198 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1957 



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 Whis- 

 tler, 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 endowment fund for the 

 operation of the Gallery. The fund now amounts to $7,915,270.67. 



SUMMARY OF ENDOWMENTS 



Invested endowment for general purposes $1, 977, 818. 58 



Invested endowment for specific purposes other than Freer 

 endowment 2, 341, 389. 23 



Total invested endowment other than Freer 4,319,207.81 



Freer invested endowment for specific purposes 7, 915, 270. 67 



Total invested endowment for all purposes 12, 234, 478. 48 



CLASSIFICATION OF INVESTMENTS 



Deposited in the U. S. Treasury at 6 percent per annum, as 



authorized in the U. S. Revised Statutes, sec. 5591 $1, 000, 000. 00 



Investments other than Freer endowment (cost or market value 

 at date acquired) : 



Bonds $1, 270, 497. 53 



Stocks 2, 023, 334. 66 



Real estate and mortgages 5, 846. 00 



Uninvested capital 19, 529. 62 



3, 319, 207. 81 



Total investments other than Freer endowment 4, 319, 207. 81 



Investments of Freer endowment (cost or market value at date 

 acquired) : 



Bonds $4, 829, 318. 79 



Stocks 3, 085, 059. 87 



Uninvested capital 892. 01 



7, 915, 270. 67 



Total investments 12, 234, 478. 48 



ASSETS 

 Cash: 



United States Treasury cur- 

 rent account $1,541,981.31 



In banks and on hand 362, 090. 88 



1, 904, 072. 19 



