158 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1951 



Investments at book value other 

 than Freer: 



Stocks and bonds $2, 085, 730. 27 



Real-estate and mortgage 



notes 15, 735. 87 



Uninvested capital 37, 559. 16 



Special deposit in U. S. 

 Treasury at 6 percent 



interest 1, 000, 000. 00 



$3, 139, 025. 30 



$9, 752, 535. 79 



10, 766, 496. 65 



UNEXPENDED FUNDS AND ENDOWMENTS 



Unexpended funds: 



Income from Freer Gallery of Art endowment $411, 474. 66 



Income from other endowments: 



Restricted $206, 749. 64 



General _ 124, 014. 09 



330, 763. 73 



Gifts and grants 271, 722. 47 



1, 013, 960. 86 

 Endowment funds: 



Freer Gallery of Art $6, 613, 510. 49 



Other: 



Restricted $1, 411, 471. 49 



General 1,727, 553. 81 



3. 139, 025. 30 



9, 752, 535. 79 



10, 766, 496. 65 



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 those deposits amounted to $637.64. 



In many instances, dei)Osits are made in banks for convenience in 

 collection of checks, and later such funds are withdrawn and de- 

 posited 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 foregoing report relates only to the private funds of the 

 Institution. 



The Institution gratefully aclmowledges gifts from the following: 



Laura D. Barney, to establish Alice Pike Barney Memorial Fund, for the mainte- 

 nance and increase of the Alice Pike Barney collection of paintings and pastels 

 and for the encouragement of American artistic endeavor. 



Estate of George H. Stephenson, for securing bust of Brig. Gen. William L. 

 Mitchell. 



