Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE NATIONAL ACADEMY OF EDUCATION
 
Number and street (or P.O. box number if mail is not delivered to street address)500 FIFTH STREET NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20001
A Employer identification number

77-0415802
B Telephone number (see instructions)

(202) 334-2340
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$11,637,865J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 517,790
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 29,870 29,870 29,870
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 33,863
b Gross sales price for all assets on line 6a 226,677
7 Capital gain net income (from Part IV, line 2)... 33,863
8 Net short-term capital gain......... 42
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 163,414 0 163,414
12 Total. Add lines 1 through 11........ 744,937 63,733 193,326
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 139,353 0 0 138,551
14 Other employee salaries and wages...... 257,621 0 0 255,536
15 Pension plans, employee benefits....... 41,246 0 0 38,258
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 111,012 0 0 110,616
c Other professional fees (attach schedule).... Click to see attachment 109,739 5,201 5,201 110,659
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 29,164 0 0 29,974
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 34,611 0 0 34,611
21 Travel, conferences, and meetings....... 734,061 0 0 758,652
22 Printing and publications.......... 18,297 0 0 13,758
23 Other expenses (attach schedule)....... Click to see attachment 146,707 0 0 144,688
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,621,811 5,201 5,201 1,635,303
25 Contributions, gifts, grants paid....... 3,062,500 2,995,000
26 Total expenses and disbursements. Add lines 24 and 25 4,684,311 5,201 5,201 4,630,303
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,939,374
b Net investment income (if negative, enter -0-) 58,532
c Adjusted net income (if negative, enter -0-)... 188,125
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,175,185 2,266,350 2,266,350
3 Accounts receivable bullet25,599
Less: allowance for doubtful accounts bullet   14,719 25,599 25,599
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable................. 12,733,272 8,745,233 8,745,233
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 5,132 11,268 11,268
10a Investments—U.S. and state government obligations (attach schedule) 100,625 Click to see attachment135,525 135,525
b Investments—corporate stock (attach schedule)....... 382,603 Click to see attachment147,806 147,806
c Investments—corporate bonds (attach schedule)....... 117,037 Click to see attachment273,774 273,774
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 29,754 Click to see attachment32,310 32,310
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,558,327 11,637,865 11,637,865
Liabilities 17 Accounts payable and accrued expenses.......... 119,121 100,428
18 Grants payable.................    
19 Deferred revenue.................   41,976
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment1,727,451 Click to see attachment1,785,473
23 Total liabilities (add lines 17 through 22)......... 1,846,572 1,927,877
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 775,805 724,425
25 Temporarily restricted............... 12,935,950 8,985,563
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 13,711,755 9,709,988
31 Total liabilities and net assets/fund balances (see instructions). 15,558,327 11,637,865
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
13,711,755
2
Enter amount from Part I, line 27a .....................
2
-3,939,374
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,772,381
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
62,393
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,709,988
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a STOCKS, BONDS, MUTUAL FUNDS - SHORT TERM   2017-07-11 2018-02-28
b STOCKS, BONDS, MUTUAL FUNDS - LONG TERM      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 864   822 42
b 225,813   191,992 33,821
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       42
b       33,821
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 33,863
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 42
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 4,707,608 3,689,867 1.275821
2016 3,794,567 3,721,907 1.019522
2015 3,566,890 4,058,259 0.878921
2014 3,187,288 2,257,586 1.411812
2013 2,723,324 2,174,132 1.252603
2
Total of line 1, column (d) .....................
2
5.838679
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
1.167736
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
3,541,588
5
Multiply line 4 by line 3......................
5
4,135,640
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
585
7
Add lines 5 and 6........................
7
4,136,225
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,630,303
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 585
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 585
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 585
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 989
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 989
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 404
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet404 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.NAEDUCATION.ORG
    14
    The books are in care ofbulletGREGORY WHITE Telephone no.bullet (202) 334-2340

    Located atbullet500 FIFTH STREET NWWASHINGTONDC ZIP+4bullet20001
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    GLORIA LADSON-BILLINGS PRESIDENT
    5.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    ADAM GAMORAN VICE PRESIDENT
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    ROBERT FLODEN SECRETARY/TREASURER
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    MARILYN COCHRAN-SMITH DIRECTOR
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    HILDA BORKO DIRECTOR
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    ANNEMARIE SULLIVAN PALINCSAR DIRECTOR
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    HELEN LADD DIRECTOR
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    MICHAEL FEUER PAST-PRESIDENT
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    SEAN REARDON DIRECTOR
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    CAROL LEE DIRECTOR
    1.00     		0 0 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    GREGORY WHITE EXECUTIVE DIRECTOR
    40.00     		110,802 28,551 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    ABIGAIL BELL PROGRAM OFFICER
    40.00     		89,111 16,394 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    MARIA GAHAN DIRECTOR, PROFESSION
    40.00     		67,538 13,377 0
    500 FIFTH ST NW
    WASHINGTON,DC20001
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    YOUR PART-TIME CONTROLLER OUTSOURCED CONTROLLER 81,398
    1500 WALNUT STREET SUITE 1200
    PHILADELPHIA,PA19102
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE NATIONAL ACADEMY OF EDUCATION (NAED)/SPENCER POSTDOCTORAL FELLOWSHIP PROGRAM SUPPORTS EARLY-CAREER SCHOLARS WORKING IN CRITICAL AREAS OF EDUCATIONAL SCHOLARSHIP. FELLOWS RECEIVE $70,000 IN FUNDING, ATTEND PROFESSIONAL DEVELOPMENT RETREATS, AND RECEIVE MENTORSHIP FROM NAED MEMBERS AND OTHER SENIOR SCHOLARS IN THEIR FIELD. THIS FELLOWSHIP IS NONRESIDENTIAL,AND APPLICATIONS FROM ALL DISCIPLINES ARE ENCOURAGED. 2,734,781
    2 THE NAED/SPENCER DISSERTATION FELLOWSHIP PROGRAM SEEKS TO ENCOURAGE A NEW GENERATION OF SCHOLARS FROM A WIDE RANGE OF DISCIPLINES AND PROFESSIONAL FIELDS TO UNDERTAKE RESEARCH RELEVANT TO THE IMPROVEMENT OF EDUCATION. THESE $27,500 FELLOWSHIPS SUPPORT INDIVIDUALS WHOSE DISSERTATIONS SHOW POTENTIAL FOR BRINGING FRESH AND CONSTRUCTIVE PERSPECTIVES TO THE HISTORY, THEORY, OR PRACTICE OF FORMAL OR INFORMAL EDUCATION ANYWHERE IN THE WORLD. FELLOWS ALSO ATTEND PROFESSIONAL DEVELOPMENT RETREATS AND RECEIVE MENTORSHIP FROM NAED MEMBERS AND OTHER SENIOR SCHOLARS IN THEIR FIELD. 1,555,152
    3 WORKSHOP SERIES ON METHODS AND POLICY USES OF INTERNATIONAL LARGE-SCALE ASSESSMENTS (ILSAS): WITH FUNDING FROM THE U.S. DEPARTMENT OF EDUCATION (INSTITUTE OF EDUCATION SCIENCES/NATIONAL CENTER FOR EDUCATION STATISTICS), THE NAED HELD A PAIR OF WORKSHOPS ON THE METHODS AND POLICY USES OF ILSAS IN WASHINGTON, DC. THE FIRST WORKSHOP FOCUSED ON THE MORE TECHNICAL AND METHODOLOGICAL ISSUES RELATED TO THE DESIGN, ANALYSIS, AND REPORTING OF ILSAS. THE SECOND WORKSHOP MOVED INTO ASPECTS OF REPORTING AS WELL AS INTERPRETATION AND POLICY USES. A REPORT OF THE WORKSHOPS WAS DEVELOPED AND RELEASED IN 2018. 58,758
    4 REAPING THE REWARDS OF READING FOR UNDERSTANDING: WITH FUNDING FROM THE U.S. DEPARTMENT OF EDUCATION [INSTITUTE OF EDUCATION SCIENCES (IES)], THE PURPOSE OF THIS PROJECT IS TO DEVELOP INSIGHTS AND IMPLICATIONS OF THE IES READING FOR UNDERSTANDING (RFU) INITIATIVE TO MAKE SURE THAT WHAT HAS BEEN LEARNED FROM THIS LARGE-SCALE FEDERAL RESEARCH INVESTMENT CONTINUES TO BENEFIT EDUCATION RESEARCH AND PRACTICE. THE GOALS OF THE PROJECT INCLUDE: (1) ARTICULATION OF FINDINGS AND COMMON THEMES ACROSS THE RFU PROJECTS TO CONTRIBUTE TO A FULL-RANGE VIEW OF READING DEVELOPMENT; (2) IDENTIFICATION OF OBSTACLES TO ON-TIME READING ACHIEVEMENT AS WELL AS FACTORS SUPPORTING SUCCESS; (3) EXAMINATION OF CROSS-PROJECT FINDINGS TO IDENTIFY AREAS OF AGREEMENT AND PRODUCTIVE TENSION; AND (4) IDENTIFICATION OF COMMON PRINCIPLES UNDERLYING INSTRUCTIONAL PROGRAMS. 41,797
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    629,804
    b
    Average of monthly cash balances.......................
    1b
    2,945,058
    c
    Fair market value of all other assets (see instructions)................
    1c
    20,659
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,595,521
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,595,521
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    53,933
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,541,588
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    177,079
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,630,303
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,630,303
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    585
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,629,718
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
    1996-07-23
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
    177,079 168,838 135,098 91,018 572,033
    b 85% of line 2a ......... 150,517 143,512 114,833 77,365 486,228
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		4,630,303 4,707,901 3,794,567 3,566,890 16,699,661
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		4,630,303 4,707,901 3,794,567 3,566,890 16,699,661
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		118,053 122,995 124,063 135,275 500,386
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NATIONAL ACADEMY OF EDUCATION
    500 FIFTH ST NW
    WASHINGTON,DC20001
    (202) 334-2341
    bThe form in which applications should be submitted and information and materials they should include:
    GUIDELINES AND THE FELLOWSHIP APPLICATION FORM ARE AVAILABLE FOR DOWNLOAD FROM NAED'S WEBSITE (WWW.NAEDUCATION.ORG)
    cAny submission deadlines:
    SEE NAED'S WEBSITE FOR SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE NAED/SPENCER POSTDOCTORAL FELLOWSHIP PROGRAM SUPPORTS EARLY-CAREER SCHOLARS WORKING IN CRITICAL AREAS OF EDUCATIONAL SCHOLARSHIP. FELLOWS WILL RECEIVE $70,000 FOR ONE ACADEMIC YEAR OF RESEARCH, OR $35,000 FOR EACH OF TWO CONTIGUOUS YEARS, WORKING HALF TIME. APPLICANTS MUST HAVE HAD THEIR PHD, EDD, OR EQUIVALENT RESEARCH DOCTORATE DEGREE CONFERRED WITHIN 2-5 YEARS. THIS FELLOWSHIP IS NON-RESIDENTIAL, AND APPLICATIONS FROM ALL DISCIPLINES ARE ENCOURAGED.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NATIONAL ACADEMY OF EDUCATION
    500 FIFTH ST NW
    WASHINGTON,DC20001
    (202) 334-2341
    bThe form in which applications should be submitted and information and materials they should include:
    GUIDELINES AND THE FELLOWSHIP APPLICATION FORM ARE AVAILABLE FOR DOWNLOAD FROM NAED'S WEBSITE (WWW.NAEDUCATION.ORG)
    cAny submission deadlines:
    SEE NAED'S WEBSITE FOR SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE NAED/SPENCER DISSERTATION FELLOWSHIP PROGRAM SUPPORTS DOCTORAL STUDENTS FROM A BROAD ARRAY OF DISCIPLINES TO UNDERTAKE DISSERTATION RESEARCH RELEVANT TO THE IMPROVEMENT OF EDUCATION. FELLOWS RECEIVE $27,500 FOR A PERIOD OF UP TO 2 YEARS TO SUPPORT THEIR DISSERTATION WRITING. FELLOWS ALSO ATTEND PROFESSIONAL DEVELOPMENT RETREATS AND RECEIVE MENTORSHIP FROM NAED MEMBERS AND OTHER SENIOR SCHOLARS IN THEIR FIELD.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADELMAN ELIZABETH
    12 NEWBURY STREET
    SOMERVILLE,MA02144     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    ADUKIA ANJALI
    UNIVERSITY OF CHICAGO 6054 SOUTH
    DREXEL AVENUE SUITE 300
    CHICAGO,IL606372612     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    AHMED ABDUL KAYUM
    119 VERMILYEA AVENUE APT 4E
    NEW YORK,NY10034     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    AMEMIYA JAMIE
    3151 VIA ALICANTE UNIT 220
    LA JOLLA,CA92037     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    ANGLUM CAMERON
    128 WEST THOMPSON STREET
    PHILADELPHIA,PA19122     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    ARCENAS CLAIRE
    UNIVERSITY OF MONTANA 32 CAMPUS
    DRIVE 4104
    MISSOULA,MT59812     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    ATTEBERRY ALLISON
    UNIVERSITY OF COLORADO 3100 MARINE
    STREET 572 UCB
    BOULDER,CO803090572     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    BARR ANDREW
    TEXAS AM UNIVERSITY 400 HARVEY
    MITCHELL PARKWAY S SUITE 300
    COLLEGE STATION,TX77845     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    BAXLEY GWEN
    UW-MADISON RESEARCH SPONSORED
    PROGRAMS DRAWER 538
    MILWAUKEE,WI53278     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    BISCHOF CHRISTOPHER
    UNIVERSITY OF RICHMOND FOUND/CORP
    GOV RELATIONS 28 WESTHAMPTON WAY
    RICHMOND,VA231730001     		N/A N/A 2017 POSTDOCTORAL FELLOW 70,000
    BONILLA SADE
    76 BARNES COURT APT 101
    STANFORD,CA94305     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    BOONSTRA KATHRYN
    UNIVERSITY OF WISCONSIN-MADISON
    RESEARCH/SPONSORED PROG 21 N PARK S
    MADISON,WI537151218     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    BROOKS MANEKA
    TEXAS STATE UNIVERSITY 601
    UNIVERSITY DRIVE JCK 420
    SAN MARCOS,TX78666     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    BULLOCK ERIKA
    UW-MADISON GAR ACCOUNTRESEARCH AND
    SPONSORED PROGRAMS DRAWER 538
    MILWAUKEE,WI532780538     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    CANDIPAN JENNIFER
    1025 N KINGS RD APT 216
    WEST HOLLYWOOD,CA90069     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    CERVANTES-SOON CLAUDIA
    ARIZONA STATE UNIVERSITY PO BOX
    876011 ORSPA /OKED
    TEMPE,AZ852876011     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    CHANDRAS JESSICA
    2224 FOXWORTHY AVE
    SAN JOSE,CA95124     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    CHEN YUNXIAO
    LONDON SCHOOL OF ECONOMICS AND
    POLITICAL SCIENCE HOUGHTON STREET
    LONDON    
    UK     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    CHMIELEWSKI ANNA
    UNIVERSITY OF TORONTO 12 QUEENS
    PARK CRESCENT WEST 2ND FLOOR
    TORONTO,ONTARIO  
    CA     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    CHOUHY GABRIEL
    285 HARVARD STREET APT 301
    CAMBRIDGE,MA02139     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    COHEN ELISHEVA
    UNIVERSITY OF MINNESOTA 178
    PILLSBURY DRIVE SE ROOM 206
    MINNEAPOLIS,MN55455     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    CONNER KIMBERLY
    110 ALBANY DRIVE
    COLUMBIA,MO65201     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    DAHN MAGGIE
    125 MONTREAL STREET
    PLAYA DEL REY,CA90293     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    DAROLIA RAJEEV
    UNIVERSITY OF KENTUCKY RESEARCH
    FOUNDATION C/O PNC BANK PO BOX 9311
    CLEVELAND,OH44193     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    ELLER CHRISTINA
    100 MORNINGSIDE DRIVE APT 1M
    NEW YORK,NY10027     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    ELLIS JASON
    UNIVERSITY OF BRITISH COLUMBIA
    RESEARCH SERVICES 102-6190 AGRONOMY
    VANCOUVER,BRITISH COLUMBIA  
    CA     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    FELLER AVI
    UC BERKELEY PUBLIC POLICY SCHOOL
    2607 HEARST AVENUE 7320
    BERKELEY,CA94720     		N/A N/A 2017 POSTDOCTORAL FELLOW 70,000
    FERGUSON SHERELLE
    2020 WALNUT STREET 27J
    PHILADELPHIA,PA19103     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    FLACK CLARE
    178 BENNETT AVE APT 2N
    NEW YORK,NY10040     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    FLOOD VIRGINIA
    17473 VIA ALAMITOS
    SAN LORENZO,CA94580     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    FLORES NELSON
    UNIVERSITY OF PENNSYLVANIA RESEARCH
    SERVICES 3451 WALNUT ST RM P-221
    PHILADELPHIA,PA191046205     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    FOGARTY-VALENZUELA BENJAMIN
    5619 FRIST CAMPUS CENTER
    PRINCETON,NJ08544     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    FRANCIS DANIA
    UNIVERSITY OF MASSACHUSETTS AMHERST
    100 VENTURE WAY SUITE 201
    HADLEY,MA01035     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    GOLDSMITH WILLIAM
    2322 ENGLEWOOD AVE
    DURHAM,NC27705     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    GOPALAN SANDILYA
    613 E 12TH STREET
    BLOOMINGTON,IN47408     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    HAMILTON TIKIA K
    2629 WEST GREENLEAF AVENUE UNIT 3
    CHICAGO,IL60645     		N/A N/A 2017 POSTDOCTORAL FELLOW 52,500
    HANSELMAN PAUL
    UNIVERSITY OF CALIFORNIA EXTRAMURAL
    FUNDS ACCTG 120 THEORY SUITE 200
    IRVINE,CA926971050     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    HAROUNI HOUMAN
    361 HARVARD STREET APT 13
    CAMBRIDGE,MA02138     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    HERBST DANIEL
    PRINCETON ECONOMICS DEPARTMENT
    LOUIS A SIMPSON BUILDING
    PRINCETON,NJ08544     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    HOUSTON DAVID
    21 POLHEMUS PLACE APT 2R
    BROOKLYN,NY11215     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    HUTT ETHAN
    UNIVERSITY OF MARYLAND 4300
    TERRAPIN TRAIL 4101 CHESAPEAKE BUIL
    COLLEGE PARK,MD20742     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    JAQUETTE OZAN
    UCLA PAYMENT SOLUTIONS 405 HILGARD
    AVE 1125 MURPHY HALL BOX 957089
    LOS ANGELES,CA900959000     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    JOHN KELSEY
    408 E COMANCHE ST APT C 1
    FARMINGTON,NM87401     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    JOHNSON KHALIL
    WESLEYAN UNIVERSITY CORP/FOUND/GOV
    CONTRACTS 237 HIGH STREET
    MIDDLETOWN,CT06459     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    KABAY SARAH
    57 PARK TERRACE WEST APT 1C
    NEW YORK,NY10034     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    KAIPER ANNA
    4956 MORGAN AVENUE S APT 1
    MINNEAPOLIS,MN55419     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    KEENE ADRIENNE
    16 LUONGO SQ UNIT 2
    PROVIDENCE,RI02903     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    KRAMER JENNA
    VANDERBILT UNIVERSITY CONTRACT
    GRANT ACCOUNTING 2301 VANDERBILT PL
    NASHVILLE,TN37240     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    KRIST CHRISTINA
    UNIVERSITY OF ILLINOIS GRANTS AND
    CONTRACTS 29392 NETWORK PLACE
    CHICAGO,IL606731283     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    KRYCZKA NICHOLAS
    4660 N LECLAIRE AVE
    CHICAGO,IL60630     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    LAFORTUNE JULIEN
    14 PANORAMIC WAY
    BERKELEY,CA94704     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    LANOUETTE KATHRYN
    1070 JACKSON STREET APT 719
    ALBANY,CA94706     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    LAURENCE ALISON
    314 CUSTER AVE
    EVANSTON,IL60202     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    LIU JING
    1540 OAK CREEK DRIVE 306
    PALO ALTO,CA94304     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    LOUIE NICOLE
    UW-MADISON RESEARCH AND SPONSORED
    PROGRAMS ATTN MSN209864 DRAWER 538
    MILWAUKEE,WI532780538     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    LYONS EMILY
    5326 SOUTH HARPER AVE APT 2 B
    CHICAGO,IL60615     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    MACKALL ABENA
    519 CABOT MAIL CENTER
    CAMBRIDGE,MA02138     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    MAJEE UPENYU
    UNIVERSITY OF WISCONSIN-MADISON
    RESEARCH/SPONSORED PROG 21 N PARK S
    MADISON,WI537151218     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    MARTINEZ NEGRETTE GISELLE
    2924 HARVEY ST APT 4G
    MADISON,WI53705     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    MCGREW SARAH
    505 CYPRESS POINT DRIVE 255
    MOUNTAIN VIEW,CA94043     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    MCQUILLAN MOLLIE
    704 REBA PLACE 301
    EVANSTON,IL60202     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    MEANS DARRIS
    UNIVERSITY OF GEORGIA RESEARCH FDN
    310 EAST CAMPUS ROAD TUCKER HALL 30
    ATHENS,GA306021589     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    MIRRA NICOLE
    RUTGERS UNIVERSITY GCA DIRECTOR 33
    KNIGHTSBRIDGE RD 2ND FLR EAST WING
    PISCATAWAY,NJ08854     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    MOELLER KATHRYN
    UW-MADISON RESEARCH SPONSORED
    PROGRAMS ATTN MSN 210521 DRAWER 538
    MILWAUKEE,WI532780538     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    MORLEY ALYSSA
    MICHIGAN STATE UNIVERSITY 620 FARM
    LANE 501 ERICKSON HALL
    EAST LANSING,MI48824     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    NGUYEN CINDY
    11191 DALLAS DRIVE
    GARDEN GROVE,CA92840     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    NICHOLS PHILIP
    3657 WINDRIDGE DRIVE
    DOYLESTOWN,PA18902     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    NJELESANI JANET
    NYU IHDSC 246 GREENE ST ROOM 616E
    NEW YORK,NY10003     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    OWENS JAYANTI
    220 OLNEY ST 2
    PROVIDENCE,RI02906     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    PAGE LINDSAY
    UNIVERSITY OF PITTSBURGH ATTN
    371220 500 ROSS STREET 154-0455
    PITTSBURGH,PA152620001     		N/A N/A 2017 POSTDOCTORAL FELLOW 70,000
    PANORKOU NICOLE
    MONTCLAIR STATE UNIVERSITY 1 NORMAL
    AVENUE NURS 435
    MONTCLAIR,NJ07043     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    PAPAY JOHN
    150 MORRIS AVENUE
    PROVIDENCE,RI02906     		N/A N/A 2016 POSTDOCTORAL FELLOW 17,500
    PATLER CAITLIN
    UC DAVIS CASHIERS OFFICE PO BOX
    989062
    WEST SACRAMENTO,CA957989062     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    PATRON OSCAR
    1375 W 20TH ST APT 4
    LOS ANGELES,CA90007     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    PAULSON DAVID
    64 SUNSET DRIVE
    SHELTON,CT06484     		N/A N/A 2017 DISSERTATION FELLOW 27,500
    PILKAUSKAS NATASHA
    UNIVERSITY OF MICHIGAN MELLON BANK
    BOX 223131
    PITTSBURGH,PA152512131     		N/A N/A 2017 POSTDOCTORAL FELLOW 70,000
    PINKSTON CAROLINE
    3213 PAISANO TRAIL
    AUSTIN,TX78745     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    POZA LUIS
    THE TOWER FOUNDATION OF SJSU ONE
    WASHINGTON SQUARE
    SAN JOSE,CA95192     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    PRINISKI STACY
    UW-MADISON GAR ACCOUNT RESEARCH
    SPONSORED PROGRAMS DRAWER 538
    MADISON,WI532780538     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    QATO MEZNA
    8626 HOTCHKISS DRIVE
    FRANKFORT,IL60423     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    RAUSCHER EMILY
    BROWN UNIVERSITY CASHIERS OFFICE
    BOX 1997 69 BROWN STREET 2ND FLOOR
    PROVIDENCE,RI02912     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    REYNOLDS CELENE
    224 WOOSTER ST APT 1L
    NEW HAVEN,CT06511     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    RICHARD GABRIELA
    PENNSYLVANIA STATE UNIVERSITY 245
    CHAMBERS BLDG
    UNIVERSITY PARK,PA16802     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    RODRIGUEZ GABRIEL
    3128 N GEORGE ST
    FRANKLIN PARK,IL60131     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    RODRIGUEZ LUIS
    700 CHURCH STREET APT 206
    NASHVILLE,TN37203     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    ROJAS NATALIA
    304 CLINTON AVENUE APT 2
    BROOKLYN,NY11205     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    ROSE DEONDRA
    DUKE UNIVERSITY ACCOUNTS RECEIVABLE
    LOCKBOX PO BOX 602651
    CHARLOTTE,NC282602651     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    SAN PEDRO TIMOTHY
    OHIO STATE UNIVERSITY BUSINESS
    INDUSTRY CONTRACTS 1960 KENNY RD
    COLUMBUS,OH43210     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    SANDELSON JASMIN
    200 ATLANTIC AVENUE APT 5C
    BROOKLYN,NY11201     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    SANDERS CRYSTAL
    PENNSYLVANIA STATE UNIVERSITY 138
    SPARKS BUILDING
    UNIVERSITY PARK,PA168025200     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    SCHUDDE LAUREN
    UNIVERSITY OF TEXAS AT AUSTIN
    SPONSORED PROJECTS 3925 WEST BRAKER
    AUSTIN,TX78759     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    SCRIBNER CAMPBELL
    UNIVERSITY OF MARYLAND 4101
    CHESAPEAKE BLDG 4300 TERRAPIN TRAIL
    COLLEGE PARK,MD20742     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    SHAH NIRAL
    MICHIGAN STATE UNIVERSITY CONTRACT/
    RANT ADMIN 426 AUDITORIUM RD RM 2
    EAST LANSING,MI488242600     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    SHEN ZUCHAO
    744 GASCHE ST
    WOOSTER,OH44691     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    SINGH MICHAEL
    9 MONTE VISTA DRIVE
    WOODLAND,CA95695     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    SOARES LEIGH
    1617 W FARGO AVE APT 2N
    CHICAGO,IL60626     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    SOLANKI SABRINA
    22731 BURLWOOD
    MISSION VIEJO,CA92692     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    STEINEKER ROWAN
    602 SE 27TH STREET
    CAPE CORAL,FL33904     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    STERN WALTER
    UNIVERSITY OF WISCONSINRESEARCH
    SPONSORED PROGRAMS DRAWER 538
    MILWAUKEE,WI53278     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    STORNAIUOLO AMY
    UNIVERSITY OF PENNSYLVANIA RESEARCH
    SERVICES 3451 WALNUT ST RM P-221
    PHILADELPHIA,PA191046205     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    SUREZ SARAH
    REGENTS OF THE UNIVERSITY OF
    MINNESOTA NW 5957 PO BOX 1450
    MINNEAPOLIS,MN554855957     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    TACHINE AMANDA
    3620 E DESERT FLOWER LANE
    PHOENIX,AZ85044     		N/A N/A 2017 POSTDOCTORAL FELLOW 17,500
    TANIO NADINE
    1646 SANTA MARIA AVENUE
    GLENDALE,CA91208     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    TAYLOR KATHERINE
    UNIVERSITY OF WASHINGTON GRANT
    CONTRACT ACCTG 12455 COLLECTIONS DR
    CHICAGO,IL60693     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    TURETSKY KATE
    75 WILLETT STREET APT 5F
    ALBANY,NY12210     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    TURNER ERICA
    UW-MADISON RESEARCH SPONSORED
    PROGRAMS ATTN MSN 210524 DRAWER 538
    MILWAUKEE,WI532780538     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    TYLER SHAKARA
    11435 BALFOUR ROAD
    DETROIT,MI48224     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    VAKIL SEPEHR
    NORTHWESTERN UNIVERSITY 633 CLARK
    STREET ROOM G594
    EVANSTON,IL60208     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    VIANO SAMANTHA
    VANDERBILT UNIVERSITY CONTRACT
    GRANT PMB 401591 2301 VANDERBILT PL
    NASHVILLE,TN372401591     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    WEIXLER LINDSAY
    TULANE UNIVERSITY GRANT/CONTRACT
    ACCTG 800 EAST COMMERCE RD SUITE 20
    HARAHAN,LA70123     		N/A N/A 2017 POSTDOCTORAL FELLOW 35,000
    WIGGINS YOLANDA
    464 ELM ST
    KEENE,NH03431     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    WRIGHT LINDSAY
    55 SAVILLE STREET
    CAMBRIDGE,MA02138     		N/A N/A 2017 DISSERTATION FELLOW 13,750
    WRIGHT NICHOLAS
    1441 WILLOW LAKE DR NE APT E
    ATLANTA,GA30329     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    XU DI
    UNIVERSITY OF CALIFORNIA 120 THEORY
    SUITE 200
    IRVINE,CA92697     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    YE XIAOYANG
    UNIVERSITY OF MICHIGAN 2226 STUDENT
    ACTIVITIES BLDG 515 E JEFFERSON
    ANN ARBOR,MI481091316     		N/A N/A 2017 DISSERTATION FELLOW 27,500
    ZARATE VASQUEZ ROMAN ANDRES
    364 HIGHLAND AVENUE APT 2
    SOMERVILLE,MA02144     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    Total .................................bullet 3a 2,995,000
    bApproved for future payment
    ADUKIA ANJALI
    UNIVERSITY OF CHICAGO 6054 SOUTH
    DREXEL AVENUE SUITE 300
    CHICAGO,IL606372612     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    AMEMIYA JAMIE
    3151 VIA ALICANTE UNIT 220
    LA JOLLA,CA92037     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    ARCENAS CLAIRE
    UNIVERSITY OF MONTANA 33 CAMPUS
    DRIVE 4104
    MISSOULA,MT59813     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    BONILLA SADE
    76 BARNES COURT APT 101
    STANFORD,CA94305     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    BROOKS MANEKA
    TEXAS STATE UNIVERSITY 601
    UNIVERSITY DRIVE JCK 420
    SAN MARCOS,TX78666     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    CANDIPAN JENNIFER
    1025 N KINGS RD APT 216
    WEST HOLLYWOOD,CA90069     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    CHANDRAS JESSICA
    2224 FOXWORTHY AVE
    SAN JOSE,CA95124     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    CHEN YUNXIAO
    LONDON SCHOOL OF ECONOMICS AND
    POLITICAL SCIENCE HOUGHTON STREET
    LONDON    
    UK     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    COHEN JULIE
    UNIVERSITY OF VIRGINIA OFFICE OF
    SPONSORED PROGRAMS PO BOX 400195
    CHARLOTTESVILLE,VA229044195     		N/A N/A 2018 POSTDOCTORAL FELLOW 70,000
    DAHN MAGGIE
    125 MONTREAL STREET
    PLAYA DEL REY,CA90293     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    DAROLIA RAJEEV
    UNIVERSITY OF KENTUCKY RESEARCH
    FOUNDATION C/O PNC BANK PO BOX 9311
    CLEVELAND,OH44193     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    ELFERT MAREN
    PRE-AWARD OFFICE KINGS COLLEGE
    LONDON STRAND
    LONDON    
    UK     		N/A N/A 2018 POSTDOCTORAL FELLOW 70,000
    FERGUSON SHERELLE
    2020 WALNUT STREET 27J
    PHILADELPHIA,PA19103     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    FLACK CLARE
    178 BENNETT AVE APT 2N
    NEW YORK,NY10040     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    FLOOD VIRGINIA
    17473 VIA ALAMITOS
    SAN LORENZO,CA94580     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    FOGARTY-VALENZUELA BENJAMIN
    5619 FRIST CAMPUS CENTER
    PRINCETON,NJ08544     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    FRANCIS DANIA
    UNIVERSITY OF MASSACHUSETTS AMHERST
    100 VENTURE WAY SUITE 201
    HADLEY,MA01035     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    GONZALEZ CANCHE MANUEL
    UNIVERSITY OF PENNSYLVANIA PO BOX
    785541
    PHILADELPHIA,PA191785541     		N/A N/A 2018 POSTDOCTORAL FELLOW 70,000
    GREEN TERRANCE
    UNIVERSITY OF TEXAS SPONSORED
    PROJECTS 3925 WEST BRAKER LANE
    AUSTIN,TX78759     		N/A N/A 2018 POSTDOCTORAL FELLOW 70,000
    HANSELMAN PAUL
    UNIVERSITY OF CALIFORNIA EXTRAMURAL
    FUNDS ACCTG 120 THEORY SUITE 200
    IRVINE,CA926971050     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    HAROUNI HOUMAN
    361 HARVARD STREET APT 13
    CAMBRIDGE,MA02138     		N/A N/A 2017 POSTDOCTORAL FELLOW 17,500
    HEATH KATELYN
    426 NORTH TITUS AVE APT 1
    ITHACA,NY14850     		N/A N/A 2018 DISSERTATION FELLOW 27,500
    HENDERSON BRYAN
    ASU FOUNDATION PO BOX 2260
    TEMPE,AZ852802260     		N/A N/A 2018 POSTDOCTORAL FELLOW 70,000
    HUTT ETHAN
    UNIVERSITY OF MARYLAND 4300
    TERRAPIN TRAIL 4101 CHESAPEAKE BUIL
    COLLEGE PARK,MD20742     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    KEENE ADRIENNE
    16 LUONGO SQ UNIT 2
    PROVIDENCE,RI02903     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    KRAMER JENNA
    VANDERBILT UNIVERSITY CONTRACT
    GRANT ACCOUNTING 2301 VANDERBILT PL
    NASHVILLE,TN37240     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    KRIST CHRISTINA
    UNIVERSITY OF ILLINOIS GRANTS AND
    CONTRACTS 29392 NETWORK PLACE
    CHICAGO,IL606731283     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    KRYCZKA NICHOLAS
    4660 N LECLAIRE AVE
    CHICAGO,IL60630     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    LAURENCE ALISON
    314 CUSTER AVE
    EVANSTON,IL60202     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    LYONS EMILY
    5326 SOUTH HARPER AVE APT 2 B
    CHICAGO,IL60615     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    MARTINEZ NEGRETTE GISELLE
    2924 HARVEY ST APT 4G
    MADISON,WI53705     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    MCGREW SARAH
    505 CYPRESS POINT DRIVE 255
    MOUNTAIN VIEW,CA94043     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    MIRATRIX LUKE
    PRESIDENT AND FELLOWS OF HARVARD
    COLLEGE PO BOX 415649
    BOSTON,MA022415649     		N/A N/A 2018 POSTDOCTORAL FELLOW 70,000
    MIRRA NICOLE
    RUTGERS UNIVERSITY GCA DIRECTOR 33
    KNIGHTSBRIDGE RD 2ND FLR EAST WING
    PISCATAWAY,NJ08854     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    NJELESANI JANET
    NYU IHDSC 246 GREENE ST ROOM 616E
    NEW YORK,NY10003     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    OWENS JAYANTI
    220 OLNEY ST 2
    PROVIDENCE,RI02906     		N/A N/A 2017 POSTDOCTORAL FELLOW 17,500
    PATLER CAITLIN
    UC DAVIS CASHIERS OFFICE PO BOX
    989062
    WEST SACRAMENTO,CA957989062     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    PATRON OSCAR
    1375 W 20TH ST APT 4
    LOS ANGELES,CA90007     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    PENNER EMILY
    UNIVERSITY OF CALIFORNIA 120 THEORY
    SUITE 200
    IRVINE,CA92697     		N/A N/A 2018 POSTDOCTORAL FELLOW 70,000
    PRINISKI STACY
    UW-MADISON GAR ACCOUNT RESEARCH
    SPONSORED PROGRAMS DRAWER 538
    MADISON,WI532780538     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    QATO MEZNA
    8626 HOTCHKISS DRIVE
    FRANKFORT,IL60423     		N/A N/A 2017 POSTDOCTORAL FELLOW 17,500
    RICHARD GABRIELA
    PENNSYLVANIA STATE UNIVERSITY 245
    CHAMBERS BLDG
    UNIVERSITY PARK,PA16802     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    ROJAS NATALIA
    304 CLINTON AVENUE APT 2
    BROOKLYN,NY11205     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    SAN PEDRO TIMOTHY
    OHIO STATE UNIVERSITY BUSINESS
    INDUSTRY CONTRACTS 1960 KENNY RD
    COLUMBUS,OH43210     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    SCHUDDE LAUREN
    UNIVERSITY OF TEXAS AT AUSTIN
    SPONSORED PROJECTS 3925 WEST BRAKER
    AUSTIN,TX78759     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    SCRIBNER CAMPBELL
    UNIVERSITY OF MARYLAND 4101
    CHESAPEAKE BLDG 4300 TERRAPIN TRAIL
    COLLEGE PARK,MD20742     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    SINGH MICHAEL
    9 MONTE VISTA DRIVE
    WOODLAND,CA95695     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    SOLANKI SABRINA
    22731 BURLWOOD
    MISSION VIEJO,CA92692     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    STEINEKER ROWAN
    602 SE 27TH STREET
    CAPE CORAL,FL33904     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    STERN WALTER
    UNIVERSITY OF WISCONSINRESEARCH
    SPONSORED PROGRAMS DRAWER 538
    MILWAUKEE,WI53278     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    TACHINE AMANDA
    3620 E DESERT FLOWER LANE
    PHOENIX,AZ85044     		N/A N/A 2017 POSTDOCTORAL FELLOW 17,500
    TANIO NADINE
    1646 SANTA MARIA AVENUE
    GLENDALE,CA91208     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    TARLAU REBECCA
    PENNSYLVANIA STATE UNIVERSITY 301
    KELLER BUILDING
    UNIVERSITY PARK,PA16802     		N/A N/A 2018 POSTDOCTORAL FELLOW 70,000
    TAYLOR KATHERINE
    UNIVERSITY OF WASHINGTON GRANT
    CONTRACT ACCTG 12455 COLLECTIONS DR
    CHICAGO,IL60693     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    TURETSKY KATE
    75 WILLETT STREET APT 5F
    ALBANY,NY12210     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    VAKIL SEPEHR
    NORTHWESTERN UNIVERSITY 633 CLARK
    STREET ROOM G594
    EVANSTON,IL60208     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    WIGGINS YOLANDA
    464 ELM ST
    KEENE,NH03431     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    WRIGHT NICHOLAS
    1441 WILLOW LAKE DR NE APT E
    ATLANTA,GA30329     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    XU DI
    UNIVERSITY OF CALIFORNIA 120 THEORY
    SUITE 200
    IRVINE,CA92697     		N/A N/A 2018 POSTDOCTORAL FELLOW 35,000
    ZARATE VASQUEZ ROMAN ANDRES
    364 HIGHLAND AVENUE APT 2
    SOMERVILLE,MA02144     		N/A N/A 2018 DISSERTATION FELLOW 13,750
    Total .................................bullet 3b 1,771,250
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies         119,343
    2 Membership dues and assessments....         41,545
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 29,870  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 33,863  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPUBLICATION SALES     		    15 2,526  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 66,259 160,888
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    227,147
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1G DEPARTMENT OF EDUCATION FUNDED PROJECTS ON INTERNATIONAL LARGE-SCALE ASSESSMENT AND READING FOR UNDERSTANDING.
    2 MEMBERSHIP DUES ENABLE MEMBERS TO PARTICIPATE IN PROGRAMS AND IN DECISIONS REGARDING THE POLICIES AND THE DIRECTION OF THE ORGANIZATION.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    THE NATIONAL ACADEMY OF EDUCATION
     
    Employer identification number

    77-0415802
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    THE NATIONAL ACADEMY OF EDUCATION
          		Employer identification number
    77-0415802
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    SPENCER FOUNDATION
     
    625 N MICHIGAN AVENUE STE 1600
     
    CHICAGO, IL60611

    		$ 271,933


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    THE WILLIAM AND FLORA HEWLETT FOUNDATION
     
    2121 SAND HILL ROAD
     
    MENLO PARK, CA94025

    		$ 188,162


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    THE NATIONAL ACADEMY OF EDUCATION
          		Employer identification number

    77-0415802
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    THE NATIONAL ACADEMY OF EDUCATION
          		Employer identification number

    77-0415802
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 111,012 0 0 110,616

    TY 2018 ExplnOfNonFilingWithAGStmt
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Statement:
    DISTRICT OF COLUMBIA DOES NOT REQUIRE FILING OF FORM 990-PF.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PAX HIGH YIELD BOND FUND INSTITUTIONAL CLASS 47,245 47,245
    VANGUARD BD INDEX 90,198 90,198
    USAA SHORT-TERM BOND FUND 88,637 88,637
    TIAA-CREF SOCIAL CHOICE BOND FUND 47,694 47,694

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DFA US SOCIAL CORE EQUITY 34,290 34,290
    PARNASSUS CORE EQUITY FUND INSTITUTIONAL CLASS 25,478 25,478
    DFA INTERNATIONAL SOCIAL CORE EQUITY 33,868 33,868
    CALVERT U.S. LARGE CAP CORE 14,135 14,135
    CALVERT EQUITY FUND CLASS I 14,815 14,815
    CALVERT MID-CAP FUND CLASS I 25,220 25,220

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    US Government Securities - End of Year Book Value:

    135,525
    US Government Securities - End of Year Fair Market Value:

    135,525
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PIMCO EMERGING LOCAL BOND FUND (FOREIGN BONDS) FMV 32,310 32,310

    TY 2018 OtherDecreasesSchedule
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 62,393


    TY 2018 OtherExpensesSchedule
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 14,210 0 0 13,796
    INFORMATION TECHNOLOGY 72,416 0 0 72,571
    TELEPHONE 1,667 0 0 1,402
    POSTAGE & SHIPPING 1,054 0 0 1,028
    INSURANCE 6,690 0 0 6,690
    BANK CHARGES 1,153 0 0 1,153
    ADVERTISING 44,939 0 0 44,849
    MISCELLANEOUS 1,771 0 0 1,062
    DUES & SUBSCRIPTIONS 2,807 0 0 2,137


    TY 2018 OtherIncomeSchedule2
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PUBLICATION SALES 2,526   2,526
    MEMBERSHIP DUES AND ASSESSMENTS 41,545   41,545
    FEES FROM GOVERNMENT AGENCIES 119,343   119,343


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Description Beginning of Year - Book Value End of Year - Book Value
    FELLOWSHIPS PAYABLE 1,703,750 1,771,250
    UNSPENT GRANT LIABILITY 23,701 14,223


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL PROCESSING 5,819 0 0 5,819
    PROGRAM CONSULTANT 32,846 0 0 42,003
    INVESTMENT FEES 5,201 5,201 5,201 0
    REPORT PREPARATION 65,523 0 0 62,487
    PROGRAM ASSESSMENT 350 0 0 350


    TY 2018 TaxesSchedule
    Name:
    THE NATIONAL ACADEMY OF EDUCATION
    EIN:
    77-0415802
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 28,832 0 0 29,642
    OTHER TAXES 332 0 0 332