2011-05-13T13:12:02-04:00 2010-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2009-07-01 210634988 INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION INST 6097348208 EINSTEIN DRIVE PRINCETON NJ 08540 JOHN MASTEN 2011-05-12 true 2127589700 2009 2016-02-24 21:20:13Z PETER GODDARD EXECUTIVE DIR EINSTEIN DRIVE PRINCETON NJ 08540 604649467 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 31 30 407 30 -821446 -925161 21018114 29886577 4815473 4865176 -546258 4960386 0 0 25287329 39712139 9320776 11705327 0 0 28219297 31304807 84292 0 1274747 17215620 18746468 54839985 61756602 -29552656 -22044463 610180384 656458901 94726089 103285448 515454295 553173453 SEE SCHEDULE O false false 44883657 11705327 4865176 THE INSTITUTE FOR ADVANCED STUDY CONSISTS OF THE SCHOOL OF HISTORICAL STUDIES, SCHOOL OF MATHEMATICS, SCHOOL OF NATURAL SCIENCES AND SCHOOL OF SOCIAL SCIENCE. SEE SCHEDULE O. 44883657 true true false false false false true false true true true false true false true true true false false false false false true true true false false false false false true false false false true true false false false false false false false false true 111 0 407 true true true true CJ VI CA BD NT BF false false false true true false false false 31 30 false false false false false false false true true false false true true true true true false true true false X MARY J MAZZA CONTROLLER 6097348208 EINSTEIN DRIVE PRINCETON NJ 08540 MARTIN L LEIBOWITZ 2.0 X X 0 0 0 JAMES D WOLFENSOHN 2.0 X 0 0 0 RICHARD B BLACK 2.0 X X 0 0 0 CHARLES SIMONYI 2.0 X X 0 0 0 BRIAN F WRUBLE 2.0 X X 0 0 0 NANCY S MACMILLAN 2.0 X X 0 0 0 JEFFREY P BEZOS 1.0 X 0 0 0 VICTORIA B BJORKLUND 2.0 X 0 0 0 CURTIS CALLAN 1.0 X 0 0 0 MARTIN A CHOOLJIAN 1.0 X 0 0 0 MARIO DRAGHI 1.0 X 0 0 0 ROGER W FERGUSON JR 1.0 X 0 0 0 VARTAN GREGORIAN 2.0 X 0 0 0 DAVID A HOLLINGER 1.0 X 0 0 0 PETER R KANN 1.0 X 0 0 0 FLORIAN LANGENSCHEIDT 1.0 X 0 0 0 SPIRO LATSIS 1.0 X 0 0 0 DAVID F MARQUARDT 1.0 X 0 0 0 NANCY B PERETSMAN 2.0 X 0 0 0 MARTIN REES 1.0 X 0 0 0 DAVID M RUBENSTEIN 1.0 X 0 0 0 JAMES J SCHIRO 2.0 X 0 0 0 ERIC E SCHMIDT 1.0 X 0 0 0 WILLIAM SEWELL 1.0 X 0 0 0 HAROLD SHAPIRO 1.0 X 0 0 0 JAMES H SIMONS 2.0 X 0 0 0 PETER SVENNILSON 1.0 X 0 0 0 SHELBY WHITE 1.0 X 0 0 0 MARINA V N WHITMAN 1.0 X 0 0 0 ANDREW J WILES 1.0 X 0 0 0 DAVID K P LI 1.0 X 0 0 0 PETER GODDARD 40.0 X X 507921 0 88800 JOHN MASTEN 40.0 X 313122 0 83439 GEORGE MICHAEL GEHRET 40.0 X 251717 0 75300 ASHVIN CHHABRA 40.0 X 515704 0 77939 STEPHEN ADLER 40.0 X 338374 0 71695 NIMA ARKANI-HAMED 40.0 X 333118 0 50300 ROBERT MACPHERSON 40.0 X 343302 0 72300 NATHAN SEIBERG 40.0 X 333020 0 93516 PHILLIP A GRIFFITHS 40.0 X 350287 0 51211 3286565 0 664500 46 true true false STEVENS AND LEE 100 LENOX DRIVE SUITE 200 PRINCETON NJ 08540 LEGAL SERVICES 314789 PJM MECHANICAL CONTRACTORS INC 1688 FIFTH STREET EWING NJ 08638 MECHANICAL 255567 KPMG LLP 301 CARNEGIE CENTER SUITE 402 PRINCETON NJ 085406227 AUDITING 141000 ALBOURNE AMERICA LLC 655 MONTGOMERY STREET SUITE 1910 San Francisco CA 94111 CONSULTING 240000 MASSIMINO BUILDING CORPORATION 131 SOUTH SYCAMORE STREET NEWTOWN PA 18940 GENERAL CONTRACTORS 138361 9 7905853 21980724 820269 29886577 AUXILIARY SERVICES 532000 4865176 4865176 4865176 577746 -821446 1399192 0 0 567497630 1822338 563464557 1472771 4033073 349567 4382640 4382640 0 0 0 0 39712139 4865176 -821446 5781832 0 9384257 9384257 2321070 2321070 0 1060000 121250 683750 255000 0 18725228 11922429 6194040 608759 2065538 1557752 451130 56656 8362528 6878266 1363692 120570 1091513 823179 238395 29939 0 302652 302652 168778 168778 0 0 1996337 1996337 1194198 541238 645187 7773 0 1043449 329823 682350 31276 0 0 2003812 1807038 196774 1974319 1875269 86563 12487 0 1383058 522711 761495 98852 2018866 1957742 61124 0 4058996 3647379 411617 306281 306281 BOOKS AND PERIODICALS 634327 622695 8134 3498 COMPUTING 896320 371195 506562 18563 DUES AND MEMBERSHIPS 30230 8874 18781 2575 EMPLOYEE WELFARE 54621 4292 50007 322 RECRUITING 28307 11918 16389 651917 175280 448160 28477 61756602 44883657 15598198 1274747 312162 45341 8587408 14094606 5154582 6346365 1059363 585413 1902399 1852688 497935 635161 123135981 62944371 60693542 60191610 53873642 54410621 468295461 507613234 9803890 10683862 610180384 656458901 7560855 7455400 60064009 57475994 557724 492767 26543501 37861287 94726089 103285448 X 322590494 346689111 114834907 125676785 78028894 80807557 515454295 553173453 610180384 656458901 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203508 X X X X false 513697301 3067916 63111223 28606894 551269546 652377684 7148555 -114037168 31791770 513697301 0.62870 0.14658 0.22472 false false 377470 377470 91713069 39420285 52292784 25757852 22589791 3168061 5287591 934296 4353295 60191610 LIMITED PARTNERSHIPS 71778972 F HEDGE AND OFFSHORE FUNDS 430834262 F CASH EQUIVALENT-INV IN TRANSIT 5000000 F 507613234 0 REFUNDABLE ADVANCES 15474995 SPLIT-INTEREST AGREEMENTS 2234409 POSTRETIREMENT BENEFIT OBLIG. 14582000 ASSET RETIREMENT OBLIGATION 940283 BOND SWAP LIABILITY 4629600 37861287 39712139 61756602 -22044463 60878854 -1115233 59763621 37719158 97479423 60878854 -1115233 59763621 37715802 1996337 1996337 39712139 59760265 59760265 1996337 1996337 61756602 RARE BOOK COLLECTION SCHEDULE D, PART III, LINE 1A THE INSTITUTE HOLDS A COLLECTION OF RARE BOOKS USED TO FURTHER SCHOLARLY RESEARCH, IN ACCORDANCE WITH THE MISSION STATEMENT. THE RARE BOOK COLLECTION IS INCLUDED IN THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS. THE INSTITUTE ALSO OWNS NUMEROUS INDEPENDENT PIECES OF ART, PRIMARILY SCULPTURES, WHICH ARE DISPLAYED ON CAMPUS AND DOES OCCASIONALLY DISPLAY PRINTS, TAPESTRIES AND HISTORICAL ARTIFACTS WHICH ARE ON LOAN. 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 IN 2008, THE INSTITUTE ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARD BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF FASB STATEMENT NO.109 (FIN 48). FIN 48 ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION AND DE-RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURES. THERE WAS NO SIGNIFICANT IMPACT ON THE INSTITUTE'S FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF FIN 48. RECONCILIATION OF CHANGE IN NET ASSETS SCHEDULE D, PART XI, LINE 8 CHANGE IN FAIR VALUE OF BOND SWAP LIABILITY : (1,115,233) 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 : (1,115,233) true true true ADVERTISEMENTS ARE PUBLISHED IN EDUCATIONAL CHRONICLES AND JOURNALS. NOTICES ARE ALSO POSTED AT COLLEGES AND UNIVERSITIES. true true true true false false false false false false false false true false 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 true Central America and the Caribbean 0 0 Program Services Scholar Collaboration 590 East Asia and the Pacific 0 0 Program Services Scholar Collaboration 4952 Europe (Including Iceland and Greenland) 0 0 Program Services Scholar Collaboration 118670 Europe (Including Iceland and Greenland) 0 0 Grantmaking 148087 Middle East and North Africa 0 0 Program Services Scholar Collaboration 5630 North America 0 0 Program Services Scholar Collaboration 9698 South America 0 0 Program Services Scholar Collaboration 845 South America 0 0 Grantmaking 52558 South Asia 0 0 Program Services Scholar Collaboration 2925 Sub-Saharan Africa 0 0 Program Services Conferences/Meetings 123140 Sub-Saharan Africa 0 0 Grantmaking 2120425 Central America and the Caribbean 0 0 Investments North America 0 0 Investments Europe (Including Iceland and Greenland) 0 0 Investments 0 0 2587520 Europe/Iceland/Greenland STIPEND 55004 WIRE N/A N/A Europe/Iceland/Greenland 25035 WIRE N/A N/A Sub-Saharan Africa SALARY 24528 WIRE N/A N/A Europe/Iceland/Greenland STIPEND 40010 WIRE N/A N/A South America ADMINISTRATIVE 52558 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 424085 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 424085 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 400050 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 424085 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 424085 WIRE N/A N/A Sub-Saharan Africa EDUCATIONAL 24035 WIRE N/A N/A 0 11 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 THE INSTITUTE. 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 THE INSTITUTE'S 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 2009, STAFF FROM SIG (AND ALSO FROM CARNEGIE CORPORATION) VISITED ALL OF THE RECIPIENT UNIVERSITIES AND THE AAS AT LEAST ONCE TO MONITOR THEIR PROGRESS. 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. true FELLOWSHIP GRANTS TO MEMBERS 200 9384257 0 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 THE SPECIAL 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 OF 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. THE INSTITUTE'S WEBSITE ALSO CONTAINS INFORMATION ON THE INSTITUTE'S SPECIAL PROGRAMS, INCLUDING: PROGRAM FOR WOMEN AND MATHEMATICS, INSTITUTE FOR ADVANCED STUDY/PARK CITY MATHEMATICS INSTITUTE, AND PROSPECTS IN THEORETICAL PHYSICS. X X X true true X X X X X false false false true false false false false false PHILLIP A GRIFFITHS 336271 0 0 0 14016 0 38813 0 12512 0 401612 0 0 0 JOHN MASTEN 309716 0 0 0 3406 0 56551 0 28770 0 398443 0 0 0 GEORGE MICHAEL GEHRET 248579 0 0 0 3138 0 56551 0 20631 0 328899 0 0 0 ASHVIN CHHABRA 315196 0 200000 0 508 0 51051 0 28770 0 595525 0 0 0 STEPHEN ADLER 332842 0 0 0 5532 0 56551 0 15372 0 410297 0 0 0 NIMA ARKANI-HAMED 332690 0 0 0 428 0 34551 0 15977 0 383646 0 0 0 ROBERT MACPHERSON 332778 0 0 0 10524 0 56551 0 15977 0 415830 0 0 0 NATHAN SEIBERG 332018 0 0 0 1002 0 73051 0 20693 0 426764 0 0 0 PETER GODDARD 479579 0 0 0 28342 0 73051 0 17631 0 598603 0 0 0 INCENTIVE PAY SCHEDULE J, PART I TWO INVESTMENT OFFICE EMPLOYEES RECEIVE INCENTIVE COMPENSATION BASED ON THEIR INDIVIDUAL JOB PERFORMANCE AND ON THE RELATIVE PERFORMANCE OF THE INSTITUTE'S ENDOWMENT COMPARED WITH MARKET INDICES AND MARKET COMPARISON GROUPS. HOUSING SCHEDULE J, PART I, LINE 1 THE INSTITUTE OWNS A RESIDENCE IMMEDIATELY ADJACENT TO THE CAMPUS WHERE IT REQUIRES THE DIRECTOR TO RESIDE. THE INSTITUTE PROVIDES MAINTENANCE AND HOUSE-KEEPING SERVICES FOR THE PROPERTY. THE INSTITUTE 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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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 OF 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-TWO NOBEL LAUREATES AND THIRTY-FOUR OUT OF FORTY-EIGHT 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 ALSO 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 AND 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. COMPENSATION FORM 990, PART VI, LINES 15A AND 15B ALL STAFF POSITIONS THE INSTITUTE'S POLICY IS TO PAY REASONABLE COMPENSATION WITHIN THE MEANING OF 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 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 THE REVIEW OR DECISION. 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 HUMAN RESOURCES MANAGER, 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 HUMAN RESOURCES MANAGER, PREPARES A MEMO FOR THE BOARD, AGAIN WITH DATA FOR COMPARABLE POSITIONS AT OTHER SIMILAR INSTITUTIONS AND THE DIRECTOR MAKES A RECOMMENDATION ON THE SALARY INCREASE FOR EACH OF THESE POSITIONS. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, 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 VIA EMAIL 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 HUMAN RESOURCES 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. SCHEDULE G, PART I, LINE 3 PER A LETTER DATED JANUARY 23, 2004 FROM THE STATE OF NEW JERSEY, THE INSTITUTE HAS BEEN DEEMED EXEMPT FROM REGISTRATION, FILING, AND CERTAIN OTHER RECORD-KEEPING PROVISIONS OF THE CHARITABLE REGISTRATION & INVESTMENT ACT (N.J.S.A. 45:17A-18, ET SEQ.) FOR THE FOLLOWING REASON: 26(B) EDUCATIONAL ORGANIZATION. BONDS SCHEDULE 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. DOCUMENT RETENTION POLICY FORM 990, PART VI, LINE 14 THE INSTITUTE DID NOT HAVE A DOCUMENT RETENTION POLICY IN PLACE DURING THE JUNE 30, 2010 FISCAL YEAR COVERED BY THIS RETURN. THE INSTITUTE HAS ADOPTED A DOCUMENT RETENTION POLICY DURING THE CURRENT FISCAL YEAR, JUNE 30, 2011, PRIOR TO FILING THIS RETURN.