmt
Fundraising$106,086FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,207,818TotalAmt
Management And General$3,207,818ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$6,529,063TotalAmt
Program Services$284,665ProgramServicesAmt
Management And General$6,244,398ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$404,001TotalAmt
Management And General$404,001ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
BOOKS & PERIODICALS$758,750$747,052$8,303$3,395
RECRUITING$115,253$46,926$68,327
DONOR RELATIONS$176,900$88,247$88,653
FELLOWS/EMPLOYEE WELFARE$308,224$3,171$303,615$1,438

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$592,989TotalAmt
Program Services$111,305ProgramServicesAmt
Management And General$448,998ManagementAndGeneralAmt
Fundraising$32,686FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$75,879,335TotalAmt
Program Services$40,686,468ProgramServicesAmt
Management And General$32,748,598ManagementAndGeneralAmt
Fundraising$2,444,269FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$36,607BOYAmt
EOY$37,624EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,862,462BOYAmt
EOY$5,963,825EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$26,198,256BOYAmt
EOY$18,357,707EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,432,849BOYAmt
EOY$1,941,580EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$605,600BOYAmt
EOY$592,619EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,024,903BOYAmt
EOY$1,016,642EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$235,780,922LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$105,523,276LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$122,170,708BOYAmt
EOY$130,257,646EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$74,519,334BOYAmt
EOY$85,256,172EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$734,663,480BOYAmt
EOY$704,869,176EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,868,254BOYAmt
EOY$5,215,450EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$970,382,453BOYAmt
EOY$953,508,441EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,949,189BOYAmt
EOY$9,433,853EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$9,522,988BOYAmt
EOY$7,353,781EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$38,090,000BOYAmt
EOY$35,220,000EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$77,537,055BOYAmt
EOY$77,862,927EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$136,099,232BOYAmt
EOY$129,870,561EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$367,373,266BOYAmt
EOY$356,028,164EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$211,062,206BOYAmt
EOY$208,663,563EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$255,847,749BOYAmt
EOY$258,946,153EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$834,283,221BOYAmt
EOY$823,637,880EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$970,382,453BOYAmt
EOY$953,508,441EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$30,902,227ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$20,729,380NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$472,494OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$46,008,585CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$48,421,278CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,863,233CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$44,351,820CurrentTaxYearMinus1YearAmt
Current Tax Year$26,389,971CurrentTaxYearAmt
Total$183,034,887TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$46,008,585CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$48,421,278CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,863,233CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$44,351,820CurrentTaxYearMinus1YearAmt
Current Tax Year$26,389,971CurrentTaxYearAmt
Total$183,034,887TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$73,158,688SubstantialContributorsTotAmt
Public Support Total170$109,876,199PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$357,100CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$249,891CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$67,928CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$587,964CurrentTaxYearMinus1YearAmt
Current Tax Year$1,413,930CurrentTaxYearAmt
Total$2,676,813TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,983,481CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,064,567CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,912,610CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,034,797CurrentTaxYearMinus1YearAmt
Current Tax Year$1,459,332CurrentTaxYearAmt
Total$9,454,787TotalAmt
FieldValueIRS element (for citing)
Total Support$195,166,487TotalSupportAmt
Gross Receipts Rltd Activities$19,914,842GrossReceiptsRltdActivitiesAmt
Public Support CY1700.56299PublicSupportCY170Pct
Public Support PY1700.51780PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$203,508AssetsIncludedAmt
FieldValueIRS element (for citing)
Held Works ArtHeldWorksArtGrp
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$787,278,295BeginningYearBalanceAmt
Contributions$7,861,743ContributionsAmt
Investment Earnings Or Losses$29,647,681InvestmentEarningsOrLossesAmt
Grants Or Scholarships$0GrantsOrScholarshipsAmt
Other Expenditures$48,405,141OtherExpendituresAmt
End Year Balance$776,382,578EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$765,850,415BeginningYearBalanceAmt
Contributions$6,031,846ContributionsAmt
Investment Earnings Or Losses$56,599,274InvestmentEarningsOrLossesAmt
Grants Or Scholarships$0GrantsOrScholarshipsAmt
Other Expenditures$41,203,240OtherExpendituresAmt
End Year Balance$787,278,295EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$754,598,233BeginningYearBalanceAmt
Contributions$1,220,230ContributionsAmt
Investment Earnings Or Losses$49,760,234InvestmentEarningsOrLossesAmt
Grants Or Scholarships$0GrantsOrScholarshipsAmt
Other Expenditures$39,728,282OtherExpendituresAmt
End Year Balance$765,850,415EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$786,405,797BeginningYearBalanceAmt
Contributions$20,614,885ContributionsAmt
Investment Earnings Or Losses-$8,589,198InvestmentEarningsOrLossesAmt
Grants Or Scholarships$0GrantsOrScholarshipsAmt
Other Expenditures$43,833,251OtherExpendituresAmt
End Year Balance$754,598,233EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$741,259,220BeginningYearBalanceAmt
Contributions$31,582,005ContributionsAmt
Investment Earnings Or Losses$52,999,310InvestmentEarningsOrLossesAmt
Grants Or Scholarships$0GrantsOrScholarshipsAmt
Other Expenditures$39,434,738OtherExpendituresAmt
End Year Balance$786,405,797EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.43850BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.34750PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.21400TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$373,738OtherCostOrOtherBasisAmt
Book Value$373,738BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$188,798,187OtherCostOrOtherBasisAmt
Depreciation$70,665,671DepreciationAmt
Book Value$118,132,516BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$38,261,197OtherCostOrOtherBasisAmt
Depreciation$33,259,405DepreciationAmt
Book Value$5,001,792BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,347,800OtherCostOrOtherBasisAmt
Depreciation$1,598,200DepreciationAmt
Book Value$6,749,600BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$130,257,646TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
LIMITED PARTNERSHIPS$216,388,962F
HEDGE AND OFFSHORE FUNDS$488,480,215F
FieldValueIRS element (for citing)
Total Book Value Securities$704,869,177TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
SPLIT-INTEREST AGREEMENTS$1,516,049
POSTRETIREMENT BENEFIT OBLIG.$19,584,782
ASSET RETIREMENT OBLIGATION$1,172,363
BOND SWAP LIABILITY$2,788,944
TAXABLE BOND ISSUE$52,800,789
FieldValueIRS element (for citing)
Total Liability$77,862,927TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$62,280,147TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$20,729,380NetUnrealizedGainsInvstAmt
Other Revenue-$472,494OtherRevenueAmt
Revenue Not Reported$20,256,886RevenueNotReportedAmt
Revenue Subtotal$42,023,261RevenueSubtotalAmt
Investment Expenses Not Incld$3,575,835InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$621,988OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$2,953,847RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$44,977,108TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$72,925,488TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$621,988OtherExpensesIncludedAmt
Expenses Not Reported$621,988ExpensesNotReportedAmt
Expenses Subtotal$72,303,500ExpensesSubtotalAmt
Investment Expenses Not Incld2$3,575,835InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$3,575,835ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$75,879,335TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PART III, LINE 1A - RARE BOOK COLLECTIONTHE 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 FUNDTHE INSTITUTE'S ENDOWMENT FUNDS PROVIDE ONGOING SUPPORT FOR ITS EXEMPT PURPOSES.
SCHEDULE D, PART X - UNCERTAIN TAX POSITIONSTHE 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 - OTHERCHANGE IN FAIR VALUE OF BOND SWAP LIABILITY: ($472,494)
SCHEDULE D, PART XI, LINE 4B - OTHERFUNDRAISING EXPENSE RELCASS: ($621,988)
SCHEDULE D, PART XII, LINE 2D - OTHERFUNDRAISING EXPENSE RELCASS: $621,988

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3 - NONDISCRIMINATORY POLICYADVERTISEMENTS ARE PUBLISHED IN EDUCATIONAL CHRONICLES AND JOURNALS. NOTICES ARE ALSO POSTED AT COLLEGES AND UNIVERSITIES.
SCHEDULE E, LINE 6A - FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCYGRANTS 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.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (12 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Russia and the Newly Independent StatesProgram ServicesSCHOLAR COLLABORATION$2,886
East Asia and the PacificProgram ServicesSCHOLAR COLLABORATION$58,906
Europe (Including Iceland and Greenland)Program ServicesSCHOLAR COLLABORATION$657,211
Middle East and North AfricaProgram ServicesSCHOLAR COLLABORATION$34,483
North AmericaProgram ServicesSCHOLAR COLLABORATION$24,435
South AmericaProgram ServicesSCHOLAR COLLABORATION$32,745
South AsiaProgram ServicesSCHOLAR COLLABORATION$9,051
Sub-Saharan AfricaProgram ServicesSCHOLAR COLLABORATION$48,516
Central America and the CaribbeanProgram ServicesSCHOLAR COLLABORATION$55
Europe (Including Iceland and Greenland)Grantmaking$150,040
Sub-Saharan AfricaGrantmaking$44,810
Central America and the CaribbeanInvestments$504,209,749
FieldValueIRS element (for citing)
Subtotal Spent$505,272,887SubtotalSpentAmt
Total Spent$505,272,887TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (7 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
Europe (Including Iceland and Greenland)STIPEND$37,500WireN/AN/A
Europe (Including Iceland and Greenland)STIPEND$70,040WireN/AN/A
Middle East and North AfricaSTIPEND$40,020WireN/AN/A
Sub-Saharan AfricaEDUCATIONAL$7,900WireN/AN/A
Sub-Saharan AfricaEDUCATIONAL$18,635WireN/AN/A
Sub-Saharan AfricaEDUCATIONAL$6,935WireN/AN/A
Sub-Saharan AfricaEducational$5,210WireN/AN/A
FieldValueIRS element (for citing)
Total501c3 Org0Total501c3OrgCnt
Total Other Org7TotalOtherOrgCnt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE F, LINE 1 - MONITORING THE USE OF GRANT FUNDSTHE 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 HTTP://SIG.IAS.EDU/RISE. 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 INVESTMENTSTHE INVESTMENT EXPENDITURES REPORTED IN SCHEDULE F, PART I, LINE 3 COLUMN (F) IS THE MARKET VALUE AS OF JUNE 30, 2019 AS THIS IS HOW THE INVESTMENTS ARE ACCOUNTED FOR ON THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS.

Schedule G IRS990ScheduleG

Fundraiser Activity Info FundraiserActivityInfoGrp

FieldValueIRS element (for citing)
PersonNOT APPLICABLEPersonNm
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd
FieldValueIRS element (for citing)
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDCLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNMLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesRILicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesTNLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GalaEvent1Nm
Gross Receipts Event1$3,443,301GrossReceiptsEvent1Amt
Charitable Contri Event1$3,320,551CharitableContriEvent1Amt
Gross Revenue Event1$122,750GrossRevenueEvent1Amt
Rent Facility Costs Event1$19,059RentFacilityCostsEvent1Amt
Food And Beverage Event1$148,323FoodAndBeverageEvent1Amt
Entertainment Event1$215,669EntertainmentEvent1Amt
Other Direct Expenses Event1$238,937OtherDirectExpensesEvent1Amt
Other Events Total0OtherEventsTotalCnt
Gross Receipts Total$3,443,301GrossReceiptsTotalAmt
Charitable Contributions Tot$3,320,551CharitableContributionsTotAmt
Gross Revenue Total Events$122,750GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$19,059RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$148,323FoodAndBeverageTotalEventsAmt
Entertainment Total Events$215,669EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$238,937OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$621,988DirectExpenseSummaryEventsAmt
Net Income Summary-$499,238NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeFellowship Grants to MembersGrantTypeTxt
Recipient226RecipientCnt
Cash Grant$12,568,776CashGrantAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PART I, LINE 2FormAndLineReferenceDesc
ExplanationEACH 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 ON OUR WEBSITE FROM EACH OF THE FOUR SCHOOLS: THE SCHOOL OF HISTORICAL STUDIES, THE SCHOOL OF MATHEMATICS, THE SCHOOL OF NATURAL SCIENCES, AND THE 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ROBBERT DIJKGRAAF
TRUSTEE / DIRECTOR$619,292$0$54,962$19,156$0$38,546$0$731,956$0$0$0
JANINE PURCARO
ASSOC DIR FOR FINANCE, COO$304,857$0$26,832$36,894$0$31,636$0$400,219$0$0$0
ELIZABETH B WOOD
ASSOC DIR FOR DEV$384,360$0$27,071$30,121$0$20,134$0$461,686$0$0$0
MARK BAUMGARTNER
CHIEF INVESTMENT OFFICER$596,826$420,000$25,286$19,156$0$27,677$0$1,088,945$0$0$0
JEFFREY GATTO
INVESTMENT DIRECTOR$325,925$225,000$3,759$37,967$0$11,635$0$604,286$0$0$0
JEAN BOURGAIN
MATHEMATICS FAC$384,486$0$27,144$33,594$0$11,923$0$457,147$0$0$0
NATHAN SEIBERG
NATURAL SCIENCE FAV$373,338$0$26,829$33,594$0$11,942$0$445,703$0$0$0
MATIAS ZALDARRIAGA
NATURAL SCIENCE FAC$431,286$0$13,133$33,594$0$31,569$0$509,582$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE J, PART I, LINE 1 - HOUSINGTHE 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 PAYTHREE 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.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
NJ EDU FAC AUTH IAS ISSUE 2006 SERIES B
A22182951164605LQ922006-07-19$29,600,000ADVANCE REFUNDING - 2001 & 1997falsefalsefalse
NJ EDU FAC AUTH IAS ISSUE 2006 SERIES C
B22182951164605L7Q52007-03-15$20,000,000CAPITAL IMPROVEMENTSfalsefalsefalse
NJ EDU FAC AUTH IAS ISSUE 2008 SERIES C
C221829511646065PY22008-04-17$11,818,513CURRENT REFUNDING - 1997falsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$6,200,000$0$32,214,439$0$0$0$473,908$0$0$0$29,126,092$02006falseYes (true)Yes (true)Yes (true)
B$4,000,000$0$20,814,743$0$0$0$266,350$0$0$20,548,393$0$02012falsefalseYes (true)Yes (true)
C$8,483,513$0$11,885,689$0$0$0$236,370$0$0$0$11,577,375$02008Yes (true)falseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdPrivate Bus Use By OthersPrivateBusUseByOthersPctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndEngage Bond Counsel ResearchEngageBondCounselResearchInd
A0falsefalsefalsefalse
B0Yes (true)falsefalseYes (true)falsefalsefalse
C0Yes (true)falsefalseYes (true)Yes (true)Yes (true)Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
SEE PART VI
AfalsefalsefalseYes (true)Yes (true)Yes (true)21.falsefalsefalse0Yes (true)Yes (true)
0
BYes (true)Yes (true)falsefalse0Yes (true)Yes (true)
0
CYes (true)falsefalseYes (true)falsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceBONDSFormAndLineReferenceDesc
ExplanationSCHEDULE 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) - JULY 13, 2011 FOR THE 2006 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.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonPETER GODDARDPersonNm
Relationship With OrgFormer Dir/FacultyRelationshipWithOrgTxt
Loan PurposeMORTGAGELoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$710,056OriginalPrincipalAmt
Balance Due$592,619BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$592,619TotalBalanceDueAmt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
TWO SIGMA
TRUSTEE$4,272,805INVESTMENT FEESfalse
MARIA DE JONG
SPOUSE OF DIRECTOR$75,000EMPLOYMENTfalse

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution19ContributionCnt
Noncash Contributions Rpt F990$1,203,001NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE M, PART I, COLUMN (B)FormAndLineReferenceDesc
ExplanationNUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED THE INSTITUTE IS REPORTING THE NUMBER OF CONTRIBUTIONS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ORGANIZATION'S MISSIONFORM 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, HOMER A. THOMPSON, JOHN VON NEUMANN, GEORGE KENNAN AND HERMANN WEYL. 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 - MEMBERSTHE 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 990THE 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 ONE GIFT LISTED IN SCHEDULE B REQUIRED CONFIDENTIALITY, AND THEREFORE, ALTHOUGH THE DONOR WAS LISTED IN THE SCHEDULE B PROVIDED TO THE BOARD, THE AMOUNT OF THE INDIVIDUAL GIFT WAS NOT.
FORM 990 PART VI LINE 12C - CONFLICT OF INTEREST POLICYPURSUANT 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 RETENTIONUNDER THE INSTITUTE'S DOCUMENT RETENTION POLICY, THE INSTITUTE'S PRACTICE IS TO RETAIN DOCUMENTS FOR SEVEN YEARS.
Form 990, Part VI, Line 15a - CompensationALL 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 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, INVESTMENT DIRECTOR AND INVESTMENT ANALYST.
Form 990, Part VI, Line 19 - Governing DocumentsTHE 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 CHANGESCHANGE IN FAIR VALUE OF BOND SWAP LIABILITY: ($472,494).

Schedule R IRS990ScheduleR

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Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
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