REPORT OF THE EXECUTIVE COMMITTEE 231 



EXHIBIT D 



PRIVATE FUNDS 



STATEMENT OF CHANGES IN PRINCIPAL OF ENDOWMENT FUNDS AND FUNDS 

 FUNCTIONING AS ENDOWMENT 



Year ended June 30, 1961 



Balance at beginning of year $13, 771, 652. 40 



Add: 



Gifts and bequests (including transfer 



of Ganson Taggart Fund) $30, 849. 67 



Income added to principal as prescribed 



by donor 9, 116. 16 



Net gain on investments 781,499.31 821,465.14 



Total 14, 593, 117. 54 



Deduct amounts appropriated to current 

 funds for retirement payments 556. 82 



14, 592, 560. 72 

 Balance at year end consisting of: 



Unrestricted $2, 429, 459. 09 



Restricted for: 



Freer Gallery of Art 9, 721, 210. 13 



Other collections and research 2, 441, 891. 50 



14, 592, 560. 72 



The practice of maintaining savings accounts in several of the 

 Washington banks and trust companies has been continued during 

 the past year, and interest on these deposits amounted to $12,593.72. 



Deposits are made in banks for convenience in collection of checks, 

 and later such funds are withdrawn and deposited in the United 

 States Treasury. Disbursement of funds is made by check signed by 

 the Secretary of the Institution and drawn on the United States 

 Treasury. 



The Institution gratefully acknowledges gifts and grants from the 

 following : 



Academic Press Co., contribution to the Rathbun Memorial Fund. 



Edward D. Adler, contribution to the Smithsonian Institution. 



American Cocoa Research, grant to help defray costs of art work m connection 

 with the publication of a Taxonomic Monograph of the Genus Theobroma by 

 Dr. Jose Cuatrecasas. 



American Petroleum Institute, grant-in-aid toward the establishment of a per- 

 manent exhibit and animated petroleum map in the United States National 

 Museum. 



American Petroleum Institute, grant to cover expenses of Dr. G. Arthur Cooper 

 in connection with hia participation in the Geology Domain Committee 

 Symposium to be held in Houston, Texas. 



625325— G2 16 



