General and Scientific Endowment 35 



Bequest of Louisa Combe : The Museum is designated as 

 residuary legatee. The estimated value of the Museum's 

 interest in the estate is from $50,000 to $75,000. There 

 is a possibility that the Museum will receive approximately 

 $5,000 on account in 1920. 



Bequest of Margaret Olivia Sage: The Museum is en- 

 titled to two shares of the residuary estate, which have an 

 estimated value of from $1,500,000 to $1,700,000. The ex- 

 ecutors expect to make a substantial payment on account 

 of this legacy in 1920. 



Bequest of A. D. Juilliard : Under the will of Mr. A. D. 

 Juilliard, the Museum is to receive $100,000. The Assistant 

 Secretary has signed the necessary papers to exempt the 

 Museum from the Inheritance Tax. 



Bequest of Fanny Bridgham : Under the will of Mrs. 

 Fanny Bridgham, who became a Life Member of the 

 Museum in 1912, and who died October 23, 1919, the 

 Museum is to receive an unconditional bequest of $15,000. 



Many of these recent bequests have come as a surprise to the 

 Trustees, without our solicitation or suggestion. They consti- 

 tute a striking manifestation of the firm hold which the 

 Museum has gained on the confidence and affections of the 

 people of our city. 



Educational and living costs have doubled within the last 

 ten years. Our total annual budget for our public educa- 

 tional work in the broadest sense has risen 

 Doubled from $244,240.17 in 1907, the last year of Mr. 



Operation Jesup's administration, to $774,899.29, our 

 budget for 1920. 



The size of the building and the maintenance work re- 

 main virtually the same, yet the operating and maintenance 

 costs have risen from $186,828.52 in 1907, to $359,902.79, the 

 maintenance budget for 1920. For the combined years 1919 

 and 1920 we face a deficiency of $106,401.08, incurred in op- 

 eration and maintenance, that is, in the purely public educa- 

 tional side of the Museum administration, with all the exhi- 

 bition halls open free to the public every day in the year. 



