REPORT OF EXECUTIVE COMMITTEE 

 CONSOLIDATED FUND 



Statement of principal and income for the last 10 years 



123 



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 the construction of a building to house the collection, and 

 finally in his will, probated November 6, 1919, he provided stock and 

 securities to the estimated value of $1,958,591.42 as an endowment 

 fund for the operation of the gallery. From the above date to the 

 present time these funds have been increased by stock dividends, 

 savings of income, etc., to a total of $4,820,777.31. In view of the 

 importance and special nature of the gift and the requirements of the 

 testator in respect to it, all Freer funds are kept separate from the 

 other funds of the Institution, and the accounting in respect to them 

 is stated separately. 



The invested funds of the Freer bequest are classified as follows : 



Court and grounds fund $540, 074. 68 



Court and grounds maintenance fund 135,782.17 



Curator fund 549 539 39 



Residuary legacy 3> 595 ' 331 07 



Total 4) 8 2o, 777. 31 



SUMMARY 



Invested endowment for general purposes $1, 150, 703. 76 



Invested endowment for specific purposes other than Freer en- 

 dowment 836i 590. 91 



Total invested endowment other than Freer endowment 1, 987, 294. 67 



Freer invested endowment for specific purposes 4, 820, 777. 31 



Total invested endowment for all purposes 6, 808, 071. 98 



