Lael Brainard
Assistant to the President and Director of the National Economic Council
Observations
- Millionaire
Estimated Net Worth
- $9.4 M - $26.9 M
Salary
- Unknown
Financial Disclosure Details - OGE Form 278e (06/22/2022)
Positions Held Outside United States Government
# | Organization | City | Position | To |
|---|---|---|---|---|
Nothing reported in this section | ||||
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
|---|---|---|---|---|
1 | Massachusetts Institute of Technology, defined benefit plan (value not readily ascertainable): eligible for $939.97 per month at age 65 | None (or less than $201) | ||
2 | Massachusetts Institute of Technology, 401(k) Plan | |||
2.1 | Vanguard Russell 3000 Index Fund Institutional Shares (VRTTX) | $50,001 - $100,000 | None (or less than $201) | |
3 | IRA #1 | |||
3.1 | Fidelity Capital & Income Fund (FAGIX) | $15,001 - $50,000 | None (or less than $201) | |
3.2 | Fidelity Asset Manager 50% (FASMX) | $15,001 - $50,000 | None (or less than $201) | |
3.3 | Fidelity Puritan Fund (FPURX) | $15,001 - $50,000 | None (or less than $201) | |
4 | National Bureau of Economic Research, 401(a) | |||
4.1 | Vanguard 500 Index Fund Investor Shares (VFINX) | $15,001 - $50,000 | None (or less than $201) | |
4.2 | Vanguard International Value Fund Investor Shares (VTRIX) | $1,001 - $15,000 | None (or less than $201) |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
|---|---|---|---|---|
1 | Cambridge, Massachusetts | I will continue to participate in the 401(K) plan with my former employer MIT, but neither I nor MIT make any further contributions to the plan. | 7/1990 | |
2 | Cambridge, Massachusetts | I will continue to participate in the MIT defined benefit plan. | 7/1990 | |
3 | Cambridge, Massachusetts | I will continue to participate in the 401(a) plan with my former employer National Bureau of Economic Research (NBER), but neither I nor NBER make any further contributions to the plan. | 7/1994 | |
4 | Washington, District of Columbia | I will continue to participate in the 403(b) plan with my former employer Brookings Institution, but neither I nor Brookings make any further contributions to the plan. | 3/2001 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
|---|---|---|---|
Nothing reported in this section | |||
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | The Asia Group LLC, 401(k) Plan | |||
1.1 | T.Rowe Price Retirement I 2020 Fund - Class I | $250,001 - $500,000 | None (or less than $201) | |
2 | Center for a New American Security, 403(b) Plan | |||
2.1 | Large Cap U.S. Stock - American Funds Washington Mutual R6 (30) | $50,001 - $100,000 | None (or less than $201) | |
2.2 | Mid Cap U.S. Stock - Wells Fargo Special Mid Cap Value R6 (30) | $50,001 - $100,000 | None (or less than $201) | |
2.3 | International Stock - MFS International Diversification R6 (40) | $15,001 - $50,000 | None (or less than $201) | |
3 | Center for Strategic International Studies and Harvard University, 403(b) Plan | |||
3.1 | TIAA Traditional Annuity | $100,001 - $250,000 | None (or less than $201) | |
3.2 | CREF Stock | $100,001 - $250,000 | None (or less than $201) | |
3.3 | TIAA Real Estate | $15,001 - $50,000 | None (or less than $201) |
Other Assets and Income
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | U.S. bank #1 Cash Account | $100,001 - $250,000 | Interest | None (or less than $201) |
2 | U.S. bank #2 Cash Account | $1,000,001 - $5,000,000 | Interest | $201 - $1,000 |
3 | DC College Savings In College Portfolio | $100,001 - $250,000 | cash payments | $39,434 |
4 | DC College Savings In College Portfolio | None (or less than $1,001) | cash payments | $77,162 |
5 | DC College Savings 2025 Portfolio | $100,001 - $250,000 | None (or less than $201) | |
6 | U.S. Brokerage #1 Cash Deposit Accounts | $250,001 - $500,000 | Interest | None (or less than $201) |
7 | iShares Core Dividend Growth ETF (DGRO) | $50,001 - $100,000 | $2,501 - $5,000 | |
8 | iShares Core High Dividend ETF (HDV) | $100,001 - $250,000 | $5,001 - $15,000 | |
9 | iShares Core S&P Small-Cap ETF (IJR) | $500,001 - $1,000,000 | $5,001 - $15,000 | |
10 | iShares MSCI USA Min Vol Factor ETF (USMV) | $50,001 - $100,000 | $1,001 - $2,500 |
Transactions
# | Description | Type | Date | Amount |
|---|---|---|---|---|
1 | Vanguard Total Stock Market Index Fund | Sale | 01/29/2021 | $50,001 - $100,000 |
2 | Vanguard Russell 3000 Index Fund Institutional Shares (VRTTX) | Purchase | 01/29/2021 | $50,001 - $100,000 |
3 | DC College Savings in College Portfolio | Sale | 01/19/2021 | $15,001 - $50,000 |
4 | DC College Savings in College Portfolio | Sale | 07/19/2021 | $15,001 - $50,000 |
5 | DC College Savings in College Portfolio | Sale | 07/22/2021 | $15,001 - $50,000 |
Liabilities
# | Creditor | Amount | Incurred | Term |
|---|---|---|---|---|
1 | Bank of America, N.A., Richmond, VA | $1,000,001 - $5,000,000 | 2011 | 30 yrs |
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
|---|---|---|---|---|
Nothing reported in this section | ||||
Endnotes
Section | # | Description |
|---|---|---|
5 | 4.5 | This asset was identified as Vanguard REIT Index ETF on prior reports. |
5 | 8 | The engagement and work was performed in 2020 but payment was not received until 2021. |
5 | 9 | The engagement and work was performed in 2020 but payment was not received until 2021. |
5 | 10 | The engagement and work was performed in 2020 but payment was not received until 2021. |
5 | 11 | The engagement and work was performed in 2020 but payment was not received until 2021. |
7 | 1 | Transaction initiated by MIT plan administrator |
7 | 2 | Transaction initiated by MIT plan administrator |
7 | 3 | Payment for tuition |
7 | 4 | Payment for tuition |
7 | 5 | Payment for tuition |
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