g6 Report of the President 



The Trustees' Permanent Endowment consists of the Gen- 

 eral Endowment Fund, the income of which is unrestricted, 



™ , „ and three restricted funds: the Morris K. 



Trustees Permanent 



Endowment Account J esu P Fund > the M *tilda W. Bruce Fund 

 and the Jonathan Thorne Memorial Fund, 

 the income from which can be used only for certain stated 

 purposes. 



The capital of the General Endowment Fund is $1,206,- 

 627.10, and from its income must be met the cost of general 

 administration. 



The present capital of the Morris K. Jesup Fund is 

 $3,962,523.80, and the income must be applied to the scien- 

 tific administration of the Museum and not to maintenance. 

 Ultimately the capital of the Morris K. Jesup Fund will be 

 more than $6,000,000, and will provide for the scientific devel- 

 opment of the Museum. The Matilda W. Bruce Fund of 

 $11,000 is a special endowment for the Department of Min- 

 eralogy. Its income can be applied only to enriching the 

 mineral collections. The Jonathan Thorne Memorial Fund, 

 the bequest of Phebe Anna Thorne, is a special endowment to 

 provide for the education of the blind. 



The sum actually appropriated by the City for maintenance 

 in 1915 was $200,000, and this sum has been disbursed in the 



_ -„. City Maintenance Account. The operating 



City Maintenance J ,.,-,, , , • , 



Account expenses of the Museum have been consider- 



ably greater than this amount, and mainte- 

 nance charges of $57,000 have been paid by the Trustees 

 out of the general income. 



The receipts in the General Account are considerably 



_ , _ '. greater than ever before. This is 



Trustees General Account ° , , . , , . . 



due largely to the added income from 



the Morris K. Jesup Fund. The important items of income are : 



Income from General Endowment $57,112 85 



Income from Morris K. Jesup Fund 117,473 44 



Annual and Sustaining Members 28,690 00 



Personal Contributions of Trustees 38,500 00 



