156 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1951 



The above fund of Mr. Freer was almost entirely represented by 

 20,465 shares of stock in Parke, Davis & Co. As this stock advanced in 

 value, much of it was sold and the proceeds reinvested so that the fund 

 now amounts to $6,613,510.49 in selected securities. 



SUMMARY OF ENDOWMENTS 



Invested endowment for general purposes — $1, 727, 553. 81 



Invested endowment for specific purposes other than Freer 

 endowment 1, 411, 471. 49 



Total invested endowment other than Freer endowment. _ 3, 139, 025. 30 

 Freer invested endowment for specific purposes 6, 613, 510. 49 



Total invested endowment for all purposes 9, 752, 535. 79 



CLASSIFICATION OF INVESTMENTS 



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



authorized 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 $753, 835. 36 



Stocks 1,331,894.91 



Real estate and first-mortgage notes 15, 735. 87 



Uninvested capital 37, 559. 16 



2, 139, 025. 30 



Total investments other than Freer endowment 3, 139, 025. 30 



Investments of Freer endowment (cost or market 

 value at date acquired) : 



Bonds $3, 771, 391. 04 



Stocks 2, 744, 854. 10 



Uninvested capital 97, 265. 35 



6, 613, 510. 49 



Total investments 9, 752, 535. 79 



CASH BALANCES, RECEIPTS, AND DISBURSEMENTS DURING 

 FISCAL YEAR 1951 » 



Cash balance on hand June 30, 1950 $379, 650. 13 



Receipts, other than Freer endowment: 



Income from investments _ $181, 228. 23 



Gifts and contributions 105, 577. 76 



Sales of publications 54, 417. 31 



Miscellaneous _ 7, 929. 79 



Proceeds from real-estate holdings 31, 780. 02 



U. S. Government and other contracts (net)__ 11, 156. 48 



Payroll withholdings and refunds of advances (net). 2, 409. 60 



Total receipts other than Freer endowment 394, 499. 19 



• This statement does not Include Government appropriations under the administrative charge of the 

 Institution. 



