Carnegie Corporation of New York

Carnegie Corporation of New York was created by Andrew Carnegie in 1911 to promote “the advancement and diffusion of knowledge and understanding.” Under Carnegie’s will, grants must benefit the people of the United States, although up to 7.4 percent of the funds may be used for the same purpose in countries that are or have been members of the British Common- wealth, with a current emphasis on sub-Saharan Africa. As a grantmaking foundation, the Corporation seeks to carry out Carnegie’s vision of philanthropy, which he said should aim “to do real and permanent good in this world.”

© 2007 Carnegie Corporation of New York

Contents

Report on Program 5 2006: Striving for Peace and Prosperity, through Education Grants and Dissemination Awards Education International Development International Peace and Security Strengthening U.S. Democracy Special Opportunities Fund Carnegie Scholars Anonymous $30 Million in Grants to Cultural and Social Service Institutions in New York City Initiatives Fund Dissemination Hurricane Katrina Funds September 11 Recovery Report on Finances 51 Financial Highlights Report on Administration 65 Fiscal 2006: The Year in Review Report on Investments 71 Corporation’s Investment Performance Strong; Portfolio Exceeds $2.5 Billion, Highest Valuation in Its History Trustees 77 Staff 81 A n n u a l R e p o r t 2 0 0 6 

Report on Program

Grants and Dissemination Awards

Education

International Development

International Peace and Security

Strengthening U.S. Democracy

Special Opportunities Fund

Carnegie Scholars

Anonymous $30 Million in Grants to Cultural and Social Service Institutions in New York City

Initiatives Fund

Dissemination

Hurricane Katrina Funds

September 11 Recovery - - - has stimu has has helped school school helped has Teachers for a New Era Era New a for Teachers Schools for a New Society New a for Schools in a democracy. Given the premise that the the that premise the Given democracy. a in pupil in factor important most the is teacher performance, educa teacher excellent of construction lated groundbreaking programs, some now in their their in now some programs, groundbreaking finalstages. to experience school high the reinvent systems eco college, for students American prepare citizens as full and participation success nomic - . “And states view free or affordable higher education as essential toessential as education statesaffordable higher or free “And view . rather than a privilege first gained accep gained first privilege than a rather qualityhigh for is need urgent Today’s tance. up cankeep workers way only education—the Education competition. global growing with are students States United that warn experts widespread only and ground, losing steadily The thistrend. willreverse reform education responded Division Education Corporation’s of number a for support substantial with The growing effects of globalization on societies everywhere, and the pressure for all people to people all for pressure the and everywhere, societies on globalization of effects growing The Corporation’s Carnegie of concerns particular been have education, quality high to access have depends life in lot their that recognize increasingly “Individuals 2006. throughout grantmaking wrote Gregorian Vartanin president Corporation training,” and education of level their on International Newsweek marketplace.” global the in successful participation and modernization their nation young stilla was States United The right a as education basic of concept the when 2006: Striving for Peace and Prosperity, Prosperity, and Peace for Striving 2006: Education through R e p o r t o n p R o g ra m tion programs at selected institutions with the Education aimed at creating an informed aim of achieving the best preparation for the citizenry was a vital component of programs beginning professional teacher. Additional supported by the Strengthening U.S. Democ- grants have supported efforts toward adolescent racy Program. Substantial funding went to literacy, English-language learners and middle activist nonprofits working to promote civil school reading programs. rights, reduce the role of special interest money in American politics, defend campaign spend- The Corporation’s International Develop- ing reforms and protect the right to vote. The ment Program focused on higher education education of immigrants—with an emphasis as well, the sole mission of the Partnership for on civics issues—is an ongoing objective of Higher Education in Africa – a cooperative Immigrant Civic Integration programs, which effort with the Ford, MacArthur, Rockefeller, support groups that provide economic, edu- William and Flora Hewlett and the Andrew cational and social services to immigrants in W. Mellon Foundations. Corporation funding the communities where they live, and others, went toward enhancing women’s opportunities such as the collaborative Four Freedoms Fund in higher education in the Republic of South organized by Public Interest Projects, that Africa; for institutional strengthening and gen- help make immigrant voices heard at all levels der equity projects in Nigeria and for education  of government. Many organizations working innovations in Ghana. As part of the Revitaliz- toward voting reform and education—ranging ing Public Libraries Program, the University of from the American Institute for Social Justice Cape Town received support toward creation to the Common Cause Education Fund to the of a university library system that would stand William J. Brennan, Jr., Center for Justice—all as a model of excellence. received support, as did others concentrating on In 2006, the International Peace and Secu- youth civic engagement by targeting new vot- rity Program supported projects strengthening ers, providing school-based civic education and the link between biological research and secu- conducting a study of young people’s attitudes. rity policy at influential universities and think Such a list can barely skim the surface of tanks. The Program’s longstanding support of the Corporation’s work throughout one year. higher education in the former Soviet Union The Journalism Initiative, for example, entered continued with grants to a center for advanced its second year having achieved curriculum study and education in Belarus; interdisciplin- enrichment at four outstanding journalism ary research and training in the Caucasus; fel- schools and launching student-led investiga- lowships in the humanities for scholars in the tive reporting projects that were picked up by former Soviet Union and executive programs a number of the nation’s most respected news for Russian military officers and policymakers. outlets. The Scholars Program awarded 20 To address the enduring global challenge of leading scholars grants of up to $100,000 to states at risk, myriad research, policy develop- pursue Islam-centered research. Their names ment and state-building programs located and pursuits plus a list of the Corporation’s primarily at leading U.S. universities and or- wide-ranging efforts to achieve a better edu- ganizations working toward world peace have cated, more just and peaceful society, here and received considerable support. globally, are on the following pages. Education

Advancing Literacy Higher Education

Carnegie Corporation of New York, Academy for Educational Development, Inc., New York, NY Washington, DC

For support of a Carnegie Advisory Council For technical assistance associated with the

on Advancing Adolescent Literacy. 12 Months, Teachers for a New Era initiative. 15 Months, $525,000. $2,374,600.

CAST Resources, Inc., Wakefield, MA Academy for Educational Development, Inc., Washington, DC Toward teaching reading comprehension

strategies on the Internet. 15 Months, $298,500. Toward Teachers for a New Era, a Corporation initiative to reform and improve the education  of teachers. 24 Months, $13,578,400. Johns Hopkins University, Baltimore, MD

As a final grant toward expediting California State University, Long Beach, CA comprehension for English-language learners. 24 Months, $722,000. Toward research examining the relationship between measures of preservice teacher preparation and student achievement gains. Portland State University, Portland, OR 36 Months, $749,700. Toward a teacher education program for improving adolescent literacy through the Carnegie Corporation of New York, integration of reading comprehension into New York, NY science and math courses. 24 Months, $100,000. For technical assistance associated with the

Teachers for a New Era initiative. 12 Months, RAND Corporation, Santa Monica, CA $1,976,300. For a study on the impact and implementation of middle school reading coaches. 18 Months, Michigan State University, East Lansing, MI $681,200. Toward a study of teacher retention and student learning in urban Michigan districts. University of Georgia Research Foundation, 36 Months, $385,700. Inc., Athens, GA

Toward an online course for middle school Teach For America, Inc., New York, NY teachers on adolescent literacy. 24 Months, $100,000. Toward strategic planning to strengthen training and support programs. 24 Months, $350,000 University of Cincinnati Foundation, National Coalition of Community Cincinnati, OH Foundations for Youth, Kansas City, MO

Toward a research project examining the As a final grant toward systemic strategies for relationship among teacher education, struggling students. 12 Months, $500,000. classroom practices and student achievement. 24 Months, $668,700. New York Community Trust, New York, NY

Toward support of the Donors’ Education University of Pennsylvania, Philadelphia, PA Collaborative, a group of New York City-based Toward a national initiative for assessment funders interested in school reform. reform. 24 Months, $250,000. 12 Months, $100,000.

Research for Action Inc., Philadelphia, PA

Urban School Reform Toward a study of public/private collaboration in restructuring high school education in American Youth Policy Forum, Washington, DC Philadelphia. 24 Months, $300,000. For developing policies aimed at reducing  dropout rates. 24 Months, $248,300. General Carnegie Corporation of New York, New York, NY The Aspen Institute, Inc., Washington, DC

For technical assistance and evaluation For the Congressional Program on Education. services for the Schools for a New Society 12 Months, $419,500. initiative. 12 Months, $1,250,000.

Education Sector Inc., Washington, DC Center on Education Policy, Washington, DC Toward support. 12 Months, $100,000. Toward monitoring the implementation of the No Child Left Behind Act at the state and National Academy of Sciences, Washington, DC district level. 24 Months, $750,000. Toward a study on incentives and test-based accountability in public education. 15 Months, Editorial Projects In Education, Inc., $350,000. Bethesda, MD

Toward coverage of district-level reform. 24 Months, $200,000. Other

Fund for the City of New York, Inc., Learning Matters, Inc., New York, NY New York, NY Toward education coverage for The NewsHour For continuation of the documentation study with Jim Lehrer. 24 Months, $100,000. of the New Century High Schools partnership strategy. 24 Months, $220,000. Education Development Center, Inc., Discretionary Newton, MA

9 month grant of $50,000 for a medical The Aspen Institute, Inc., Washington, DC simulation model to examine literacy and illiteracy 12 month grant of $50,000 toward an international conference on teacher quality Education Sector Inc., Washington, DC

Boys & Girls Clubs Of America, Atlanta, GA 12 month grant of $49,300 for a report on education reforms in Hamilton County, 19 month grant of $25,000 for a strategy to Tennessee promote adolescent literacy

Forum for Education and Democracy, Brown University, Providence, RI Amesville, OH 12 month grant of $40,000 toward support to 12 month grant of $50,000 for a planning grant document and disseminate the results of the

national forum, Understanding Educational Equity 10 and Excellence at Scale Good Shepherd Services, New York, NY

12 month grant of $25,000 toward an Brown University, Providence, RI independent evaluation of South Brooklyn Community High School’s youth development 12 month grant of $50,000 toward the model evaluation of a professional learning program that helps teachers improve student learning through literacy development Harvard University, Cambridge, MA

14 month grant of $50,000 for research on Brown University, Providence, RI predictors of teacher effectiveness

15 month grant of $50,000 toward Campus Contact’s project to mobilize leaders at International Reading Association, doctoral/research extensive universities Newark, DE in promoting civic engagement of higher education 10 month grant of $24,000 toward the development of curriculum materials to support Standards for Middle School and Cloud Institute for Sustainability High School Literacy Coaches Education, New York, NY

12 month grant of $25,000 toward evaluation Johns Hopkins University, Baltimore, MD of two New York City high school programs on entrepreneurship education and leadership 12 month grant of $50,000 toward advancing development adolescent literacy development in out-of- school time settings Make the Road By Walking, Brooklyn, NY Princeton University, Princeton, NJ

6 month grant of $15,000 toward a youth 12 month grant of $49,500 toward dissemination conference on high school reform in and outreach activities related to a journal New York City volume on improving teacher workforce

National Association of State Boards of Thomas B. Fordham Institute, Washington, DC Education, Alexandria, VA 12 month grant of $25,000 toward a conference 15 month grant of $10,000 for the publication and publication on the role of liberal arts in and dissemination of an adolescent literacy K-12 education report

University of Chicago, Chicago, IL National Governors’ Association Center 9 month grant of $48,700 for a study of school for Best Practices, Washington, DC and student correlates of freshman-year 11 month grant of $50,000 for an orientation academic performance meeting for partners involved in developing state policies to promote adolescent literacy University of Virginia, Charlottesville, VA 11

13 month grant of $38,600 toward a conference National Urban League, Inc., New York, NY on the education of future history teachers 28 month grant of $50,000 toward a strategic plan for community engagement in adolescent Woodrow Wilson Presidential Library literacy Foundation, Staunton, VA

24 month grant of $25,000 toward a symposium NEA Foundation for the Improvement of series on themes related to Woodrow Wilson’s Education, Washington, DC presidency and his legacy 12 month grant of $50,000 toward a symposium to engage teacher leaders through teacher education associations to improve adolescent  literacy

New England Board of Higher Education, Boston, MA

1 month grant of $10,000 toward a conference on New England’s arts and cultural assets in the new economy

Portland Schools Foundation, Portland, OR

6 month grant of $50,000 for strengthening the reform agenda of Portland’s secondary schools International Development

Council for Advancement and Support of Enhancing Women’s Education, Washington, DC Opportunities in Higher Education For improving educational advancement capacity at selected African universities. 24 Months, $300,000. Department of Education, Republic of South Africa, Pretoria, South Africa Evaluation Research Agency, Stellenbosch, Toward a national scholarship program for South Africa undergraduate women. 36 Months, $3,162,800. For building evaluation and research capacity at East and West African universities. Simmons College, Boston, MA 24 Months, $796,000. Toward technical assistance by the Center for Gender in Organizations for selected International Development Law African universities undertaking gender equity 12 Organization, Rome, Italy initiatives. 24 Months, $300,000. For strengthening the capacity of African universities in the field of international trade Revitalizing Public Libraries and investment law. 8 Months, $103,000.

New York University, New York, NY University of Cape Town, Rondebosch, South Africa Toward a position at the Steinhardt School Toward a model university library system. of Education to coordinate the work of the 36 Months, $2,496,215. foundation partnership to strengthen African universities. 24 Months, $213,600.

Strengthening Obafemi Awolowo University, Ile-Ife, Nigeria

African Universities Toward institutional strengthening and gender equity projects. 36 Months, $2,500,000. Association of African Universities, Accra-North, Ghana Pamoja, Inc., Chester, VT Toward the establishment of a unit to promote Toward training of trainers in grantseeking higher education and research networking in and proposal writing at selected African Africa. 33 Months, $118,500. Universities. 12 Months, $99,500.

Carnegie Corporation of New York, Society of Research Administrators New York, NY International Inc., Arlington, VA For evaluation and technical assistance for Toward a plan for supporting the strength- African universities. 12 Months, $675,300. ening of research administration capacity in African universities, in collaboration with the Association of Commonwealth Universities, Association of Commonwealth Universities and London, United Kingdom the Southern African Research and Innovation 4 month grant of $50,000 toward participation Management Association. 15 Months, $109,900. by selected African university executives in the association’s general conference University of Cape Town, Rondebosch, South Africa

As a final grant for development of science Boston College, Chestnut Hill, MA and engineering capacity in selected African 24 month grant of $25,000 toward research and universities. 12 Months, $83,144. publication of a book on the effects of the inter- nationalization of higher education in Africa University of Education, Winneba, Winneba, Ghana Institute of International Education, Inc., Toward distance education, student internships New York, NY and graduate studies. 36 Months, $2,000,000. 6 month grant of $50,000 toward participation of vice-chancellors in the first University University of Jos, Jos, Plateau State, Nigeria Leaders’ Forum 13 Toward institutional strengthening and gender equity projects. 36 Months, $2,500,000. International Association for Digital Publications, Washington, DC

University of KwaZulu-Natal, Scottsville, 12 month grant of $50,000 toward developing South Africa courses and providing technology for African universities that make use of e-learning and As a final grant toward the KwaZulu Natal digital publications Centre for HIV/AIDS Networking. 12 Months, $150,000. Manhattanville College, Purchase, NY

24 month grant of $50,000 toward establishing Discretionary a student leadership program at the University of Dar es Salaam

American Society for Cell Biology, Bethesda, MD South African Institute for Advancement, 12 month grant of $25,000 for a training Green Point, Cape Town, South Africa opportunity for young African scientists in bioinformatics 6 month grant of $15,000 toward a development and fundraising workshop for women from African universities Association of Commonwealth Universities, London, United Kingdom The Leadership Foundation, Washington, DC 10 month grant of $50,000 toward a training- of-trainers workshop in East Africa on women 20 month grant of $50,000 toward support of and higher education management two African higher education fellows University of Cape Town, Rondebosch, South Africa Other 7 month grant of $49,300 for African partici­ pation in a higher education management City of Cape Town, Cape Town, South Africa training seminar for women 12 month grant of $15,000 for expansion and enrichment of collections of African literature University of Dar es Salaam, Dar es Salaam, Tanzania City of Johannesburg, Johannesburg, 12 month grant of $25,000 for strategic plan- South Africa ning at the University’s College of Education 12 month grant of $15,000 for expansion and enrichment of collections of African literature University of KwaZulu-Natal, Scottsville, South Africa Foundation for Library and Information 6 month grant of $40,330 for a symposium on Service Development (Pty) Ltd., Pretoria, donor-funded equity and transformation South Africa programs at three collaborating universities 14 6 month grant of $15,000 for expansion and enrichment of collections of African University of Oregon, Eugene, OR literature

24 month grant of $50,000 for enhancement of electronic networks at selected African Msunduzi Municipality, Pietermaritzburg, universities and libraries by the Network South Africa Startup Resource Center 12 month grant of $15,000 for expansion and enrichment of collections of African University of Stellenbosch, Stellenbosch, literature South Africa

24 month grant of $50,000 toward a post­ University of Cape Town, Rondebosch, South Africa graduate diploma program in monitoring and 12 month grant of $15,000 for expansion and evaluation methods enrichment of collections of African literature

University of Technology, Sydney, Broadway, University of KwaZulu-Natal, Scottsville, NSW, Australia South Africa 5 month grant of $25,000 toward participation of 12 month grant of $15,000 for expansion and representatives from selected African universi- enrichment of collections of African literature ties to present papers at an international con- ference on gender equity in higher education University of the Witwatersrand, Johannesburg, South Africa University of the Witwatersrand, Johannesburg, South Africa 12 month grant of $15,000 for expansion and enrichment of collections of African 7 month grant of $25,000 toward a conference literature on contact and intergroup relations International Peace and Security

Harvard University, Cambridge, MA Alternative Foreign Toward research and writing on international Policy Perspectives security. 24 Months, $250,000.

University of California, Berkeley, Berkeley, CA Henry L. Stimson Center, Washington, DC

Toward a joint project, with Duke University, As a final grant toward unofficial, trilateral on global strategic challenges and foreign dialogue on South Asian security issues. policy. 24 Months, $350,000. 24 Months, $200,000.

International Institute for Strategic Nuclear and Biological Weapons Studies, London, United Kingdom

Toward a multilateral dialogue on Iran’s The Brookings Institution, Washington, DC nuclear program. 24 Months, $400,000. 15 Toward the Foreign Policy Studies program. 24 Months, $600,000. Massachusetts Institute of Technology, Cambridge, MA Center for Arms Control and Toward support of the Security Studies Non-Proliferation, Washington, DC Program. 24 Months, $600,000. Toward meetings for U.S. and international participants to exchange ideas on global National Academy of Sciences, Washington, DC approaches to biosecurity. 24 Months, $300,000. Toward a project on future biosecurity threats and policies. 24 Months, $200,000. Center for Policy Studies in Russia, Monterey, CA National Committee on American Foreign Toward a training program on nonprolifera- Policy, New York, NY tion for young specialists. 24 Months, $250,000. Toward a multilateral dialogue on North Korea. 24 Months, $250,000. Council on Foreign Relations, Inc., New York, NY Stanford University, Stanford, CA Toward research and outreach on new security threats. 24 Months, $350,000. Toward research and writing on international security. 24 Months, $250,000.

Federation of American Scientists Fund, Washington, DC Stanford University, Stanford, CA

Toward a project to strengthen the link Toward research and training in international between the biological research and security security. 24 Months, $1,000,000. policy communities. 24 Months, $500,000. University of Bradford, Bradford, United Financial Services Volunteer Corps, Inc., Kingdom New York, NY

Toward a series of international meetings and Toward a project on relations among the dialogues on preventing the hostile use of United States, Russia and China. 24 Months, biology. 24 Months, $223,200. $320,000.

University of California, San Diego, Harvard University, Cambridge, MA La Jolla, CA Toward the executive programs for Russian For a project to strengthen the link between military officers and policymakers from Russia the biological research and security policy and the Black Sea region. 24 Months, $900,000. communities. 24 Months, $300,000.

International Research and Exchanges University of Sussex, Brighton, United Kingdom Board, Inc., Washington, DC

Toward a project to develop an international For improving university administration in agreement to criminalize the development, Russia and other post-Soviet states. 24 Months, 16 production or use of biological weapons. $699,000. 24 Months, $225,000.

National Academy of Sciences, Washington, DC

As a final grant for a study on U.S.-Russian Russia and Eurasia interacademy cooperation in countering urban terrorism. 15 Months, $288,000. American Council for International Education, Inc., Washington, DC National Security Archive Fund, Inc., For a center for advanced study and education Washington, DC in Belarus. 24 Months, $500,000. Toward support for the Russia and Former Soviet Union Initiative. 24 Months, $450,000. American Council of Learned Societies, New York, NY New School University, New York, NY For fellowships in the humanities for scholars Toward the Journal Donation Project. in the former Soviet Union. 24 Months, 24 Months, $300,300. $800,000

University of California, Berkeley, The Aspen Institute, Inc., Washington, DC Berkeley, CA Toward the international activities of the For a visiting program for Russian scholars. Congressional Program. 12 Months, $500,000. 24 Months, $250,000.

Eurasia Foundation, Inc., Washington, DC

Toward interdisciplinary research and training centers in the Caucasus. 24 Months, $2,000,000. University of Michigan, Ann Arbor, MI Henry L. Stimson Center, Washington, DC

For a joint project with the European Toward a project on enhancing public security University in St. Petersburg to foster the and the rule of law in post-conflict states at development of the social sciences in Russia’s risk. 24 Months, $325,000. regional universities. 24 Months, $400,000.

International Crisis Group, New York, NY World Security Institute, Washington, DC Toward research, analysis, dialogue, and One-time grant toward evaluating the national dissemination on preventing state collapse. interests of the United States and Russia to- 24 Months, $375,000. ward post-Soviet Eurasia. 24 Months, $130,000.

International Peace Academy, Inc., New York, NY

States at Risk Toward a project to assist the development of the United Nation’s Peacebuilding Commission. Brown University, Providence, RI 24 Months, $362,000. Toward a project to promote a new global 17 security agenda. 24 Months, $300,000. New York University, New York, NY

Toward a project on enhancing governmental Center for Global Development, Washington, DC and intergovernmental capacity to support state-building. 24 Months, $300,000. Toward research on transnational threats posed by states at risk. 24 Months, $300,000. New York University, New York, NY

Center for Strategic and International Toward research, analysis, dialogue and Studies, Inc., Washington, DC dissemination on legal regulation of private military companies in states at risk. 24 Months, Toward a project on reforming U.S. and $300,000. international post-conflict reconstruction efforts. 24 Months, $300,400. Princeton University, Princeton, NJ

Columbia University, New York, NY Toward an analysis of post-conflict Afghanistan and its future. 24 Months, Toward the Gulf 2000 project. 24 Months, $150,100. $350,500.

Dayton Peace Accords Project, Medford, MA RAND Corporation, Santa Monica, CA For state-building in Bosnia and Herzegovina. Toward research and policy outreach on 12 Months, $100,000. national and international decision-making structures addressing states at risk. Future Generations, Franklin, WV 24 Months, $375,000.

Toward research and policy development on the role of community participation in states at risk. 24 Months, $300,000. Research Foundation of the City University European Institute Inc., Washington, DC of New York, New York, NY 6 month grant of $50,000 toward a For research, analysis, dialogue and transatlantic conference on biosecurity dissemination on states at risk. 24 Months, $287,000. Georgetown University, Washington, DC

10 month grant of $48,900 supplemental Woodrow Wilson International Center for funding toward research and publications Scholars, Washington, DC on nontraditional security by the European For research, analysis, dialogue and University at St. Petersburg dissemination on the role of local actors in states at risk. 24 Months, $300,000. Georgia Tech Research Corporation, Atlanta, GA

27 month grant of $25,000 toward a meeting on Discretionary security issues in Northeast Asia

The Aspen Institute, Inc., Washington, DC 18 Massachusetts Institute of Technology, 6 month grant of $20,000 toward a meeting on Cambridge, MA transatlantic relations with Russia 10 month grant of $25,000 for a seminar series on biosecurity and national security Association Bosnia and Herzegovina 2005, Geneva, Switzerland National Academy of Sciences, Washington, DC 6 month grant of $25,000 toward an 5 month grant of $25,000 toward enhancing the international conference on Bosnia and biosecurity dialogue by clarifying definitions Herzegovina of key biological security terms

Columbia University, New York, NY Nonviolent Peaceforce, Minneapolis, MN 12 month grant of $16,000 for research and 3 month grant of $25,000 final grant toward writing on Russian foreign policy supporting unarmed peacekeeping activities in Sri Lanka Dayton Peace Accords Project, Medford, MA

12 month grant of $50,000 as a final grant Women’s Leadership Fund, New York, NY toward state-building in Bosnia and 12 month grant of $50,000 toward a project on Herzegovina fresh approaches to global security

Emory University, Atlanta, GA Woodrow Wilson International Center for 16 month grant of $25,000 toward an Scholars, Washington, DC examination of the models of states at risk 3 month grant of $25,000 toward an international forum on the relationship between national security and civil liberties Strengthening U.S. Democracy

Campaign Finance Reform Immigrant Civic Integration

Center for Responsive Politics, Arab Community Center for Economic and Washington, DC Social Services, Dearborn, MI

As a final grant toward support. 36 Months, Toward building a national network of $500,100. community-based organizations serving Arab Americans. 24 Months, $400,000.

Committee for Economic Development, Washington, DC National Conference of State Legislatures, Denver, CO As a final grant toward outreach and public education within the business community on For a collaboration with the National campaign finance reform, including judicial Hispanic Caucus of State Legislators on elections. 24 Months, $400,000. immigrant issues at the state level. 12 Months, 19 $100,000.

Democracy Matters Institute, Hamilton, NY Pacific News Service, San Francisco, CA As a final grant for its campus coordinator program. 24 Months, $200,000. Toward increasing ethnic media’s capacity to cover immigration reform issues. 24 Months, $200,000. National Institute on Money in State Politics, Helena, MT Public Interest Projects, New York, NY As a final grant toward support. 24 Months, $450,000. Toward a funder collaborative on immigrant civic integration. 12 Months, $1,000,000.

National Voting Rights Institute, Boston, MA Western States Center, Inc., Portland, OR Toward public education on the impact of the legal precedent of Vermont’s spending limits Toward building civic capacity among new law. 12 Months, $100,000. immigrant communities in the Northwest region. 24 Months, $200,000.

Public Campaign, Washington, DC William C. Velasquez Institute, Inc., As a final grant toward support. 36 Months, San Antonio, TX $600,000. Toward measuring Latino political participation in 2006 and 2007. 21 Months, $200,000. Center for Governmental Studies, Inc., Strengthening the Nonprofit Los Angeles, CA and Philanthropic Sector Toward improving California’s systems of governance and civic engagement. 24 Months, $400,000. Action Without Borders, Inc., New York, NY

As a final grant toward Idealist.org, a Common Cause Education Fund, human resources web site for nonprofits and Washington, DC nonprofit job-seekers. 12 Months, $125,000. Toward support. 24 Months, $400,000.

Impact Online Inc., San Francisco, CA Common Cause Education Fund, As a final grant toward developing and Washington, DC implementing a financial sustainability system for VolunteerMatch.org. 12 Months, $150,000. Toward a public education campaign on the role of the competitive media environment in U.S. democracy. 12 Months, $400,000. 20 Philanthropic Research, Inc., Williamsburg, VA As a final grant toward support for GuideStar, Leadership Conference on Civil Rights a national database of nonprofit organizations. Education Fund, Inc., Washington, DC 24 Months, $250,000. Toward a public education initiative on the impact of the enforcement mechanisms of the Voting Reform and Education Voting Rights Act of 1965. 12 Months, $500,000.

Minnesota Council of Nonprofits, Advancement Project, Washington, DC Saint Paul, MN Toward its election administration and voting Toward strengthening the capacity of rights program. 18 Months, $200,000. nonprofits that promote voter/civic engagement. 12 Months, $100,000. American Institute for Social Justice, Inc., Washington, DC National Coalition on Black Civic Toward increasing voter participation among Participation, Inc., Washington, DC low-income and minority voters. 12 Months, Toward support. 24 Months, $250,000. $100,000.

Northeast Action, Inc., Boston, MA American University, Washington, DC Toward support. 24 Months, $200,000. Toward dissemination of the recommendations of a commission on federal election reform. 18 Months, $200,000. Project Vote/Voting for America, Inc., Constitutional Rights Foundation, Little Rock, AR Los Angeles, CA

Toward support. 18 Months, $200,000. As a final grant toward coalition building, public education, research and communications to promote a comprehensive approach to Proteus Fund, Inc., Amherst, MA school-based civic education in California. 24 One-time support toward a funder Months, $350,000. collaborative on media reform and media democracy. 12 Months, $200,000. Council for Excellence in Government, Washington, DC Reform Institute Inc., Alexandria, VA Toward supplemental funding for the Toward its democracy and elections program. establishment of a national coalition that 23 Months, $200,000 advocates for implementation of the policy recommendations outlined in the “Civic Mission of Schools” report. 12 Months, Strategic Concepts In Organizing And $250,000. Policy Education, Los Angeles, CA 21 Toward developing alliances of community- Greater Washington Educational based organizing networks in six states that Telecommunications Association, Inc., will work to increase voter engagement in low- Arlington, VA income communities. 12 Months, $200,000. Toward understanding young people’s attitudes toward a wide range of social, economic, and University of Pennsylvania, Philadelphia, PA political issues. 8 Months, $100,000. Toward the Fels Institute of Government’s MyVote1 voter assistance, question, and complaint hotline. 24 Months, $200,000. Discretionary

William J. Brennan, Jr., Center for Justice, ACORN Institute, Washington, DC Inc., New York, NY 9 month grant of $50,000 toward education Toward support of its democracy program. and mobilization of citizens displaced by 24 Months, $600,000. Hurricanes Katrina and Rita to facilitate their participation in Louisiana’s 2006 local, state, and national elections Youth Civic Engagement Alliance for Children and Families, Inc., Center for Public Interest Research, Inc., Milwaukee, WI Boston, MA 24 month grant of $50,000 toward a pilot Toward the New Voters Project, an initiative program that will help nonprofit human to promote youth voter registration. service agencies improve the civic engagement 13 Months, $200,000. of their constituents American Association for the Advancement Center for Community Change, of Science, Washington, DC Washington, DC

10 month grant of $50,000 for a conference on 8 month grant of $25,000 toward capacity the state of research on the U.S. voting system building for media outreach on immigration civic integration issues

American Enterprise Institute for Public Policy Research, Washington, DC Center for Democracy and Technology, Washington, DC 12 month grant of $22,000 for preparing amicus briefs by political science scholars in defense 6 month grant of $25,000 toward educating of provisions of the Bipartisan Campaign bloggers and political activists on how Reform Act campaign finance law relates to their online activities

American University, Washington, DC Center for Effective Philanthropy, Inc., 16 month grant of $50,000 toward the Cambridge, MA establishment of the Center for the Study of 22 the American Electorate 12 month grant of $25,000 toward expanding and creating tools for foundations to assess their effectiveness, performance, and Appleseed Foundation, Inc., Washington, DC governance 17 month grant of $50,000 toward electoral reform research and advocacy on computerized Center for Governmental Studies, Inc., statewide voter registration systems Los Angeles, CA

1 month grant of $5,000 toward travel costs Boardsource, Washington, DC for participants at a meeting on new campaign 12 month grant of $25,000 final grant toward disclosure technologies support

Center for Political Accountability, Brigham Young University, Provo, UT Washington, DC

12 month grant of $50,000 toward research on 12 month grant of $25,000 toward improving public attitudes on the voting experience in transparency and accountability in corporate Ohio and Utah political spending

Campaign Legal Center, Inc., Washington, DC Chicago Council on Global Affairs, Chicago, IL 12 month grant of $15,000 toward a conference on reforming redistricting 12 month grant of $50,000 toward a project on understanding the challenges of engaging U.S. Muslims in domestic and foreign policy discussions Coalition for DC Representation Education The Epidavros Project, Inc., New York, NY Fund, Washington, DC 6 month grant of $50,000 toward a 12 month grant of $25,000 toward support of documentary on immigration, identity and DC Vote democracy in the United States

Communications Consortium Media Center, Focus Project, Inc., Washington, DC Washington, DC 10 month grant of $50,000 as a final grant 12 month grant of $50,000 toward coalition- toward educating publicly-supported building and communications to build public nonprofits on their advocacy rights support for comprehensive Census data collection Fordham University, New York, NY

12 month grant of $25,000 toward a symposium Committee for Economic Development, on judicial selection in New York State Washington, DC

7 month grant of $50,000 toward a study on the Foundation Center, New York, NY impact of immigrants on the U.S. economy 23 12 month grant of $33,000 toward 2006 membership support Council on Foundations, Inc., Washington, DC

12 month grant of $45,000 toward 2006 Grantmakers Concerned with Immigrants membership support and Refugees, Sebastopol, CA

12 month grant of $1,000 toward 2006 Democracy North Carolina, Carrboro, NC membership support 12 month grant of $50,000 toward research and public education on the impact of same-day Grantmakers for Education, Portland, OR registration and voting on turnout in North Carolina 12 month grant of $3,000 toward 2006 membership support

Democracy South, Virginia Beach, VA Grants Managers Network, Metairie, LA 2 month grant of $25,000 toward a regional training workshop on organizing nonpartisan 12 month grant of $2,000 toward 2006 civic engagement programs in the South membership support

Grassroots Policy Project, Washington, DC Economic Policy Institute, Washington, DC 12 month grant of $25,000 toward documenting 12 month grant of $25,000 toward a study on a program that trains nonprofits in the impact of immigration on the U.S. economy integrating year-round civic engagement activities Electronic Privacy Information Center, Koahnic Broadcast Corporation, Washington, DC Anchorage, AK

12 month grant of $50,000 toward electronic 9 month grant of $50,000 toward a radio voting system reform outreach project to encourage voting among Alaska Natives and other Native Americans

Hispanics In Philanthropy, San Francisco, CA Lawyers’ Committee for Civil Rights Under 12 month grant of $3,000 toward 2006 Law, Washington, DC membership support 2 month grant of $25,000 toward providing information to Louisiana voters to prevent Illinois Coalition for Immigrant and disenfranchisement in the 2006 elections Refugee Rights, Chicago, IL

12 month grant of $50,000 toward a national League of Women Voters Education Fund, communications strategy to promote statewide Washington, DC immigrant integration policy 6 month grant of $50,000 toward a non- partisan web site that provides comprehensive 24 Independent Sector, Washington, DC information on elections and the voting 12 month grant of $12,500 toward 2006 process membership support

Midwest States Center, Prairie Farm, WI Indiana University, Bloomington, IN 3 month grant of $25,000 toward support of a 12 month grant of $50,000 toward strategic convening and planning retreat of establishment and evaluation of the regional centers Philanthropy Incubator program at the Center on Philanthropy Migration Policy Institute, Washington, DC

12 month grant of $50,000 for dissemination of Institute for Local Self Government, the final report of a national examination of Sacramento, CA immigration policy 12 month grant of $20,000 toward a guide for public officials in California on immigrant Mississippi Immigrants Rights Alliance, civic engagement Jackson, MS

12 month grant of $25,000 toward promoting Investigative Reporters and Editors, Inc., civic engagement among immigrant workers Columbia, MO along the Mississippi Gulf Coast 24 month grant of $50,000 toward training state and local news media on campaign National Association of State Boards of financing issues Education, Alexandria, VA

9 month grant of $15,000 toward promoting civic learning and ethical behavior in K-12 education National Coalition of Community New York Regional Association of Foundations for Youth, Kansas City, MO Grantmakers, Inc., New York, NY

12 month grant of $10,000 toward its Youth 12 month grant of $16,000 toward 2006 Transition Funders Group membership support

National Conference on Citizenship, Northeastern University, Boston, MA Washington, DC 12 month grant of $23,000 toward a conference 6 month grant of $50,000 for a planning process analyzing the role of swing voters in American to create an index of national civic health elections

National Immigration Law Center, NSA Anthology Charitable Trust, Los Angeles, CA Malden on Hudson, NY

12 month grant of $25,000 toward 6 month grant of $25,000 toward the strengthening the capacity of state and local publication of an anthology on student groups to promote immigrant access to identity organizing and leadership documentation 25 Philanthropic Ventures Fund, Oakland, CA National Institute for Latino Policy, 12 month grant of $1,000 toward 2006 New York, NY membership support for its International 7 month grant of $25,000 toward support Human Rights Funders Group project

National Institute on Money in State Philanthropy Roundtable, Washington, DC Politics, Helena, MT 12 month grant of $5,000 toward 2006 7 month grant of $50,000 for expanded membership support outreach efforts and review of strategic communications plan Ploughshares Fund, San Francisco, CA

15 month grant of $25,000 toward the Peace and New School University, New York, NY Security Funders Group 12 month grant of $50,000 toward public education on alternative definitions of Pro Bono Net, Inc., New York, NY national security 6 month grant of $50,000 toward the pilot phase of a web-based information and New World Foundation, New York, NY networking portal on immigrant legal issues 12 month grant of $2,500 toward its Social Justice Funders Group project Public Interest Projects, New York, NY

12 month grant of $5,000 2006 membership support toward its Funders’ Committee for Civic Participation Purdue University, Lafayette, IN University of North Carolina at Chapel Hill, Chapel Hill, NC 12 month grant of $24,900 toward a study on the implications of immigrants’ dual citizenship 6 month grant of $25,000 toward a conference on their civic engagement in the United States on redistricting reform and its impact on minority voters

Reed College, Portland, OR U.S. Public Interest Research Group 7 month grant of $17,000 toward enhancing Education Fund, Washington, DC the US Election Assistance Commission’s 2004 Election Day Survey 2 month grant of $7,500 toward public education on the impact of Vermont’s campaign spending limits Support Center for Nonprofit Management Inc., New York, NY Woodrow Wilson International Center for 12 month grant of $50,000 as a final grant Scholars, Washington, DC toward an initiative to promote sustained, strategic philanthropy in African American, 12 month grant of $20,000 toward research 26 Asian American and Latino communities examining political participation among Arab Americans

Sponsors for Educational Opportunity, Inc., New York, NY Women’s Voices Women Vote, Washington, DC

12 month grant of $10,000 toward 2006 12 month grant of $50,000 toward support membership support

The Working Group, Oakland, CA Southern Rural Development Initiative, 6 month grant of $25,000 toward expansion of Inc., Raleigh, NC the “Not In Our Town” network, a national 12 month grant of $50,000 final grant toward community campaign against hate crimes planning a regional project to meet the capacity- building needs of small or under-capitalized nonprofit organizations in the South

Tides Center, San Francisco, CA

12 month grant of $25,000 for Africa Grant­ makers Affinity Group 2006 membership dues

Tides Center, San Francisco, CA

12 month grant of $1,500 toward its Technology Affinity Group project Special Opportunities Fund

Fund for War-Affected Children and Youth in Northern Uganda, New York, NY Discretionary

Toward support. 12 Months, $250,000. ADC Research Institute, Washington, DC

Georgetown University, Washington, DC 12 month grant of $50,000 for a database and publication that documents civil rights Toward a conference on the value of an and civil liberties violations against Muslim independent judiciary. 4 Months, $100,000. Americans

Harvard University, Cambridge, MA America Speaks, Inc., Washington, DC

Toward a study on citizens’ attitudes and 3 month grant of $50,000 toward an interactive trust of democratic institutions. 24 Months, conference engaging citizens in the planning $150,000. for the rebuilding of hurricane-ravaged New Orleans and its surrounding communities 27 Human Rights First, New York, NY

Toward its U.S. refugee protection program. Brown University, Providence, RI 12 Months, $100,000. 9 month grant of $25,000 for an ethnographic case study on the transnational experience Institute of International Education, Inc., New York, NY Campus Truth Foundation, New York, NY

One-time support for a feasibility study on 12 month grant of $25,000 toward a pilot developing indicators of academic freedom study on measuring tolerance on college and worldwide. 12 Months, $100,000. university campuses

National Endowment for the Humanities, Centre for Development and Population Washington, DC Activities, Washington, DC

One-time only support for its 2006 Jefferson 12 month grant of $50,000 toward a workshop Lecture in the Humanities. 12 Months, on women’s leadership in global issues $106,000.

Council on Foreign Relations, Inc., New York, NY

12 month grant of $50,000 toward a consortium of Arab policy institutes focusing on policy alternatives for reform and modernization in the Muslim world Council on Foundations, Inc., Washington, DC New York University, New York, NY

6 month grant of $35,500 toward advocacy 19 month grant of $50,000 toward a study on public policy issues related to private on improving Congressional performance in foundations considering long-term policy reforms

Elie Wiesel Foundation For Humanity Inc., Partnership for a Secure America, Inc., New York, NY Washington, DC

12 month grant of $25,000 toward support 12 month grant of $25,000 one-time funding toward support

The Feminist Press, New York, NY Project on Ethnic Relations, Inc., 12 month grant of $25,000 one-time only grant Princeton, NJ toward support 12 month grant of $50,000 toward support

International Cultural Property Society, New York, NY Teachers College, Columbia University, 28 New York, NY 5 month grant of $25,000 toward a conference on cultural property law 12 month grant of $50,000 toward an online digital archive of The Open Mind, a long- running television interview broadcast Library of Congress, Washington, DC

6 month grant of $40,000 for a meeting with The University of Maryland Foundation, officials of the National Library and Archives Inc., Adelphi, MD of Iran 9 month grant of $25,000 toward a symposium in honor of Thomas C. Schelling’s 2005 Nobel MEM Associates, Inc., New York, NY Memorial Prize in Economics 12 month grant of $50,000 toward institutionalizing the Healthy Steps for Young University of Michigan, Ann Arbor, MI Children program 2 month grant of $49,300 one-time support toward a leadership forum attended by National Humanities Center, senior university leaders of China’s national Research Triangle Park, NC universities 5 month grant of $50,000 one-time only grant for professional services for a fundraising campaign

News in Education Foundation, New York, NY

8 month grant of $48,000 toward a project to increase understanding of public scholarship and issues in Islam Carnegie Scholars

Dr. Abbas Amanat, Ph.D., Yale University Dr. Marwa Elshakry, Ph.D., Harvard University 24 month grant of $100,000 for a research project titled “Defying Islamic Conformity: 24 month grant of $97,000 for a research Skeptics, Heretics and Rebelling Dervishes” project titled “Science and Secularism in the Arab World after Darwin”

Dr. Said A. Arjomand, Ph.D., State University of New York, Stony Brook Dr. Michael M. J. Fischer, Ph.D., Massachusetts Institute of Technology 24 month grant of $100,000 for a research project titled “Islam and Constitutional 24 month grant of $100,000 for a research Reconstruction in the Middle East” project titled “Emergent Forms of Life, Deep Play, and Ethical Plateaus in the Social and Technoscientific Infrastructures: Shaping Dr. Raymond W. Baker, Ph.D., Trinity College Muslim Democratic Futures” 24 month grant of $98,300 for a research 29 project titled “The Contemporary Islamic Dr. Fawaz A. Gerges, Ph.D., Wassatteyya (Mainstream): Understanding the Sarah Lawrence College Resilience and Appeal of Islam in a Global Age” 15 month grant of $100,000 for a research project titled “The Intra-Jihadist War” Dr. Eva R. Bellin, Ph.D., Hunter College

24 month grant of $96,300 for a research Dr. Kambiz GhaneaBassiri, Ph.D., Reed College project titled “Arbitrating Identity: High Courts and the Politics of Islamic-Liberal 24 month grant of $98,900 for a research Reconciliation in the Muslim World” project titled “A History of Islam in America Since the Colonial Period”

Dr. Zvi Ben-Dor Benite, Ph.D., New York University Dr. Ellis Jay Goldberg, Ph.D., University of Washington 24 month grant of $100,000 for a research project titled “Islam and the Emergence of 24 month grant of $100,000 for a research Modern China” project titled “Sovereignty, Community and Citizenship in Contemporary Arab Political Thought” Dr. Devin A. DeWeese, Ph.D., Indiana University, Bloomington Mr. Aziz Z. Huq, J.D., New York University 24 month grant of $100,000 for a research project titled “Historical and Critical 24 month grant of $100,000 for a research Perspectives on Islam in Central Asia” project titled “Counter-Terrorism, Speech, Regulation, and Muslim Minorities in the West” Dr. Marion Holmes Katz, Ph.D., Dr. Heather J. Sharkey, Ph.D., New York University University of Pennsylvania

24 month grant of $85,100 for a research 12 month grant of $93,000 for a research project titled “Contesting the Mosque: project titled “Christian Evangelism and Debates over Muslim Women’s Ritual Access” Western Imperialism in the Modern Middle East: The Long-Term Consequences of American Missionary Encounters with Muslims” Dr. Clark B. Lombardi, J.D., Ph.D., University of Washington Dr. Elora Shehabuddin, Ph.D., Rice University 24 month grant of $100,000 for a research project titled “Muslim Judges as a New Voice in 24 month grant of $89,000 for a research Islamic Discourse” project titled “Women at the Muslim Center: Islamist Ideals and Democratic Exigencies”

Dr. Farzaneh Milani, Ph.D., University of Virginia Ms. Madhavi Sunder, J.D., University of California, Davis 12 month grant of $100,000 for a research 30 project titled “Remapping the Cultural 24 month grant of $100,000 for a research Geography of Iran: Islam, Women, and project titled “The New Enlightenment: Mobility” How Muslim Women Are Bringing Religion and Culture Out of the Dark Ages”

Dr. Yitzhak Nakash, Ph.D., Brandeis University

12 month grant of $100,000 for a research project titled “Governance and Leadership in Modern Islam”

Dr. Vali R. Nasr, Ph.D., Naval Post Graduate School

24 month grant of $100,000 for a research project titled “Gauging the Prospects for the Rise of ‘Muslim Democratic’ Political Parties and Platforms in Muslim Democracies”

Dr. Jen’nan Ghazal Read, Ph.D., University of California, Irvine

24 month grant of $100,000 for a research project titled “Multiple Identities and Muslim American Political Incorporation” Anonymous $30 Million in Grants to Cultural and Social Service Institutions in New York City

Art in General, Inc., $25,000 Arts and Cultural Organizations Arthur Aviles Typical Theatre Inc., $10,000

52nd Street Project, Inc., $50,000 Artists Space, Inc., $25,000

Aaron Davis Hall, Inc., $100,000 Arts Connection, $125,000

Abingdon Theatre Company, $10,000 Asian American Arts Alliance, $25,000

Academy of American Poets, Inc., $10,000 Atlantic Theater Company, $75,000

Alley Pond Environmental Center, Inc., Ballet Hispanico of New York, $100,000 $25,000

Ballet Tech Foundation, Inc., $25,000 Alliance for the Arts, Inc., $100,000 31 Bang On A Can, $25,000 Alliance of Resident Theatres, $150,000

Bargemusic, Ltd., $75,000 Alvin Ailey Dance Foundation, $125,000

Baryshnikov Dance Foundation, $50,000 Amas Musical Theatre, Inc., $10,000

Batoto Yetu Inc., $10,000 American Ballroom Theater Company, Inc., $75,000 Bayside Historical Society, $10,000

American Folk Art Museum, $75,000 Bill T. Jones/Arnie Zane Dance Company, $75,000 American Jewish Historical Society, $25,000

Billie Holiday Theatre Incorporated, American Museum of the Moving Image, $25,000 $125,000

Bloomingdale School of Music Inc., $25,000 American Music Center, Inc., $100,000

Borough of Manhattan Community College American Place Theatre, Inc., $10,000 Performing Arts Center, Inc., $50,000

American Symphony Orchestra League, Bronx Arts Ensemble, Inc., $25,000 $50,000

Bronx Council on the Arts, Inc., $100,000 Amigos del Museo del Barrio, $150,000

Bronx County Historical Society, $25,000 Anthology Film Archives, $25,000

Bronx Museum of the Arts, $75,000 Apollo Theater Foundation, Inc., $100,000 Bronx River Art Center, Inc, $25,000 Cherry Lane Theatre, $50,000

Brooklyn Academy of Music, Inc., $150,000 Children’s Museum of Manhattan, $75,000

Brooklyn Arts Council, Inc., $100,000 Children’s Museum of the Arts, Inc., $25,000

Brooklyn Arts Exchange, Inc., $25,000 Chinese American Arts Council Inc., $10,000

Brooklyn Ballet, $10,000 City Lights Youth Theatre Inc., $25,000

Brooklyn Botanic Garden Corporation, City Lore, Inc., $50,000 $150,000 CITYarts, $10,000 Brooklyn Center for the Performing Arts, $50,000 Classical Theatre of Harlem Inc., $25,000

Brooklyn Children’s Museum, $150,000 College of Staten Island Foundation, Inc., $25,000 32 Brooklyn Conservatory of Music, $50,000 Colonial Farmhouse Restoration Society Brooklyn Historical Society, $50,000 of Bellerose, Inc. dba Queens County Farm Museum, $25,000 Brooklyn Information & Culture, Inc., $25,000 Coney Island USA, $25,000

Brooklyn Institute of Arts and Sciences dba Cool Culture Inc., $10,000 The Brooklyn Museum, $150,000

Council on the Arts & Humanities for Brooklyn Philharmonic Symphony Staten Island, $100,000 Orchestra, Inc., $100,000

Brooklyn Youth Chorus Academy, Inc., Creative Time, Inc., $50,000 $50,000 CSC Repertory LTD, $25,000 Career Transitions for Dancers, $10,000 Dance New Amsterdam, $125,000 Center for Arts Education Inc., $100,000 Dance Theater Workshop, Inc., $125,000 Center for Jewish History, Inc., $25,000 Dance Theatre of Harlem, Inc., $100,000 Center for Traditional Music and Dance, Inc., $50,000 Dance USA, $25,000

Chamber Music America, Inc., $50,000 Dancewave, Inc., $25,000

Chashama, Inc., $10,000 Dancing In The Streets, Inc., $25,000

Checkerboard Foundation, Inc., $10,000 Danspace Project, Inc., $25,000 Dia Center for the Arts, Inc., $100,000 Flushing Council on Culture and the Arts, Inc., $75,000 Dieu Donne Paper Mill, $10,000 Flux Factory, $10,000 Discalced, Inc. dba Mark Morris Dance Group, $125,000 Frank Silvera Writers Workshop Foundation, Inc., $10,000 Dixon Place, $25,000 Franklin H. Williams Caribbean Cultural Doing Art Together Inc., $25,000 Center African Diaspora Institute, $25,000

Downtown Community Television Friends of Materials for the Arts Inc., Center Inc., $50,000 $10,000

The Drama League, $25,000 Ghetto Film School Inc., $25,000

The Drawing Center, Inc., $75,000 Hands On Sign Interpreted Performances, Inc., $25,000 DreamYard Drama Project, Inc., $25,000 33 Harlem Arts Alliance, $25,000 Elizabeth Foundation for the Arts, $75,000 Harlem School of the Arts, $100,000 En Foco, Inc., $10,000 Harlem Textile Works Ltd., $25,000 Ensemble Studio Theatre, Inc., $50,000 Heart of Brooklyn Cultural Institutions, Epic Theatre Center Inc., $25,000 Inc., $25,000

Ethel’s Foundation for the Arts, $10,000 High 5 Tickets to the Arts, Inc., $50,000

Eugenio Maria de Hostos Community Highbridge Voices Corporation, $10,000 College Foundation, $50,000 Historic House Trust of New York City, Exit Art - The First World Inc., $10,000 Inc., $50,000

Exploring the Metropolis, Inc., $10,000 Home for Contemporary Theatre and Art, dba HERE, $50,000 The Field, $10,000 Horizon Concerts Inc., $25,000 Film/Video Arts, Inc., $50,000 Hospital Audiences, Inc., $100,000 Find Your Voice, Inc., $25,000 H.T. Dance Company, Inc., $25,000 Flamenco Latino, $10,000 Ice Theatre of New York, $25,000 Flea Theatre, $25,000 Ifetayo Cultural Arts Facility, Inc., $25,000 International Arts Relations, Inc., $50,000 Louis Armstrong House & Archives, $25,000

International Print Center New York, Lower East Side Printshop, Inc., $25,000 $25,000 Lower East Side Tenement Museum, $50,000 Irish Repertory Theatre Company, Inc., $50,000 Lower Manhattan Cultural Council, Inc., $100,000 Irondale Productions, Inc., $10,000 Ma-Yi Filipino Theatre Ensemble Inc., Isamu Noguchi Foundation and Garden $10,000 Museum, Inc., $100,000 Mabou Mines Development Foundation, Jacques Marchais Center of Tibetan Art, Inc., $25,000 $25,000 Manhattan Class Company, Inc., $10,000 Jamaica Center for Arts and Learning, Inc., 34 $75,000 Manhattan School of Music, $100,000 Jazz at Lincoln Center, $150,000 Manhattan Theater Club, Inc., $100,000

Jazzmobile, Inc., $25,000 Mariachi Academy, $10,000

Jewish Children’s Museum, $50,000 Marquis Studios Ltd., $10,000

John A. Noble Collection, $25,000 Martha Graham Center of Contemporary Dance, Inc., $75,000 Jose Limon Dance Foundation, $50,000 Meet the Composer, Inc., $25,000 Joyce Theater Foundation, Inc., $150,000 Merce Cunningham Dance Company, $75,000 Kentler International Drawing Space, $10,000 Midori Foundation, Inc., $25,000

King Manor Association of Long Island, Mind-Builders Creative Arts Co., Inc., Inc., $25,000 $25,000

Kings Majestic Corporation, $25,000 Minetta Brook Inc., $10,000

La Mama Experimental Theatre Club, Inc., Museum for African Art, $75,000 $75,000 Museum of Arts and Design, $100,000 Labyrinth Theater Company, $25,000 Museum of Chinese in the Americas, $25,000 Lehman College Center for the Performing Arts, Inc., $25,000 Museum of Jewish Heritage – Living Memorial to the Holocaust, $100,000 Music Outreach – Learning Through Music, Museum of the City of New York, $125,000 Inc., $75,000 Nuyorican Poets Cafe, Inc., $25,000 Musica de Camera, $10,000 Ontological-Hysteric Theater, Inc., $15,000 National Center for Creative Aging Inc., $25,000 Opus 118 Harlem School of Music, $10,000

National Choral Council, Inc., $25,000 Orpheon, Inc./The Little Orchestra Society, $50,000 National Dance Institute, Inc., $75,000 Orpheus Chamber Orchestra, Inc., $100,000 Negro Ensemble Company, Inc., $10,000 Our Time Theatre Company, $10,000 New 42nd Street, Inc. / New Victory Theater, $125,000 P.S.1 Contemporary Art Center, Inc., $125,000 New Dramatists, Inc., $25,000 Pan Asian Repertory Theatre, Inc., $50,000 35 New Federal Theatre,, $25,000 Paper Bag Players, Inc., $50,000 New Museum of Contemporary Art, $150,000 Paul Taylor Dance Foundation, $75,000 New York Chinese Cultural Center, Inc., $25,000 Pearl Theatre Company, Inc., $25,000

New York City Center Inc., $125,000 Performance Space 122, Inc., $75,000

New York Foundation for Architecture, Pick-Up Performance Company, Inc., $10,000 Inc., $10,000 Playwrights Horizons, Inc., $125,000 New York Foundation for the Arts, Inc., $100,000 Poets & Writers, Inc., $125,000

New York Hall of Science, $100,000 Poets House Inc., $50,000

New York Historical Society, $50,000 Point Community Development Corporation, $50,000 New York Shakespeare Festival, $150,000 Pregones Touring Puerto Rican Theatre New York Studio School of Drawing Collection, Inc., $75,000 Painting & Sculpture, Inc., $25,000 Primary Stages Company Inc., $25,000 New York Theatre Workshop, Inc., $25,000 Public Art Fund Inc., $100,000 New York Youth Symphony, Inc., $25,000 Publicolor, Inc., $75,000 Puerto Rican Traveling Theatre, Inc., Signature Theatre Company, Inc., $150,000 $25,000 Snug Harbor Cultural Center, Inc., Pulse Ensemble Theatre Inc., $10,000 $100,000

Queens Botanical Garden Society, Inc., Society for the Preservation of Weeksville $100,000 and Bedford-Stuyvesant History, $75,000

Queens College Foundation, Inc., $75,000 Socrates Sculpture Park, Inc., $100,000

Queens Council on the Arts, Inc., $100,000 Soho Repertory Theatre, Inc., $50,000

Queens Museum of Art, $125,000 Sound Portraits Productions, Inc., $25,000

Queens Symphony Orchestra, Inc., $75,000 Spanish Theatre Repertory Ltd., $100,000

Queens Theatre in the Park, Inc., $100,000 St. Ann Center for Restoration and the Arts, Inc., $50,000 36 Quintet of the Americas, Inc., $10,000 St. Luke’s Chamber Ensemble, Inc., $75,000 Readers Theater Workshop/ InCollaboration, Inc., $10,000 Staten Island Botanical Garden, Inc., $100,000 Redhawk Native American Arts Council, $10,000 Staten Island Children’s Museum, $100,000

Ringside, Inc., $50,000 Staten Island Historical Society, $75,000

Riverside Symphony, Inc., $10,000 Staten Island Institute of Arts and Sciences, $100,000 Riverside Symphony, Inc., $25,000 Staten Island Zoological Society, Inc., Roundabout Theatre Company, $125,000 $100,000

Rush Philanthropic Arts Foundation, Studio In A School Association, $150,000 $100,000 Studio Museum in Harlem, Inc., $125,000 Sandy Ground Historical Society Inc., $10,000 Sundog Theatre, Inc., $10,000

Saratoga International Theater Institute, Symphony Space, $125,000 Inc., $25,000 TADA! Theater and Dance Alliance, Inc., Second Stage Theatre, Inc., $50,000 $75,000

Shakespeare Project, Inc., $25,000 The Tank Ltd., $10,000 Target Margin Theater, Inc., $25,000 Wooster Group, Inc., $50,000

Teachers and Writers Collaborative, World Music Institute, Inc., $75,000 $75,000 Yangtze Repertory Theatre of America, Inc., Thalia Spanish Theatre, Inc., $25,000 $10,000

Theater By The Blind, $10,000 York Theatre Company, Inc., $10,000

Theatre Communications Group, Inc., Young Audiences/New York, Inc., $125,000 $25,000 Young Playwrights, Inc., $25,000 Theatre Development Fund, $100,000

Theatre for a New Audience, Inc., $75,000 Social Services Organizations

Theater for the New City, $50,000 100 Hispanic Women Inc., $10,000

Third Street Music School Settlement, Inc., Abraham House, Inc., $50,000 37 $100,000

Agenda for Children Tomorrow, $25,000 Topaz Arts Inc., $25,000

Agudath Israel of America Inc., $75,000 Town Hall Foundation, Inc., $75,000

Alianza Dominicana Inc., $100,000 Triangle Arts Association Limited, $10,000

Alpha Workshops, $50,000 Tribeca Film Institute Inc., $150,000

Amethyst House, Inc., $25,000 Triple Candie Inc., $10,000

Amethyst Womens Project Inc., $25,000 Trisha Brown Dance Company, Inc., $75,000

Armory Foundation, $100,000 Urban Stages, $10,000

Asian American Federation of New York, UrbanGlass/New York Contemporary Glass $50,000 Center, Inc., $25,000

Asian Americans for Equality, Inc., $50,000 Vineyard Theatre and Workshop Center, Inc., $50,000 Asociaciones Dominicanas, Inc., $25,000

Wave Hill, Inc., $125,000 Aspira of New York, Inc., $50,000

White Columns, $10,000 Association of Community Employment Programs for the Homeless Inc., $25,000 Women’s Project and Productions, Inc., $50,000 Association to Benefit Children, $100,000 Audubon Partnership for Economic Casita Maria, Inc., $75,000 Development LDC, $25,000 Cathedral Church of St. John the Divine, Baby Buggy, Inc., $ 75,000 $25,000

Bay Ridge Community Service Center, Catholic Charities Archdiocese of $50,000 New York, $125,000

Bedford Stuyvesant Family Health Center, Catholic Charities Diocese of Brooklyn & $100,000 Queens, $125,000

Bedford Stuyvesant Restoration Center for the Advancement of Health, Corporation, $100,000 $100,000

Best Buddies New York, $75,000 Center for Alternative Sentencing and Employment Services Inc., $150,000 Big Brothers and Big Sisters of New York City Inc., $75,000 Center for Employment Opportunities, Inc., 38 $100,000 Binding Together, $25,000 Center for Family Life in Sunset Park, Bowery Residents Committee, $100,000 $50,000

Boys & Girls Harbor, Inc., $100,000 Center for Family Representation, Inc., $25,000 Broadway Housing Communities Inc., $150,000 Center for Urban Community Services, Inc., $75,000 Brooklyn USA Athletic Association, Inc., $100,000 Centro Civico Colombiano Inc., $25,000

Burden Center for the Aging, $100,000 Chess-In-The-Schools, Inc., $25,000

Capuchin Food Pantries, $25,000 Child Abuse Prevention Program Inc., $50,000 Career Gear Inc., $50,000 Childcare Inc., $25,000 Careers Through Culinary Arts Program Inc., $25,000 Children’s Aid Society, $25,000

Caribbean American Center of New York Children’s Aid Society, $100,000 Inc., $25,000 Children’s Health Fund, $100,000 Caribbean Women’s Health Association, Inc., $50,000 Chinese American Planning Council Inc., $25,000 Casa Atabex Ache, $25,000 Christian Herald Association, Inc. Council of Jewish Emigre Community One-year grant of $100,000 Organizations, Inc., $25,000

Church Avenue Merchants Block Council of Jewish Organizations of Association, $100,000 Flatbush, Inc., $100,000

Citizens Advice Bureau, $75,000 Council of Peoples Organization Inc., $25,000 Citizens For NYC Inc., $100,000 Crown Heights Youth Collective, $100,000 City Harvest, Inc., $150,000 Days of Taste, $25,000 City Year New York, $100,000 Doe Fund, Inc., $100,000 Citymeals-On-Wheels, $50,000 The DOME Project, Inc., $25,000 Coalition for Hispanic Family Services, $75,000 Dominican Women’s Development Center, $25,000 39 Committee for Hispanic Children and Families, Inc., $50,000 Dominico-American Society of Queens Inc., $25,000 Common Ground Community Housing Development Fund Corp Inc., $75,000 The Door - A Center of Alternatives, Inc., $100,000 Community Association of Progressive Dominicans, Inc., $25,000 Dorot, Inc., $100,000

Community Health Project Inc., $50,000 Dress for Success, $50,000

Community Preservation Corporation, Dwa Fanm, $25,000 $100,000 East Harlem Employment Services, Inc., Community Resource Exchange, Inc., $25,000 $50,000 East Harlem Tutorial Program, Inc., $75,000 Community Service Society of New York, $50,000 East Side House Settlement, $75,000

Coro New York Leadership Center, $50,000 Educational Alliance, $75,000

Corporation for Supportive Housing, El Puente de Williamsburg, Inc., $25,000 $150,000 Episcopal Social Services of New York, Inc., Correctional Association of New York, $125,000 $75,000 Federation of Protestant Welfare Agencies, Greenhope Services for Women Inc., $50,000 Inc., $100,000 Haitian Centers Council Inc., $25,000 Find Aid for the Aged, Inc., $50,000 Hale House Foundation, Inc., $25,000 Flushing Jewish Community Council, Inc., $25,000 Hamilton-Madison House, $75,000

Food Bank for New York City, $100,000 HANAC, $50,000

Forest Hills Community House, Inc., $75,000 Harlem Children’s Zone, Inc., $150,000

Fortune Society, $100,000 Harlem Congregations for Community Improvement, Inc., $25,000 Fountain House, Inc., $100,000 Harlem Dowling Westside Center for Fresh Air Fund, $100,000 Children and Family Services, $100,000

40 Friends of Island Academy, $50,000 Harlem Educational Activities Fund, Inc., $100,000 Fund for Community Leadership Development/Project Uth Turn, $50,000 Harlem United Community AIDS Center, Inc., $75,000 Fund for the City of New York/Center for Court Innovation, $150,000 Health Advocates for Older People Inc., $50,000 Gay Men’s Health Crisis Inc., $150,000 Hebrew Free Loan Society, Inc., $10,000 Gilda’s Club New York City Inc., $50,000 Henry Street Settlement, $75,000 Girls Education and Mentoring Service Inc., $25,000 Heritage Health and Housing, Inc., $50,000

Girls Incorporated of New York City, Hetrick-Martin Institute, Inc., $50,000 $75,000 Highbridge Community Life Center, Inc., God’s Love We Deliver, Inc., $125,000 $50,000

Good Shephard Services/Foster Pride, Holy Apostles Soup Kitchen, $50,000 $25,000 Homecrest Community Services, Inc., $25,000 Good Shepherd Services, $150,000 Hope Program, Inc., $25,000 Graham Windham, $10,000 Hour Children Inc., $25,000 Grand Street Settlement, Inc., $75,000 Hudson Guild, $50,000 Indochina Sino-American Senior Citizen Manhattan Children’s Advocacy Center, Center Inc., $25,000 $25,000

InMotion, Inc., $25,000 Metropolitan Council on Jewish Poverty, $100,000 Institute for Urban Family Health Inc., $10,000 Middle East Natives, Testing, Orientation, and Referral Services, Inc., $25,000 Inwood House, $75,000 Montefiore Medical Center, $25,000 Jacob A. Riis Neighborhood Settlement, $75,000 Moshulu Montefiore Community Center, $25,000 Jewish Association for Services for the Aged, $100,000 Mount Sinai Adolescent Health Center, $100,000 Jewish Community Center of Staten Island, $75,000 Mount Sinai School of Medicine of New York University, $50,000 41 Jewish Community Council of Greater Coney Island, Inc., $25,000 National Center for Disability Services, $100,000 John Heuss House, $50,000 National Committee for the Furtherance of Kips Bay Boys and Girls Club, Inc., $75,000 Jewish Education, $50,000

Korean American Family Service Center, National Council of Negro Women of Inc., $25,000 Greater New York, $25,000

Korean Community Services of National Mentoring Partnership, $50,000 Metropolitan New York, Inc., $25,000 National Society for Hebrew Day Schools, Korean Youth Center of New York, $25,000 $100,000

La Asociacion Benefica Cultural Father Neighborhood Coalition for Shelter, Inc., Billini, $50,000 $50,000

Latin American Integration Center Inc., New Alternatives for Children, Inc., $25,000 $75,000

Learning Leaders, Inc., $75,000 New Heights Neighborhood Center Inc., $25,000 Lincoln Square Neighborhood Center, $75,000 New Settlement Apartments, $150,000

Little Sisters of the Poor Jeanne Jugan New York Cares, Inc., $75,000 Residence, $25,000 New York City Gay and Lesbian Anti- Project Reach Youth, $50,000 Violence Project, $25,000 Project Sunshine Inc., $50,000 New York City Mission Society, $100,000 Providence House, Inc., $25,000 New York City Outward Bound Center, Inc., $75,000 Puppies Behind Bars Inc., $50,000

New York City Rescue Mission, $75,000 RACCOON, Inc., $25,000

New York Metropolitan Martin Luther Rachel’s Place Charitable Trust, $50,000 King Jr. Center for Nonviolence, $25,000 ReServe, $100,000 New York University Child Study Center, $150,000 Riverdale Community Center, Inc., $25,000

New York Urban League, Inc., $100,000 Riverdale Neighborhood House, $50,000

42 New York Women’s Foundation, $150,000 Rockaway Development & Revitalization Corp., $50,000 New Yorkers for Children Inc., $75,000 Ronald McDonald House of New York, Inc., Nontraditional Employment for Women, $100,000 $75,000 Room to Grow National, Inc., $25,000 Northside Center for Child Development, Inc., $100,000 Sadie Nash Leadership Project, $25,000

NPowerNY, Inc., $25,000 Safe Space NYC, Inc., $100,000

Partnership for the Homeless, Inc., $50,000 Sakhi for South Asian Women, $50,000

Partnership with Children, Inc., $50,000 Samaritan Foundation, Inc., $100,000

Per Scholas, Inc., $50,000 Sanctuary for Families, Inc., $75,000

Phipps Community Development SCAN New York Volunteer Parent-Aides Corporation, $100,000 Association, $100,000

Phoenix House Development Fund, Inc., Search and Care, $25,000 $125,000 Seedco (Structured Employment Economic Polish & Slavic Center, Inc., $25,000 Development Corporation), $100,000

Posse Foundation, $50,000 Selfhelp Community Services, Inc., $100,000

Project Hospitality Inc., $75,000 Senior Action in a Gay Environment, Inc., University Settlement Society of New York, $50,000 $75,000

Sesame Flyers International Inc., $25,000 Urban Dove Inc., $25,000

South Asian Youth Action SAYA Inc., V-Day, $100,000 $50,000 Variety Boys & Girls Club of Queens, Inc., Southern Queens Park Association, Inc., $25,000 $50,000 Vera Institute Of Justice, Inc., $125,000 Sports and Arts in Schools Foundation, $50,000 Veritas Therapeutic Community Foundation, Inc., $50,000 St. Francis Friends of the Poor Inc., $150,000 Village Care of New York Inc., $50,000 St. Luke’s Roosevelt Hospital Center, $25,000 VIP Community Services, $50,000 43 St. Matthew’s and St. Timothy’s Visiting Nurse Service of New York, $100,000 Neighborhood Center, $50,000 Vocational Foundation Inc., $50,000 St. Nicholas Neighborhood Preservation Corp., $50,000 West End Intergenerational Residence, HDFC, Inc., $25,000 St. Raymond Community Outreach, Inc., $25,000 William F. Ryan Community Health Center, Inc., $50,000 St. Rita’s Center for Immigrants & Refugee Services, $50,000 Women In Need, Inc., $150,000

Stanley M. Isaacs Neighborhood Center, Women’s Housing and Economic $50,000 Development Corporation, $100,000

Staten Island Mental Health Society, Inc., Women’s Venture Fund, Inc., $75,000 $100,000 YMCA of Greater New York, $100,000 Sunnyside Community Services, Inc., $25,000 Yorkville Common Pantry, $50,000 Taproot Foundation, $25,000 YPIS of Staten Island, Inc. dba New York Turnaround for Children, $25,000 Center for Interpersonal Development, $25,000 Union Settlement Association, $75,000 You Gotta Believe – The Older Child United Activities Unlimited, Inc., $25,000 Adoption & Permanency Movement, $25,000 Initiatives Fund

University of Texas at Austin, Austin, TX Islam Toward enhancing journalism curricula in the areas of news literacy, demographics, and Carnegie Endowment for International technology. 27 Months, $250,000. Peace, Washington, DC

Toward promoting political reform across the Muslim world. 12 Months, $250,000. Discretionary

John F. Kennedy Library Foundation, Central European University, Budapest, Incorporated, Boston, MA Hungary

Toward a series of dialogues among Israeli and 17 month grant of $50,000 toward a program on Palestinian journalists. 15 Months, $100,000. religious studies 44 Northwestern University, Evanston, IL New York Foundation for the Arts, Inc., New York, NY Toward its program on African Islamic Studies. 18 Months, $100,000. 12 month grant of $25,000 toward a documentary on Averroes, a 12th century Muslim philosopher Journalism

University of Maryland, College Park, College Park, MD

Toward enhancing journalism curricula and deepening journalism school impact on university resources. 24 Months, $250,000.

University of Missouri-Columbia, Columbia, MO

Toward journalism curriculum enrichment in the arts, music, and theater. 24 Months, $250,000.

Syracuse University, Syracuse, NY

Toward journalism curriculum enrichment focusing on religion and legal affairs. 24 Months, $250,000. Dissemination

National Public Radio, Inc., Washington, DC Carnegie Scholars Toward an initiative to improve local public news reporting capacity. 6 Months, $200,000. Boston Critic Inc., Somerville, MA

For highlighting and disseminating the work Pundit Productions Inc., Washington, DC of the Carnegie Scholars program. 12 Months, $75,000. Toward deepening and expanding its investigative and analytical reporting on the immigration debate and election issues relating to citizen engagement. 24 Months, $102,900. Education

Editorial Projects In Education, Inc., International Peace and Bethesda, MD 45 6 month grant of $50,000 toward a conference Security on urban school reform World Security Institute, Washington, DC

Educational Broadcasting Corporation, Toward the production and distribution of a New York, NY television series promoting global dialogue. 12 Months, $75,000. 9 month grant of $50,000 toward a daily broadcast and digital news service for middle and high school students International Development

ETV Endowment of South Carolina, Inc., Spartanburg, SC Center for Public Integrity, Washington, DC

4 month grant of $20,200 for dissemination and For a pilot training project in investigative outreach to educators of Making Schools Work, reporting for journalists, editors and a documentary film on urban school reform publishers in Nigeria. 24 Months, $140,000. that focused on ways to improve high schools Educational Broadcasting Corporation, New York, NY

Strengthening U.S. Democracy Toward Back to School, a documentary film spotlighting the global crisis in access to Center for Public Integrity, Washington, DC education. 12 Months, $60,000.

Toward support of its domestic program. 18 Months, $250,000. Boston Critic Inc., Somerville, MA General 24 month grant of $7,100 toward communications capacity building Carnegie Corporation of New York, New York, NY Center for Community Change, For program dissemination of the Corporation’s Washington, DC work. 12 Months, $1,950,000. 6 month grant of $10,000 toward capacity building to support organization-wide messages Greater Washington Educational for new, wider mission Telecommunications Association, Inc., Arlington, VA Center for Investigative Reporting, Inc., Toward international reporting for The Berkeley, CA NewsHour. 24 Months, $100,000. 12 month grant of $50,000 toward an investigative documentary on the Howard University, Washington, DC proliferation of nuclear weapons 46 Toward the development of a journalism graduate studies program. 12 Months, $100,000. Demos: A Network for Ideas and Action, Ltd., New York, NY

Nuclear Threat Initiative Inc., 12 month grant of $10,000 toward dissemination Washington, DC of publications to promote public and political dialogues on democracy issues Toward a national public education campaign in cooperation with the Families of September 11 about the threats of nuclear, biological and Editorial Projects In Education, Inc., chemical weapons. 12 Months, $100,000. Bethesda, MD

6 month grant of $50,000 toward a conference WGBH Educational Foundation, Boston, MA on urban school reform

Toward a fellowship program to train and mentor young journalists. 7 Months, $75,000. Educational Broadcasting Corporation, New York, NY

9 month grant of $50,000 toward a daily Discretionary broadcast and digital news service for middle and high school students Alumni Society of School of Visual Arts, Inc., New York, NY The Epidavros Project, Inc., New York, NY

6 month grant of $50,000 toward a 6 month grant of $50,000 toward a collaborative educational effort on the documentary on immigration, identity and lessons of Hurricane Katrina democracy in the United States ETV Endowment of South Carolina, Inc., Johns Hopkins University, Baltimore, MD Spartanburg, SC 12 month grant of $10,000 toward developing 4 month grant of $20,200 for dissemination and key messages to support high-quality summer outreach to educators of *Making Schools learning for at-risk youth Work,* a documentary film on urban school reform that focused on ways to improve high National Institute on Money in State schools Politics, Helena, MT

7 month grant of $50,000 for expanded Fund for the City of New York, Inc., outreach efforts and review of strategic New York, NY communications plan 6 month grant of $45,000 for coverage of higher education and women in Africa National Lesbian and Gay Journalists Association, Washington, DC Fund for Peace, Inc., Washington, DC 11 month grant of $9,500 for an outreach 13 month grant of $10,000 toward building campaign to promote an online journalism capacity for its strategic communications education toolbox 47 activities

The Research Foundation of State Ignatian Volunteer Corps, Baltimore, MD University of New York, Binghamton, NY

10 month grant of $25,000 toward evaluation 12 month grant of $9,200 toward and dissemination of a volunteer program for communications capacity building of teacher retired and semi-retired adults policy research

Illinois Coalition for Immigrant and The Richard Nixon Library and Birthplace Refugee Rights, Chicago, IL Foundation, Yorba Linda, CA

12 month grant of $50,000 toward a national 9 month grant of $10,000 toward capacity communications strategy to promote statewide building for strategic communication on Russia immigrant integration policy policy

International Center for Journalists Inc., United Nations Development Programme, Washington, DC New York, NY

5 month grant of $22,700 for dissemination of a 12 month grant of $50,000 toward a media training manual for Arab and American documentary and media campaign to disseminate journalists a UN study on conflict diamonds and the costs of war on African society

Investigative Reporters and Editors, Inc., Columbia, MO Women’s Foreign Policy Group, Washington, DC 24 month grant of $50,000 toward training state and local news media on campaign 10 month grant of $25,000 for a seminar series financing issues on Islam highlighting Carnegie Scholars Hurricane Katrina Funds

American Red Cross, Washington, DC

12 month grant of $250,000 toward Hurricane Katrina relief

Communities Foundation for the National Capital Region, Washington, DC

1 month grant of $100,000 toward the Laura Bush Foundation-Gulf Coast School Library Recovery Initiative

National Trust for Historic Preservation, Washington, DC 48 1 month grant of $75,000 toward a conference to explore the state of the recovery of New Orleans in the context of historic and cultural heritage, and other activities in the aftermath of Hurricane Katrina

The Salvation Army, Alexandria, VA

12 month grant of $250,000 toward Hurricane Katrina relief September 11 Recovery

Lower Manhattan Cultural Council, Inc., New York, NY

12 month grant of $10,000 toward international summits on the role of arts and culture in the process of rebuilding and recovery in the aftermath of catastrophic events

World Trade Center Memorial Foundation, Inc., New York, NY

6 month grant of $250,000 toward support, in honor of John C. Whitehead 49

51

Report on Finances 22.2 114.7 2006 axes 16.4 91.4 2005 16.5 102.7 2004 Administrative Expenses & T 59.0 14.6 2003 7 The graph below illustrates the growth in growth the illustrates below graph The 60.0 14. 90.1 2002 administration expenses, excluding investment investment excluding expenses, administration a taxes,for for million $32.9 and expenses, million. $979.8 of total period ten-year the over category by expenses 2006. 30, September ended 1997–2006 1 16. 84.4 2001 Expenses by Category 59.8 16.6 2000 Schools for a New Society Initiative (multiyear grants) xpenses E 15.4 55.5 1999 8 15. 39.3 1998 Appropriations, net 15.9 58.5 1997 ($'s in millions) 0 75 50 25 150 125 100 175 Appropriations and and Appropriations 2006, 30, September ended years ten the For totaling grants 4,148 awarded Corporation the $131.4 of expenses incurred and million $815.5 and activities charitable direct for million Financial Highlights Financial R e p o r t o n F i n a n c e s Each year the trustees appropriate funds fiscal year ended September 30, 2006, com- to be used for grants and for projects admin- pared with $10.8 million in the previous fiscal istered by the officers. Many of the grants year. Included in these amounts, are direct involve multiyear commitments. In the fiscal charitable activities of $3.3 million in 2006 year ended September 30, 2006, 48 percent of and $2.8 million in 2005. Direct charitable the appropriated funds were paid within the activities are services provided directly to other fiscal year. Appropriations, net of refunds and exempt organizations, governmental bodies, cancellations and including technical assis- and the general public. Such services include tance and evaluation services totaled $114.7 providing technical assistance to grantees and million, compared to $91.4 million in the pre- potential grantees, conducting educational ceding year. The increase in appropriations is conferences and research, publishing and dis- attributable to the awarding in 2006 of a $13.6 seminating educational materials, and serving million grant to the Academy of Educational on boards of other charitable organizations or Development in support of the Corporation’s public commissions. Teachers for a New Era initiative as well as an General administration expenses were $3.5 increase of $10 million in support of New York million in 2006 and $3.3 million in 2005. City cultural and social organizations from 53 $20 million in 2005 to $30 million in 2006. The schedule below breaks down total expenses, excluding appropriations and taxes, Program management and direct charitable into categories for the year ended September activities expenses were $10.9 million in the 30, 2006.

Program management and General direct charitable activities Investment administration Total Salaries $ 5,028,406 $ 1,714,595 $ 1,707,349 $ 8,450,350 Investment advisory and custody fees — 4,171,946 — 4,171,946 Employee benefits 2,233,702 319,246 740,883 3,293,831 Rent 1,204,561 139,947 564,730 1,909,238 Travel 612,686 138,191 14,793 765,670 Publications 638,017 — — 638,017 Legal and accounting services — 305,085 103,642 408,727 Office expenses 239,142 31,077 111,898 382,117 Consultants 286,752 — 40,700 327,452 Computer equipment and services 145,415 21,301 67,882 234,598 Conferences and meetings 179,661 20,615 18,578 218,854 Trustees’ honoraria and expenses 108,164 — 37,087 145,251 Amortization and depreciation 74,086 — 34,733 108,819 Other 164,646 26,659 61,829 253,134 TOTAL $ 10,915,238 $ 6,888,662 $ 3,504,104 $ 21,308,004*

* In FY2005, total expenses, excluding appropriations and taxes, were $20.8 million, which included $6.7 million of investment expenses. Taxes

Under the provisions of the Tax Reform Act of 1969, Carnegie Corporation as a private foundation is subject to a federal excise tax of 2 percent on income and realized capital gains. However, under the Tax Reform Act of 1984, the rate is reduced to 1 percent if the founda- tion maintains its average expense rate of the previous five years and, in addition, spends the tax savings. The Corporation did not meet the requirements for the reduced tax rate in 2006 but did in 2005. Excise tax expense for FY2006 was $5.4 million. During 2006, the Corpora- tion had unrelated business income of $6.2 mil- 54 lion from certain investment partnership activi- ties. Taxes of $2.4 million on this income are calculated using applicable corporate tax rates. Deferred tax liability represents the potential tax (at 2 percent) on gains as yet unrealized as well as a book to tax timing difference.

Audit by Independent Accountants

The bylaws provide that the Corporation’s accounts are to be audited each year by an in- dependent public accountant. Accordingly, the firm of Goldstein Golub Kessler LLP audited the Corporation’s financial statements as of and for the year ended September 30, 2006. The Corporation’s financial statements, together with the independent auditors’ report, appear on the following pages. Independent Auditors’ Report

The Board of Trustees Carnegie Corporation of New York

We have audited the accompanying balance sheet of Carnegie Corporation of New York (the “Cor- poration”) as of September 30, 2006, and the related statements of changes in net assets, and cash flows for the year then ended. These financial statements are the responsibility of the Corporation’s management. Our responsibility is to express an opinion on these financial statements based on our audit. The financial statements of the Corporation as of September 30, 2005 and for the year then ended were audited by other auditors whose report, dated December 12, 2005, expressed an unqualified opinion on those statements. 55 We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit in- cludes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Carnegie Corporation of New York as of September 30, 2006, and the changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

GOLDSTEIN GOLUB KESSLER LLP December 21, 2006 Balance Sheets as of September 30, 2006 and 2005

2006 2005

Assets

Cash $ 105,248 $ 15,581

Investments 2,529,473,850 2,243,511,246

Refundable taxes — 107,089

Prepaid expenses and other assets 108,597 98,917

Fixed assets 503,881 475,414

Total assets $ 2,530,191,576 $ 2,244,208,247

56 Liabilities and net assets

Liabilities

Grants payable $ 80,729,291 $ 65,725,685

Accounts payable and other liabilities 1,894,349 3,190,696

Taxes payable 843,541 —

Deferred taxes payable 10,225,131 8,227,508

Total liabilities 3,692,312 77,143,889

Net assets

Unrestricted 2,301,162,396 2,031,727,490

Permanently restricted 135,336,868 135,336,868

Total net assets 2,436,499,264 2,167,064,358

Total liabilities and net assets $ 2,530,191,576 $ 2,244,208,247

See accompanying notes to financial statements. Statements of Changes in Net Assets for the years ended September 30, 2006 and 2005

2006 2005

Revenues

Investment income

Interest and dividends $ 26,683,049 $ 24,920,772

Income and gains from partnerships, net 178,722,327 114,051,549

Net realized gains 89,258,585 62,245,095

Total realized investment income 294,663,961 201,217,416

Less investment expenses paid directly (6,888,662) (6,669,668) Net realized investment income 287,775,299 194,547,748 57 Contributions 29,982,262 20,023,075

Fees for technical assistance and evaluation services 858,451 1,141,549

Total revenues 318,616,012 215,712,372

Expenses

Grant appropriations 113,859,267 90,008,056

Technical assistance and evaluation services 858,451 1,429,414

Program management and direct charitable activities 10,915,238 10,820,684

General administration 3,504,104 3,312,157

Provision for taxes 7,796,967 2,304,541

Total expenses 136,934,027 107,874,852

Excess of revenues over expenses 181,681,985 107,837,520

Increase in unrealized appreciation of investments, net of related deferred Federal excise tax of $1,790,876 in 2006 and $3,989,349 in 2005 87,752,921 195,478,120

Increase in net assets 269,434,906 303,315,640

Net assets, beginning of year 2,167,064,358 1,863,748,718

Net assets, end of year $ 2,436,499,264 $ 2,167,064,358

See accompanying notes to financial statements. Statements of Cash Flows for the years ended September 30, 2006 and 2005

2006 2005

Cash flows from operating activities

Increase in net assets $ 269,434,906 $ 303,315,640

Adjustments to reconcile increase in net assets to net cash provided by operating activities

Change in unrealized appreciation of investments (89,543,797) (199,467,469)

Net realized gains (89,258,585) (62,245,095)

Depreciation and amortization 108,819 124,330 58 Change in deferred taxes payable 1,997,623 3,749,333 Total adjustments (176,695,940) (257,838,901)

Change in refundable taxes and prepaid expenses and other assets 7,409 24,904

Change in grants payable and accounts payable and other liabilities 14,550,800 (18,880,604)

Net cash provided by operating activities 107,387,175 26,621,039

Cash flows from investing activities

Proceeds from sales or redemptions of investments 1,568,121,400 1,209,825,844

Purchases of investments (1,675,281,622) (1,236,444,113)

Purchases of fixed assets (137,286) (16,856)

Net cash used in investing activities (107,297,508) (26,635,125)

Change in cash 89,667 (14,086)

Cash, beginning of year 15,581 29,667

Cash, end of year $ 105,248 $ 15,581

See accompanying notes to financial statements. Notes to Financial Statements September 30, 2006 and 2005

(1) Organization: Carnegie Corporation of New York (the “Corporation”) is a philanthropic grantmaking foundation that was created by Andrew Carnegie in 1911 to promote the advancement and diffusion of knowl- edge and understanding. The Corporation has a policy of selecting a few areas at a time in which to concentrate its grants. The Corporation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code; however, the Corporation is liable for Federal excise taxes (See note 5).

(2) Summary of significant accounting policies: The accompanying financial statements have been prepared on the accrual basis of accounting.

Fixed assets are stated at cost. Depreciation is calculated on a straight-line basis over the estimated useful lives of the related assets ranging from five to ten years. Leasehold improvements are amor- tized over the remaining life of the lease.

Grant appropriations, including multi-year grants, are recorded as an expense and a payable when 59 grants are approved and communicated to the grantees. Grants payable is expected to be paid as follows: approximately $59 million within one year and the remaining balance within three years.

For purposes of the statements of cash flows, cash includes all cash held in bank accounts at September 30, 2006 and 2005.

The resources of the Corporation consist of permanently restricted and unrestricted net assets. Per- manently restricted net assets represent the original sums received from Andrew Carnegie who, by the terms of the conveying instrument, stipulated that the principal may never be expended; how- ever, the income is expendable. Unrestricted net assets are not subject to donor-imposed restrictions. Contributions are recognized as revenues in the period received. All revenues in 2006 and 2005 were unrestricted or were restricted and released from restriction during the same period.

The Corporation serves as a fiscal agent for the benefit of specified school districts participating in the Corporation’s Schools for a New Society initiative and provides technical assistance and evalu- ation services to said districts. In the accompanying financial statements, $858,451 was recorded as revenue in 2006 and $1,141,549 in 2005; $858,451 was recorded as accounts payable and other liabilities in 2005 for fees for technical assistance and evaluation services.

The fair value of investments has been determined as indicated in note 3. The carrying amounts of the Corporation’s other financial instruments approximate fair value because of their short maturity.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Notes to Financial Statements September 30, 2006 and 2005

(3) Investments: Readily marketable investments are reported at fair value on the basis of quoted market prices. Limited partnerships and similar interests are reported at fair value based on financial informa- tion received from the fund managers or general partners. The fund managers or general partners determine the fair value of securities using quoted market prices, if available, or using other valua- tion methods. Investments in limited partnerships and similar interests totaled $2,027,306,742 at September 30, 2006 and $1,637,217,557 at September 30, 2005.

Investments are composed of the following at September 30, 2006 and 2005:

2006 2005 Cost Fair Value Cost Fair Value 60 Global equity $ 860,693,644 $ 1,081,655,340 $ 747,754,709 $ 958,055,218 Fixed income 301,573,910 296,763,281 292,058,816 287,566,935 Real estate & resources 201,172,386 285,032,007 170,134,636 232,269,265 Absolute return 402,173,083 532,973,141 398,287,406 506,234,913 Private equity 285,596,510 352,068,094 227,540,884 259,352,606 Due (to)/from brokers, net (19,024,251) (19,018,013) (9,976) 32,309 Total $ 2,032,185,282 $ 2,529,473,850 $ 1,835,766,475 $ 2,243,511,246

Included in the table above is accrued investment income of $2,046,318 and $2,374,958 at September 30, 2006 and 2005, respectively.

At September 30, 2006, the Corporation had unfunded capital commitments of approximately $607 million in various limited partnership investments.

During the reporting period, the Corporation received distributions of marketable securities with a total fair value of approximately $7.8 million from limited partnerships.

In certain cases, the Corporation uses swap contracts to invest in real estate limited partnerships. As of September 30, 2006, the fair value of these swaps, which are included in investments, was approx- imately $17.2 million. Swap contracts are subject to off-balance-sheet risk mainly due to the credit risk arising from the potential inability of the counterparty of the swap to perform under the terms of the contract. Based on the specific structuring of these swap contracts, the Corporation’s exposure to credit risk associated with counterparty nonperformance is limited to the unrealized gain on each contract. To reduce this risk, the Corporation only enters into swaps with major U.S. broker-dealers. Notes to Financial Statements September 30, 2006 and 2005

As a result of its investing strategies, the Corporation is a party to financial futures contracts. The Corporation’s fixed income investment manager uses treasury index futures contracts to manage the duration of the fixed income portfolio. Changes in the market value of these futures contracts are recognized currently in the statements of changes in net assets, using the marked-to-market method. However, index futures contracts involve, to varying degrees, elements of market risk and credit risk in excess of the amounts recorded on the balance sheets. Market risk represents the potential loss the Corporation faces due to the decrease in the value of the financial instruments in the table below. Credit risk represents the potential loss the Corporation faces due to the inability of counterparties to meet the terms of their contracts.

The table below summarizes the long and short exchange-traded financial futures positions at September 30, 2006 and 2005:

2006 2005 61 Net number Contract net number Contract of contracts- Value of contracts- Value Futures contracts long/(short) (in $ millions) long/(short) (in $ millions) 30-year Treasury bond 23 2.5 77 8.8 10-year Treasury note (3) (.3) 96 10.6 5-year Treasury note 70 7.4 (70) (7.5) 2-year Treasury note (29) (5.9) (18) (3.7)

The margin requirements on deposit with third-party safekeeping banks for futures contracts were approximately $41,000 at September 30, 2006 and $203,000 at September 30, 2005. The partner- ships in which the Corporation invests may also hold futures and options. These positions are not included in the table above.

The Corporation permits its investment managers to use forward foreign currency contracts to manage the currency risk inherent in owning securities denominated in foreign currencies. In a forward foreign currency transaction, the Corporation agrees to exchange one currency for another on an agreed-upon date at an agreed-upon exchange rate. At September 30, 2006, the Corporation held no forward contracts to buy or sell foreign currencies. At September 30, 2005, the Corporation held forward currency buy contracts and sell contracts with notional amounts totaling $.5 million. Such contracts involve, to varying degrees, risks of loss arising either from the potential change in exchange rates or from the possible inability of counterparties to meet the terms of their contracts. Forward foreign currency contracts are carried in the balance sheets at fair value. Changes in the value of forward foreign currency contracts are recognized as increases or decreases in unrealized appreciation or depreciation until such contracts are closed. Notes to Financial Statements September 30, 2006 and 2005

The Corporation’s investment advisors monitor the financial condition of the firms used for futures and forward foreign currency trading in order to minimize the risk of loss. Exposure limits are placed on firms relative to their creditworthiness. Management does not anticipate that losses, if any, resulting from credit or market risk would have a material adverse effect on the financial statements.

(4) Fixed assets: Fixed assets are composed of the following at September 30, 2006 and 2005:

2006 2005 Leasehold improvements $ 4,171,876 $ 4,148,526 Furniture and equipment 3,616,443 3,502,507 62 7,788,319 7,651,033 Less accumulated depreciation and amortization (7,284,438) (7,175,619) Total $ 503,881 $ 475,414

(5) Taxes: The Corporation is liable for Federal excise taxes of two percent of its net investment income, as defined, which includes net realized capital gains, for the year. However, this tax is reduced to one percent if certain conditions are met. The Corporation did not meet the requirements for the reduced tax in 2006 but did in 2005. Therefore, current taxes are estimated at two percent of net investment income, as defined, for 2006 and at one percent for 2005.

Deferred taxes represent two percent of unrealized appreciation of investments at September 30, 2006 and 2005, as qualification for the one percent tax is not determinable until the fiscal year in which gains are realized.

During 2006 and 2005, the Corporation had unrelated business income of $6,200,500 and $2,460,700, respectively, from certain investment partnership activities. Federal and state taxes of $2,445,800 in 2006 and $843,200 in 2005 on this income are calculated using applicable corporate tax rates and are included in the provision for taxes.

The Corporation paid Federal excise taxes of $4,706,000 in 2006 and $1,800,000 in 2005. The Corporation also paid Federal and state unrelated business income taxes of $2,279,100 in 2006 and $769,700 in 2005. Notes to Financial Statements September 30, 2006 and 2005

(6) Benefit plans: The Corporation purchases annuities for qualifying employees under the terms of a noncontribu- tory, defined contribution retirement plan with Teachers Insurance and Annuity Association and College Retirement Equities Fund. Retirement plan expense for the years ended September 30, 2006 and 2005 was $1,120,400 and $1,080,300, respectively.

In addition, the Corporation has a noncontributory defined benefit annuity plan to supplement the basic plan described above. This plan is also administered by Teachers Insurance and Annuity Association and College Retirement Equities Fund. Contributions to this plan are based on actuarial calculations. No contribution was required in 2006 or 2005. At December 31, 2005, the assets of the plan exceeded the actuarial present value of accumulated plan benefits by approximately $568,000.

In addition, the Corporation provides certain medical benefits to its retirees. The cost of providing these benefits was $216,800 in 2006 and $204,100 in 2005, on a pay-as-you-go basis. 63 (7) Leases: The Corporation occupies office space at 437 Madison Avenue under a lease agreement expiring December 31, 2013.

The following is a schedule of the future minimum lease payments at September 30, 2006.

Fiscal year ending September 30 Amount 2007 $ 1,604,000 2008 1,627,000 2009 1,693,000 2010 1,693,000 2011 1,693,000 2012-2014 3,811,000 Total $ 12,121,000

Rental expense for 2006 and 2005, including escalations, was $1,863,100 and $1,819,500, respectively.

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Report on Administration The board elected members to serve on on serve to members elected board The Annual elections were held at the December December the at held were elections Annual Leibowitz as vice-chairman. as Leibowitz calendar2006. year for committees various standing committees four Corporation’s The Pennsylvania. Ms. Hockfield is president of the the of president is Hockfield Ms. Pennsylvania. Technology. of Institute Massachusetts elected trustees The meeting. board 2005, 1, Martin and chairman as Kaplan L. Helene - 28, 2006. 28,

Ms. Palacio is Senior Vice President and and President Vice Senior is Palacio Ms. Board and Committees and Board to elected were Gutmann Amy and Palacio Ana Decem beginning trustees, as terms four-year a to elected was Hockfield Susan 2005. 1, ber September effective term four-year Bank. Dr. World The for Counsel General of University the of president is Gutmann Alan Pifer, president of Carnegie Corporation of New York from 1967 until 1982, passed 1982, until 1967 from York New of Corporation Carnegie of president Pifer, Alan 1965 from president acting been had he (Previously, 84. age at 2005, 31, October on away supportfor included achievements landmark Corporation’s the tenure, his During 1967.) to grants Pell establish to helped policies, apartheid Africa’s South thatchallenged projects educational promotedchildren’s and studentsof thousands attendto college, thatenabled strengthening the and justice social advancing to commitment deep Pifer’s Alan television. work Corporation’s the of hallmarks becoming issuesthese to disadvantagedled rightsthe of presidency. his during Fiscal 2006: The Year in Review in Year The 2006: Fiscal R e p o r t o n A d m i n is t ra t i o n were constituted as follows: on the planning of the board, Martin Leibowitz, chair of the and finance committee were Martin Leibow- investment management committee, Geoffrey itz, Olara Otunnu and Raymond Smith, who Boisi, and chair of the planning and finance was elected chair by committee members; on committee, Raymond Smith. the audit committee were James Hunt, Martin Leibowitz, Thomas Pickering, Raymond Board Actions Smith, and Pedro Aspe, chair; the committee on trustees included Bruce Alberts, Richard At the September 29, 2005 board meeting, the Brodhead, James Hunt, Thomas Kean, Wil- proposed audit plan for fiscal year 2005-06 liam Owens, Richard Riley, and Olara Otun- was discussed and accepted. nu, chair; and on the investment management committee were Fiona Druckenmiller, Martin At the board meeting on March 2, 2006, Leibowitz, Raymond Smith, and Geoffrey the trustees resolved to accept a gift of $30 Boisi, chair. million from an individual who wished to remain anonymous. The trustees authorized The board also elected members to four the president to appropriate those funds in a program committees: on the education com- manner consistent with the Corporation’s mis- mittee were Geoffrey Boisi, Richard Brodhead, 67 sion and the donor’s general intent. The grants Fiona Druckenmiller, Amy Gutmann, James supported small- and medium-sized arts and Hunt, Martin Leibowitz, Olara Otunnu, cultural institutions, and social services provid- Richard Riley and Janet Robinson; on the in- ers throughout New York City. ternational development committee were Pedro Aspe, Richard Brodhead, James Hunt, William Owens, Ana Palacio, Norman Pearlstine and Milestones Raymond Smith; on the international peace and security committee were Bruce Alberts, During fiscal year 2006, there were a number Pedro Aspe, Geoffrey Boisi, Amy Gutmann, of staff changes as the Corporation recognized Thomas Kean, William Owens, Ana Palacio, professional growth with promotions, expressed Norman Pearlstine, Thomas Pickering and appreciation to departing staff members, and Raymond Smith; and on the Strengthening welcomed new people to the foundation. U.S. Democracy program and Special Oppor- tunities Fund committee were Bruce Alberts, Joining the Corporation in fiscal year 2006 Fiona Druckenmiller, Thomas Kean, Martin were Adrienne Faraci, communications coor- Leibowitz, Olara Otunnu, Thomas Pickering, dinator for Public Affairs and Claudia Frittelli, Richard Riley and Janet Robinson. program associate for the International Devel- opment Program. Both Helene L. Kaplan, chairman of the board, and Vartan Gregorian, president of the The Corporation bid farewell to Idalia Corporation, serve ex officio on all standing “Dee” Holder, director of human resources; committees. Membership on the ad hoc com- Alexis Palmer, investment associate and Grace mittee on compensation includes the chairman Walters, coordinator for public affairs and of the board, Helene L. Kaplan, vice chairman media relations. Upon her retirement, Dee Holder received a minute of appreciation for her 32 years of service to the Corporation. The minute read in part: “You have been a thoughtful, respon- sible and creative colleague through more than three decades, and all those who have had the pleasure and privilege of working with you are grateful for the experience.”

In fiscal year 2006, Rick Brown was promoted from systems technician to network specialist. Natasha Davids, administrative as- sistant, was promoted to executive assistant.

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Report on Investments - - Fiscal year 2006 proved to be an excep an be to proved 2006 year Fiscal Corporation’s performance ranked near the the near ranked performance Corporation’s the for surveyed institutions 72 the among top Non- Billion $1 Over Associates’ Cambridge Corpo the to testament Universe—a taxable long-term value-oriented, disciplined, ration’s the highest valuation in its 95-year history. At At history. 95-year its in valuation highest the $492 disbursed Corporation the time, same the expenses, administrative and grants for million percent 5.1 of rate spending a representing the foundations, many Unlike assets. total of spending its maintain to able was Corporation the thanks to downturn technology the during investing to approach diversified foundation’s 12- its of percent 5.5 of rule spending its and smoothed which value, market average quarter disbursements. of volatility the investment Corporation’s the for period tional the percent, 17.2 of return a With portfolio. - - - a perpetual pool of capital, the Corporation’s Corporation’s the capital, of pool perpetual a weather to designed is program investment meaningful generate swingsand market diligent Through long-term. the over returns deci allocation asset and selection manager achiev in succeeded has Corporation the sions, power purchasing maintaining of goals its ing corpus: capital its growing and spending, of net assets Corporation’s years, the five past the over million, $2,528 to million $1,710 from grew During the five years since the terrorist attacks terrorist the since years five the During have markets global 2001 11, September of credit the during sharply declining seesawed: melt technology and insolvencies, crunch, the of half first the during occurred that down vigor similar with rebounding then and period, and liquidity, ample rates, interest low record as demand fueled strength economic worldwide the by Guided board. the across assets for constitute assets Corporation’s the that tenet Corporation’s Investment Performance Strong; Portfolio Portfolio Strong; Performance Investment Corporation’s History Its in Valuation Highest Billion, $2.5 Exceeds R e p o r t o n I n v e s t m e n t s investment philosophy, execution by a profes- approach that has served it well—and rela- sional staff, and the support by an engaged, tively lower exposure to Developed Market policy-oriented investment committee. The Equities, particularly domestic names. The Corporation’s annualized returns over the past Corporation’s asset allocation as of September three fiscal years have also been robust at 17.1 30, 2006, is illustrated on the following page. percent, putting the Corporation in the top Outstanding performance from public quartile of non-taxable institutions included equity strategies and alternative investments, in the Cambridge Associates’ Over $1 Billion including Absolute Return strategies, Private Universe. Despite lower returns experienced Equity and Real Estate & Resources buoyed during the technology crash of 2001 and 2002, results on a one-, three- and five-year basis: the portfolio achieved an annualized return of 13.7 percent over the past five fiscal years, • The Corporation’s Global Equity portfolio— easily ranking the Corporation’s performance its largest asset allocation—performed well within the top decile of the Cambridge uni- during these periods, producing returns of verse; while on a ten-year basis, returns of 11.7 18.0 percent, 19.6 percent, and 16.4 percent, percent outpaced its benchmark of 8.9 percent respectively, with Emerging Markets contrib- by a significant margin. The Corporation’s in- uting significantly to these strong returns. 73 vestment performance over the decade ending • Absolute Return produced net returns of September 30, 2006, is illustrated below. 11.5 percent, 14.2 percent, and 12.4 percent, Adherents to the principles of modern respectively, thanks to managers’ canny secu- portfolio theory, the Corporation’s staff en- rity selections, focus on company fundamen- deavors to optimize asset allocation decisions tals, and a willingness to take concentrated (as reflected in the Corporation’s policy or positions in high conviction investment ideas; target allocation) bearing in mind the return • Private Equity returned 32.3 percent, 22.9 profiles, risk characteristics, and correlations percent, and 13.1 percent, respectively, excep- among competing asset classes. In comparison tionally strong numbers that reflect a recovery to peer institutions, the Corporation has a in venture capital and a buyout environment relatively high policy allocation to Emerging rich with exit opportunities to both financial Markets and Real Estate & Resources—an

Carnegie Corporation of New York Investment Results September 30, 2006 25.0% 1 YEAR 3 YEAR 5 YEAR 10 YEAR 20.0%

17.2% 17.1% 15.0% 16.1% 14.6% 14.9% 14.1% 13.7% 12.8% 12.7% 12.0% 12.2% 11.7% 10.0% 11.0% 10.7% 11.2% 8.9% 5.0%

0.0% Carnegie CA Over $1B Composite Median CA Over $1B Composite Top Quartile Target Policy Index and strategic buyers. Private Equity’s perfor- tion’s Emerging Markets portfolio generated mance is all the more remarkable given that net returns of 25.5 percent, 30.0 percent, and the Corporation has low exposure to mega- 29.1 percent, respectively, making it the best buyout funds that have recently delivered performing asset class in the portfolio during some of the highest returns in the space; and, that period. The Corporation continues to make public and private equity commitments • Real Estate & Resources returned 25.2 to the space, including niche managers well- percent, 24.3 percent, and 15.7 percent, positioned to capitalize on the seismic changes respectively, an impressive run fueled by the unfolding in China and India. On the other willingness of the Corporation’s managers to hand, the staff has tactically underweighted sell properties into a market awash in liquidity Fixed Income, owing to low interest rates, tight and hungry for yield. The Corporation’s ex- credit spreads and benign volatility, making posure to Resource-related strategies, notably the asset class, in the staff’s view, less likely to upstream oil and gas investments, also paid generate strong absolute returns. dividends as commodity prices surged upward. Valuations of financial assets remain rich The Corporation will occasionally tac- across categories and in every region of the tically over- and under-weight particular 74 world, a situation we and many others have asset classes within pre-specified ranges. For observed for several years now. Despite the example, the Corporation has been tactically- consensus that the recent run-up in world overweight Emerging Markets over the past markets is overextended, assets and securities few years, given the staff’s belief in its relative continue to trade upward. Markets eventually value and continued potential to generate correct, and as such we would expect returns strong earnings growth. This move has paid going-forward to be more modest than those of handsome dividends to the Corporation: on a the past decade. How and when this transpires one-, three- and five-year basis, the Corpora-

Market Value Actual Policy 1-Yr Return Asset Class (Millions) Allocation Allocation Actual Benchmark* Global Equity $ 1,069 42.3% 42.0% 18.0% 15.9% Developed Markets $ 814 32.2% 32.0% 15.5% 14.7% Emerging Markets $ 254 10.0% 10.0% 25.5% 20.8% Fixed Income $ 245 .7% 10.0% 3.3% 3.4% Absolute Return $ 533 21.1% 21.5% 11.5% 7.7% Private Equity $ 352 13.9% 13.5% 32.3% 18.3% Real Estate & Resources $ 285 11.3% 11.5% 25.2% 17.6% Cash $ 45 1.8% 1.5% 4.6% 4.5%

Total Portfolio $ 2,529 100.0% 100.0% 17.2% 12.8%

* The target policy benchmark provides a way to compare the performance of the Corporation’s portfolio with appropriate market indices. Each of the portfolio’s asset classes has a benchmark; the policy benchmark is calculated by multiplying the actual return of an appropriate market index (such as the S & P 500) for each class of assets by the percentage of the Corporation’s portfolio that is allocated to that class. The total policy benchmark, the sum of these benchmark calculations, provides an overall measure of actual performance relative to market indices. is the great unknown. The Corporation has clearly benefited from healthy markets, with Fiscal 2006 marking a truly remarkable and historic year for the portfolio. But the Corpora- tion’s portfolio is also positioned defensively to do well in a challenging environment given its substantial diversification, emphasis on funda- mental manager research, and bottoms-up se- curity selection. Given the perpetual mandate and irreplaceable nature of the Corporation’s asset base, optimizing returns on a risk-ad- justed basis over the long-term remains the investment program’s lodestar—an ambitious but, we believe, achievable goal provided the Corporation’s investment discipline remains intact, whatever markets may bring. 75

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Trustees Trustees*

Helene L. Kaplan, Chairman Amy Gutmann Of Counsel President Skadden, Arps, Slate, Meagher & Flom LLP University of Pennsylvania Four Times Square, 44th Floor, Room 416 100 College Hall New York, NY 10036-6522 Philadelphia, PA 19104-6380

Martin L. Leibowitz, Vice Chairman Susan Hockfield Managing Director President Morgan Stanley Massachusetts Institute of Technology 1585 Broadway, 11th Floor 77 Massachusetts Ave New York, NY 10036 Cambridge, MA 02139

Bruce M. Alberts James B. Hunt, Jr. Professor Partner Department of Biochemistry and Biophysics Womble, Carlyle, Sandridge & Rice 78 University of California, San Francisco 150 Fayetteville Street Mall, Suite 2100 600-16th Street, Genentech Hall N312 PO Box 831 San Francisco, CA 94143-2200 Raleigh, NC 27602

Pedro Aspe Thomas H. Kean Chairman & Chief Executive Officer President Protego Asesores Financieros THK Consulting, LLC Manuel Avila Comacho 36, piso 22 49 Route 202 Colonia Lomas de Chapultepec PO Box 810 Mexico, D.F. 11000 Far Hills, NJ 07931-0810

Geoffrey T. Boisi Olara A. Otunnu Chairman & Senior Partner President Roundtable Investment Partners LLC LBL Foundation for Children 280 Park Ave 301 East 57th Street New York, NY 10017 New York NY 10022

Richard H. Brodhead William A. Owens President Carnegie Corporation of New York Duke University 437 Madison Avenue, 26th Floor 207 Allen Building, Box 90001 New York, NY 10022 Durham, NC 27708-0001

Fiona Druckenmiller Carnegie Corporation of New York 437 Madison Avenue, 26th Floor New York, NY 10022

*Through October 1st 2006 Ana Palacio Senior Vice President and World Bank Group General Counsel The World Bank Room MC6-313 1818 H Street, NW Washington, DC 20433

Norman Pearlstine Senior Advisor The Carlyle Group. 520 Madison Ave New York, NY 10022

Thomas R. Pickering The Boeing Company 1700 North Moore Street Arlington, VA 22209 79 Richard W. Riley Senior Partner Nelson, Mullins, Riley & Scarborough, LLP Poinsett Plaza, Suite 900 104 South Main Street Greenville, SC 29601-2122

Janet Robinson President and Chief Executive Officer The New York Times Company 229 West 43rd Street New York, NY 10036

Raymond W. Smith Chairman Verizon Ventures 1310 North Courthouse Road, 5th Floor Arlington, VA 22201

81

Staff Staff*

Patricia Aquino-Macri, Executive Assistant Claudia Frittelli, Program Associate, International Development Deana Arsenian, Senior Program Officer, International Peace and Security Tiffany Garcia, Mail Clerk and Office Assistant

Rookaya Bawa, Program Officer, Veronica M. Garwood, Executive Assistant International Development Barbara Gombach, Program Associate, Carolyn Bido, Staff Assistant Education Division

Rick Brown, Network Specialist Neil R. Grabois, Vice President and Director for Strategic Planning and Program Coordination K. Niles Bryant, Investment Associate Loretta Graff, Human Resources Associate Rose Marie Chin, Receptionist and Switchboard Operator Vartan Gregorian, President 82 Denise A. Clare, Controller Kimberly Hafner, Administrative Assistant Deborah Cohen, Administrative Assistant Michelle Han, Executive Assistant

Maude Darucaud-Bates, Information Systems Loretta Harris, Director of Information Systems Support Specialist Andrés Henríquez, Program Officer, Natasha Davids, Administrative Assistant Education Division

Stephen J. Del Rosso, Jr., Senior Program Mindy L. Hernandez,1 Program Associate, Officer and Rotational Chair, International Education Division Peace and Security Dee Holder,2 Director of Human Resources Dorothy L. Delman, Administrative Assistant Meredith Jenkins, Director of Private Equity Lynn DiMartino, Executive Assistant Andrea Johnson, Program Officer, Jeanne D’Onofrio, Executive Assistant International Development to the President Ambika Kapur, Program Associate, Dissemination Sa’uda K. Dunlap, Administrative Assistant Susan King, Vice President, Public Affairs Karin P. Egan, Program Officer, Jean R. Laraque, Senior Accountant Education Division Eleanor Lerman, Director of Public Affairs Erika Espinal, Staff Assistant and Publications Daniel Fallon, Chair, Education Division Ariane Leung, Executive Assistant Adrienne Faraci, Communications Coordinator Adam D. Liebling, Grants Manager Ruth Frank, Office Manager Geraldine P. Mannion, Chair, Strengthening U.S. Democracy

* As of December 2006 1 Through December 2006 2 Through February 2006 Narciso Matos, Chair, International David C. Speedie, Director, Project on Islam, Development and Special Advisor to the President

Heather S. McKay, Assistant to the President Li Tan, Investment Associate for Special Projects and Program Associate, Karen Theroux, Editor/Writer Carnegie Scholars Program Rikard Treiber, Associate Corporate Secretary Anne McKissick, Database Administrator and and Director of Grants Management Systems Analyst Kaveri Vaid, Program Assistant Gladys D. McQueen, Records Manager Valerie Vitale, Executive Assistant Everod L. Nelson, Staff Assistant Grace Walters,6 Coordinator for Public Affairs Patricia Moore Nicholas, Program Associate, and Media Relations International Peace and Security Constancia Warren,7 Senior Program Officer Evelyn Nieders, Executive Assistant and Director of Urban High School Initiatives, Patricia Pagnotta, Executive Assistant Education Division Alexis A. Palmer,3 Investment Associate Terry Welch, Administrative Assistant 83 Carmella A. Richards, Administrative Assistant Sara K. Wolpert, Executive Assistant

José A. Rivera, Office Services Coordinator Patricia C. Yee, Administrative Assistant

Patricia L. Rosenfield, Chair, Carnegie Scholars Program, and Special Advisor to the Vice President David A. Hamburg, President Emeritus and Director for Strategic Planning and Program Coordination

Gregory Rozolsky, Financial Analyst

Philip A. Sanchez,4 Editorial Assistant

Robert J. Seman, Director of Finance

Edward Sermier, Vice President and Chief Administrative Officer and Corporate Secretary

Ronald Sexton, Librarian and Online Researcher

June Shand, Executive Assistant

Svetlana Shenker, Accounts Payable Coordinator

D. Ellen Shuman, Vice President and Chief Investment Officer

Aimée Sisco,5 Associate Editor

Shana Sorhaindo, Grants/Records Assistant

3 Through March 2006 4 Through December 2006 5 Through October 2005 6 Through January 2006 7 Through December 2006