Smithsonian Institution 

 Report of the Chief Final 



363 

 25 



SMITHSONIAN INSTITUTION 



Notes to Financial Statements 



September 30, 2000 



($ millions) 



(6) Investments 



Investments consisted of the following at September 30, 2000: 



Short-term investments: 

 Cash equivalents 

 U.S. Government obligations 



Endowment and similar investments: 

 Pooled investments: 

 Cash equivalents 



U.S. Government and agency obligations 

 Corporate bonds and other obligations 

 Common and preferred stocks 



Total pooled investments 742.5 



Nonpooled investments: 



Deposits with U.S. Treasury 1.0 



23.1 

 80.3 



103.4 



6.4 



7.5 



219.3 



509.3 



Total endowment and similar investments 743.5 



Gift annuity program investments: 



Cash equivalents 0.1 



Corporate bonds and other obligations 0.8 



Common and preferred stocks 2.0 



2.9 



Total investments $ 849.8 



At September 30, 2000, short-term investments include $25.1 in unexpended proceeds from long-term 

 debt to be used for specific facilities. 



Investments are professionally managed by outside investment organizations, subject to direction and 

 oversight by a committee of the Board. The Board has established investment policies and guidelines 

 which cover asset allocation and performance objectives and impose various restrictions and 

 limitations on the managers. These restrictions and limitations are specific to each asset classification 

 and cover concentrations of credit risk, credit quality of fixed-income and short-term investments, 

 investments in foreign securities and various other matters. 



Investment income consisted of the following for fiscal year 2000: 



Dividend and interest income 

 Net realized and unrealized gain 

 Investment management fees 



Net investment income 



24.5 

 83.6 

 (1.4) 



106.7 



