236 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1962 



EXHIBIT D 



PRIVATE FUNDS 



STATEMENT OF CHANGES IN PRINCIPAL OF ENDOWMENT FUNDS AND FUNDS 

 FUNCTIONING AS ENDOWMENT 



Year Ended June 30, 1962 



Balance at beginning of year $14, 592, 560. 72 



Add: 



Gifts and bequests (including transfer of 



Johnson Fund) $56,340.53 



Income added to principal as prescribed 



by donor 10, 169. 76 



Net gain on investments 586, 454. 75 652, 965. 04 



15, 245, 525. 76 



Deduct : 



Amount transferred to gifts and grants 



for Roebling Fund 8,548.84 



Amount appropriated to current funds for 



retirement payments 325. 53 8, 874. 37 



15, 236, 651. 39 



Balance at year end consisting of : 



Unrestricted 2, 514, 430. 72 



Restricted for : 



Freer Gallery of Art 10, 089, 088. 74 



Other collections and research 2, 633, 131. 93 



15, 236, 651. 39 



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 $10,986.45. 



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 and later such funds are withdrawn and deposited in the United 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 : 



A. P. Smith Manufacturing Corporation, a gift to the Marine Archeology Fund. 



Academic Press, a contribution to the Rathbun Fund. 



American Cocoa Research Institute, a grant to defray costs of art work in con- 

 nection with a monograph of the genus Theobroma. 



American Council of Learned Societies, a grant for participation in the Inter- 

 national Congress on the Antiquity and Origin of Man in the Americas. 



American Philosophical Society, a grant for support of research on the Okla- 

 homa Seneca Cayuga Indians. 



