AMS Newsletter--February 2010 - American Musicological Society
AMS Newsletter--February 2010 - American Musicological Society
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>