286 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1964 



EXHIBIT D 



PRIVATE FUNDS 



STATEMENT OF CHANGES IN PRINCIPAL OF ENDOWMENT FUNDS AND FUNDS 

 FUNCTIONING AS ENDOWMENT 



Year ended June 30, 1964 



Balance at beginning of year $16, 086, 025. 07 



Add: 



Gifts and bequests 1, 211, 648. 50 



Income added to principal as prescribed by donor 10, 596. 00 



Transfer from current fund for investment 1, 370, 621. 19 



Net gain on investments 542,684.43 



19, 221, 575. 19 

 Less: 



Transfer to cover deficit in employees' retirement 



fund $349. 82 



Income paid to income beneficiary as prescribed by 



donor 356. 75 



706. 57 

 Balance at end of year $19,220,868.62 



Balance at end of year consisting of : 



Freer Gallery of Art 10, 987, 835. 34 



Other : 



Restricted 2, 989, 882. 05 



General 5, 243, 151. 23 



$19, 220, 868. 62 



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 these deposits amounted to $7,817.98. 



Deposits are made in banks for convenience in collection of checks, 

 and later such funds are withdrawn and deposited in the United 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 Institution gratefully acknowledges gifts and grants from the 

 following : 



Anonymous, a gift for special purposes. 



Atomic Energy Commission, a grant for research entitled "A Study of the Bio- 

 chemical Effects of Ionizing and Nonionizing Radiation on Plant Metabolism 

 during Development." 



