Finances

Abstract

A long history of healthy financial affairs has enabled the American Physiological Society (APS, the Society) to undertake many projects that otherwise would not have been possible. The most important among these is the extensive program for publication of journals; others of note include 1) publication of one of the most important of all bioscience handbook series; 2) publication of monographs and special books; 3) purchase of Beaumont House and the surrounding property, which was later turned over to the Federation of American Societies for Experimental Biology (FASEB, the Federation); 4) providing much of the financing for the Lee Building on the Beaumont property, which is now the principal office building of APS and the other societies of FASEB; and 5) development of an extensive educational slide-tape series. Furthermore the strong financial position of the Society has also enabled APS to take a lead in many of the operational functions of FASEB, as well as to carry on special beneficial programs for its own members, such as the recent establishment of an office to deal with the plethora of animal experimentation legislation.