REPORT OF THE EXECUTIVE COMMITTEE 159 



Receipts from Freer endowment: 



Income from investments $296, 293. 08 



Total receipts from Freer endowment $296, 293. 08 



Total 1, 128,518.22 



Disbursements other than Freer endowment: 



Administration _ $49, 172.30 



Publications 40, 605. 33 



Library 4,272. 10 



Custodian fees and similar incidentals 3, 372. 70 



Miscellaneous 442. 43 



Researches 182, 304. 45 



S. I. Retirement System 3, 728. 28 



U. S. Govt, and other contracts (net) 9, 618. 65 



Purchase and sale securities (net) 50, 540. 69 



Payroll withholdings and refunds of advances 



(net) 3, 729. 13 



Total disbursements other than Freer endowment 347, 846. 06 



Disbursements from Freer endowment: 



Salaries $83,214. 19 



Purchases for collections 155, 900. 00 



Custodian fees and similar incidentals 12, 578. 48 



Miscellaneous ___ 43, 540. 86 



Purchase and sale of securities (net) 5, 690. 11 



Total disbursements from Freer endowment 300, 923. 64 



Investment of current funds in U. S. Bonds 100, 098. 39 



Total disbursements 748, 868. 09 



Cash balance June 30, 1950 379, 650. 13 



Total 1, 128, 518. 22 



ASSETS 

 Cash: 



United States Treasury current 



account $266, 007. 26 



In banks and on hand 113, 642. 87 



379, 650. 13 

 Less uninvested endowment funds. 72, 713. 96 



$300, 936. 17 



Travel and other advances 24, 910. 28 



Cash invested (U. S. Treasury Notes) 602,953. 13 



$934, 799. 58 



Investments — at book value: 

 Endowment funds: 



Freer Gallery of Art: 



Stocks and bonds $6, 393, 059. 96 



Uninvested capital. ._ 27, 751. 57 



6, 420, 811. 53 



