REPORT OF THE EXECUTIVE COMMITTEE 237 
finally in his will, probated November 6, 1919, he provided stocks and 
securities to the estimated value of $1,958,591.42, as an endowment 
fund for the operation of the Gallery. The fund now amounts to 
$8,902,456.42. 
SUMMARY OF ENDOWMENTS 
Invested endowment for general purposes_____________-_-_____ $2, 294, 725. 03 
Invested endowment for specific purposes other than Freer en- 
GOWMCIG Ss Sh a ee ee ee eee 2, 363, 911. 75 
Total invested endowment other than Freer__-________~ 4, 658, 636. T8 
Freer invested endowment for specific purposes______.-________ 8, 902, 456. 42 
Total invested endowment for all purposes____________ 138, 561, 093. 20 
CLASSIFICATION OF INVESTMENTS 
Deposited in the U.S. Treasury at 6 percent per annum, as au- 
thorized in the U.S. Revised Statutes, sec. 5591______________ $1, 000, 000. 00 
Investments other than Freer endowment (cost or market value 
at date acquired) : 
ES OT Se ae oe ee eet eae eee $1, 498, 643. 09 
Stocks po 22 oe Seok BE eA Oe 2, 142, 849. 59 
Real estate and mortgages_____________ 5, 756. 00 
Uninvested capitala = 22222 ee 11, 388. 10 
(a 3, 658, 636. 78 
Total investments other than Freer endowment_______ 4, 658, 636. 78 
Investments of Freer endowment (cost or market value at 
date acquired) : 
Bonds 22 2 2). Senne ey ke ee eee ees $5, 258. 223. 18 
STOCKS fete ete a oe es ee ee ea ee ee 3, 642, 181. 72 
Uninvested) capital==—— 2, 051. 52 
a 8, 902, 456. 42 
Totalpinvestments= 52 ee ee a ee hee eee 13, 561, 093. 20 
ASSETS 
Cash: 
United States Treasury cur- 
rent accounte-—--2=--- = $1, 317, 923. 50 
In banks and on hand_____- 318, 988. 41 
1, 631, 861. 91 
Less uninvested endowment 
SUTTA Serer Cee She wee a 13, 489. 62 
$1, 618, 422. 29 
raveloand Other advancese = as eee 4, 426. 77 
Cash invested (U.S. Treasury notes) _-------__- 1, 328, 878. 18 
—_—_____—__—_——_ $2, 951, 727. 24 
