226 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1958 
FREER GALLERY OF ART FUND 
Early in 1906, by deed of gift, Charles L. Freer, of Detroit, gave 
to the Institution his collection of Chinese and other Oriental objects 
of art, as well as paintings, etchings, and other works of art by 
Whistler, Thayer, Dewing, and other artists. Later he also gave 
funds for construction of a building to house the collection, and 
finally in his will, probated November 6, 1919, he provided stocks 
and securities to the estimated value of $1,958,591.42, as an endow- 
ment fund for the operation of the Gallery. The fund now amounts 
to $8,118,055.02. 
SUMMARY OF ENDOWMENTS 
Invested endowment for general purposes______________________ $2, 081, 735. 18 
Invested endowment for specific purposes other than Freer 
CANS Ka ky gt 5) 0 eer lege a pain GP a EN Fh ll le epilator e rhs toe 2, 474, 344. 68 
Total invested endowment other than Freer___________ 4, 556, 079. 86 
Freer invested endowment for specific purposes________________ 8, 118, 055. 02 
Total invested endowment for all purposes__.________ 12, 674, 134. 88 
CLASSIFICATION OF INVESTMENTS 
Deposited in the U.S. Treasury at 6 percent per annum, as 
authorized in the U.S. Revised Statutes, see. 5591__________ $1, 000, 000. 00 
Investments other than Freer endowment (cost or market value 
at date acquired) : 
OBO) 01 0 (<i eae desiree te Wiel SRR, Ne DER Sie a Red $1, 189, 444. 34 
StOGhS soe ety ee ce el ee ened 28 reat 2, 328, 183. 81 
Real estate and mortgages_________________ 5, 801. 00 
WUninvested capitals = esses sean Seaee eee anne 32, 650. 71 
—_—_———_————_ 3, 556, 079. 86 
Total investments other than Free endowment___...____ 4, 556, 079. 86 
Investments of Freer endowment (cost or market 
value at date acquired) : 
1B ONS Os a ee ke Sree $4, 597, 684. 90 
Stocks Wulhs OS be See are ones oh Fs Em Poa hak 3, 504, 511. 46 
Oninvestedeicapitales aces kee 15, 858. 66 
8, 118, 055. 02 
‘Totalein Vestinents 22s ee ee 12, 674, 134. 88 
