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AMS Newsletter--February 2010 - American Musicological Society

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<strong>AMS</strong> Legacy Gifts<br />

Otto Kinkeldey, Paul Pisk, Dragan Plamenac,<br />

Gustave Reese, Lloyd Hibberd, Manfred Bukofzer,<br />

Sarah Jane Williams, Lenore Coral—very<br />

different people with one thing in common: they<br />

remembered the <strong>American</strong> <strong>Musicological</strong> <strong>Society</strong><br />

in their planned giving. Here is the fourth installment<br />

in a series remembering their lives and legacies<br />

to the <strong>AMS</strong>.<br />

Lenore Coral (1939–2005)<br />

Lenore Coral was born in Detroit, Michigan.<br />

Her musicological interests intersected with library<br />

science: she conducted research at King’s<br />

College London under Thurston Dart on British<br />

auction sale catalogues. She held important<br />

library posts at the University of California,<br />

Irvine, the University of Wisconsin, Madison,<br />

and, for the last twenty-three years of her life,<br />

Cornell University. During this time she served<br />

the <strong>AMS</strong> in a number of capacities at both the<br />

national and regional levels. She was a member<br />

of the Board of Directors in 2002 and 2003.<br />

Shortly after coming to Cornell, Lenore Coral<br />

established and became the director of the U.S.<br />

RILM (Répertoire International de Littérature<br />

Musicale) office. While her activities at Cornell,<br />

the <strong>AMS</strong>, the Music Library Association,<br />

and other associations and institutions were<br />

extensive, establishing and tending to RILM<br />

remained one of her highest priorities. Appropriately,<br />

her $10,000 bequest to the <strong>AMS</strong> is<br />

restricted to supporting the U.S. RILM office’s<br />

important work. Her experience with the <strong>AMS</strong><br />

assured her that through her bequest she would<br />

make an enduring and highly secure commitment<br />

to the musicological activities she valued<br />

most highly. The Lenore Coral/RILM Endowment<br />

has received many contributions in addition<br />

to the initial bequest, and now amounts to<br />

over $23,000. Contributions to the endowment<br />

continue to be accepted, and income generated<br />

from the endowment will be used solely in support<br />

of U.S. RILM activities.<br />

Lenore Coral<br />

Revenue<br />

Current<br />

operations Publications<br />

Endowment:<br />

Fellowships,<br />

Awards,<br />

Undesignated TOTALS<br />

Dues & subscriptions $ 365,134<br />

$ 365,134<br />

Annual meeting $ 203,902<br />

$ 203,902<br />

Sales/Royalties $ 48,647 $ 7,623<br />

$ 56,269<br />

Government grants $ 54,800 $ 134,735 $ 189,535<br />

Contributions $ 83,221 $ 149,001 $ 232,222<br />

Investment income $ 13,777 $ 20,797 $ 72,265 $ 106,838<br />

Unrealized loss in investment $ (140,981) $ (489,882) $ (630,862)<br />

Total revenue $ 631,460 $ 25,460 $ (133,881) $ 523,039<br />

Expenses<br />

Salaries & benefits $ 114,247<br />

$ 114,247<br />

Fellowships & awards $ 16,453 $ 54,874 $ 76,000 $ 147,327<br />

Dues & subscriptions $ 2,693<br />

$ 2,693<br />

Publications $ 112,089<br />

$ 112,089<br />

Professional fees $ 98,511 $ 56,311<br />

$ 154,822<br />

Annual meeting $ 144,005<br />

$ 24,373 $ 168,378<br />

Chapters $ 7,543<br />

$ 7,543<br />

Office expense $ 76,267 $ 2,387<br />

$ 78,654<br />

Total expenses $ 571,807 $ 113,572 $ 100,373 $ 785,752<br />

Change in Net Assets $ 59,653 $ (88,113) (234,254) $ (262,713)<br />

Assets<br />

Current<br />

Operations Publications<br />

Endowment:<br />

Fellowships,<br />

Awards,<br />

Undesignated TOTALS<br />

Cash $ 218,692<br />

$ 218,692<br />

Accounts receivable $ -<br />

Investments $ 862,131 $ 2,257,284 $ 3,119,415<br />

Equipment $ 18,130<br />

Funds held in trust $ 13,863<br />

$ 7,987 $ 21,850<br />

Total assets $ 232,555 $ 880,261 $ 2,265,271 $ 3,378,087<br />

Liabilities<br />

<strong>American</strong> <strong>Musicological</strong> <strong>Society</strong>, Inc.<br />

Statement of Activities for the Fiscal Year Ending<br />

June 30, 2009<br />

Statement of Financial Position<br />

June 30, 2009<br />

Accounts payable $ -<br />

Accrued expenses $ -<br />

Payroll taxes payable $ -<br />

Deferred Income $ 15,260<br />

$ 15,260<br />

Funds held in trust $ 13,863<br />

$ 7,987 $ 21,850<br />

Total Liabilities $ 29,123<br />

$ 7,987 $ 37,110<br />

Net assets $ 203,432 $ 880,261 $ 2,257,284 $ 3,340,977<br />

Total Liabilities & Net Assets $ 232,555 $ 880,261 $ 2,265,271 $ 3,378,087<br />

Total Liabilities & Net Assets, June 30, 2008: $ 3,515,706<br />

30 <strong>AMS</strong> <strong>Newsletter</strong>

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