Report of the Board 

 of Regents 



Three plenary sessions (on January 24, May 9, and September 

 19), a special meeting on May 25, meetings of the regents' 

 standing committees, and deliberations of their Search Com- 

 mittee for a new secretary marked an extremely active year for 

 the Board of Regents. 



The Board of Regents carried out its most important re- 

 sponsibility in electing the 10th secretary of the Smithsonian, 

 I. Michael Heyman. The Search Committee originally con- 

 sisted of regents Jeannine S. Clark, Barber B. Conable Jr., 

 Hanna H. Gray, Mr. Heyman, and Wesley S. Williams Jr. and 

 regent emeritus William G. Bowen. After getting the search 

 off to a solid start, Mr. Heyman resigned in March to become 

 a candidate for the post himself. With Mr. Conable as chair- 

 man, the committee considered more than 300 candidates and 

 recommended Mr. Heyman. Agreeing that his talents and ex- 

 perience were the best fit for the Smithsonian's needs, the 

 members of the board elected Mr. Heyman on May 25, 1994. 

 Chancellor William H. Rehnquist installed him as secretary 

 in a ceremony in front of the Smithsonian Castle on Septem- 

 ber 19. 



The regents voted to recognize Secretary Robert McC. 

 Adams's outstanding decade of service by presenting to him 

 the Institution's most prestigious award, the James Smithson 

 Medal, and naming him secretary emeritus. 



The board paid tribute to regent William H. Natcher, who 

 died on March 29, 1994, at age 84. A U.S. representative from 

 Bowling Green, Kentucky, for nearly 41 years and chairman of 

 the House Appropriations Committee, Mr. Natcher had been 

 a regent since January 1993. Representative Thomas S. Foley 

 of Washington, Speaker of the House, was appointed to the 

 board on June 29. Frank A. Shrontz and Manuel L. Ibanez 

 were appointed citizen regents on May 4. Anne L. Armstrong, 

 the first woman to serve as a citizen regent and a regent since 

 1978, retired from the board and was named regent emeritus 

 The board approved appointments of Homer A. Neal, 



Ms. Gray, and Dr. Ibanez to the Nominating Committee and 

 Ms. Gray to the Investment Policy Committee. 



The Commission on the Future of the Smithsonian Institu- 

 tion, supported by the Andrew W. Mellon Foundation and the 

 John D. and Catherine T. MacArthur Foundation, met three 

 times during the year. The commission, which was charged with 

 developing a vision for the Smithsonian as it moved into the next 

 cenrury, was to submit a report for the regents' consideration in 

 1995. Commission Chair Maxine F. Singer and other members re- 

 ported on the group's progress at regents' meetings. 



The commission members, who were appointed by the 

 regents, are: Barber B. Conable Jr. , Paul J. DiMaggio, 

 Sandra M. Faber, Henry Louis Gates Jr., Stephen Jay 

 Gould, Robert E. Grady, Na]eeb E. Halaby, Neil Harris, 

 Irene Y. Hirano, Ruth S. Holmberg, Roy M. Huhndorf, 

 Jorge Klor de Alva, William H. Luers, Michael A. Mares, 

 John S. Mayo, Frank Press, Wilbur L. Ross Jr., John C. 

 Sawhill, Lloyd G. Schermer, Maxine F. Singer, 

 Harold K. Skramstad Jr., and R. James Woolsey. 



Ms. Clark represented the Board of Regents at the opening 

 ceremonies for the American Festival '94 in Japan with Secre- 

 tary Adams and Under Secretary Constance B. Newman. 



Smithsonian management believed that if trends toward 

 democracy in South Africa continued, the Institution 

 should lift its restrictions on investment of Smithsonian 

 funds in companies doing business there. The Board of Re- 

 gents delegated authority for the decision to the Executive 

 Committee, and on March 8, 1994, the committee author- 

 ized removing restrictions. 



The Board of Regents authorized the secretary to establish 

 the following institutional endowment funds: quasi-restricted 

 funds to be known as the Holenia Trust Fund II, the Gloria 

 Haas Fellowship Fund, the Smithsonian Fund for the 

 Future — Restricted, the Arthur Ross Garden and Terrace 

 Endowment, the Robert Lane and Mildred Katchmar Lane 

 Endowment, and the Elinor Merrell Endowment as well as a 

 quasi-unrestricted fund to be known as the Smithsonian Fund 

 for the Future — Unrestricted. 



The regents appointed the following individuals to 

 Smithsonian boards: Nancy Marks to the board of trustees of 

 Cooper-Hewitt, National Design Museum; Frederick Brown, 

 Rita Fraad, Richard J. Schwartz, Raymond J. Horowitz, Peter 

 H. Lunder, and Samuel Yanes to the commission of the Na- 

 tional Museum of American Art; Anthony Beilenson, Julie 

 Harris, Ruth S. Holmberg, Bette Bao Lord, Thomas Mellon 

 Evans, R.W.B. Lewis, Barbara Novak, and Robert Morgan to 

 the National Portrait Gallery commission; I. Michael Hey- 

 man, Gilbert Kahn, Quentin R. Lawson, Elmer E. Rasmuson, 

 Alan G. Spoon, and Howard H. Williams to the board of the 

 National Museum of Natural History; and Helen Kuhn, Rob- 

 ert Farns Thompson, Walter E. Washington, Joseph Gold- 

 enberg, and Joseph E. Harris to the commission of the 

 National Museum of African Art. 



The regents discussed the planning for the extension of the 

 National Air and Space Museum at Washington Dulles Inter- 



