2023-05-10T12:30:51-05:00 2022-06-30 135565207 KPMG LLP 1601 MARKET STREET PHILADELPHIA PA 19103 990 2021-07-01 210634988 INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION INST 6097348200 1 EINSTEIN DRIVE PRINCETON NJ 08540 JANINE PURCARO COO, ASSOC DIR FIN 6097348046 2023-05-08 1 JANINE PURCARO 999009999 TESS FANNING - KPMG LLP P02033722 2672567000 2023-05-04 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JANINE PURCARO 1 EINSTEIN DRIVE PRINCETON NJ 08540 464505959 0 X WWW.IAS.EDU X 1930 NJ PURSUIT OF ADVANCED LEARNING AND EXPLORATION IN FIELDS OF PURE SCIENCE. SEE SCHEDULE O. 29 28 509 74 0 0 50903537 39413722 2943144 4644209 4336157 83745318 -371060 -352598 57811778 127450651 11975984 13685531 0 0 31107197 27757059 0 0 1096418 23177601 28671805 66260782 70114395 -8449004 57336256 1299707272 1292353306 130827743 124736190 1168879529 1167617116 X THE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLD'S LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. SEE SCHEDULE O. 0 0 39701375 13680865 3443785 SCHOOL PROGRAMS: THE WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICALSTUDIES, MATHEMATICS, NATURAL SCIENCES AND SOCIAL SCIENCES. SEESCHEDULE O FOR FURTHER DETAILS. 39701375 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 1 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 1 X 112 0 1 509 1 1 1 1 CJ VI MP BF BD 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CA CO CT FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NY OR PA RI SC TN UT VA WI WV X JANINE PURCARO 6097348000 1 EINSTEIN DRIVE PRINCETON NJ 08540 ROBBERT DIJKGRAAF DIRECTOR / TRUSTEE UNTIL 1/2022 40.00 0.00 X 726935 0 82492 DAVID NIRENBERG DIRECTOR / TRUSTEE FROM 2/2022 40.00 0.00 X 0 0 0 CHARLES SIMONYI CHAIRMAN 10.00 0.00 X X 0 0 0 NANCY B PERETSMAN VICE CHAIRMAN 10.00 0.00 X X 0 0 0 NEIL A CHRISS TREASURER 2.00 0.00 X X 0 0 0 NANCY S MACMILLAN SECRETARY 2.00 0.00 X X 0 0 0 CHRISTOPHER COLE TRUSTEE 2.00 0.00 X 0 0 0 SHIRLEY TILGHMAN TRUSTEE 4.00 0.00 X 0 0 0 VICTORIA B BJORKLUND TRUSTEE 2.00 0.00 X 0 0 0 ROGER W FERGUSON JR TRUSTEE 2.00 0.00 X 0 0 0 SANDRA PETERSON TRUSTEE 2.00 0.00 X 0 0 0 AFSANEH BESCHLOSS TRUSTEE 2.00 0.00 X 0 0 0 JOHN OVERDECK TRUSTEE 4.00 0.00 X 0 0 0 JONATHAN NELSON TRUSTEE 2.00 0.00 X 0 0 0 MARK HEISING TRUSTEE 4.00 0.00 X 0 0 0 JEANETTE LERMAN-NEUBAUER TRUSTEE 2.00 0.00 X 0 0 0 NARAYANA MURTHY TRUSTEE 1.00 0.00 X 0 0 0 DAVID M RUBENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 MARIO DRAGHI TRUSTEE 1.00 0.00 X 0 0 0 DARVD F MARQUARDT TRUSTEE 1.00 0.00 X 0 0 0 PETER SVENNILSON TRUSTEE 1.00 0.00 X 0 0 0 EWINE F VAN DISHOECK TRUSTEE 1.00 0.00 X 0 0 0 JORN RAUSING TRUSTEE 1.00 0.00 X 0 0 0 ANN-KRISTIN ACHLEITNER TRUSTEE 1.00 0.00 X 0 0 0 BERNARD HARCOURT TRUSTEE 1.00 0.00 X 0 0 0 FRED HU TRUSTEE 1.00 0.00 X 0 0 0 MIKE SPEISER TRUSTEE 1.00 0.00 X 0 0 0 PAULINE YU TRUSTEE 1.00 0.00 X 0 0 0 CARL P FEINBERG TRUSTEE FROM 10/2021 1.00 0.00 X 0 0 0 MARTIN REES TRUSTEE UNTIL 5/2022 1.00 0.00 X 0 0 0 MANJUL BHARGAVA TRUSTEE UNTIL 6/2022 1.00 0.00 X 0 0 0 WENDELL P WEEKS TRUSTEE FROM 5/2022 1.00 0.00 X 0 0 0 JANINE PURCARO ASS DIR FOR FINANCE 40.00 0.00 X 457135 0 50166 JEFFREY GATTO CHIEF INVESTMENT OFFICER 40.00 0.00 X 801682 0 47415 ADAM SOLAN INVESTMENT OFFICER 40.00 0.00 X 475062 0 40646 MATIAS ZALDARRIAGAA NATURAL SCIENCE FAC 40.00 0.00 X 457312 0 70637 NATHAN SEIBERG NATURAL SCIENCE FAC 40.00 0.00 X 421516 0 50795 CAMILLO DE LELLIS MATHEMATICS FAC 40.00 0.00 X 420313 0 65271 ELIZABETH B WOOD ASS DIR FOR DEV UNTIL 6/2021 40.00 0.00 X 251712 0 48796 4011667 0 456218 60 1 1 0 WS CUMBY INC 938 LINCOLN AVENUE SPRINGFIELD PA 19064 GENERAL CONTRACTOR 3778775 STEVENS & LEE 100 LENOX DRIVE SUITE 200 LAWRENCEVILLE NJ 08648 ATTORNEY 1766953 REDAPTIVE SUSTAINABILITY SERVICES LLC PO BOX 102547 PASADENA CA 91189 CONSULTANT 957781 ALBOURNE AMERICA LLC 655 MONTGOMERY ST SUITE 1910 SAN FRANCISCO CA 94111 CONSULTANT 440000 KPMG LLP PO BOX 120511 DALLAS TX 75312 ACCOUNTANT 327039 15 1685233 4857877 32870612 10292569 39413722 AUXILIARY SERVICES 532000 4644209 3443785 1200424 4644209 -47000 -47000 420468778 336675483 977 83793295 -977 83792318 83792318 26250 1685233 378848 -352598 -352598 127450651 3443785 0 84593144 104666 104666 13483395 13483395 97470 97470 1120771 160818 864453 95500 21586900 12966231 8025952 594717 1796356 1322096 440093 34167 1949756 1434996 477675 37085 1303276 959195 319292 24789 272282 272282 333339 333339 2060570 2060570 1568463 524370 910052 134041 1096816 233475 817343 45998 4721432 2641895 2050904 28633 2419069 2181516 237553 1788902 1557162 217249 14491 1363339 414135 911585 37619 2763377 6504 2756873 8373249 873821 7499428 464041 464041 BOOKS & PERIODICALS 675956 670345 5155 456 RECRUITING 187130 18407 168723 0 FELLOW/EMPLOYEE WELFARE 139511 0 139511 0 444329 50878 344529 48922 70114395 39701375 29316602 1096418 41968 49726 18895570 15043390 6168509 6948373 1889517 1081516 1075896 265861532 126779718 134599181 139081814 236767527 210963077 896643940 915966205 3619544 3224825 1299707272 1292353306 11737370 18206105 10023764 11746164 29200000 26800000 79866609 67983921 130827743 124736190 X 472933096 467796445 695946433 699820671 1168879529 1167617116 1299707272 1292353306 X 57336256 -68770816 10172147 X 0 1 X 1 1 1 X 44351820 26389971 31093375 50903537 39413722 192152425 44351820 26389971 31093375 50903537 39413722 192152425 84424198 107728227 587964 1413930 1504334 -6895609 -47000 -3436381 2034797 1459332 1008756 373327 1200424 6076636 194792680 15689975 0.55300 0.51440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DINING SERVICES - 2017 AMOUNT: $ 2,034,797. 2018 AMOUNT: $ 1,459,332. 2019 AMOUNT: $ 1,008,756. 2020 AMOUNT: $ 373,327. 2021 AMOUNT: $ 1,200,424. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203508 X X X X 0 1125343653 22421546 13393719 33847304 1127311614 784419388 34866174 344079226 38021135 1125343653 776382578 18466830 43513262 53943282 784419388 787278295 7861743 29647681 48405141 776382578 765850415 6031846 56599274 41203240 787278295 0.40110 0.30460 0.29420 0 0 373738 373738 213164566 89427115 123737451 40846416 36057805 4788611 11476812 1294798 10182014 139081814 LIMITED PARTNERSHIPS 373959741 F HEDGE & OFFSHORE FUNDS 542006464 F 915966205 SPLIT INTEREST AGREEMENTS 1218324 POSTRETIREMENT BEN. OBLIGATION 13847056 ASSET RETIREMENT OBLIGATION 1234106 BOND SWAP LIABILITY 1020176 TAXABLE BOND ISSUE & AMORT COSTS 49148729 FINANCE LEASE LIABILITY 1446802 OPERATING LEASE LIABILITY 68728 67983921 X 58349075 -68770816 1350962 -67419854 125768929 2060570 -378848 1681722 127450651 59611560 378848 378848 59232712 2060570 8821113 10881683 70114395 PART X, LINE 2: UNCERTAIN TAX POSITIONS THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS LISTED IN THE INTERNAL REVENUE SERVICE PUBLICATION 78. THE INSTITUTE HAS BEEN CLASSIFIED AS A PUBLIC CHARITY UNDER SECTION 509(A) OF THE CODE. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY 1,350,962. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS -378,848. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 378,848. PART XII, LINE 4B - OTHER ADJUSTMENTS: NET PERIODIC PENSION COST 8,821,113. SCHEDULE D, PART III, LINE 1A- RARE BOOK COLLECTION THE INSTITUTE HOLDS A COLLECTION OF RARE BOOKS USED TO FURTHER SCHOLARLY RESEARCH, IN ACCORDANCE WITH THE MISSION STATEMENT. A VALUATION OF THE RARE BOOK COLLECTION IS INCLUDED IN THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. SCHEDULE D, PART V, LINE 4 - ENDOWMENT FUND THE INSTITUTE'S ENDOWMENT FUNDS PROVIDE ONGOING SUPPORT FOR ITS EXEMPT PURPOSES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS ARE PUBLISHED IN EDUCATIONAL CHRONICLES AND JOURNALS. NOTICES ARE ALSO POSTED AT COLLEGES AND UNIVERSITIES. A NONDISCRIMINATION STATEMENT CAN BE FOUND ON THE INSTITUTE'S WEBSITE. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCY GRANTS ARE RECEIVED FROM VARIOUS GOVERNMENTAL AGENCIES INCLUDING THE DEPARTMENT OF ENERGY, THE NATIONAL SECURITY AGENCY, THE NATIONAL SCIENCE FOUNDATION AND THE NATIONAL ENDOWMENT FOR THE HUMANITIES. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 13722 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 314157 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 13806 NORTH AMERICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 32446 SOUTH ASIA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 3620 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 11522 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SCHOLAR COLLABORATION 1750 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 626986460 NORTH AMERICA 0 0 GRANTMAKING 20000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 77470 0 0 0 0 0 0 627377483 97470 627474953 EUROPE (INCLUDING ICELAND & GREENLAND) STIPEND PAYMENT 25450 WIRE 0 N/A N/A 1 0 STIPEND PAYMENT NORTH AMERICA 1 20000 WIRE N/A N/A STIPEND PAYMENT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 3 52020 WIRE N/A N/A 1 0 1 1 1 0 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS THE INSTITUTE FOR ADVANCED STUDY'S GRANTS ARE AWARDED THROUGH A HIGHLY COMPETITIVE SELECTION PROCESS. AWARDEES (REFERRED TO AS MEMBERS OF THE INSTITUTE), TYPICALLY WORK AND RESIDE AT THE INSTITUTE'S PRINCETON, N.J. CAMPUS. EACH MEMBER IS ASSOCIATED WITH ONE OF THE INSTITUTE'S FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES, OR SOCIAL SCIENCE. THROUGHOUT THE ACADEMIC YEAR, EACH SCHOOL HAS ITS OWN SCHEDULE OF ACADEMIC ACTIVITIES, SUCH AS SEMINARS, CONFERENCES, MEMBERS' PRESENTATIONS, ETC., WHICH PROMOTE COLLABORATION AND CROSS POLLINATION OF IDEAS. INVOLVEMENT IN THESE ACTIVITIES IS A VITAL COMPONENT OF EACH MEMBER'S EXPERIENCE. DUE TO THE TRAVEL RESTRICTIONS BROUGHT ABOUT BY THE COVID-19 PANDEMIC, SEVERAL MEMBERS WHO WERE CHOSEN IN FY 2022 WERE UNABLE TO TRAVEL TO THE INSTITUTE'S CAMPUS IN NEW JERSEY, AND THEREFORE PARTICIPATED IN THEIR SCHOOLS' RESPECTIVE PROGRAMS REMOTELY (SOME FROM LOCATIONS ABROAD). THE INSTITUTE WAS ABLE TO FACILITATE REMOTE ACTIVITY USING ON-LINE CONFERENCE PLATFORMS SUCH AS ZOOM, AND THE SCHOOLS WERE ABLE TO FUNCTION NORMALLY FROM AN ACADEMIC PERSPECTIVE. IN ADDITION TO THE MONITORED PARTICIPATION IN THE SCHOOLS' ACADEMIC PROGRAMS, THE MEMBERS ARE ALSO REQUIRED TO SUBMIT NARRATIVE REPORTS DESCRIBING THE RESEARCH CONDUCTED DURING THEIR APPOINTMENT WITH THE INSTITUTE. PART I, LINE 3: FOREIGN INVESTMENTS THE INVESTMENT EXPENDITURES REPORTED IN SCHEDULE F, PART I, LINE 3 COLUMN (F) IS THE MARKET VALUE AS OF JUNE 30, 2022 AS THIS IS HOW THE INVESTMENTS ARE ACCOUNTED FOR ON THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. PART III ACCOUNTING METHOD: GALA 1711483 1685233 26250 83529 175898 119421 1711483 1685233 26250 83529 175898 119421 378848 -352598 1 PRINCETON PUBLIC SCHOOLS 25 VALLEY ROAD PRINCETON NJ 08540 221817947 PRINCETON 100000 0 GENERAL SUPPORT 1 N/A N/A FELLOWSHIP GRANTS TO MEMBERS 210 13483395 N/A N/A PART I, LINE 2: EACH YEAR, THE INSTITUTE FOR ADVANCED STUDY SELECTS APPROXIMATELY 210 MEMBERS FROM AN AVERAGE OF MORE THAN 1,500 APPLICANTS. MEMBERS ARE SELECTED BY THE FACULTY OF EACH SCHOOL, AND COME TO THE INSTITUTE FOR PERIODS AS SHORT AS ONE TERM OR AS LONG AS SEVERAL YEARS. YOUNG SCHOLARS AND APPLICANTS FROM NON-TRADITIONAL BACKGROUNDS WHO HAVE OUTSTANDING PROMISE ARE CONSIDERED, AS ARE SENIOR SCHOLARS WHOSE REPUTATIONS ARE ALREADY WELL ESTABLISHED. THE MAJOR CONSIDERATION IN THE APPOINTMENT PROCESS IS THE EXPECTATION THAT EACH MEMBER'S PERIOD OF RESIDENCE AT THE INSTITUTE WILL RESULT IN WORK OF SIGNIFICANCE AND ORIGINALITY. MANY MEMBERS PURSUE RESEARCH RELATED TO SPECIFIC INTERESTS OF ONE OR MORE OF THE FACULTY. IN OTHER INSTANCES, THE RESEARCH OF MEMBERS IS IN AREAS NOT CURRENTLY REPRESENTED BY A MEMBER OF THE FACULTY. APPLICATIONS MUST BE SUBMITTED DURING THE ACADEMIC YEAR PRECEDING THE YEAR IN MEMBERSHIP. APPLICATION MATERIALS AND GUIDELINES ARE AVAILABLE FROM EACH OF THE FOUR SCHOOLS ON OUR WEB SITE: SCHOOL OF HISTORICAL STUDIES, SCHOOL OF MATHEMATICS, SCHOOL OF NATURAL SCIENCES, AND SCHOOL OF SOCIAL SCIENCE. OUR WEB SITE ALSO CONTAINS INFORMATION ON OUR SPECIAL PROGRAMS INCLUDING: PROGRAM FOR WOMEN AND MATHEMATICS, INSTITUTE OF ADVANCED STUDY/PARK CITY MATHEMATICS INSTITUTE, AND PROSPECTS IN THEORETICAL PHYSICS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 JEFFREY GATTO CHIEF INVESTMENT OFFICER 600321 0 196330 0 5031 0 35646 0 12777 0 850105 0 0 0 ROBBERT DIJKGRAAF DIRECTOR / TRUSTEE UNTIL 1/2022 692465 0 0 0 34470 0 35646 0 46846 0 809427 0 0 0 MATIAS ZALDARRIAGAA NATURAL SCIENCE FAC 427229 0 0 0 30083 0 35646 0 35198 0 528156 0 0 0 ADAM SOLAN INVESTMENT OFFICER 293000 0 176625 0 5437 0 35646 0 5863 0 516571 0 0 0 JANINE PURCARO ASS DIR FOR FINANCE 354321 0 75000 0 27814 0 35646 0 15558 0 508339 0 0 0 CAMILLO DE LELLIS MATHEMATICS FAC 388904 0 0 0 31409 0 35646 0 29832 0 485791 0 0 0 NATHAN SEIBERG NATURAL SCIENCE FAC 387966 0 0 0 33550 0 35646 0 15356 0 472518 0 0 0 ELIZABETH B WOOD ASS DIR FOR DEV UNTIL 6/2021 235814 0 0 0 15898 0 30441 0 18926 0 301079 0 0 0 DAVID NIRENBERG DIRECTOR / TRUSTEE FROM 2/2022 0 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 1A HOUSING THE INSTITUTE OWNS A RESIDENCE IMMEDIATELY ADJACENT TO THE CAMPUS WHERE IT REQUIRES THE DIRECTOR TO RESIDE. IAS PROVIDES MAINTENANCE AND HOUSE-KEEPING SERVICES FOR THE PROPERTY. IAS TREATS SUCH HOUSING AS NON-TAXABLE HOUSING PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER UNDER INTERNAL REVENUE CODE SECTION 119. THE VALUE OF THE HOUSING IS INCLUDED IN THE DIRECTOR'S NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J. THE DIRECTOR ALSO RECEIVES SOME PERSONAL AND COMPANION TRAVEL, AN AUTOMOBILE, AND PROFESSIONAL FINANCIAL PLANNING SERVICES, ALL OF WHICH ARE TREATED AS TAXABLE AND INCLUDED IN HIS FORM W-2 AMOUNTS ABOVE. PART I, LINE 7 INCENTIVE PAY TWO INVESTMENT OFFICE EMPLOYEES ARE ELIGIBLE TO INCENTIVE COMPENSATION BASED ON THEIR INDIVIDUAL JOB PERFORMANCE AND ON THE RELATIVE PERFORMANCE OF IAS' ENDOWMENT COMPARED WITH MARKET INDICES AND MARKET COMPARISON GROUPS. A NJ EDU FAC AUTH IAS ISSUE 2006 SERIES B 221829511 64605LQ92 2006-07-19 29600000 ADVANCE REFUNDING - 2001 & 1997 0 0 0 B NJ EDU FAC AUTH IAS ISSUE 2006 SERIES C 221829511 64605L7Q5 2007-03-15 20000000 CAPITAL IMPROVEMENTS 0 0 0 A 15300000 32214439 473908 29126092 2006 0 1 1 1 B 7500000 20814743 266350 19733650 2012 0 0 1 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 SEE PART VI 21.000000000000 0 0 0 1 1 B 0 0 0 1 1 0 0 1 1 A 1 B 1 SCHEDULE K, PART I 1. BOND ISSUE A, COLUMN (F): NJ EDU FAC AUTH ISSUE 2006 SERIES B THIS ISSUE ADVANCE REFUNDED A PORTION OF THE NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY BONDS, INSTITUTE FOR ADVANCED STUDY ISSUE 1997 SERIES G AND 2001 SERIES A. SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN THE PROCEEDS LISTED IN PART II AND 3 AND THE ISSUE PRICE IN PART I COLUM (E) IS DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART IV, LINE 2C COLUMN (A) JUNE 30, 2021 FOR THE 2006 B BOND COLUMN (B) JUNE 30, 2021 FOR THE 2006 C BOND SCHEDULE K, PART IV, LINE 4B THE HEDGE PROVIDER IS WELLS FARGO BANK. TWO SIGMA TRUSTEE 1043211 INVESTMENT FEES 0 MARIA DE JONG SPOUSE OF DIRECTOR 43750 EMPLOYMENT 0 X 8 10292569 FMV 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE INSTITUTE IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I - SUMMARY PURSUIT OF ADVANCED LEARNING AND EXPLORATION IN FIELDS OF PURE SCIENCE AND HIGH SCHOLARSHIP TO THE UTMOST DEGREE THAT THE FACILITIES AND THE ABILITY OF THE FACULTY AND SCHOLARS PERMIT. FORM 990, PART III, LINE 1 - ORGANIZATION MISSION THE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLD'S LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. THE INSTITUTE EXISTS TO ENCOURAGE AND SUPPORT FUNDAMENTAL RESEARCH IN THE SCIENCES AND HUMANITIES - THE ORIGINAL, OFTEN SPECULATIVE, THINKING THAT PRODUCES ADVANCES IN KNOWLEDGE THAT CHANGE THE WAY WE UNDERSTAND THE WORLD. IT PROVIDES FOR THE MENTORING OF SCHOLARS BY FACULTY, AND IT OFFERS ALL WHO WORK HERE THE FREEDOM TO UNDERTAKE RESEARCH THAT WILL MAKE SIGNIFICANT CONTRIBUTIONS IN ANY OF THE BROAD RANGE OF FIELDS IN THE SCIENCES AND HUMANITIES STUDIED AT THE INSTITUTE. THE INSTITUTE IS A PRIVATE, INDEPENDENT ACADEMIC INSTITUTION LOCATED IN PRINCETON, NEW JERSEY. IT WAS FOUNDED IN 1930 BY PHILANTHROPISTS LOUIS BAMBERGER AND HIS SISTER CAROLINE BAMBERGER FULD, AND ESTABLISHED THROUGH THE VISION OF THE FOUNDING DIRECTOR ABRAHAM FLEXNER. PAST FACULTY HAVE INCLUDED ALBERT EINSTEIN, WHO REMAINED AT THE INSTITUTE UNTIL HIS DEATH IN 1955, AND DISTINGUISHED SCIENTISTS AND SCHOLARS SUCH AS KURT GODEL, J. ROBERT OPPENNHEIMER, ERWIN PANOFSKY, HETTY GOLDMAN, HOMER A. THOMPSON, JOHN VON NEUMANN, GEORGE KENNAN, HERMANN WEYL AND CLIFFORD GEERTZ. FORM 990, PART III, LINE 4A PROGRAM SERVICES WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES, AND SOCIAL SCIENCE. CURRENTLY, A PERMANENT FACULTY OF TWENTY-FIVE EMINENT ACADEMICS GUIDES THE WORK OF THE SCHOOLS AND EACH YEAR AWARDS FELLOWSHIPS TO SOME 190 VISITING MEMBERS, FROM ABOUT ONE HUNDRED UNIVERSITIES AND RESEARCH INSTITUTIONS THROUGHOUT THE WORLD. DR. ROBBERT DIJKGRAAF WAS THE DIRECTOR OF THE INSTITUTE UNTIL JANUARY 1, 2022. ROBBERT DIJKGRAAF IS A MATHEMATICAL PHYSICIST WHO HAS MADE SIGNIFICANT CONTRIBUTIONS TO STRING THEORY AND THE ADVANCEMENT OF SCIENCE EDUCATION. ON FEBRUARY 1, 2022, DR. DAVID NIRENBERG WAS APPOINTED AS DIRECTOR OF THE INSTITUTE. DAVID NIRENBERG IS A HISTORIAN WHO WAS THE FOUNDING DIRECTOR OF THE NEUBAUER COLLEGIUM FOR CULTURE AND SOCIETY, DEAN OF THE SOCIAL SCIENCES AND EXECUTIVE VICE PROVOST AT THE UNIVERSITY OF CHICAGO. AS FOUNDING DIRECTOR OF THE NEUBAUER COLLEGIUM FOR CULTURE AND SOCIETY, NIRENBERG CHAMPIONED A PROGRAM THAT AFFORDED BOTH FUNDING AND SPACE TO CATALYZE COLLABORATIONS ACROSS EVERY DIVISION, SCHOOL AND AFFILIATED LABORATORY AT THE UNIVERSITY. FOR HIS WORK, NIRENBERG HAS RECEIVED VARIOUS PRIZES AND HONORS INCLUDING THE RALPH WALDO EMERSON PRIZE FROM PHI BETA KAPPA, THE JOHN NICHOLAS BROWN PRIZE FROM THE MEDIEVAL ACADEMY OF AMERICA, THE HERBERT BAXTER ADAMS PRIZE AND PREMIO DEL REY PRIZE FROM THE AMERICAN HISTORICAL ASSOCIATION. THE INSTITUTE FOR ADVANCED STUDY IS DEDICATED TO THE PURSUIT OF KNOWLEDGE. IN THE MORE THAN NINTEY-TWO YEARS SINCE ITS FOUNDING, THE WORK OF THE INSTITUTE'S FACULTY AND MEMBERS HAS HAD PERMANENT IMPACT, IN BOTH INTELLECTUAL AND PRACTICAL TERMS. AT THE BEGINNING OF COMPUTING, ONE OF THE FIRST STORED PROGRAM COMPUTERS WAS DESIGNED AND BUILT ON THE INSTITUTE'S CAMPUS, AND ITS STRUCTURE (VON NEUMANN ARCHITECTURE) HAS INFLUENCED THE DEVELOPMENT OF TODAY'S COMPUTERS AND FORMED THE MATHEMATICAL BASIS FOR COMPUTER SOFTWARE. THE FOUNDATIONS OF GAME THEORY, A POWERFUL TOOL IN ECONOMICS, WERE FORMED IN THE SCHOOL OF MATHEMATICS AT THE INSTITUTE, AND MUCH OF THE BASIS FOR MODERN THEORETICAL METEOROLOGY WAS LAID BY RESEARCH THERE. RESEARCH IN THE SCHOOL OF NATURAL SCIENCES HAS GREATLY ADVANCED PARTICLE PHYSICS, INCLUDING STRING THEORY AND ASTROPHYSICS. RESEARCH IN THE SCHOOL OF SOCIAL SCIENCE HAS WIDE-REACHING IMPACT ON THE FIELD OF GLOBAL DEVELOPMENT. BOOKS BY FACULTY IN THE SCHOOL OF HISTORICAL STUDIES HAVE BECOME KEY TEXTS IN A RANGE OF HISTORICAL DISCIPLINES AND, IN PARTICULAR, HAVE MADE ESSENTIAL CONTRIBUTIONS TO THE ESTABLISHMENT OF ART HISTORY AS A DISCIPLINE IN THE UNITED STATES. THE INSTITUTE'S MORE THAN SEVEN-THOUSAND FORMER MEMBERS HOLD POSITIONS OF INTELLECTUAL AND SCIENTIFIC LEADERSHIP THROUGHOUT THE ACADEMIC WORLD. SOME THIRTY-FIVE NOBEL LAUREATES AND FORTY-FOUR OUT OF SIXTY-TWO 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 ENCOURAGES WOMEN TO PURSUE CAREERS IN MATHEMATICS; AND THE PROSPECTS IN THEORETICAL PHYSICS IS A SUMMER PROGRAM FOR ADVANCED GRADUATE STUDENTS AND POSTDOCS IN THEORETICAL PHYSICS. THE INSTITUTE ALSO HAS AN ARTIST-IN-RESIDENCE PROGRAM THAT PROVIDES AN ANNUAL SERIES OF CONCERTS AND LECTURES FOR THE INSTITUTE AND THE BROADER COMMUNITY. FORM 990, PART VI FORM 990 PART VI LINE 14 - DOCUMENT RETENTION UNDER THE INSTITUTE'S DOCUMENT RETENTION POLICY, THE INSTITUTE'S PRACTICE IS TO RETAIN DOCUMENTS FOR SEVEN YEARS. FORM 990, PART VI, SECTION B, LINE 11B COPY OF FORM 990 THE RETURN IS PREPARED BY KPMG, THE INSTITUTE'S INDEPENDENT ACCOUNTING FIRM, BASED ON INFORMATION PROVIDED BY THE INSTITUTE AND IN CONSULTATION WITH THE INSTITUTE'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN CAREFULLY REVIEWED BY THE INSTITUTE'S MANAGEMENT AND STAFF. CHANGES ARE MADE AS APPROPRIATE. THE BOARD OF TRUSTEES OF THE INSTITUTE HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REVIEWS THE FORM 990 AND DISCUSSES ANY RECOMMENDED CHANGES WITH MANAGEMENT OF THE INSTITUTE. THE FORM 990 IS REVIEWED, IN ITS ENTIRETY, INCLUDING SCHEDULE B, BY THE INSTITUTE'S BOARD OF TRUSTEES. THE TERMS OF GIFTS LISTED IN SCHEDULE B REQUIRED CONFIDENTIALITY, AND THEREFORE, ALTHOUGH THE DONORS ARE LISTED IN THE SCHEDULE B PROVIDED TO THE BOARD, THE AMOUNT OF THE INDIVIDUAL GIFTS ARE NOT. FORM 990, PART VI, SECTION B, LINE 12C COI POLICY PURSUANT TO THE BYLAWS, EACH TRUSTEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY WHICH COMMITS THEM TO DISCLOSING, IN THE COURSE OF THEIR PARTICIPATION IN DELIBERATIONS OF THE BOARD OF TRUSTEES OR ITS COMMITTEES, ANY CONFLICTS OF INTEREST WITH RESPECT TO MATTERS UNDER CONSIDERATION. EACH TRUSTEE (INCLUDING ANY IDENTIFIED AS AN INTERESTED PERSON IN PART IV OF SCHEDULE L), THEREFORE, WILL RECUSE HIMSELF/HERSELF FROM ANY BOARD OR COMMITTEE MEETING AS REQUIRED TO AVOID A CONFLICT GENERATED BY ANY MATERIAL FINANCIAL INTEREST, AFFILIATION OR OTHER MATERIAL RELATIONSHIP OR INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FOR ALL STAFF POSITIONS THE INSTITUTE'S POLICY IS TO PAY REASONABLE COMPENSATION UNDER SECTION 4958 TO ATTRACT AND RETAIN A HIGH CALIBER OF EMPLOYEES TO CARRY OUT ITS EDUCATIONAL MISSION. THE INSTITUTE PERIODICALLY CONDUCTS A REVIEW TO DETERMINE THE REASONABLE COMPENSATION RANGES FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, AND SETS COMPENSATION WITHIN THE RANGE OF REASONABLE COMPENSATION. NO INTERESTED PARTY IS PERMITTED TO PARTICIPATE IN ANY REVIEW OR DECISION. THE LAST REVIEW WAS PERFORMED IN 2021. DIRECTOR AND ASSOCIATE DIRECTORS: THE INSTITUTE PARTICIPATES IN A SURVEY OF TOP ADMINISTRATIVE POSITIONS AT SIMILAR INSTITUTIONS EVERY 24 MONTHS OR OBTAINS UPDATED INFORMATION FROM THE FORM 990 OF OTHER SIMILAR INSTITUTIONS TO GATHER COMPENSATION DATA. THIS SURVEY, CONDUCTED BY MERCER, REVIEWS CASH AND NON-CASH COMPENSATION BENEFITS AND TRENDS. BASED ON THIS SURVEY DATA, THE ASSOCIATE DIRECTOR FOR FINANCE AND ADMINISTRATION, ALONG WITH THE CHIEF HUMAN RESOURCES OFFICER, PREPARES A MEMO FOR THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WITH DATA FROM THE SURVEY AND, GENERALLY, A RANGE OF POSSIBLE RECOMMENDATIONS FOR THE SALARY ACTION FOR THE DIRECTOR. FOR THE TWO ASSOCIATE DIRECTORS' SALARIES, THE DIRECTOR, ALONG WITH THE CHIEF HUMAN RESOURCES OFFICER, PREPARES A MEMO FOR THE BOARD, AGAIN WITH DATA FOR COMPARABLE POSITIONS AT SIMILAR INSTITUTIONS, AND THE DIRECTOR MAKES A RECOMMENDATION ON THE SALARY INCREASE FOR EACH OF THESE POSITIONS. THE COMPENSATION COMMITTEE OF THE BOARD, WHICH IS COMPRISED OF INDEPENDENT PERSONS, REVIEWS THE RECOMMENDATIONS AND DETERMINES THE ACTIONS TO BE TAKEN. THE COMMITTEE DOCUMENTS ITS DECISIONS ON ALL THREE POSITIONS IN WRITING TO THE CHIEF HUMAN RESOURCES OFFICER. INVESTMENT OFFICE: THE INSTITUTE PARTICIPATES IN A SURVEY ANNUALLY CONDUCTED BY MERCER FOR INVESTMENT OFFICES OF FOUNDATIONS AND UNIVERSITIES. THE SURVEY PROVIDES WAGES AND BENEFITS (INCLUDING INCENTIVE STRUCTURES) FOR KEY INVESTMENT OFFICE PERSONNEL AT INSTITUTIONS WITH ENDOWMENTS COMPARABLE IN SIZE AND COMPLEXITY TO THE INSTITUTE. THE ASSOCIATE DIRECTOR FOR FINANCE AND ADMINISTRATION, IN CONSULTATION WITH THE DIRECTOR AND THE CHIEF HUMAN RESOURCES OFFICER, PREPARES A SET OF RECOMMENDATIONS FOR REVIEW BY THE COMPENSATION COMMITTEE IN CONJUNCTION WITH THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE RESULTS ARE COMMUNICATED IN WRITING BY A MEMBER OF THE COMPENSATION COMMITTEE TO THE ASSOCIATE DIRECTOR. THE ASSOCIATE DIRECTOR THEN INFORMS THE CHIEF INVESTMENT OFFICER AND INVESTMENT ANALYST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS THE ORGANIZATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE INSTITUTE'S WEBSITE. FORM 990 PART VI LINE 6 - MEMBERS THE CORPORATION HAS NO MEMBERS. IT'S BOARD OF TRUSTEES OVERSEES AND IS RESPONSIBLE FOR THE AFFAIRS AND OPERATIONS OF THE CORPORATION. NEW TRUSTEES ARE ELECTED BY THE CURRENT TRUSTEES OF THE INSTITUTE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BOND SWAP 1,351,034. NET PERIODIC PENSION COST 8,821,113. IAS-POOLED INCOME FUND 1 EINSTEIN DRIVE PRINCETON NJ 08540 226439543 CHARITABLE NJ IAS T 34069 0.74000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0