373 



Other Accompanying Information 



Endowment Funds 



The Smithsonian Institution's objectives for its endowment are: 



• To provide a stable, growing stream of payouts for current expenditures, and 



• To protect the purchasing power of the endowment against inflation. 



Net market value of the Smithsonian Institution endowment increased from $657.3 million 

 for the year ended September 30, 1999, to $741.0 million for the year ended September 30, 

 2000. Additions to the endowment consisted of $1.5 million in new gifts and $5.8 million in 

 internal transfers. The total return for fiscal year 2000 was 15.8 percent. 



Figure 4: Endowment Asset Allocation Percentages at September 30, 2000 



11% 



19% 



39% 



□ Domestic Large Cap = 39% 



I Domestic Small Cap =11% 



□ International = 19% 



D Fixed Income = 31% 



31% 



