REPORT OF THE EXECUTIVE COMMITTEE 265 

 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 Wliis- 

 tler, 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 $10,596,154.61. 



SUMMARY OF ENDOWMENTS 



Invested endowment for general purposes $2, 610, 782. 90 



Invested endowment for specific purposes other than Freer 

 endowment 2, 879, 087. 56 



Total invested endowment other than Freer 5, 489, 870. 46 



Freer invested endowment for specific purposes 10, 596, 154. 61 



Total invested endowment for all purposes 16, 086, 025. 07 



CLASSinCATION 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 marlset value at date acquired : 



Bonds $1,640,161.47 



Stocks 2, 721, 044. 83 



Real estate and mortgages 115,006.00 



Uninvested capital 13, 658. 66 4, 489, 870. 46 



Total investments other than Freer endowment 5, 489, 870. 46 



Investments of Freer endowment (cost or mar- 

 ket value at date acquired) : 



Bonds $5,480,542.36 



Stocks 5, 114, 287. 57 



Uninvested capital 1,324.68 10,596,154.61 



Total investments 16, 086, 025. 07 



