Net Assets
Net Asset are classified based on the existence or absence of donor-imposed restrictions, resources are classified into two categories: without donor restrictions and with donor restrictions.
Net assets without donor restrictions聽are free of donor-imposed restrictions. All revenues, gains, and losses that are not restricted by the donor are included in this classification. All expenses are reported as decreases in net assets without donor restrictions.
Net assets with donor restrictions聽are subject to donor-imposed restrictions that will be met either by actions of the 中国365bet中文官网 or the passage of time. These net assets include donor restricted endowments and unconditional pledges. Generally, the donor-imposed restrictions of these assets permit the 中国365bet中文官网 to use all or part of the income earned (interest and dividend income) on the related investments for specific purposes; however, investment gains and losses are reinvested into the corpus.
At December 31, 2024, the 中国365bet中文官网 had net assets totaling approximately $1.8 billion. 聽More than 48% of these net assets are donor restricted.
- Net Assets without Donor Restrictions: $902 million
- Net Assets with Donor Restrictions: $854 million
Net Assets Without Donor Restrictions: $902 million
As of December 31, 2024 the 中国365bet中文官网 had $902 million in net assets without donor restrictions. 聽These net assets are intended to protect the 中国365bet中文官网鈥檚 long-term viability, particularly in the event of a sustained economic downturn, uninsured losses and/or poor capital market performance.
The 中国365bet中文官网 maintains a separate Member Insurance Program, American Chemical 中国365bet中文官网 Insurance Trust (the Insurance Trust), which provides members with insurance coverage through several group insurance policies.聽 The Insurance Trust has accumulated $26 million in net assets without donor restrictions. 聽The Board of Trustees of the Insurance Trust has determined that these funds will be used for the benefit of participants in the ACS Member Insurance Plans, and to protect the program against adverse claims experience.
| Program | Assets |
|---|---|
| Insurance Trust | $26 million |
| Board-Designated 鈥� ACS Programs | $99 million |
| Other Net Assets | $777 million |
| Net Assets without Donor Restrictions | $902 million |
Net Assets with Donor Restrictions: $854 million
The 中国365bet中文官网 has approximately $854 million in net assets with donor restrictions, which represents donations received in support of specific 中国365bet中文官网 programs.
| Program | Assets |
|---|---|
| ACS Petroleum Research Fund | $696 million |
| ACS Programs | $158 million |
| Net Assets with Donor Restrictions | $854 million |
The ACS Petroleum Research Fund (PRF) accounts for $696 million of the total. The PRF was established as an endowed fund October 25, 2000 as a result of The Agreement of Transfer of Trust (the聽Agreement) between the 中国365bet中文官网 and Morgan Guaranty Trust Company of New York, approved by the Attorney General for the State of New York, and ordered by the Supreme Court of New York.聽 The fund generates interest and dividends which are used to provide grants to support education and research in the petroleum field.
ACS Programs make up the remaining balance of Net Assets with Donor Restrictions with $158 million in restricted assets.聽 The majority of these restricted net assets reside in the Education and Membership programs.
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