Risk, Return and Social Impact: Demystifying the Law of Mission Investing by U.S. Foundations

Discusses in detail the legal aspects of mission-related investing, including federal and state fiduciary laws, foundations' fiduciary responsibility, and emerging practices, and makes recommendations. Includes examples of investments and case studies

A Brief Guide to the Law of Mission Investing for U.S. Foundations

U.S foundations have considerable freedom to invest their assets in ways that further their missions, even at greater risk or lower financial return. The legal framework that governs the investment of foundation assets is both complex and ambiguous, however, with the result that many foundation leaders and investment advisors are unclear about what is legally permissible. Anne Stetson and Mark Kramer of FSG have prepared two reports, in consultation with nationally-recognized legal experts and senior foundation officers, analyzing the federal tax and state fiduciary laws as they apply to US foundations. In addition to legal analysis, the reports provide practical recommendations as to how foundations can best navigate these laws in making mission-related or program-related investments. A Brief Guide to the Law of Mission Investing for U.S. Foundations is a short 18 page booklet, suitable for foundation staff and boards, as well as their advisors, explaining in non-technical language the factors foundations must consider in making mission investments

The HST Key Project on the Extragalactic Distance Scale XVII. The Cepheid Distance to NGC 4725

The distance to NGC 4725 has been derived from Cepheid variables, as part of the Hubble Space Telescope Key Project on the Extragalactic Distance Scale. Thirteen F555W (V) and four F814W (I) epochs of cosmic-ray-split Wide Field and Planetary Camera 2 observations were obtained. Twenty Cepheids were discovered, with periods ranging from 12 to 49 days. Adopting a Large Magellanic Cloud distance modulus and extinction of 18.50+/-0.10 mag and E(V-I)=0.13 mag, respectively, a true reddening-corrected distance modulus (based on an analysis employing the ALLFRAME software package) of 30.50 +/- 0.16 (random) +/- 0.17 (systematic) mag was determined for NGC 4725. The corresponding of distance of 12.6 +/- 1.0 (random) +/- 1.0 (systematic) Mpc is in excellent agreement with that found with an independent analysis based upon the DoPHOT photometry package. With a foreground reddening of only E(V-I)=0.02, the inferred intrinsic reddening of this field in NGC 4725, E(V-I)=0.19, makes it one of the most highly-reddened, encountered by the HST Key Project, to date.Comment: To be published in The Astrophysical Journal, Vol. 512 (1999). 34 pages, LaTeX, 9 jpg figure

The Hubble Space Telescope Extragalactic Distance Scale Key Project XXIII. The Discovery of Cepheids In NGC 3319

The distance to NGC 3319 has been determined from Cepheid variable stars as part of the Hubble Space Telescope Key Project on the Extragalactic Distance Scale. Thirteen and four epochs of observations, using filters F555W (V) and F814W (I) respectively, were made with the Wide Field Planetary Camera 2. Thirty-three Cepheid variables between periods of 8 and 47 days were discovered. Adopting a Large Magellanic Cloud distance modulus of 18.50 +- 0.10 mag and extinction of E(V-I)=0.13 mag, a true reddening-corrected distance modulus (based on an analysis employing the ALLFRAME software package) of 30.78 +- 0.14 (random) +- 0.10 (systematic) mag and the extinction of E(V-I) = 0.06 mag were determined for NGC 3319. This galaxy is the last galaxy observed for the HST H0 Key Project.Comment: 22 pages. A gzipped tar file containing 16 figures can be obtained from http://www.ipac.caltech.edu/H0kp/n3319/n3319.htm

The Age and Metallicity of the Bootes I System

We present Washington photometry of a field central to the Bootes I dwarf spheroidal galaxy, which was discovered as a stellar overdensity in the Sloan Digital Sky Survey (DR5). We show that the Washington filters are much more effective than the Sloan filters in separating the metal-poor turn-off stars in the dwarf galaxy from the foreground stars. We detect 165 objects in the field, and statistically determine that just over 40% of the objects are non-members. Our statistical analysis mostly agrees with radial velocity measurements of the brighter stars. We find that that there is a distinct main-sequence turn-off and subgiant branch, where there is some evidence of a spread in chemical abundance. Any evidence of an age spread is limited to a few billion years. The brightest 7 Bootes I members give a (photometric-color derived) weighted mean iron-abundance of [Fe/H]=-2.1+/-0.4, and the best-fit isochrone is the 14.1 Gyr, Z=0.0002 model, with DM=19.11 and E(B-V)=0.02.Comment: 20 pages, 7 figures, to appear in the A

Deciphering the Mechanism and Function of Hsp100 Unfoldases From Protein Structure

Hsp100 chaperones, also known as Clp proteins, constitute a family of ring-forming ATPases that differ in 3D structure and cellular function from other stress-inducible molecular chaperones. While the vast majority of ATP-dependent molecular chaperones promote the folding of either the nascent chain or a newly imported polypeptide to reach its native conformation, Hsp100 chaperones harness metabolic energy to perform the reverse and facilitate the unfolding of a misfolded polypeptide or protein aggregate. It is now known that inside cells and organelles, different Hsp100 members are involved in rescuing stress-damaged proteins from a previously aggregated state or in recycling polypeptides marked for degradation. Protein degradation is mediated by a barrel-shaped peptidase that physically associates with the Hsp100 hexamer to form a two-component system. Notable examples include the ClpA:ClpP (ClpAP) and ClpX:ClpP (ClpXP) proteases that resemble the ring-forming FtsH and Lon proteases, which unlike ClpAP and ClpXP, feature the ATP-binding and proteolytic domains in a single polypeptide chain. Recent advances in electron cryomicroscopy (cryoEM) together with single-molecule biophysical studies have now provided new mechanistic insight into the structure and function of this remarkable group of macromolecular machines

The HST Key Project on the Extragalactic Distance Scale XIV. The Cepheids in NGC 1365

We report the detection of Cepheid variable stars in the barred spiral galaxy NGC 1365, located in the Fornax cluster, using the Hubble Space Telescope Wide Field and Planetary Camera 2. Twelve V (F555W) and four I (F814W) epochs of observation were obtained. The two photometry packages, ALLFRAME and DoPHOT, were separately used to obtain profile-fitting photometry of all the stars in the HST field. The search for Cepheid variable stars resulted in a sample of 52 variables, with periods between 14 and 60 days, in common with both datasets. ALLFRAME photometry and light curves of the Cepheids are presented. A subset of 34 Cepheids were selected on the basis of period, light curve shape, similar ALLFRAME and DoPHOT periods, color, and relative crowding, to fit the Cepheid period-luminosity relations in V and I for both ALLFRAME and DoPHOT. The measured distance modulus to NGC 1365 from the ALLFRAME photometry is 31.31 +/- 0.20 (random) +/- 0.18 (systematic) mag, corresponding to a distance of 18.3 +/- 1.7 (random) +/- 1.6 (systematic) Mpc. The reddening is measured to be E(V-I) = 0.16 +/- 0.08 mag. These values are in excellent agreement with those obtained using the DoPHOT photometry, namely a distance modulus of 31.26 +/- 0.10 mag, and a reddening of 0.15 +/- 0.10 mag (internal errors only).Comment: 48 pages, 8 tables, 8 figures, to appear in Ap