50 
as follows: Endowment Increment Account, $3,206.15; Ellen Eddy 
Shaw Endowment Fund, $2,140.50; Herbarium Endowment Fund, 
$150.00; Life Membership Fund, $500. 
To restore the loss of $28,658 in annual private funds income, 
ay 
indicated above, it would require the addition to our endowment 
of approximately $818,800.00 at 3.5 per cent. (the present average 
rate on invested funds). If the endowment principal were in- 
creased by one million dollars we should have only the modest 
additional annual income of $6,342 ($181,200 @ 3.5%) to pro- 
vide for the enrichment and expansion of our services in harmony 
with the increased public demand and normal healthy expansion 
since 1929, 
Bequests 
Some of the readers of this Report may be contributors to the 
work of the Botanic Garden. Your contribution may be insured 
in perpetuity by making suitable provision in your will. By such 
a plan the work of the Garden is not crippled by the loss of its 
contributors. Forms of bequest are given on page iv preceding 
the main body of this report. 
I cannot do better than close with the last paragraph from my 
preceding report : 
“Said Professor William Graham Sumner, of Yale University, 
one of the founders of Sociology in America, ‘ Discontent . . . is 
an agency which produces achievement and drives on what we 
call progress.’ We are appropriately discontented.” 
I cherish the fervent hope that this motivating discontent 1s 
felt, as it should be, by the trustees as well as by the executive. 
Respectfully submitted, 
C. Sruart GAGER, 
Director. 
