2012-05-15T10:38:36-04:00 2011-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2010-07-01 061043412 WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH WHIT 6172585000 NINE CAMBRIDGE CENTER CAMBRIDGE MA 021421479 SHARON FRANCIS 2012-05-15 true PRICEWATERHOUSECOOPERS LLP 6175305000 2010 2016-02-24 21:20:13Z DAVID PAGE NINE CAMBRIDGE CENTER CAMBRIDGE MA 021421479 165074482 false X WWW.WI.MIT.EDU X 1982 MA SEE SCHEDULE O. 17 15 396 29 13597 -3 32834466 33803316 451665 488112 25066303 22500934 8874219 9037359 67226653 65829721 0 0 0 0 27437419 28525945 0 0 766601 49295305 40802541 76732724 69328486 -9506071 -3498765 477787129 539050931 52320169 48672372 425466960 490378559 X SEE SCHEDULE O. false false 43810758 488112 Biological & Life Sciences Research Programs, Gene 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. 43810758 true true false true false false true false true true true false false true false 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 X 224 0 true 396 true true true false false false false false false false false false X 17 15 true false false false false false false true true false false true true true true true true true true false MA X LAURA SANDER 6172585932 NINE CAMBRIDGE CENTER CAMBRIDGE MA 021421479 X DR DAVID PAGE 10.0 X X 307144 0 0 MR ARTHUR BRILL 2.0 X X 0 0 0 DR CHARLES ELLIS 5.0 X 0 0 0 MS SUSAN WHITEHEAD 2.0 X 0 0 0 MR LANDON CLAY 2.0 X 0 0 0 MS BRIT D'ARBELOFF 2.0 X 0 0 0 MR JONATHAN GOLDSTEIN 2.0 X 0 0 0 DR PETER HECHT 2.0 X 0 0 0 DR PETER KIM 2.0 X 0 0 0 MR DAVID KOCH 2.0 X 0 0 0 DR ROBERT LANGER 2.0 X 0 0 0 DR MARK LAPMAN 2.0 X 0 0 0 DR PHILLIP SHARP 2.0 X 0 0 0 MR JOHN WHITEHEAD 2.0 X 0 0 0 MR PETER WHITEHEAD 2.0 X 0 0 0 DR NANCY ROSE 2.0 X 0 0 0 MR NEIL CHAYET 2.0 X 0 0 0 MR MARTIN MULLINS 40.0 X 365766 0 30561 MS LAURA SANDER 40.0 X 71966 0 3475 MS KIMBERLY FORNESS 40.0 X 87933 0 11853 DR GERALD FINK 40.0 X 294853 0 31372 DR RUDOLF JAENISCH 40.0 X 256846 0 36796 DR HIDDE PLOEGH 40.0 X 266433 0 29107 DR HAZEL SIVE 40.0 X 247722 0 28233 DR TERRY ORR-WEAVER 40.0 X 247591 0 25158 2146254 0 196555 37 false true false WILLIAMS CONNOLLY LLP 725 TWELFTH ST NW WASHINGTON DC 20005 LEGAL COUNSEL 3218489 CAPITAL GUARDIAN TRUST COMPANY 120 SOUTH COLLEGE BOULEVARD BREA CA 92821 INVESTMENT MANAGER 2143107 SIENNA CONSTRUCTION CORP 25 BIRCH STREET CAMBRIDGE MA 02138 CONTRACTING SERVICES 805801 THE INVESTMENT FUND FOR FOUNDATIONS 200 CARR HARBOR DR STE 100 WEST CONSHOHOCKEN PA 19428 INVESTMENT MANAGER 629676 BAIN CAPITAL 111 HUNTINGTON AVENUE BOSTON MA 02199 INVESTMENT MANAGER 487567 15 25055526 8747790 154523 33803316 SCIENTIFIC SERVICES 900099 488112 488112 488112 8758776 0 13597 8745179 0 3549918 3549918 7355799 4123434 3232365 3232365 3232365 108855699 7786 95121327 13734372 7786 13742158 13742158 0 0 0 MIT FACULTY SUPPORT 900099 800000 800000 EQUITY TRANSFER REVENUE 900099 407702 407702 OTHER 900099 1047374 1047374 2255076 65829721 488112 13597 31524696 0 0 0 0 1009603 1009603 0 19221109 13204300 5574212 442597 1675382 1158150 477468 39764 5227165 3590899 1515902 120364 1392686 934034 426583 32069 0 1346224 4940 1341102 182 950423 950423 0 0 2499741 2499741 169836 95251 69465 5120 8738 8738 674925 260616 363851 50458 524049 260776 239276 23997 1080647 1080647 3090871 1300219 1790652 449446 341960 93754 13732 0 584772 129123 422245 33404 1217011 721289 495722 0 8203513 3347092 4856421 122426 122426 LAB SUPPLIES AND EQUIPMENT 8732103 8732103 FELLOWSHIPS 4499298 4448222 51076 ANIMAL CARE 1705889 1705889 RESEARCH SUBCONTRACTS 1661521 1661521 EQUIP. PURCH/RENT REPAIR MAINT 1823174 868319 952559 2296 1457934 1046055 409261 2618 69328486 43810758 24751127 766601 2286 2286 8772597 5738372 2371887 2587735 1775612 1961778 533671 460307 935482 820660 1142757 1178165 168531827 109608160 63282690 58923667 4178132 45357248 393127796 420293272 1664219 1727441 477787129 539050931 4993292 4055869 2645071 3263143 43044762 39894549 1637044 1458811 52320169 48672372 X 400298117 463621749 21018338 22606305 4150505 4150505 425466960 490378559 477787129 539050931 X -3498765 68410364 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 7938 7938 false LOBBYING ACTIVITIES 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 332500341 75450746 17175000 390776087 309747030 40934311 18181000 332500341 397020184 -71844246 16136371 309039567 0.99000 0.01000 false false 3977500 3977500 86024079 50906740 35117339 33818293 25372077 8446216 44369759 33329343 11040416 342196 342196 58923667 GLOBAL/EMERGING MKT EQ. SEC. 212357764 F ABSOLUTE INCOME EQUITY SECURIT 53465365 F EMERGING MKTS DEBT SECURITIES 33538196 F HEDGE FUNDS - ABSOLUTE RETURN 43217702 F PRIVATE EQUITY- FUNDS OF FUNDS 24671647 F PRIVATE EQUITY - INDUSTRY/VAR 30647624 F PRIVATE EQUITY - REAL ESTATE 22220335 F CASH & CASH EQUIVALENTS 174639 F 420293272 0 POST RETIREMENT HEALTH BENEFITS 1458811 1458811 65829721 69328486 -3498765 68208006 202358 68410364 64911599 138161161 68208006 4123434 72331440 65829721 65829721 73451920 4123434 4123434 69328486 69328486 COLLECTIONS 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. ENDOWMENT 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 OPERATIONS, AS APPROVED BY THE BOARD, FROM TOTAL INVESTMENTS. FIN 48 SCHEDULE D, PART X THE INSTITUTE HAS BEEN DESIGNATED, FOR TAX PURPOSES, 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 8 LOSS ON DISPOSAL OF FIXED ASSETS (589,437) POSTRETIREMENT RELATED CHANGE 791,795 ---------- TOTAL 202,358 SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSES - 4,123,434 SCHEDULE D, PART XIII, LINE 2D RENTAL EXPENSES - 4,123,434 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 NOTICE OF THE NON-DISCRIMINATORY POLICY IS PUBLISHED ANNUALLY IN THE SUNDAY EDUCATION SECTION OF THE BOSTON GLOBE. ALSO, ALL JOB POSTINGS LISTED ON THE INSTITUTE'S EXTERNAL WEBSITE STATE THAT THE INSTITUTE IS AN EQUAL OPPORTUNITY EMPLOYER. SCHEDULE E, LINE 6A THE INSTITUTE RECEIVES RESEARCH GRANTS FROM THE GOVERNMENT. Central America and the Caribbean 0 0 Investments 31853853 0 0 0 0 31853853 31853853 true false true true true false X false true X X X X false false false false false false false true false DR DAVID PAGE 0 0 0 0 307144 0 0 0 0 0 307144 0 0 0 MR MARTIN MULLINS 288998 0 70000 0 6768 0 27839 0 2722 0 396327 0 0 0 DR GERALD FINK 280684 0 0 0 14169 0 27839 0 3533 0 326225 0 0 0 DR RUDOLF JAENISCH 248243 0 0 0 8603 0 27839 0 8957 0 293642 0 0 0 DR HIDDE PLOEGH 219326 0 0 0 47107 0 25166 0 3941 0 295540 0 0 0 DR HAZEL SIVE 194093 0 0 0 53629 0 23292 0 4941 0 275955 0 0 0 DR TERRY ORR-WEAVER 196098 0 0 0 51493 0 22189 0 2969 0 272749 0 0 0 SCHEDULE J, PART I, LINES 1A AND 1B DAVID PAGE RECEIVES A HOUSING ALLOWANCE. NO WRITTEN POLICY IS CURRENTLY IN PLACE, HOWEVER THE BOARD APPROVED HOUSING ALLOWANCE IS PART OF THE COMPENSATION PACKAGE FOR THE DIRECTOR OF THE INSTITUTE. SCHEDULE J, PART I, LINE 7 AND PART II, COLUMN (B)(ii) THE BONUS REPORTED IN COLUMN B(ii) REPRESENTS A NON-FIXED PAYMENT IN RECOGNITION OF MEETING CERTAIN PERFORMANCE GOALS FOR CALENDAR YEARS 2009 AND 2010. MHEFA (2008 LOAN) 042456011 57585KA57 2008-10-30 4000000 EQUIPMENT PURCHASES false false true 1440263 4000000 30263 3969737 2011 false false true true false false false false false 0.00000 0.00000 0.00000 true true false false false false false SEE SCHEDULE O. DAVID PAGE - MORTGAGE ASSISTANCE X 350000 254057 false true true HIDDE PLOEGH - MORTGAGE ASSISTANCE X 350000 206250 false true true 460307 MERCK CO INC DIRECTOR IS OFFICER 140000 ROYALTY PAYMENTS ON PATENTS false X 8 154523 AVG OF HI/LOW 0 false true false SCHEDULE M, COLUMN B THE INSTITUTE IS REPORTING THE NUMBER OF CONTRIBUTIONS. MISSION FORM 990, PART I, LINE 1 AND PART III, LINE 1 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. VOLUNTEERS FORM 990, PART I, LINE 6 THE INSTITUTE DOES NOT FORMALLY TRACK VOLUNTEERS, BUT HAS INCLUDED THE NUMBER OF BOARD MEMBERS AND COMMITTEE MEMBERS OF THE BOARD OF ASSOCIATES (FRIENDS OF THE INSTITUTE) THAT ARE UNCOMPENSATED. RELATIONSHIPS 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. CONFLICT OF INTEREST POLICY 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 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, UNBAISED JUDGEMENT 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 ADVISES THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, LINE 15 THERE IS A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS THAT ANNUALLY REVIEWS AND RECOMMENDS CHANGES OF THE PRESIDENT'S SALARY. FACULTY SALARIES ARE SET BY MIT YEARLY. 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. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, LINE 19 THE INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST. FORM 990, PART XI, LINE 5 NET UNREALIZED GAINS 68,208,006 LOSS ON DISPOSAL OF FIXED ASSETS (589,437) POSTRETIREMENT RELATED CHANGE 791,795 ---------- TOTAL 68,410,364 FORM 990, SCHEDULE K, PART III THE INSTITUTE HAS DETERMINED THAT ITS MONITORING OF PRIVATE BUSINESS USE IS SUFFICIENT AT THIS TIME BASED ON THE MATERIALITY OF EXTERNAL BILLING AND THE MAKEUP OF ITS EXTERNAL CUSTOMER BASE. SHOULD THE VOLUME OF ACTIVITY AND/OR CHANGES IN CUSTOMER MAKE UP BECOME SIGNIFICANT THE INSTITUTE WILL RE-EVALUATE THE NEED FOR A MORE ADVANCED MONITORING METHOD.