EEPORT OF THE EXECUTIVE COMMITTEE 151 



his will, probated November 6, 1919, he provided stock and securities 

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

 the operation of the gallery. In view of the importance and special 

 nature of the gift and the requirements of the testator in respect to it, 

 all Freer funds are kept separate from the other funds of the Institu- 

 tion, and the accounting in respect to them is stated separately. 



Original endowment for expenses of gallery $1, 958, 591. 42 



Total capital gain from investment of savings from income 410, 381. 31 



Total capital gain from stock dividends, sale, etc., of securities 2, 931, 950. 77 



Total capital as per last report $5, 236, 054. 02 



Capital gain from investment of savings from in- 

 come during year ended June 30, 1930 11, 002. 60 



Capital gain from stock dividends, sale of securi- 

 ties, etc., during year ended June 30, 1930 53, 272. 88 



Total Freer endowment for specific pur- 

 poses ._. 5,300,929.50 5,300,929.50 



BClfMART 



Invested endowment for general purposes 1, 033, 789. 85 



Invested endowment for specific purposes other than Freer en- 

 dowment 636, 792. 55 



Total invested endowment other than Freer endowment.. 1, 670, 582. 40 

 Freer invested endowment for specific purposes 5, 300, 929. 50 



Total invested endowment for all purposes 6, 971, 511. 90 



CLASSIFICATION OF INVESTMENTS 



Deposited in the United States Treasury at 6 per cent per annum 

 as authorized in the United States Revised Statutes, section 



5591 _ 1,000,000. 00 



Investments other than Freer endowment: 



Bonds $252, 024. 05 



Stocks 403, 100. 20 



Real estate first-mortgage notes 15, 000. 00 



Uninvested capital 457. 55 



670, 582. 40 



Total Investment* other than Freer endowment 1, 670, 582. 40 



Investments of Freer endowment: 



Bonds $2,814,767. 12 



Stocks.. 2, 407, 004. 50 



Real estate first-mortgage notes 76, 500. 00 



Uninvested capital 1, 997. 88 



5, 300, 929. 50 



Total investments 6, 971, 611. 90 



