Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation

“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.”

“Copy of form 990 the return is prepared by grant thornton, 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 audit committee co-chair is responsible for the full, detailed review of the 990. Once the co-chair has reviewed and approved the return, the 990 is shared with the audit committee and uploaded to the board website where all trustees are notified that it is available for their review. The 990 is reviewed, in its entirety, including schedule b. The terms of gifts listed in schedule b required confidentiality, and therefore, although donors are listed in the schedule b provided to the board, the amounts of the individal gifts are not.”

“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.”

“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 by an external advisor 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.”

“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.”

“The corporation has no members. Its 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.”

“The institute for advanced study is a leading center for theoretical research and discovery dedicated to advancing the frontiers of knowledge across the sciences and humanities.”

“"the institute is pledged to assemble a group of scientists and scholars who with their pupils and assistants may devote themselves to the task of pushing beyond the limits of human knowledge and to training those who may "carry on" in this sense." mission statement of the institute for advanced study by founding director abraham flexner, organization meeting, october 10, 1930. 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 oppenheimer, erwin panofsky, hetty goldman, homer a. Thompson, john von neumann, george kennan, hermann weyl and clifford geertz.”

“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-four eminent academics guides the work of the schools and each year awards fellowships to some 220 visiting scholars, from about one hundred universities and research institutions throughout the world. David nirenberg is the current director of the institute. Nirenberg is a historian who was the founding director of the neubauer collegium for culture and society, dean of the division 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 leopold lucas prize from the university of tubingen, 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 advancing the frontiers of knowledge across the sciences and humanities. In the more than nintey-three years since its founding, the work of the institute's faculty and members has had permanent impact, in both intellectual and practical terms. In the earliest days 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 and the analysis of contemporary society, technology, and social change. 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 eight-thousand former scholars hold positions of intellectual and scientific leadership throughout the academic world. Some thirty-five nobel laureates, forty-four of the sixty-two fields medalists, and twenty-three of the twenty-seven abel prize laureates, as well as winners of the pulitzer prize in history; the wolf, holberg, and kluge prizes; and many macarthur and guggenheim fellows, 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 broader princeton community. In addition to the main work taking place in the four schools, there are several special programs: the ias/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 encou”

“Change in fair value of bond swap 614,705. Net periodic pension cost 254,336.”