Financial Statements

Financial Statements

American Academy of Arts and Sciences and Affiliates
Consolidated Statement of Financial Position as of June 30, 2023

William Henry Pickering, a Member of the Academy and an instructor of physics at the Massachusetts Institute of Technology, photographed a total eclipse of the sun...

New analysis from the Academy's Humanities Indicators project shows dramatic decreases in open positions for professors. Health professions faculty jobs, once equal in number to those in humanities, now far outnumber them.

Reflections from Henry Louis Gates, Jr. on Receiving the Don M. Randel Award for Humanistic Studies

New data from the American Academy’s Humanities Indicators reveal a recent substantial shift toward bachelor’s and graduate degrees in the science, technology, engineering, and medical (STEM) fields; the data also highlight some of the underlying complexities in this shift.

An examination of the financial advantage earning a bachelor’s degree, in any major, provides over not attaining the degree.

The American Academy of Arts & Sciences named Toni Morrison as the recipient of the 2016 Emerson-Thoreau Medal for her distinguished achievement in the field of literature. Established in 1958, the medal is awarded to an individual for his or her total literary achievement rather than for a specific work.

The firm of Mayer Hoffman McCann P.C., Certified Public Accountants, conducted the audit of the American Academy’s statements of financial position for the fiscal year 2021 (July 1, 2020–June 30, 2021). I am pleased to report the auditors found the consolidated financial statements present fairly, in all material respects, the financial position of the Academy, and the auditors have issued an unqualified report. The consolidated statement of activities and financial position may be found below. A copy of the audited financial statements is available on the Academy’s website and upon request from the Academy’s Business Office.

At the 3rd Meeting of the Academy held on August 30, 1780, Academy members voted to appoint “a Committee to confer with the Reverend and Honorable Corporation of the University of Cambridge upon pursuing measures to procure an accurate observation of the Solar eclipse...”

The firm of Mayer Hoffman McCann P.C., Certi­fied Public Accountants, conducted the audit of the American Academy’s statements of finan­cial position for the fiscal year 2020 (July 1, 2019–June 30, 2020). I am pleased to report the auditors found the consolidated financial statements present fairly, in all material respects, the financial position of the Academy, and the auditors have issued an unqualified report. The consolidated statement of activities and financial position may be found on pages 12–13. A copy of the audited financial statements is available on the Academy’s website and upon request from the Academy’s Business Office.

The American Academy of Arts & Sciences presented the Scholar-Patriot Award to acclaimed cellist and humanist Yo-Yo Ma in recognition of his lifetime achievements as a musician, educator, and champion of multicultural understanding.

A protracted debate within the Academy over Darwin’s Origin of Species began with a paper on Japanese flora presented by Asa Gray in 1858, leading to an exchange between Louis Agassiz and William Barton Rogers...

On November 11, 2015, Diane P. Wood, Goodwin Liu, and David S. Tatel discussed issues of access to the justice system. The program, which served as the 2027th Stated Meeting and the Inaugural Distinguished Morton L. Mandel Annual Public Lecture, was streamed to gatherings of members in four cities around the country: New York, Washington, Chicago, and Berkeley. The program concluded the first day of a two-day Academy symposium on the state of legal services for low-income Americans, which brought together federal and state judges, lawyers, legal scholars, and legal aid providers concerned about the state of legal services for Americans.