140 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1933 



FREER GALLERY OF ART FUND 



Early in 1906, by deed of gift, Charles L. Freer, of Detroit, gave to 

 the Institution his collection of Chinese and other oriental objects of 

 art, as well as paintings, etchings, and other works of art by Whistler, 

 Thayer, Dewing, and other artists. Later he also gave funds for the 

 construction of a building to house the collection, and finally, in his 

 will, probated November 6, 1919, he provided stock and securities to 

 the estimated value of $1,958,591.42 as an endowment fund for the 

 operation of the gallery. From the above date to the present time 

 these funds have been increased by stock dividends, savings of income, 

 etc., to a total of $4,736,907.59. In view of the importance and 

 special nature of the gift and the requirements of the testator in 

 respect to it, all Freer funds are kept separate from the other funds 

 of the Institution, and the accounting in respect to them is stated 

 separately. 



The invested funds of the Freer bequest are classified as foUows: 



Court and grounds fund $530, 719. 72 



Court and grounds maintenance fund 133, 392. 99 



Curator fund 540, 030. 57 



Residuary legacy 3, 532, 764. 31 



Total - 4, 736, 907. 59 



SUMMARY 



Invested endowment for general purposes $1, 121, 938. 03 



Invested endowment for specific purposes other than Freer en- 

 dowment 706, 835. 18 



Total invested endowment other than Freer endowment.. 1, 828, 773. 21 

 Freer invested endowment for specific purposes 4, 736, 907. 59 



Total invested endowment for all purposes 6, 565, 680. 80 



CLASSIFICATION OF INVESTMENTS 



Deposited in the United States 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 (20 diflferent groups) $368, 873. 4 1 



Stocks (36 different groups) 430, 252. 66 



Real estate first-mortgage notes 16, 750. 00 



Uninvested capital 12, 897. 14 



828, 773. 21 



Total investments other than Freer endowment 1, 828, 773. 21 



Investments of Freer endowment (cost or market 

 value at date acquired): 



Bonds (48 diflferent groups) $2, 275, 487. 44 



Stocks (37 diflferent groups) 2, 371, 085. 15 



Real estate first-mortgage notes 58, 500. 00 



Uninvested capital 31, 835. 00 



4, 736, 907. 59 



Total investments 6, 565, 680. 80 



