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<br />n.aMJ~" <br /> <br />II <br /> <br />1990 GRANTS AND CONTRIBUTIONS <br /> <br />We are especially grateful to the following sources of support of more than $1,000. Whatever <br />we have been able to achieve is as a result of these and other contributions. <br /> <br />AMOCO Foundation <br />ARCO Chemical Co. <br />ARCO Foundaiion <br />Carnegie Corporation of New York <br />Chadbourne & Parke <br />Congressional Leadership Dinner <br />Jean Wallace Douglas <br />E.1. du Pont de Nemours & Co. <br />EARTIITECH 90 <br />Educational Foundation of America <br />Exxon Corporation <br />FMC Foundation <br />German Marshall Fund of the UnitedSlIltes <br />W.R. Grace & Co. <br />Jolm A. Harris IV <br />William and Flora Hewlett Foundation <br />. Joyce Foundation <br />Jolm D. and Catherine T. MacArthur <br />Foundation <br /> <br />. Paul N. McCloskey, Jr. <br />George G. Montgomery, Jr. <br />Charles Stewart Mott Foundation <br />New England Electric System <br />Richard L. Ottinger .' <br />Ottinger Foundation. <br />Pew Charitable Trusts <br />Alida Rockefeller <br />Rockefeller Bm'thers Fund <br />Rockefeller Foundation <br />Roger.W. Sant <br />Towncreek Foundation, Inc. <br />Union Carbide <br />United Steelworkers of America <br />Robe't B. Wallace <br />Waste Management, lnc. . <br />World Rl'Sources Institute <br /> <br />BOYARSHY. SII.III-:HT ANII SIJ.\'I':HM,\N, 1',.\. <br />1"::.:...-.,.............. :11...f"4r .r:"t...--t'~..,r.' <br /> <br />..U ,OU...MY. ~ ".. <br />JOIL "L"I._' c.." <br />..a..us .,L............ <br /> <br />1I1!1\ E..CUT'~. .OUll......., <br />"O;,....'LCl M".n....D 20.!l2 <br /> <br />"'-"~ <br />...,.....N I~"""" pO <br />c.......b ",u.,., "'<au~..~'. <br /> <br />2ll'O!l3,!1 <br /> <br />- <br />.......L............... "... <br />T...... c..... <br /> <br />,..Nu ."000' <br /> <br />""eTO""L"""T.,,"'" <br /> <br />february 1, 1991 <br /> <br />"on'..,; <br /> <br />BOArd of Directors <br />Envlronmental and Energy Study <br />Institute <br />122 C Street. N.W., Suite 700' <br />WaShington, D.C. 20001 <br /> <br />We have oudited the accompanying BaKapce.Sheet of Environmental and <br />Energy Study Institute as of December 31, 1990 and the related <br />Statements of Income and Cash Flows for the' year then ended. These <br />financial statements are the responsibility of. the Institute's <br />management. Our responsibility is. to express an opinion on these <br />tinancial statements based on our audit. <br /> <br />We conducted our audit in accordance ....ith generally accepted "auditing' <br />standards. Those standards require that we plan and perform the <br />audit to obtain reasonable assurance about whether the financial <br />statements are free of material misstatement. . An audit includes <br />examining, on a ,t.est bi!tosl..s, evldlilnce supporting the. emount.s end <br />disclosures in .the financial statements. An audit .also includes <br />assessing the acco~nting principles used and significant estimates <br />made by management, as well as eva.luat ing the overall financial <br />stateJllent presentation. We believe that our '8u~it . proyides a <br />reasonable ,basis for our opinion. . <br /> <br />A <br /> <br />In our opinion, the financial statements referred te above. present <br />fairly, in all material respect9, the financial position_of the <br />E:nvlronlll8ntj!ll and Energy study Institute as of December 31. 1990,' an<~ <br />the results of it~ operations and cash flows fpr the year then ended <br />in conformity ~ith generally accepted accounting principles. <br /> <br />Very truly yo 9, <br />. A14'ny / /, ~/a:~~.,~~ <br />, i{{YAF.S ,"SIII.BEF.~ SILV~RMAN <br /> <br />, <br /> <br />. i <br />