Jay Shambaugh
Under Secretary for International Affairs
Observations
  • Millionaire
Estimated Net Worth
  • estimated net worth
    $1.7 M - $4.3 M
Salary
  • salary
    Unknown
Employment
  • Started 12/13/2022

Financial Disclosure Details - OGE Form 278e (11/21/2021)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Washington,, District of Columbia
Professor
Present
2
The Hamilton Project at Brookings
Washington, District of Columbia
Director and Senior Fellow in Economic Studies
7/2020
3
Washington, District of Columbia
Non-resident Senior Fellow
Present
4
Cambridge, Massachusetts
Research Associate
Present
5
Amsterdam, The Netherlands
Associate Editor
Present
6
Washington, District of Columbia
CEA Transition team member
1/2021
7
WestExec Advisers
Washington, District of Columbia
Principal
10/2020
8
Beaverton, Oregon
Member
Present
9
Denny Center at Georgetown University
Washington, District of Columbia
Consultant
Present
10
Educational Trust 1
Chevy Chase, Maryland
Trustee
Present

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
George Washington University
Salary
$412,755
2
The Hamilton Project at Brookings
Salary
$119,098
3
WestExec Advisers (Advisory firm)
Salary
$27,000
4
Conveners.org
Salary
$30,000
5
Roth IRA 1
5.1
Janus Henderson Enterprise Fund Class T
$1,001 - $15,000
None (or less than $201)
5.2
Alger Spectra Fund Class A
$1,001 - $15,000
None (or less than $201)
5.3
Janus Henderson Global Research Fund Class T
$1,001 - $15,000
None (or less than $201)
5.4
Touchstone Focused Fund Class Y
$1,001 - $15,000
None (or less than $201)
5.5
U.S. Certificate of Deposit (cash)
$1,001 - $15,000
Interest
$201 - $1,000

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
Washington,, District of Columbia
Unpaid leave of absence for government service is available for two (2) years with the possibility of extension. Employer will not provide any benefits or contributions to any retirement plan during leave. Pursuant to the GW Faculty Code, leaves of absence must be approved by the Department, the Dean of the relevant school, and ultimately by the Provost.
11/2021
2
Dartmouth College 401(a)
Hanover, New Hampshire
I will continue to participate in this defined contribution plan, but the plan sponsor no longer makes contributions.
7/2002
3
Dartmouth College Supplemental Retirement Plan
Hanover, New Hampshire
I will continue to participate in this defined contribution plan, but the plan neither I nor sponsor continues to make contributions.
7/2002
4
Washington, District of Columbia
I will continue to participate in this defined contribution plan, but the plan sponsor no longer makes contributions.
8/2011
5
Brookings Savings and Retirement Plan
Washington, District of Columbia
I will continue to participate in this defined contribution plan, but the plan sponsor no longer makes contributions.
8/2017
6
Washington, District of Columbia
I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation, nor will I.
8/2012
7
Washington, District of Columbia
I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation.
8/2012

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
1
Washington,, District of Columbia
teach classes, perform research, at times have been head of small research institute, the Institute for International Economic Policy.
2
The Hamilton Project at Brookings
Washington, District of Columbia
Director of small research think tank within Brookings. Commissioned papers, led team in analysis.
3
WestExec Advisers
Washington, District of Columbia
Provided analysis of U.S. and Global economy.
4
Conveners.org
virtual/ Beaverton, Oregon
participate in meetings, help with white papers.
5
Boston Federal Reserve
Boston, Massachusetts
wrote commissioned paper, presented in October 2019.
6
Seattle, Washington
Consulting Services (Client of WestExec Advisers)
7
Softbank
Tokyo, Japan, Outside U.S.
Consulting Services (client of WestExec Advisers)
8
Denny Center at Georgetown University
Washington, District of Columbia
Consulting services to the Denny Center helping them craft a report on the U.S. Economy

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
St Andrew's Episcopal School
salary
2
Jack Kent Cooke Foundation
consulting fees
3
Roth IRA #2
3.1
S&P 500 index scwabb fund
$15,001 - $50,000
None (or less than $201)
3.2
Janus Henderson Research Fund Class T
$1,001 - $15,000
None (or less than $201)
3.3
DWS CROCI international fund class S
$1,001 - $15,000
None (or less than $201)
3.4
AMG Veritas China Fund Class N
$1,001 - $15,000
None (or less than $201)
4
Barnard TIAA CREF
4.1
CREF Social Choice R2
$15,001 - $50,000
None (or less than $201)
5
Crystal Springs Upland School TIAA CREF

Other Assets and Income

#
Description
Value
Type
Amount
1
U.S. bank #1 (cash)
$100,001 - $250,000
None (or less than $201)
2
Nike Stock
$15,001 - $50,000
Dividends
$201 - $1,000
3
U.S. bank #2 (cash)
$15,001 - $50,000
None (or less than $201)
4
Utah 529
4.1
Target Enrollment 2020/2021 fund
$50,001 - $100,000
None (or less than $201)
5
California Scholarshare 529
5.1
Scholarshare 529 target year 2019
$50,001 - $100,000
None (or less than $201)
6
Educational trust 1
6.1
Schwab S&P 500 Index Fund (SWPPX)
$250,001 - $500,000
$5,001 - $15,000
6.2
U.S. brokerage money market account (cash)
$1,001 - $15,000
Interest
$201 - $1,000

Transactions

#
Description
Type
Date
Amount
Nothing reported in this section

Liabilities

#
Creditor
Amount
Incurred
Term
1
US Bank
$500,001 - $1,000,000
2012
30 year fixed rate
2
Rushmore Loan Management Services
$50,001 - $100,000
2014
10 years

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
1
4
This represents date of restarting my affiliation after resigning during tenure at the White House. I was affiliated with NBER going back to the mid 2000's prior to that.
1
5
Journal is virtual but managed by Elselvier. Elselvier is headquartered in Amsterdam, The Netherlands.
1
8
I was on leave from the committee during my time on the Biden Transition team. Virtual participation. Payments made via Conveners.org based in Beaverton, Oregon.
2
4
Salary for services provided to Regenerative Crisis Response Committee.
4
4
Salary for services provided to Regenerative Crisis Response Committee.

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