2008 Annual Report Alfred P. Sloan Foundation
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2008 ANNUAL REPORT ALFRED P. SLOAN FOUNDATION CONTENTS Overview 1 Grants Listing 25 Financial Review 109 Audited Financial Statements and Schedules 110 INTRODUCTION The Alfred P. Sloan Foundation, a philanthropic nonprofit institution, was established in 1934 by Alfred Pritchard Sloan Jr., then President and Chief Executive Officer of the General Motors Corporation. On December 31, 2008, total assets of the Foundation had a market value of about $1.4 billion. The following Mission Statement defines criteria for grant proposals and helps guide the Foundation’s program evaluation and development. The Alfred P. Sloan Foundation makes grants primarily to support original research and broad-based education related to science, technology, economic performance and the quality of American life. The Foundation is unique in its focus on science, technology, and economic institutions - and the scholars and practitioners who work in these fields - as chief drivers of the nation’s health and prosperity. The Foundation has a deep-rooted belief that carefully reasoned systematic understanding of the forces of nature and society, when applied inventively and wisely, can lead to a better world for all. The Foundation’s endowment provides the financial resources to support its activities. The investment strategy for the endowment is to invest prudently in a diversified portfolio of assets with the goal of achieving superior returns. In each of our grants programs, we seek proposals for original projects led by outstanding individuals or teams. We are interested in projects that have a high expected return to society, and for which funding from the private sector, government and other foundations is not yet widely available. _________ An explanation of the grantmaking process at the Foundation, information needed with a grant application, and suggestions for writing a successful proposal are also available on the Foundation’s website. Under the leadership of Paul Joskow, who assumed the Presidency of the Foundation on January 1st, the year 2008 was a period of transition marked by discussion of existing programs, formulation of exit strategies for those coming to an end, and consideration of potential new programs. New grantmaking initiatives are noted here, as are programs that are continuing, perhaps modified in some respects from past practice, and programs that have been ended or are soon coming to a planned end. Additional information about areas of interest, grants, and projects can readily be obtained from Program Directors responsible for particular programs, as identified on the Foundation’s website. 1 2008 OVERVIEW CONTENTS Programs and Interests 3 • Sloan Research Fellowships 5 • Science, Technology, Engineering and Mathematics (STEM) Research 6 • Science, Technology, Engineering and Mathematics (STEM) Education 9 • Public Understanding of Science, Technology, Business and Economics 11 • Economic Performance and Quality of Life 14 • Digital Information Technology and the Dissemination of Knowledge 18 • Select National Issues 19 • Civic Initiatives 20 Board of Trustees 21 Officers and Professional Staff 23 2 PROGRAMS AND INTERESTS The programs and interests of the Foundation are organized as follows. • Sloan Research Fellowships • STEM* Research Sloan Digital Sky Survey Census of Marine Life Encyclopedia of Life Barcode of Life Indoor Environment Deep Carbon Observatory Forest Measurement and Monitoring • STEM* Education Anytime, Anyplace Learning Education for Underrepresented Groups Professional Science Master’s Degree Information about Careers in Science and Technology Student Retention • Public Understanding of Science, Technology, Business and Economics Books Radio Television Film Theater Other Efforts • Economic Performance and Quality of Life Economic Institutions, Behavior and Performance Industry Studies Making Municipal Governments More Responsive to their Citizens Federal Statistics Science and Engineering Work Force Workplace, Work Force and Working Families Working Longer/Living Better • Digital Information Technology and the Dissemination of Knowledge • Select National Issues Biosecurity Energy and Environment 3 • Civic Initiatives Unique Opportunities Sloan Public Service Awards Sloan Awards for Excellence in Teaching Science and Mathematics *Science, Technology, Engineering and Mathematics 4 SLOAN RESEARCH FELLOWSHIPS These awards (now $50,000 over a two-year period) aim to assist the very best early- career scientists and scholars with outstanding promise to contribute significantly to the advancement of their fields. As in 2008, 118 Sloan Research Fellowships were awarded in 2009 in seven fields: chemistry (23), computer science (16), economics (8), mathematics (20), computational and evolutionary molecular biology (12), neuroscience (16), and physics (23). Since the establishment of the program in 1955, fellowships totaling some $130 million have been awarded to more than 5,000 early-career researchers. Nobel prizes have gone to 38 Sloan Research Fellows; Fields Medals in mathematics to 16; 8 recent Fellows have won the John Bates Clark Medal in economics; and hundreds have received other notable prizes, awards, and honors in recognition of their major research accomplishments. The program is described in detail on the Alfred P. Sloan Foundation website. 5 SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS RESEARCH Sloan Digital Sky Survey During eight years of operations starting in 2000, the Sloan Digital Sky Survey (SDSS) obtained deep, multi-color images covering more than a quarter of the sky and created three-dimensional maps containing more than 930,000 galaxies and more than 120,000 quasars. Periodic releases of SDSS data to the scientific community and the general public, the latest in the fall of 2008, have been an important feature of the project. In 2007, the Foundation made a major grant to the Astrophysical Research Consortium to continue the SDSS work, now mainly focused on understanding dark energy. Details of the project, including its large data records and research reports, can be found at the website www.sdss.org. Census of Marine Life The goal of this program is to advance a major international observational program to assess and explain the diversity, distribution, and abundance of marine life. Beginning in 2000, Foundation grants now total about $68 million. Together with more than $500 million from non-Sloan sources around the world, including national governments, international organizations, and maritime industries, they have helped fund 14 field projects, build the History of Marine Animal Populations to benchmark current populations, create a network to predict the future of marine animal populations, develop the Ocean Biogeographical Information System (now containing over 17 million records of more than 104,000 marine species), and support the International Scientific Steering Committee and Secretariat, the U.S. National Committee, and an Education and Outreach Network to lift the project’s visibility and engage other nations and organizations and to develop the capacity for further discovery and application of accumulated knowledge once the Census is completed. Thousands of scientists from more than 80 nations are participating. Foundation support to complete the project will continue through 2009 in anticipation of the release of the first ever Census of Marine Life in 2010. Detailed information on the Census can be found at www.coml.org. Encyclopedia of Life The goal is to help build a reliable online encyclopedia with a webpage for each of the named 1.8 million species of plants, animals, and fungi. A $2.5 million grant from the Alfred P. Sloan Foundation along with a $10 million grant from the John D. and Catherine T. MacArthur Foundation initiated the project in 2007. Over 30,000 pages of the Encyclopedia were released early in 2008. Content is being generated via the Biodiversity Heritage Library (a consortium of ten major natural history museum libraries, botanical libraries, and research institutions), other web-based resources, and by professional and citizen scientists. In Wikipedia style, people worldwide are invited to contribute text, video, images and other information about a species and have it incorporated, upon review, into the authenticated pages. The plan for 2009 is to help expand the worldwide institutional base of participants and continue to move toward 6 completing the funding for the project, which aims for self-sufficiency by the end of its fifth year. For more information about the project, see www.eol.org. Barcode of Life This program, started in 2002, aims to speed the building and use of a library of short DNA sequences (barcodes) to identify animal and plant species reliably and inexpensively. The Consortium for the Barcode of Life, based at the Smithsonian Institution, includes over 170 member organizations from 50 countries. Barcodes of over 500,000 specimens from over 50,000 species have been accumulated. A 2008 $2.25 million Foundation two-year grant to the Smithsonian will accelerate the building of a global library of barcodes for all animals, plants, and fungi. The Consortium helped a group of leading laboratories prepare a 5-year, $175 million global proposal to extend the barcode library to 500,000 species. The Foundation plans for the next two years to continue to support the Consortium to maintain strong growth of the library. Only projects central to this aim will be considered. Additional information about