158 A(NNTJAL REPORT SMITHSONIAN INSTITUTION, 1950 



The above fund of Mr. Freer was almost entirely represented by 

 20,465 shares of stock in Parke, Davis & Co. As this stock advanced 

 in value, much of it was sold and the proceeds reinvested so that the 

 fund now amounts to $6,420,811.53 in selected securities. 



SUMMARY OF ENDOWMENTS 



Invested endowment for general purposes $1, 717, 006. 59 



Invested endowment for specific purposes other than Freer 



endowment 1, 386, 989. 46 



Total invested endowment other than Freer endowment- _ 3, 103, 996. 05 

 Freer invested^endowment for specific purposes 6, 420, 811. 53 



Total invested endowment for all purposes 9, 524, 807. 58 



CLASSIFICATION OF INVESTMENTS 



Deposited in the U. S. 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 $747, 993. 56 



Stocks 1, 251, 101. 70 



Real estate and first-mortgage notes 59, 938. 40 



Uninvested capital 44, 962. 39 



2, 103, 996. 05 



Total investments other than Freer endowment 3, 103, 996. 05 



Investment of Freer endowment (cost or market 

 value at date acquired) : 



Bonds $3, 539, 132. 19 



Stocks 2, 853, 927. 77 



Uninvested capital 27, 751. 57 



6,420,811.53 



Total investments 9, 524, 807. 58 



CASH BALANCES, RECEIPTS, AND DISBURSEMENTS DURING FISCAL 



YEAR 1950 » 



Cash balance on hand June 30, 1949 $530, 330. 73 



Receipts, other than Freer endowment: 



Income from investments $156, 125. 11 



Gifts and contributions 77, 703. 66 



Sales of publications 34,488. 82 



Miscellaneous 31, 538. 15 



Proceeds from real-estate holdings 2, 038. 67 



Total receipts other than Freer endow- 

 ment 301, 894. 41 



1 This statement does not include Government appropriations under the administrative charge of the 

 Institution. 



