206 ANNUAL REPORT SMITHSONIAN INSTITUTION, 195 6 



FREER GALLERY OF ART FUND 



Early in 1906, by deed of gift, Charles L. Freer, of Detroit, gave 

 to the Institution his collection of Chinese and other Oriental objects 

 of art, as well as paintings, etchings, and other works of art by Whist- 

 ler, Thayer, Dewing, and other artists. Later he also gave funds for 

 construction of a building to house the collection, and finally in his 

 will, probated November 6, 1919, he provided stocks and securities 

 to the estimated value of $1,958,591.42, as an endowment fund 

 for the operation of the Gallery. The fund now amounts to 

 $7,422,474.98. 



SUMMARY OF ENDOWMENTS 



Investment endowment for general purposes $1, 957, 899. 96 



Investment endowment for specific purposes other than Freer 



endowment 2, 262, 213. 47 



Total invested endowment other than Freer 4, 220, 113. 43 



Freer invested endowment for specific purposes 7, 422, 474. 98 



Total invested endowment for all purposes 11, 642, 588. 41 



CLASSIFICATION OF INVESTMENTS 



Deposited in the U. S. Treasury at 6 percent per annum, as au- 

 thorized in the U. S. Revised Statutes, sec. 5591 $1, 000, 000. 00 



Investments other than Freer endowment (cost or market value 

 at date acquired) : 



Bonds $1, 163, 133. 61 



Stocks 1, 982, 829. 93 



Real estate and mortgages 5, 891. 00 



Uninvested capital 68, 258. 89 



3, 220, 113. 43 



Total investments other than Freer en- 

 dowment 4, 220, 113. 43 



Investments of Freer endowment (cost or mar- 

 ket value at date acquired) : 



Bonds_._ $4, 242, 034. 31 



Stocks 2, 973, 956. 30 



Uninvested capital 206, 484. 37 



7, 422, 474. 98 



Total investments 11, 642, 588. 41 



