2012-05-08T13:04:42-05:00 2011-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-07-01 210634988 INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION INST 6097348208 EINSTEIN DRIVE PRINCETON NJ 08540 JOHN MASTEN 2012-05-08 true 2127589700 2010 2016-02-24 21:20:13Z PETER GODDARD EXECUTIVE DIR EINSTEIN DRIVE PRINCETON NJ 08540 411985022 false X WWW.IAS.EDU X 1930 NJ THE PURSUIT OF ADVANCED LEARNING AND EXPLORATION IN FIELDS OF PURE SCIENCE AND HIGH SCHOLARSHIP TO THE UTMOST DEGREE THAT THE FACILITIES OF THE INSTITUTION/THE ABILITY OF THE FACULTY AND STUDENTS WILL PERMIT 32 31 435 31 335570 0 29886577 34599830 4865176 4996594 4960386 2816087 0 0 39712139 42412511 11705327 12385237 0 0 31304807 27371050 0 0 1188670 18746468 17466791 61756602 57223078 -22044463 -14810567 656458901 690267969 103285448 92623405 553173453 597644564 SEE SCHEDULE O false false 42976058 12385237 4996594 WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES AND SOCIAL SCIENCES. 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THE RARE BOOK COLLECTION IS INCLUDED IN THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. ENDOWMENT FUND SCHEDULE D, PART V THE INSTITUTE'S ENDOWMENT FUNDS ARE USED TO PROVIDE A SOURCE OF ONGOING SUPPORT FOR ITS EXEMPT PURPOSES. UNCERTAIN TAX POSITIONS SCHEDULE D, PART X 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. RECONCILIATION OF CHANGE IN NET ASSETS SCHEDULE D, PART XI, LINE 8 CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY : 689,418 OTHER REVENUE INCLUDED IN AUDITED FINANCIAL STATEMENTS BUT NOT IN FORM 990 SCHEDULE D, PART XII, LINE 2D CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY : 689,418 true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCH E, LINE 3 ADVERTISEMENTS ARE PUBLISHED IN EDUCATIONAL CHRONICLES AND JOURNALS. NOTICES ARE ALSO POSTED AT COLLEGE AND UNIVERSITIES. FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A GRANTS ARE RECEIVED FROM VARIOUS GOVERNMENTAL AGENCIES INCLUDING THE DEPARTMENT OF ENERGY, THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, THE NATIONAL SCIENCE FOUNDATION AND THE NATIONAL ENDOWMENT FOR THE HUMANITIES. true Russia and the Newly Independent States 0 0 Program Services SCHOLAR COLLABORATION 5048 East Asia and the Pacific 0 0 Program Services SCHOLAR COLLABORATION 35101 Europe (Including Iceland and Greenland) 0 0 Program Services SCHOLAR COLLABORATION 250443 Middle East and North Africa 0 0 Program Services SCHOLAR COLLABORATION 30206 North America 0 0 Program Services SCHOLAR COLLABORATION 18844 South America 0 0 Program Services SCHOLAR COLLABORATION 2132 South Asia 0 0 Program Services SCHOLAR COLLABORATION 6808 Sub-Saharan Africa 0 0 Program Services SCHOLAR COLLABORATION 6776 Europe (Including Iceland and Greenland) 0 0 Grantmaking 152499 North America 0 0 Grantmaking 261172 Sub-Saharan Africa 0 0 Grantmaking 2619015 Central America and the Caribbean 0 0 Investments 416732530 North America 0 0 Investments 992520 0 0 0 0 421113094 421113094 Europe/Iceland/Greenland STIPEND 45733 WIRE N/A N/A Europe/Iceland/Greenland STIPEND 55235 WIRE N/A N/A North America STIPEND 77000 WIRE N/A N/A Sub-Saharan Africa ADMIN. 50525 WIRE N/A N/A North America STIPEND 184172 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 548140 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 500070 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 500070 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 500070 WIRE N/A N/A Sub-Saharan Africa STIPEND 51531 WIRE N/A N/A 0 11 true false true true true false MONITORING THE USE OF GRANT FUNDS SCHEDULE F, PART I THE INSTITUTE FOR ADVANCED STUDY'S GRANTS ARE AWARDED BY THE SCIENCE INITIATIVE GROUP (SIG), AN INTERNATIONAL TEAM OF SCIENTIFIC LEADERS AND SUPPORTERS DEDICATED TO FOSTERING SCIENCE IN DEVELOPING COUNTRIES THAT IS BASED AT IAS. 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 CARNEGIE CORPORATION OF NEW YORK. SIG IS LEADING THE RISE INITIATIVE IN PARTNERSHIP WITH THE NAIROBI, KENYA-BASED AFRICAN ACADEMY OF SCIENCES. ALL OF IAS' GRANT RECIPIENTS THROUGH THE RISE PROGRAM HAVE RECEIVED (AND/OR ARE CURRENTLY RECEIVING) GRANTS FROM ONE OR MORE OF THE US FOUNDATIONS THAT MAKE UP THE PARTNERSHIP FOR HIGHER EDUCATION IN AFRICA (PHEA). PHEA WAS A JOINT PROJECT OF CARNEGIE CORPORATION OF NEW YORK, THE FORD FOUNDATION, THE JOHN D. AND CATHERINE T. MACARTHUR FOUNDATION, THE ROCKEFELLER FOUNDATION, THE WILLIAM AND FLORA HEWLETT FOUNDATION, THE ANDREW W. MELLON FOUNDATION, AND THE KRESGE FOUNDATION. PHEA WAS FORMED AS A RESPONSE TO TRENDS OF DEMOCRATIZATION, PUBLIC POLICY REFORM AND THE INCREASING PARTICIPATION OF CIVIL SOCIETY ORGANIZATIONS IN A GROWING NUMBER OF AFRICAN COUNTRIES. THE FOUNDATIONS WORK TOGETHER TOWARD ACCELERATING THE PROCESSES OF COMPREHENSIVE MODERNIZATION AND STRENGTHENING OF UNIVERSITIES IN SELECTED COUNTRIES. RISE SELECTION CRITERIA INCLUDES 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. ESPECIALLY IMPORTANT IS A STRATEGY FOR RETAINING AT UNIVERSITIES IN THE REGION FACULTY MEMBERS WHO HAVE RECEIVED THEIR TRAINING THROUGH RISE. DETAILED APPLICATION MATERIALS MUST BE SUBMITTED AS PART OF THE SELECTION PROCESS, AS DESCRIBED ON OUR WEB SITE AT HTTP://SITES.IAS.EDU/SIG/RISE. GRANTEES ARE REQUIRED TO SUBMIT NARRATIVE AND DETAILED FINANCIAL REPORTS. DURING FY2011, STAFF FROM SIG (AND ALSO FROM CARNEGIE CORPORATION) VISITED FOUR OF THE FIVE RECIPIENT UNIVERSITIES AND THE AAS AT LEAST ONCE TO MONITOR THEIR PROGRESS. STAFF FROM SIG MET WITH THE RISE LEADER FROM THE FIFTH RECIPIENT AT A CONFERENCE IN SOUTH AFRICA DURING THE YEAR. 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. FOREIGN INVESTMENTS SCHEDULE F, PART I THE INVESTMENT EXPENDITURES REPORTED IN SCHEDULE F, PART I, LINE 3, COLUMN (F) IS THE MARKET VALUE AS OF JUNE 30, 2011 AS THIS IS HOW THE INVESTMENTS ARE ACCOUNTED FOR ON THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. true PRINCETON EDUCATION FOUNDATION PO BOX 176 PRINCETON NJ 08542 223313605 501(c)(3) 25000 CHARITABLE BOROUGH OF PRINCETON (DAYTIME SHUTTLE PILOT) 400 WITHERSPOON STREET PRINCETON NJ 08540 216001029 501(c)(3) 10000 CHARITABLE 2 0 FELLOWSHIP GRANTS TO MEMBERS 199 9317551 N/A N/A GRANTS WITHIN U.S. SCHEDULE I, PART I EACH YEAR, THE INSTITUTE FOR ADVANCED STUDY SELECTS APPROXIMATELY 190 MEMBERS FROM AN AVERAGE OF MORE THAN 1,500 APPLICANTS. MEMBERS ARE SELECTED BY THE FACULTY OF EACH SCHOOL, AND COME TO THE INSTITUTE FOR PERIODS AS SHORT AS ONE TERM OR AS LONG AS SEVERAL YEARS. YOUNG SCHOLARS AND APPLICANTS FROM NON-TRADITIONAL BACKGROUNDS WHO HAVE OUTSTANDING PROMISE ARE CONSIDERED, AS ARE SENIOR SCHOLARS WHOSE REPUTATIONS ARE ALREADY WELL ESTABLISHED. THE MAJOR CONSIDERATION IN THE APPOINTMENT PROCESS IS THE EXPECTATION THAT EACH MEMBER'S PERIOD OF RESIDENCE AT THE INSTITUTE WILL RESULT IN WORK OF SIGNIFICANCE AND ORIGINALITY. MANY MEMBERS PURSUE RESEARCH RELATED TO SPECIFIC INTERESTS OF ONE OR MORE OF THE FACULTY. IN OTHER INSTANCES, THE RESEARCH OF MEMBERS IS IN AREAS NOT CURRENTLY REPRESENTED BY A MEMBER OF THE FACULTY. APPLICATIONS MUST BE SUBMITTED DURING THE ACADEMIC YEAR PROCEEDING 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. 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HOUSING SCHEDULE J, PART I, LINE 1 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. 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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. 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. G MICHAEL GEHRET MORTGAGE X 300000 211147 false true true PETER GODDARD MORTGAGE X 775000 735225 false true true PHILLIP GRIFFITHS MORTGAGE X 460000 348033 false true true JUAN MALDACENA MORTGAGE X 505000 418513 false true true 1712918 X 17 1409136 FMV 0 false true false USE OF THIRD PARTIES SCHEDULE M, LINE 32B THE ORGANIZATION USES THIRD PARTY BROKERS TO SELL PUBLICLY TRADED SECURITIES RECEIVED AS DONATIONS. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 THE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLD'S LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. THE INSTITUTE EXISTS TO ENCOURAGE AND SUPPORT FUNDAMENTAL RESEARCH IN THE SCIENCES AND HUMANITIES - THE ORIGINAL, OFTEN SPECULATIVE, THINKING THAT PRODUCES ADVANCES IN KNOWLEDGE THAT CHANGE THE WAY WE UNDERSTAND THE WORLD. IT PROVIDES FOR THE MENTORING OF SCHOLARS BY FACULTY, AND IT OFFERS ALL WHO WORK THERE 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 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 GDEL, J. ROBERT OPPENHEIMER, ERWIN PANOFSKY, HOMER A. THOMPSON, JOHN VON NEUMANN, GEORGE KENNAN AND HERMANN WEYL. PROGRAM SERVICE FORM 990, PART III, LINE 4A WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES, AND SOCIAL SCIENCE. CURRENTLY, A PERMANENT FACULTY OF TWENTY-NINE 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. PETER GODDARD IS THE CURRENT DIRECTOR OF THE INSTITUTE. THE INSTITUTE FOR ADVANCED STUDY IS DEDICATED TO THE DISINTERESTED PURSUIT OF KNOWLEDGE. IN THE MORE THAN SEVENTY-FIVE 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 HAD 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 TWENTY-SEVEN NOBEL LAUREATES AND THIRTY-EIGHT OUT OF THE FIFTY-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 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 EDUCATORS, RESEARCHERS 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 IN MATHEMATICS, A MENTORING PROGRAM SPONSORED JOINTLY WITH PRINCETON UNIVERSITY, ENCOURAGES WOMEN TO PURSUE CAREERS IN MATHEMATICS; AND THE SCIENCE INITIATIVE GROUP (SIG), AN INTERNATIONAL TEAM OF SCIENTIFIC LEADERS AND SUPPORTERS 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 BROADER COMMUNITY. FORM 990 REVIEW FORM 990, PART VI, LINE 11A 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 FINAL VERSION OF FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C 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. A TRUSTEE, 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. DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, LINE 14 THE INSTITUTE'S PRACTICE IS TO RETAIN DOCUMENTS FOR SEVEN YEARS. THE INSTITUTE ADOPTED A FORMAL DOCUMENT RETENTION POLICY DURING FISCAL YEAR JUNE 30, 2011. COMPENSATION FORM 990, PART VI, LINE 15 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. DIRECTOR AND ASSOCIATE DIRECTORS THE INSTITUTE PARTICIPATES IN A SURVEY OF TOP ADMINISTRATIVE POSITIONS AT SIMILARLY SITUATED INSTITUTIONS EVERY 24 MONTHS. THIS SURVEY, CONDUCTED BY MERCER, REVIEWS CASH AND NON-CASH COMPENSATION BENEFITS AND TRENDS. BASED ON THIS SURVEY DATA, THE ASSOCIATE DIRECTOR FOR FINANCE AND ADMINISTRATION, ALONG WITH THE HR MANAGER, PREPARE A MEMO FOR THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WITH DATA FROM THE SURVEY AND GENERALLY, A RANGE OF POSSIBLE RECOMMENDATIONS FOR THE SALARY ACTION FOR THE DIRECTOR. FOR THE TWO ASSOCIATE DIRECTORS' SALARIES, THE DIRECTOR, ALONG WITH THE HR MANAGER, PREPARE A MEMO FOR THE BOARD, AGAIN WITH DATA FOR COMPARABLE POSITIONS AT OTHER SIMILARLY SITUATED INSTITUTIONS, AND THE DIRECTOR MAKES A RECOMMENDATION ON THE SALARY INCREASE FOR EACH OF THESE POSITIONS. THE COMPENSATION COMMITTEE OF THE BOARD, WHICH IS COMPRISED OF INDEPENDENT PERSONS, REVIEWS THE RECOMMENDATIONS AND DETERMINES THE ACTION TO BE TAKEN. THE COMMITTEE DOCUMENTS ITS DECISION ON ALL THREE POSITIONS IN WRITING TO THE HUMAN RESOURCES MANAGER. 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'S. THE ASSOCIATE DIRECTOR FOR FINANCE AND ADMINISTRATION, IN CONSULTATION WITH THE DIRECTOR AND THE HR MANAGER, PREPARES A SET OF RECOMMENDATIONS FOR REVIEW BY THE COMPENSATION COMMITTEE IN CONJUNCTION WITH THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE RESULTS ARE COMMUNICATED IN WRITING BY A MEMBER OF THE COMPENSATION COMMITTEE TO THE ASSOCIATE DIRECTOR. THE ASSOCIATE DIRECTOR THEN INFORMS THE CHIEF INVESTMENT OFFICER AND THE HEAD OF RISK ANALYTICS. PUBLICLY AVAILABLE FORM 990, PART VI, LINE 19 THE INSTITUTE DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAINS : 58,592,260 CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY : 689,418 ---------- TOTAL OTHER CHANGES LINE 5 : 59,281,678 IAS - POOLED INCOME FUND EINSTEIN DRIVE PRINCETON NJ 08540 226439543 CHARITABLE NJ IAS TRUST 10559 75935 0.78000 false false false false false false false false false false false false false false false false false false