DEVELOPMENT Council Members Corporations that contribute a minimum of $25,000 annually and individuals who contribute a minimum of $5,000 annually are recognized as members of the RFF Council. Ever y year, this elite group provides much of the unrestricted financial support required to run the daily business of our organization, enabling RFF to car r y out its mission to improve environmental and natural resource policymaking worldwide through objective social science research of the highest caliber. In 2002, we received generous gifts totaling more than $965,000 from our Council members. We are truly proud to acknowledge these individuals and companies. Ernest B. and Catherine Good Abbott McLean, Virginia Braden R. Allenby Vice President, Environment, Health and Safety AT&T Corp. Patrick R. Atkins Director, Environmental Affairs Aluminum Company of America M. Keshar Bajracharya Academician/Member Royal Nepal Academy of Science and Technology George D. Carpenter Director, Corporate Sustainable Development The Procter & Gamble Company Emery N. Castle Professor Emeritus Oregon State University W. A. Collins Director, Health, Environment and Safety Occidental Petroleum Corporation Ged R. Davis Vice President, Global Business Environment Shell International Limited Margaret W. Fisher Falls Church, Virginia Dod A. Fraser Sackett Partners Incorporated Robert W. and Jill Fri Bethesda, Maryland William Frick Vice President, General Counsel and Secretary American Petroleum Institute Darius W. Gaskins, Jr. Senior Partner High Street Associates, Inc. Georgia Pacific Corporation Atlanta, Georgia Charles H. Goodman Senior Vice President, Research and Environmental Affairs Southern Company Lyle E. Gramley Potomac, Maryland Edward F. and Ann Hand Oakton, Virginia James R. Hendricks Vice President, Environment, Health and Safety Duke Energy Corporation Dale E. Heydlauff Senior Vice President, Environmental Affairs American Electric Power Company, Inc. Jane M. Hutterly Senior Vice President, Worldwide Corporate Affairs S.C. Johnson & Son, Inc. Thomas C. Jorling Vice President, Environmental Affairs International Paper Company Steven L. Kline Vice President, Federal Governmental and Regulatory Relations PG&E Corporation Thomas J. Klutznick President Thomas J. Klutznick Company Raymond J. Kopp Senior Fellow Resources for the Future Lawrence H. Linden New York, New York Charles F. Luce Bronxville, New York Lawrence U. Luchini Partner and Portfolio Manager ITS Investments LLC Paul G. McNulty Director, Environmental Affairs, Americas Altria Coporate Services, Inc. Jan W. Mares The EOP Group, Inc. Carolyn Murray New York, New York James R. Olson Senior Vice President, External and Regulatory Affairs Toyota Motor North America, Inc. Steven W. Percy Akron, Ohio Cassie L. Phillips Vice President, Sustainable Forestry Weyerhaeuser Company – Timberlands Paul R. Portney President and Senior Fellow Resources for the Future James W. Ragland Director, Economic Research Group Aramco Services Company Stephen D. Ramsey Vice President, Corporate Environmental Programs General Electric Company R E S O U R C E S F O R T H E F U T U R E RESOURCES 3 3 DEVELOPMENT David Raney Senior Manager, Environmental and Energy Affairs American Honda Motor Company, Inc. R. A. Ridge Vice President, Health, Safety and Environment ConocoPhillips Bernard I. Robertson Senior Vice President, Regulatory Affairs DaimlerChrysler Corporation Chauncey Starr President Emeritus Electric Power Research Institute William F. Tyndall Vice President, Environmental Services and Federal Affairs Cinergy Corporation Warner Williams Vice President, Health, Environment and Safety ChevronTexaco Corp. Edward L. Strohbehn Jr. Attorney-at-Law McCutchen, Doyle, Brown & Enersen Thomas F. Walton Director, Economic Policy General Motors Corporation Martin B. Zimmerman Group Vice President, Corporate Affairs Ford Motor Company Victoria J. Tschinkel Victoria J. Tschinkel, Environmental Policy and Management Lawrence J. Washington, Jr. Corporate Vice President, Environment, Health and Safety, Human Resources, and Public Affairs The Dow Chemical Company Individual Donors RFF is grateful for the generous contributions it receives in support of its research and public education efforts and wishes to acknowledge and thank those individuals who believe in the goals and mission of the institution and financially support its work. Anonymous (5) Wiktor L. Adamowicz Mark Aldrich Edith A. Allen-Schult Marilyn A. Altobello Lee G. Anderson Robert C. Anderson Jess C. Andrew Kenneth J. Arrow Jesse H. Ausubel Paul F. Balser Colin T. Barnes William T. Battin William J. Baumol Lawrence R. Beebe E. Peter Benzing John C. Bergstrom David Biltchik Tayler H. Bingham Clark S. Binkley Guthrie Birkhead Richard C. Bishop Glenn C. Blomquist Nancy E. Bockstael Richard N. Boisvert John J. Boland Blair T. Bower Tim Brennan Garry D. Brewer Arnold T. Brooks & Susan Sonnesyn Brooks David S. Brookshire Harold Brown Oscar R. Burt Richard V. Butler William A. Butler Daniel Byrd Frederick W. Camp John M. Campbell Frank C. Carlucci Carlo Carraro Laura Castellucci Wen S. (Charlie) Chern Charles J. Cicchetti 3 4 RESOURCES FA L L 2 0 0 2 / W I N T E R 2 0 0 3 J. Matthew Clark W. James Clawson Mark A. Cohen Bonnie G. Colby John C. Colman Dale Colyer Jon M. Conrad Elinor Constable Philip J. Cook James H.S. Cooper Dan & Lesli Creedon Maureen L. Cropper Ralph C. D’Arge Joel Darmstadter Britt W. David Martin H. David & Elizabeth Likert David W. Kenneth Davis Robert T. Deacon Joseph S. DeSalvo William H. Desvousges Mark T. Dickie Joseph M. Dukert Christopher F. Dumas Joy Dunkerley George C. Eads Kelly Eakin Anthony S. Earl K. William Easter Charles Phillips Eddy III Roderick G. Eggert Vernon R. Eidman A. Denny Ellerman James R. Ellis Dennis Epple Edward W. Erickson Bernard Eydt Rolf Fáre Leonard L. Fischman Ann and Warren Fisher Anthony C. Fisher James H. Fisher A. Myrick Freeman William J. Frey DEVELOPMENT William Fulkerson Don Fullerton B. Delworth Gardner Jerry D. Geist Bill & Ellie George Shelby Gerking Richard Goodenough Philip E. Graves C. Boyden Gray Bob & Debbie Groberg Elias P. Gyftopoulos Patrick T. Hagan James K. Hammitt W. Michael Hanemann Robert I. Hanfling Arnold C. Harberger David Harrison Kathy Hayes John E. Herbert Russel H. Herman William W. Hogan Oswald Honkalehto Robert L. Horst Charles W. Howe Harold M. Hubbard Leonard S. Hyman Tohru Ishimitsu Andrew M. Isserman Paul M. Jakus F. Reed Johnson Carol Adaire Jones Richard E. Just Matt Kahn Ruth & Herschel Kanter Yoshiaki Kaoru John E. Keith David & Clare Kennell Donald M. Kerr James M. Kiefer Daniel E. Klein Robert Kling H. Felix Kloman Karen Klonsky Jeff Kolb Charles D. Kolstad Richard F. Kosobud Jacques J. Kozub Jeffrey A. Krautkraemer Fumiaki Kubo Nicole Lamotte Max R. Langham John S. Lapp Thomas J. Lareau Lester B. Lave Vernon R. Leeworthy Arik Levinson Erik Lichtenberg Steven (An-Yhi) Lin Robert C. Lind James B. Lindberg Franklin A. Lindsay Jin-Tan Liu John B. Loomis Thomas E. Lovejoy Ralph A. Luken Douglas J. MacNair Nobuhiko Masuda Peter J. May Jonathan E. McBride Paul McCarthy Roger O. McClellan Jill J. McCluskey Mary E. McWilliams Jon R. Miller Knute M. Miller John A. Miranowski Debra Montanino George G. Montgomery Richard Morgenstern Glenn E. Morris Herbert C. Morton Earl F. Murphy James H. Murphy George R. Neumann Richard T. Newcomb Yew-Kwang Ng John P. Nichols Hidenori Niizawa Sally Nishiyama (in memory of Sam Schurr) Wallace E. Oates Bruce H. Parker Ian Parry George R. Parsons Carl A. Pasurka Merton J. Peck Robert L. Pennington Jeffrey M. Perloff Richard K. Perrin & Lilyan E.F. Fulginiti Henry M. Peskin Andrew M. Petsonk Edward L. Phillips & Laurel Murphy William Pizer Gregory L. Poe Stephen Polasky & Elizabeth Davis Neal Potter Thomas M. Power Ronald L. Promboin Russell M. Ray Craig E. Reese William C. Rense Eirik Romstad Adam Z. Rose Richard W. Ruppert Milton Russell Hisao Saka Robin Samet Theodore M. Schad John & Jean Schanz Thomas C. Schelling Richard Schmalensee Gunter Schramm Kurt A. Schwabe Carol R. Scotton David O. Scrogin Charles Sercu Leonard A. Shabman Marvin Shaffer Daigee Shaw Robert W. Shaw John J. Siegfried Hilary A. Sigman & Howard Chang Sally A. Skillings Kenneth A. Small V. Kerry & Pauline A. Smith John W. Snow Leopoldo Solis Christopher N. Sonnesyn Jon C. Sonstelie Pamela Spofford Robert N. Stavins Spiro E. Stefanou Wilbur A. Steger Paula E. Stephan Flora Stetson Calvin W. Stillman W. Burt Sundquist Joseph Swierzbinski Richard Sylla Daniel R. Talhelm Laura Taylor TCW Economics G. Neel Teague Thomas H. Tietenberg John E. Tilton Russell E. Train Leo Troy Aime Trudel Pan-Long Tsai Henry Tulkens Robert Unsworth Betty Van Der Smissen William W. Wade Charls E. Walker David A. Watts Peter F. Watzek Henry W. Wedaa David L. Weimer David B. Weinberg Hal & Marilyn Weiner Hsu Wen-Fu Megan Werner J. Fred Weston Larry E. Westphal Gilbert F. White Martin Williams Nancy A. Williams Robert Willig Eric H. Willis John J. Wise Nathaniel Wollman Shue Tuck Wong Edgar P. Young Zheng Zhang David Zilberman R E S O U R C E S F O R T H E F U T U R E RESOURCES 3 5 DEVELOPMENT Corporate Donors Corporations worldwide value RFF’s independent and nonpartisan research, which focuses on issues critical to their businesses and bottom lines. Although they may not always agree with RFF’s recommendations, the corporate community appreciates the need for objective analysis in often-controversial policy debates. The unrestricted support RFF receives from companies and trade associations helps to ensure that its tradition of independent, excellent research continues. RFF Council ($25,000 and higher) Gifts of $50,000 and over American Electric Power Company, Inc. AT&T Foundation Exelon Corporation Ford Motor Company General Motors Corporation S.C. Johnson & Son, Inc. The Procter & Gamble Company Toyota Motor Sales, USA, Inc. Weyerhaeuser Company Foundation Gifts of $30,000 to $49,999 Philip Morris Companies, Inc. American Honda Motor Company, Inc. Duke Energy Corporation GE Fund Georgia-Pacific Corporation Gifts of $25,000 to $29,999 Gifts of $10,000 - $24,999 Gifts under $10,000 Alcoa Foundation American Petroleum Institute Aramco Services Company ChevronTexaco Corporation Cinergy Corporation ConocoPhillips Constellation Energy Group, Inc. DaimlerChrysler Corporation The Dow Chemical Company International Paper Company Occidental Petroleum Corporation PG&E Corporation Shell Oil Company Foundation/ Shell International Limited Southern Company Services, Inc. United Technologies Corporation Waste Management, Inc. American Forest & Paper Association Anheuser-Busch Companies, Inc. CSX Corporation E. I. du Pont de Nemours and Company NiSource Inc. Novartis Corporation Wisconsin Electric Power Company ALLETE Alliance of Automobile Manufacturers American Chemistry Council Ashland, Inc. The Cargill Foundation CF Industries, Inc. Eastman Chemical Company Eastman Kodak Company Hamilton and Hamilton, LLP MeadWestvaco Corporation Potomac Electric Power Company TXU Corp. Uniroyal Chemical Company, Inc. Unocal Corporation 3 6 RESOURCES FA L L 2 0 0 2 / W I N T E R 2 0 0 3 DEVELOPMENT Foundation & Institutional Support Support from philanthropic foundations and institutions continues to be an important part of the diversified funding base that Resources for the Future is building. We would like to thank the following organizations for their generous support of our research agenda. Asian Development Bank European Commission Fuji Research Institute Corporation Vira I. Heinz Endowment The William and Flora Hewlett Foundation Robert and Ardis James Foundation Japan Research Institute The Johnson Foundation The Robert Wood Johnson Foundation Kulakala Point Foundation Grace R. and Alan D. Marcus Foundation The Andrew W. Mellon Foundation Milbank Memorial Fund National Commission on Energy Policy Regional Environmental Center for Central and Eastern Europe The Rockefeller Foundation Smith Richardson Foundation, Inc. The Tinker Foundation Inc. United Nations Foundation The G. Unger Vetlesen Foundation The World Bank World Health Organization The Legacy Society The Legacy Society recognizes those individuals who have generously made provisions for Resources for the Future in their estate plans. These gifts will help ensure the long-term vitality and financial strength of the institution. Ever yone making a planned gift prior to September 30, 2003, the close of the 50 th anniversar y campaign, will be acknowledged in perpetuity as a founding member. Founding Members Catherine & Ernest Abbott Emery N. Castle Thomas D. Crocker Margaret W. Fisher Robert and Jill Fri Darius W. Gaskins, Jr. Robert E. Grady Winston Harrington Thomas J. H. Klutznick Allen V. Kneese* Hans H. Landsberg* Steve & Barbara Percy Paul R. Portney William D. Ruckelshaus Clifford S. Russell Edward L. Strohbehn Jr. Helen-Marie Streich Victoria J. Tschinkel Gilbert F. White Irving Zuckerman* * deceased R E S O U R C E S F O R T H E F U T U R E RESOURCES 3 7 DEVELOPMENT Gifts & Grants—82% REVENUE PERCENTAGES In fiscal year 2002, RFF's operating revenue was $9.3 million, more than 80% of which came from individual contributions, foundation grants, unrestricted corporate contributions, and government grants. This income includes one $2 million contribution to endow a chair at RFF. RFF augments its income by an annual withdrawal from its reser ve fund to support operations. At the end of fiscal year 2002, the reser ve fund was valued at $24.5 million. EXPENSE PERCENTAGES RFF research and educational programs continued to grow in 2002, representing almost three quarters of total expenses. Management and administration and development expenses combined were only 20% of the total. The balance is made up of goods sold and building operations related to facilities rented to other nonprofit organizations. 3 8 RESOURCES FA L L 2 0 0 2 / W I N T E R 2 0 0 3 Investment & Rental—15% Sales & Miscellaneous—3% Cost of Goods Sold—1% Development—7% Building Operations—7% Management & Administration—13% Programs—72%