2014-05-15T08:39:38-05:00 2013-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2012-07-01 061043412 WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH % LAURA SANDER WHIT 6172585000 NINE CAMBRIDGE CENTER Suite CAMBRIDGE MA 021421479 SHARON FRANCIS 6172585000 2014-05-14 true PRICEWATERHOUSECOOPERS LLP 6175305000 2012 2015-11-30 17:44:51Z DAVID PAGE NINE CAMBRIDGE CENTER CAMBRIDGE MA 021421479 406256979 false X WWW.WI.MIT.EDU X 1981 MA SEE SCHEDULE O. 19 17 412 32 -282238 -305458 32697910 32908670 758303 647079 20892037 29904091 10120277 8161329 64468527 71621169 0 0 0 0 29551806 31775657 0 0 1057405 41121833 41062771 70673639 72838428 -6205112 -1217259 506336838 529281783 59550418 55231335 446786420 474050448 X SEE SCHEDULE O. false false 57711120 0 647079 WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH IS AN INDEPENDENT NONPROFIT RESEARCH AND TEACHING INSTITUTION LOCATED IN CAMBRIDGE, MASSACHUSETTS. THE INSTITUTE WAS INCORPORATED IN 1981 TO PROMOTE AND EXPAND HUMAN KNOWLEDGE IN THE BIOMEDICAL AND OTHER SCIENTIFIC FIELDS WITH THE ULTIMATE GOAL OF IMPROVING HUMAN HEALTH AND WELL-BEING. THE RESEARCH OF THE INSTITUTE FOCUSES ON BASIC BIOLOGICAL PROCESSES INVESTIGATED MAINLY FROM A MOLECULAR OR CELLULAR PERSPECTIVE. RESEARCH IS CONDUCTED IN SEVERAL AREAS, INCLUDING CANCER, NEURODEGENERATIVE DISEASES, REGENERATIVE BIOLOGY, IMMUNOLOGY AND GENETICS. THE RESEARCH OF THE INSTITUTE IS CONDUCTED UNDER THE LEADERSHIP OF PRINCIPAL INVESTIGATORS WHO HOLD JOINT APPOINTMENTS TO THE FACULTIES OF THE INSTITUTE AND MASSACHUSETTS INSTITUTE OF TECHNOLOGY ("MIT") (THE "INSTITUTE FACULTY"). THE MEMBERS OF THE INSTITUTE FACULTY ARE RECOGNIZED LEADERS IN THEIR FIELDS. THE INSTITUTE FACULTY INCLUDE THREE RECIPIENTS OF THE NATIONAL MEDAL OF SCIENCE, FIVE HOWARD HUGHES MEDICAL INSTITUTE INVESTIGATORS, NINE MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES AND FIVE MEMBERS OF THE INSTITUTE OF MEDICINE. FOR MORE THAN TWO DECADES, WHITEHEAD INSTITUTE HAS MAINTAINED A STEADFAST COMMITMENT TO SCIENCE EDUCATION AND OUTREACH BY OFFERING PROGRAMS TO ENHANCE SCIENCE TEACHING AND LEARNING FOR THE ENTIRE COMMUNITY. WITH A VARIETY OF PROGRAMS RANGING IN SCOPE FROM LECTURES AND WORKSHOPS FOR TEACHERS AND STUDENTS TO SPECIAL EVENTS FOR NON-SCIENTISTS, WHITEHEAD OFFERS ITS PARTICIPANTS FIRST-HAND EXPOSURE TO STATE-OF-THE-ART RESEARCH. THESE PROGRAMS INCLUDE: SEMINAR SERIES FOR HIGH SCHOOL TEACHERS - THIS MONTHLY PROGRAM PROVIDES EDUCATORS AND OPPORTUNITY TO EXPLORE TOPICS AT THE FOREFRONT OF BIOMEDICAL RESEARCH. THE SERIES BEGINS IN OCTOBER AND LECTURES ARE HELD THE FIRST MONDAY OF EVERY MONTH THROUGH JUNE. SPRING LECTURE SERIES FOR HIGH SCHOOL STUDENTS - THIS PROGRAM, HELD DURING THE PUBLIC SCHOOL SPRING VACATION WEEK, FEATURES LECTURES FROM LEADING SCIENTIFIC EXPERTS, HANDS-ON LABORATORY DEMONSTRATIONS, VISITS TO LOCAL BIOTECHNOLOGY COMPANIES, AND INTERACTIONS WITH YOUNG WHITEHEAD INSTITUTE SCIENTISTS. SCIENCE WEEKS FOR MIDDLE SCHOOL STUDENTS - WHITEHEAD INSTITUTE HAS DEVELOPED IMMERSIVE, WEEK-LONG PROGRAMS FOR RISING 6TH, 7TH, AND 8TH GRADERS FEATURING HANDS-ON ACTIVITIES, CLASSROOM LESSONS, AND INTERACTIONS WITH SCIENTISTS. TWO SUCH SESSIONS ARE HELD IN THE SUMMER MONTHS; A THIRD, FOCUSING ON THE SCIENCE OF FORENSICS IN CRIMINAL INVESTIGATIONS, OCCURS IN FEBRUARY BIOLOGY WEEK - AS A SERVICE TO THE SCIENTIFIC COMMUNITY, WHITEHEAD INSTITUTE HOSTS BIOLOGY WEEK, A WEB-BASED CALENDAR OF BIOLOGY SEMINARS AND SYMPOSIA IN THE BOSTON/CAMBRIDGE AREA. PUBLIC PROGRAM COLLABORATIONS - WHITEHEAD INSTITUTE ROUTINELY PARTNERS WITH VARIOUS RESEARCH INSTITUTIONS AND BIOTECHNOLOGY ORGANIZATIONS IN COORDINATING EDUCATIONAL PROGRAMMING FOR HIGH SCHOOL STUDENTS, TEACHERS, AND SCIENTISTS. 57711120 true true false true false false false true false true true true false false true true true false true false true false false false false false false false false true true false false false false false true false false false true true false false false false false false false false false true 217 0 true 412 true true true false false false false false false false false false X 19 17 true false false false false false false true true false false true true true true true true true false false MA X LAURA SANDER 6172585932 NINE CAMBRIDGE CENTER CAMBRIDGE MA 021421479 X DR DAVID PAGE 10.0 X X 382137 MR ARTHUR BRILL 2.0 X X DR CHARLES ELLIS 5.0 X MS SUSAN WHITEHEAD 2.0 X MR LANDON CLAY 2.0 X MS BRIT D'ARBELOFF 2.0 X MR JONATHAN GOLDSTEIN 2.0 X DR PETER HECHT 2.0 X DR PETER KIM 2.0 X MR DAVID KOCH 2.0 X DR ROBERT LANGER 2.0 X DR MARK LAPMAN 2.0 X DR NANCY ROSE 2.0 X DR PHILLIP SHARP 2.0 X MR JOHN WHITEHEAD 2.0 X MR PETER WHITEHEAD 2.0 X MR NEIL CHAYET 2.0 X DR JOSHUA S BOGER 2.0 X DR WILLIAM POUNDS 2.0 X MR MARTIN MULLINS 40.0 X 332116 0 32148 MS LAURA SANDER 40.0 X 228797 34260 MS KIMBERLY FORNESS 40.0 X 64182 18764 MS CAROLINE ROMANO 40.0 X 50654 5721 DR GERALD FINK 40.0 X 303026 33826 DR HIDDE PLOEGH 40.0 X 291971 33155 DR RUDOLF JAENISCH 40.0 X 275206 36071 DR ROBERT WEINBERG 40.0 X 263750 33826 DR TERRY ORR-WEAVER 40.0 X 245059 28825 2436898 0 256596 34 false true false CAPITAL GUARDIAN TRUST COMPANY 120 SOUTH COLLEGE BLVD BREA CA 92821 INVESTMENT MANAGER 1031302 SIENNA CONSTRUCTION CORP 25 BIRCH STREET CAMBRIDGE MA 02138 CONTRACTING SERVICES 1076433 THE INVESTMENT FUND FOR FOUNDATIONS 4 TOWER BRIDGE200 BARR HARBOR DR S WEST CONSHOHOCKEN PA 19428 INVESTMENT MANAGER 760782 BAIN CAPITAL 111 HUNTINGTON AVENUE BOSTON MA 02199 INVESTMENT MANAGER 427173 SALT CREEK CATERING 15 BREWER LN READING MA 01867 CATERING 384884 9 21960974 10947696 95717 32908670 SCIENTIFIC SERVICES 900099 397079 397079 MIT FACULTY SUPPORT 900099 250000 250000 647079 9551786 -282238 9834024 4999 4999 4522456 4522456 7521255 4262152 3259103 0 3259103 3259103 350720964 330373658 20347306 20347306 20347306 0 0 0 COMPENSATION FOR CHANGES IN SPACE USAGE 900099 150000 150000 COMPENSATION FROM CLASS ACTION SUIT SETTLEMENT 900099 97485 97485 PROCESSING FEES FOR ADMIN ROYALTIES 900099 59292 59292 72993 72993 379770 71621169 647079 -282238 38347658 0 0 0 0 1136927 196134 940793 0 21530453 18421438 2479867 629148 1940244 1660072 223476 56696 5638974 4669764 842207 127003 1529059 1308261 176116 44682 0 762320 551154 211166 335095 335095 0 0 2424868 2424868 314243 140477 138936 34830 1882 1468 414 547498 409950 101398 36150 708206 502908 197761 7537 1718644 1718644 3640545 3058021 582524 381922 283705 62684 35533 0 173459 144759 22888 5812 1998634 1679723 318911 0 8041001 4345700 3695301 189545 189545 LAB SUPPLIES 9559001 9559001 FELLOWSHIPS 3168535 3119609 48926 RESEARCH SUBCONTRACTS 2307949 2307949 EQUIP PURCH/RENT REPAIR MAIN 1902822 1373391 520692 8739 2886602 2258992 556335 71275 72838428 57711120 14069903 1057405 2886 3188 9386423 7839817 3383736 4381338 1966684 1746018 386145 361145 0 0 992245 1063762 0 0 1792976 1907091 174348666 123401453 55184077 50947213 37915408 5437225 392885971 452717266 0 0 0 0 2440287 2877720 506336838 529281783 4388855 4640877 0 0 3559055 2283896 48292438 45716413 0 0 0 0 0 0 0 0 3310070 2590149 59550418 55231335 X 426141010 457999523 16494905 11900420 4150505 4150505 446786420 474050448 506336838 529281783 X -1217259 27353113 1128174 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 8220 8220 false SCHEDULE C, PART II-B, LINE 1I: THE INSTITUTE BELONGS TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. AMOUNT REPORTED IN PART II-B, LINE 1I REPRESENTS THE ENTIRE AMOUNT OF DUES PAID. 297167 X false false false 396521082 50509420 19917300 427113202 391037591 41061916 -15923653 19654772 396521082 332575001 75711790 17249200 391037591 309747030 41008971 18181000 332575001 397020184 -68910154 18363000 309747030 0.99000 0.01000 0.00000 false false false 3977500 3977500 89043456 57077785 31965671 33818293 30274540 3543753 47212250 36049128 11163122 297167 0 297167 50947213 GLOBAL/EMERGING MKT EQ. SEC. 222268653 F ABSOLUTE INCOME EQUITY SEC 45410758 F HEDGE FUNDS - ABSOLUTE RETURN 96506923 F PRIVATE EQUITY- FUNDS OF FUNDS 37519800 F PRIVATE EQUITY - INDUSTRY/VAR 21175409 F PRIVATE EQUITY - REAL ESTATE 29674120 F CASH & CASH EQUIVALENTS 161603 F 452717266 0 POST RETIREMENT HEALTH BENEFIT 2590149 2590149 X 103236434 27353113 4262152 31615265 71621169 71621169 77100580 4262152 4262152 72838428 72838428 SCHEDULE D, PART III, LINE 4: THE INSTITUTE'S ART COLLECTION WAS PURCHASED WITH A GIFT FROM ITS FOUNDER, EDWIN C. WHITEHEAD. THE COLLECTION CONSISTS OF 77 ARTWORKS EXECUTED IN OIL, ACRYLIC, WATERCOLOR AND MIXED MEDIA, PRINTS AND PHOTOGRAPHY. THE COLLECTION'S PURPOSE IS TO HELP CREATE/FOSTER A STIMULATING ENVIRONMENT THAT PROMOTES AN INNOVATIVE CULTURE TO ACHIEVE THE MISSION OF THE INSTITUTE. SCHEDULE D, PART V: THE INSTITUTE'S FY 2011 ENDOWMENT FUND ACCOUNTING WAS RESTATED IN CONNECTION WITH ITS FY 2012 FINANCIAL STATEMENTS TO MORE ACCURATELY REFLECT THE INSTITUTE'S USE OF ENDOWMENT FUNDS. SCHEDULE D, PART V, LINE 4: THE INSTITUTE'S ENDOWMENT FUNDS ARE USED TO UNDERWRITE THE RESEARCH PROGRAM OF THE INSTITUTE AS WELL AS TO FUND THE ADMINISTRATION AND OPERATION OF THE INSTITUTE. THE INSTITUTE HAS ADOPTED ENDOWMENT INVESTMENT AND SPENDING POLICIES THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE INSTITUTE'S MISSION, SUPPORTED BY ITS ENDOWMENT, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF ENDOWMENT ASSETS. THESE POLICIES DETERMINE THE AMOUNT THAT MAY BE DRAWN FROM ITS ENDOWMENT FUNDS. THE INSTITUTE DRAWS FUNDS FOR RESEARCH AND OPERATIONS, AS APPROVED BY THE BOARD, FROM TOTAL INVESTMENTS. SCHEDULE D, PART X, LINE 2: WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH ("THE INSTITUTE") DID NOT REPORT A LIABILITY FOR UNCERTAIN TAX POSITIONS. THE INSTITUTE'S FIN 48 FOOTNOTE IS AS FOLLOWS: FOR TAX PURPOSES, THE INSTITUTE HAS BEEN DESIGNATED AS A PUBLICLY SUPPORTED EDUCATIONAL INSTITUTE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INSTITUTE COMPLIES WITH AUTHORITATIVE GUIDANCE AND ACCOUNTING FOR AND DISCLOSURE OF UNCERTAINTY IN TAX POSITIONS. SCHEDULE D, PART XI, LINE 2D: RENTAL EXPENSES - 4,262,152 SCHEDULE D, PART XII, LINE 2D: RENTAL EXPENSES - 4,262,152 true true false true true true true false false false false false false false false true false true SCHEDULE E, LINE 3: WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH SATISFIES THE REQUIREMENTS OF REV. PROC. 75-50, SECTION 4.03(2)(B). THE INSTITUTE TRADITIONALLY HAS RECRUITED STUDENTS NATIONALLY AND AROUND THE WORLD AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE INSTITUTE HAS A LONG HISTORY OF RECRUITING STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, AND TRAINS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. SCHEDULE E, LINE 6A: THE INSTITUTE RECEIVES RESEARCH GRANTS FROM THE FEDERAL GOVERNMENT. Central America and the Caribbean 0 0 Investments 123770347 0 0 0 0 123770347 123770347 true false true true true false X true true X X X false false false false false false false true false DR DAVID PAGE 382137 382137 MR MARTIN MULLINS 321235 0 0 0 10881 0 28383 0 3765 0 364264 0 0 0 MS LAURA SANDER 222365 5000 1432 26000 8260 263057 DR GERALD FINK 291174 11852 28383 5443 336852 DR HIDDE PLOEGH 225912 66059 26267 6888 325126 DR RUDOLF JAENISCH 263778 11428 28383 7688 311277 DR ROBERT WEINBERG 251423 12327 28383 5443 297576 DR TERRY ORR-WEAVER 216167 28892 24726 4099 273884 SCHEDULE J, PART I, LINES 1A & 1B: WHITEHEAD HAS A BOARD COMPENSATION COMMITTEE, WHICH HAS A CHARTER. IN ADDITION, WHITEHEAD HAS AN EXECUTIVE COMPENSATION POLICY. DAVID PAGE'S HOUSING ALLOWANCE IS IN ACCORDANCE WITH THE COMPENSATION COMMITTEE CHARTER AND EXECUTIVE COMPENSATION POLICY. SCHEDULE J, PART I, LINE 7 & PART II, COLUMN (B)(II): THE BONUS REPORTED IN COLUMN B(II) REPRESENTS A NON-FIXED PAYMENT MADE TO MS. LAURA SANDER IN RECOGNITION OF MEETING CERTAIN PERFORMANCE GOALS FOR CALENDAR YEARS 2012. MS. KIMBERLY FORNESS ALSO RECEIVED A NON-FIXED BONUS PAYMENT IN RECOGNITION OF MEETING CERTAIN PERFORMANCE GOALS. THIS AMOUNT IS INCLUDED IN FORM 990, PART VII, SECTION A, COLUMN (D). A MHEFA (2008 LOAN) 042456011 2008-10-30 4000000 EQUIPMENT PURCHASES false false true B MASS DEVELOPMENT FINANCE AGENCY 043431814 57583UEV6 2011-07-01 43581560 SEE PART VI false false false A 2591120 0 4000000 0 0 0 30263 0 0 3969737 0 0 2011 false false true true B 2543722 0 43581560 0 0 0 581560 0 0 7327028 33000000 2672972 true false false true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0 false false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true FORM 990, SCHEDULE K, PART I, COLUMN F, LINE B: 0 DESCRIPTION OF PURPOSE: BUILDING IMPROVEMENTS AND EQUIPMENT PURCHASES; REFUND OF 1993 AND 1995 BONDS. SCHEDULE K, PART III: THE INSTITUTE MONITORS THE USE OF BOND-FINANCED FACILITIES AND EQUIPMENT AND HAS DETERMINED THAT IT HAS NO MANAGEMENT OR SERVICE CONTRACTS, RESEARCH CONTRACTS, UNRELATED TRADE OR BUSINESS ACTIVITIES, OR OTHER ACTIVITIES WITH RESPECT TO BOND-FINANCED EQUIPMENT OR FACILITIES THAT WOULD RESULT IN PRIVATE BUSINESS USE. DAVID PAGE DIR/PRES MORT ASST X 350000 204895 false true true HIDDE PLOEGH MEMBER(FAC) MORT ASST X 350000 156250 false true true 361145 MERCK CO INC TRUSTEE AS OFFICER 140000 ROYALTY PAYMENTS ON PATENTS false X 7 95717 FMV 0 false true false SCHEDULE M, COLUMN B: THE INSTITUTE IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 & PART III, LINE 1: ORGANIZATION'S MISSION: WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH ("THE INSTITUTE") ENGAGES IN BIOMEDICAL RESEARCH AND EDUCATION TO FOSTER THE UNDERSTANDING OF BIOLOGICAL SYSTEMS, ORGANISMS, AND PROCESSES, WITH THE ULTIMATE GOAL OF IMPROVING HUMAN HEALTH AND WELL-BEING. FORM 990, PART I, LINE 6: THE INSTITUTE DOES NOT FORMALLY TRACK VOLUNTEERS, BUT HAS INCLUDED THE NUMBER OF BOARD MEMBERS AND EXECUTIVE COMMITTEE MEMBERS OF THE BOARD OF ASSOCIATES (FRIENDS OF THE INSTITUTE) THAT ARE UNCOMPENSATED. FORM 990, PART VI, LINE 2: JOHN, PETER, AND SUSAN WHITEHEAD (ALL DIRECTORS) HAVE A FAMILY RELATIONSHIP AND A BUSINESS RELATIONSHIP. FORM 990, PART VI, LINE 11B: THE PROCESS FOR THE FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT, THE AUDIT COMMITTEE, AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE RETURN AND THE FULL BOARD RECEIVES A FINAL COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, LINE 12C: PROMPTLY AFTER THE END OF EACH FISCAL YEAR OF THE INSTITUTE (JUNE 30), AND IMMEDIATELY FOLLOWING ELECTION TO THE BOARD, OR AS AN OFFICER, FOR THE FIRST TIME, DIRECTORS AND OFFICERS SHALL SUBMIT TO THE VICE PRESIDENT, OR SUCH PERSON AS THE DIRECTOR MAY DESIGNATE, A COMPLETED DISCLOSURE STATEMENT REPORTING INFORMATION SPECIFICALLY REQUESTED IN THE STATEMENT AND ALSO REPORTING ON BEHALF OF THEMSELVES, THEIR FAMILY MEMBERS, AND ORGANIZATIONS WITH WHICH THEY HAVE A BUSINESS RELATIONSHIP, ANY ACTUAL OR PLANNED BUSINESS OR OTHER TRANSACTION OR RELATIONSHIP THAT DIRECTLY OR INDIRECTLY INVOLVES THE INSTITUTE OR THAT FOR SOME OTHER REASON COULD BE CONSTRUED AS A CONFLICT OF INTEREST BECAUSE IT MIGHT AFFECT THEIR INDEPENDENT, UNBIASED JUDGMENT WHEN CARRYING OUT THEIR DUTIES FOR THE INSTITUTE. IF A MATTER COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD IN WHICH A DIRECTOR HAS AN INTEREST (EITHER DIRECTLY OR INDIRECTLY), SUCH DIRECTOR SHOULD WITHDRAW FROM DISCUSSION AND VOTING WHEN THE BOARD OR COMMITTEE ACTS ON SUCH MATTER. CONFLICTS OF INTEREST ARE MONITORED BY THE VICE PRESIDENT AND DIRECTOR WHO ADVISE THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, LINE 15: A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND RECOMMENDS CHANGES TO THE PRESIDENT'S SALARY BASED UPON PERFORMANCE AGAINST MULTI-YEAR GOALS. THE PRESIDENT REVIEWS THE SENIOR MANAGEMENT SALARIES AND REPORTS TO THE BOARD OF DIRECTORS. FACULTY SALARIES ARE SET BY MASSACHUSETTS INSTITUTE OF TECHNOLOGY ON AN ANNUAL BASIS. ALL OTHER OFFICER SALARIES ARE PART OF A RAISE POOL THAT IS DETERMINED ANNUALLY AND APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE BUDGET APPROVAL PROCESS. FORM 990, PART VI, LINE 19: THE INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES: LOSS ON DISPOSAL OF FIXED ASSETS: (159,980) POST-RETIREMENT RELATED CHANGES: 1,288,154 -------------- TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES 1,128,174