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Highlights of the Smithsonian Institution's 

 Financial Position 



Overview of Financial Data 



The Smithsonian Institution receives funds from both federal appropriations and 

 nonappropriated sources. Nonappropriated sources are referred to as "trust funds" and are 

 made up of income received or earned from sources other than direct federal appropriations. 

 Included are gifts and grants from individuals, corporations, and foundations; grants and 

 contracts from federal, state, and local government agencies; earnings from short- and long- 

 term investments; revenue from membership programs; and revenue from business 

 activities, such as magazines, museum stores and restaurants, catalogues, and licensed 

 products. 



Federal appropriations provide funding for the Smithsonian Institution's core functions: 

 caring for and conserving the national collections; sustaining basic research on the 

 collections and in selected areas of traditional and unique strength; educating the public 

 about the collections and research findings through exhibitions and other public programs; 

 and conducting basic and applied research and carrying out educational programs. Federal 

 appropriations also fund most activities associated with maintaining and securing 

 Smithsonian Institution facilities and administrative and support services. 



Smithsonian Institution trust funds allow the Smithsonian to enrich its programs in ways 

 that would not otherwise be possible. Trust funds are categorized as general trust funds 

 (identified as unrestricted in the financial statements) and donor-designated trust funds 

 (identified as restricted in the financial statements). There are no restrictions that limit how 

 general trust funds can be used. Donor-designated funds provide support for specific 

 programs and projects designated by the donor. Such programs and projects might extend 

 across the entire Smithsonian Institution or be limited to a single museum. 



Approximately 64 percent of the Smithsonian Institution's assets are trust funds. These 

 amounts are shown in the Smithsonian Institution's Principal Financial Statements and 

 Financial Statement Notes, which appear beginning on page 13. Other accompanying 

 information on the Smithsonian Institution's investments is included beginning on page 35. 

 The Statement of Financial Position for fiscal year 2000 presented on page 13 reflects total 

 federal and trust assets of $2,077 billion, a 1 9 percent increase over the previous fiscal year. 



Where the revenue comes from. . . 



Total operating revenue for the Smithsonian Institution for fiscal year 2000 was 

 S946.9 million. Total operating revenue is defined as funds earned by the Smithsonian 



