20 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1963 



Athertoii Seidell. Laura D. Barney has also been most generous to 

 the Institution during this period, and she and her sister, Natalie C. 

 Barney, gave the Smithsonian the Barney Studio House in 

 Washmgton. 



At the begimiing of this period (June 30, 1952) the book value of 

 the miexpended funds and endowments of the Smithsonian was 

 $11,138,392. As indicated in the financial statement on a later page 

 of this report, this sum has now reached a total of $22,534,920. The 

 market value of the securities and assets of the endowment funds of 

 the Smithsonian at the end of the period is in excess of $25,000,000. 

 The income from the many funds that make up this total is expended 

 according to the directions of the donors of the funds. 



During the decade Federal funds for building and for plannuig 

 buildings have been j^rovided to the Smithsonian to a total of 

 $61,012,000. At the beginnmg of the period the annual appropriation 

 for the basic expenses of the operation of all the bureaus of the Smith- 

 sonian Institution (except the National Gallery of Art and the Na- 

 tional Zoological Park, which have separate budgets) was $2,553,200. 

 The appropriation for these same parts of the Institution for the fiscal 

 year 1964 is $13,124,000. At the start of the decade the annual op- 

 erating appropriation for the National Zoological Park was $620,800. 

 The appropriation for this part of the Institution for fiscal year 1963 

 was $1,470,200. Capital appropriations for the National Zoological 

 Park in this period, in addition to operating funds, have been $2,550,- 

 000. The budget of the National Gallery of Art, which is admin- 

 istered separately from the Smithsonian Institution as a whole, was 

 $1,240,000 at the start of the decade, and the appropriation for 1964 

 for this unit was $2,138,000. Gifts and grants for research projects 

 and other specific purposes, exclusive of appropriated funds and all 

 for the particular purposes specified by donors or grantors, have totaled 

 $32,489,471 in the decade under consideration. 



It can be said with assurance, as the progress of the decade 1953- 

 63 is reviewed, that the Smithsonian's donor, James Smithson, planned 

 well when he directed that his Institution should concern itself with 

 the great and related humanitarian functions of the increase and the 

 diffusion of knowledge among men. 



THE ESTABLISHMENT 



The Smithsonian Institution was created by act of Congress in 

 1846, in accordance with the terms of the will of James Smithson, of 

 England, who in 1826 bequeathed his property to the United States 

 of America "to fomid at Washmgton, under the name of the Smith- 

 sonian Institution, an establishment for the increase and diffusion of 

 knowledge among men." In receiving the property and accepting the 



