43 



new and increased taxes, tlie institution itself is taxed, however 

 indirect may l)e the metliod. And tin's tax is, of necessity, passed 

 on to the employees of the institution, in reduced compensation, 

 and in reduced expenditures for educational activities. Since 1929 

 the Garden has closed every year with a balanced budget, but this 

 has been possible only by reducing all expenditures, including 

 wages and salaries, in harmony with an annual budget that has 

 decreased from $228,867.00 in 1930 to $184,820.09 ' in 1938, with 

 a low for the period of $155,456.00 in 1933. 



The need of more nearly ade(|uate financial support has never 

 been more serious than now. As a rule, people contribute only 

 to those institutions in which they have confidence, and confidence 

 is based on accomplishments which are indications of ideals and 

 efficiency of administration. Peo])le have, from the beginning, 

 given generously to the Brooklyn P^jtanic Garden, for its own 

 sake and from civic interest. A com])elling reason for contributing 

 to the Garden is because it afl'ords an effective channel for con- 

 tributing to the most urgent needs of civilization, namely, the 

 advancement of knowledge and education and civic betterment. 



Public and Private Punds, 1938 



The total operating budget for the year 1938 was as follows, 

 with comparison for 1937 : 



1937 1938 Change 



Tax Budget $ 89,457.75 % 96,125.20 $ 6,667.45 Inc. 



Private Funds 90,066.71 123,694.89 33,628.18 Inc. 



Totals $179,524.46 $219,820.09 $40,295.63 Inc. 



For the past eight }'ears the percentages of the two budgets 

 have been as follows : 



1931 1932 1933 1934 1935 1936 1937 1938 

 Tax Budget. .. .48% 50% 47.2% 49.2% 48.3% 49.1% 49.8% 43.73% 

 Private Funds— 52% 50% 52. 8%^ 50.8%o 51.7% 50.9%o 50.2% 56.27% 



1 Exclusive of bequests and gifts totaling $35,000 for permanent improve- 

 inents. 



