THE AMERICAN-SCANDINAVIAN FOUNDATION BI-ANNUAL REPORT JULY 1, 2011 TO JUNE 30, 2013 The American-Scandinavian Foundation BI-ANNUAL REPORT July 1, 2011 to June 30, 2013 The American-Scandinavian Foundation (ASF) serves as a vital educational and cultural link between the United States and the five Nordic countries: Denmark, Finland, Iceland, Norway, and Sweden. A publicly supported nonprofit organization, the Foundation fosters cultural understanding, provides a forum for the exchange of ideas, and sustains an extensive program of fellowships, grants, internships/training, publishing, and cultural events. Over 30,000 Scandinavians and Americans have participated in its exchange programs over the last century. In October 2000, the ASF inaugurated Scandinavia House: The Nordic Center in America, its headquarters, where it presents a broad range of public programs furthering its mission to reinforce the strong relationships between the United States and the Nordic nations, honoring their shared values and appreciating their differences. 58 PARK AVENUE, NEW YORK, NY 10016 • AMscan.ORG H.M. Queen Margrethe II H.E. Ólafur Ragnar Grímsson Patrons of Denmark President of Iceland 2011 – 2013 H.E. Tarja Halonen H.M. King Harald V President of Finland of Norway until February, 2012 H.M. King Carl XVI Gustaf H.E Sauli Niinistö of Sweden President of Finland from March, 2012 H.R.H. Princess Benedikte H.H. Princess Märtha Louise Honorary of Denmark of Norway Trustees H.E. Martti Ahtisaari H.R.H. Crown Princess Victoria 2011 – 2013 President of Finland,1994-2000 of Sweden H.E. Vigdís Finnbogadóttir President of Iceland, 1980-1996 Officers 2011 – 2012 Richard E. Oldenburg Edward E. Elson Lena Biörck Kaplan Co-Chairman Vice Chairman for Denmark Vice Chairman for Sweden Bernt Reitan Linda Nordberg Steven B. Peri, Co-Chairman Vice Chairman for Finland Vice Chairman for the United States Bente Svensen Frantz Kristjan T. Ragnarsson, MD Christian R. Sonne Deputy Chairman Vice Chairman for Iceland Treasurer Edward P. Gallagher Bård Bunaes Lynn Carter President Vice Chairman for Norway Executive Vice President and Secretary Officers 2012 – 2013 Bente Svensen Frantz Aili Flint Linda Nordberg Chairman Vice Chairman for Finland Vice Chairman for the United States Bernt Reitan Kristjan T. Ragnarsson, MD Bård Bunaes Deputy Chairman Vice Chairman for Iceland Treasurer Edward P. Gallagher Steven B. Peri Lynn Carter President Vice Chairman for Norway Executive Vice President and Secretary Edward E. Elson Monika Heimbold Vice Chairman for Denmark Vice Chairman for Sweden 4 The American-Scandinavian Foundation | Report: July 1, 2011 to June 30, 2013 A NOTE FROM THE PRESIDENT am delighted to present this report which provides an overview of the programs and finances of the American- I Scandinavian Foundation during the fiscal years 2012 and 2013 (July 1, 2011 to June 30, 2013). This period was an especially active one for the ASF, as it marked the conclusion of our Centennial celebrations and the commencement of a new century for the organization. Officially chartered as a an educational institution on March 16, 1911, The American-Scandinavian Foundation has since its beginning been devoted to furthering international understanding between the United States and the Nordic countries through educational and cultural exchange. Our Centennial was distinguished by a renewed commitment to this mission as evidenced by an unusually rich variety of special programs, many presented at Scandinavia House. These included three Centennial Exhibitions; a number of lectures by Nordic leaders in the arts and public affairs; special film and musical events; a major international symposium on Early Childhood Development; and a particular highlight, the Centennial Ball, held in the presence of the Nordic Heads of State and attended by 1,200 guests. Additionally, during fiscal years 2012 and 2013, the ASF provided 145 students, scholars, and artists with important financial assistance, helping them to further their studies and work abroad, while 24 educational and arts organizations received public project grants. During the same period, we made it possible for 439 young Scandinavians to receive valuable on-the-job training through our J-1 Visa Internship/ Training Program. Also, over 5,000 members, subscribers, and friends regularly read our illustrated journal, Scandinavian Review, itself now 99 years old, and countless thousands visited our websites. In addition to special Centennial offerings, the ASF presented at Scandinavia House, more than 250 programs—films, concerts, lectures, language classes, and children’s activities—and was visited by more than a quarter of a million individuals. It has been a unique, historic period, and I am grateful for the leadership and unflagging support of the ASF Trustees, as well as the dedicated commitment of our enormously hardworking staff which has made it all possible. Edward P. Gallagher President The American-Scandinavian Foundation | Report: July 1, 2011 to June 30, 2013 5 ASF BOarD OF TRUSTEES as of June 30, 2013 EXECUTIVE TRUSTEES Hon. Edward E. Elson Lena Biörck Kaplan Barbro Osher U.S. Ambassador to Denmark, President, The American- President, The Barbro Osher Pro Charles B. Anderson 1993–1998 Scandinavian Foundation Suecia Foundation Senior Vice President, SKULD North 1989-1996 Honorary Consul General of Sweden, America, Inc. Michael A. Feirstein San Francisco Former Vice President and Corporate Eugene V. Kokot, Esq. Roger E. Anderson Counsel, Prudential Financial, Inc. Partner, Esanu, Katsky, Korins & Siger Steven B. Peri, Esq. Managing Partner, Hamilton Capital Executive Vice President & General Partners Dr. Aili Flint Kaarina Koskenalusta Counsel, Glowpoint, Inc. Head of the Finnish Program (ret.), CEO, Global Connections, Inc. Karl G. Andrén Columbia University Kristján T. Ragnarsson, M.D. Chairman and CEO (ret.), New York Christina Lang Assael Lucy G. Moses Professor and Cruise Lines, Inc. Bente Svensen Frantz Vice Chairman, The Assael Chairman, Department of Chairman of the Board, The Foundation Rehabilitation Medicine, Mount Bernt O. Bodal American-Scandinavian Foundation, Sinai Medical Center Chairman and CEO, American 2012–Present Stefan Larsson Chairman of the Board, The Seafoods Group General Manager, The Americas, American-Scandinavian Foundation, Edward P. Gallagher Scandinavian Airlines 2000–2003 Victor B. Borge President, The American- Film Director Scandinavian-Foundation, Hon. John L. Loeb, Jr. Lennard K. Rambusch, Esq. 1996–Present U.S. Ambassador to Denmark, Partner, Holland & Knight (ret.) Anders Brag 1981–1983 President, GARB Holdings LLC Inger Gundersen Ginsberg Chairman, John L. Loeb, Jr. Bernt Reitan Associates, Inc. Executive Vice President, Alcoa (ret.) Bård E. Bunaes Magnus Gustafsson Group President, Alcoa Primary President and CEO (ret.),GLOBAL President, Atlantika, Inc. Øivind Lorentzen III Products Reinsurance Company of America CEO, SEACOR Normal Holdings Inc. Co-Chairman of the Board, The Chairman of the Board, The Paul Halme American-Scandinavian Foundation, American-Scandinavian Foundation, Chair, Paloheimo Foundation Asbjørn R. Lunde 2009–2012 2006–2009 Attorney Lisa Resling Halpern Luann Smith Grant Callow Executive Vice President, Carol Mack President, Statoil North America Inc. Attorney, Law Office of William Euro-Center USA Grant Callow Helen W. Marx Christian R. Sonne Honorary Danish Consul for Alaska Jesper Bo Hansen Honorary Consul for Finland, New General Partner, Tuxedo Park Former Regional Managing Director, Jersey Associates Alpo Franssila Crane Americas TORM Chairman of the Board, The Private Investor Michael S. Mathews American- Scandinavian Foundation, Monika Heimbold, MSW Managing Director, Westgate Capital 2003–2006 David E.R. Dangoor President, Heimbold Foundation Co. Executive Vice President (ret.), Bo Sonnichsen Philip Morris International, Inc. Kristin Holth Lisbeth McCoy CFO, Maersk Line – North America Honorary Consul General of Sweden, Executive Vice President & Global New York Head of Shipping, Offshore & Linda Nordberg Henrik Steffensen Logistics, DNB Bank ASA Trustee, The Katonah Museum of Art Executive Vice President, Nordea Dr. Daphne Davidson Bank, New York Branch Vice Chairman, Scandinavian Seminar Anders Iversen Ólafur J. Ólafsson Attorney (private practice) Managing Director, Danske Markets Vice Chairman, Time Warner Digital Vibeke Steineger Media Tour Manger /Travel Consultant, Hon. Robin Chandler Duke Trond S. Jensen Steineger & Krogh, TIDE Travel U.S. Ambassador to Norway, President, Sigurd Jensen & Co. Richard E. Oldenburg 2000–2001 Owner, Chestnut Hill Farms Honorary Chairman (ret.), Sotheby’s James M. Stewart Honorary Consul General for Norway, North America Sven Anders Ekernäs Florida Co-Chairman of the Board, The Lise Stolt-Nielsen Chairman & CEO, Hillswick Asset American-Scandinavian Foundation, Management Niels W. Johnsen 2009–2012 Inger M. Tallaksen Chairman and CEO (ret.), General Manager, Norwegian- Inger McCabe Elliott International Shipholding Corporation Hon. Lyndon L. Olson American Chamber of Commerce, President, IME/LTD U.S. Ambassador to Sweden, Inc. 1997–2001 6 The American-Scandinavian Foundation | Report: July 1, 2011 to June 30, 2013 Thor Thors, Jr. Albert R. Dowden Hon. Michael M. Wood Jorma Ollila Vice President (ret.), United States President and CEO (ret.), Volvo Chairman, Redwood Investments LLC Chairman (ret.), Nokia Corporation Trust Company of New York Group North America, Inc. U.S. Ambassador to Sweden, FINLAND Chairman, The