26 



Carnegie; institution of Washington. 



The aggregate receipts from interest on endowment, 

 Summary of Receipts , •.^ij-,,f . , 



and Expenditures irom interest on bond investments, from interest on de- 



of the Institution posits in banks, from sales of publications, from refund 

 to Date. 



on grants and miscellaneous items to date is $4,246,875.68, 



as shown by the following table : 



♦Includes $150,750.00 received from sale of bonds. 



The purposes for which funds have been appropriated by the Board of 

 Trustees of the Institution may be summarily classified under five heads, 

 namely: (i) investments in bonds and on account of Administration Build- 

 ing; (2) large projects; (3) minor projects, special projects, and research 

 associates and assistants; (4) publications; (5) administration. The actual 

 expenditures under these heads for each year since the foundation of the 

 Institution are shown in the following table : 



♦This amount includes an investment of $94,722.22 of the surplus cash account in bonds, as follows : 

 $50,000 Northern Pacific-Great Northern 4 per cent joint bonds, Chicago, Burlington and Quincy 



Collateral, July, 1921. 

 $50,000 Lake Shore and Michigan Southern Railway 4 per cent debenture bonds. 



