REPORT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF 

 REGEiNTS OF THE SMITHSO^JIAN IiNSTlTlJTION FOR THE 

 YEAR mmD JU^E 30, 1925 



2'<9 the Board of Regents of the Smithsonian Institution : 



Your executive committee respectfully submits the following re- 

 port in relation to the funds, receipts, and disbursements of the 

 Institution and a statement of the appropriations by Congress for 

 the following Government bureaus in the administrative charge of 

 the Smithsonian Institution : The National Museum, the Interna- 

 tional Exchanges, the Bureau of American Ethnologj^, the National 

 Zoological Park, the Astrophysical Observatory, the International 

 Catalogue of Scientific Literature, and the National Gallery of Art, 

 for the fiscal year ended June 30, 1925. 



SMITHSONIAN INSTITUTION 



Condition of the endowtnent fund July i, 1925 



The sum of $1,000,000, deposited in the Treasury of the United 

 States under act of Congress, is pait of a permanent endowment 

 fund which includes the original Smithson fund and additions 

 accumulated by the deposit of savings and bequests from time to 

 time. Subsequent bequests and gifts and the income therefrom, 

 when so required, are invested in approved securities. The several 

 specific funds so invested are now constituted and classed as follows : 



Consolidated fund 



Avery fund $32, G69. 55 



Virginia Purdy Bacon fund 62,272.93 



Lucy H. Baird fund 1,528.00 



Chamberlain fund 35, 000. 00 



Hamilton fund 500. 00 



Caroline Henry fund 1,223.33 



Hodgkins general fund 37,275.00 



Bruce Hughe.s fund 13,839.90 



Morri.s Loob fund 5,814.00 



Lucy T. and George W. Poore fund 14, 183. 14 



Addison T. Reid fund 6,639.16 



Rhees fund 357. 34 



George H. Sanford fund 615.32 



Smithson fund 1. 468. 74 



Total consolidated fund 213,386.50 



Charles D. and Mary Vaux Walcott research fund 11,520.00 



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