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-51- [[underlined]] Fund-Raising Efforts [[/underlined]] The Secretary reported that as of July 31, 1982, a total of $27.4 million has been raised or committed toward the nonfederal fund-raising goal of $37.5 million. A breakdown of these funds by source follows: [[4 column table]] ($1,000's) [[headings are underlined]] [[funds source]] | Funds in Hand | Pledges and Commitments | Total Foreign Governments |$ 2,000 | $5,000 | $7,000 Foreign Corporations | 165 | 485 | 650 U. S. Corporations | 311 | 615 | 926 Individuals & Foundations | 621 | 5,064 | 5,685 Smithsonian Unrestricted Funds | 4,835 | 4,820 | 9,655 Earned Interest | 1,496 | - | 1,496 Sale of Capitol Hill Property | - | 2,000 | 2,000 [[line under each columns]] Totals | $ 9,428 | $17,984 | $27,412 Pledges from corporations, individuals and foundations, totaling $5,714,000 are in writing and an additional $450,000 has been pledged orally by several current and past members of the National Associates Board; there is little doubt that they will be honored in full. The largest portion, $4 million, represents Dr. Sackler's commitment to the gallery. Pledges from foreign corporations, all of which are Japanese, total $485,000. Of this amount, some $220,000 has in fact been paid by the corporations to a Tokyo bank account and will be made available to the Smithsonian this month, or soon thereafter, by the Japan Foundation. The Institution still anticipates the announcement of a major pledge from the Middle East. The commitment from Smithsonian unrestricted funds has been reflected for several years in the [[underline]] Five-Year Prospectus [[/underline]], which continues to project the Institution's ability to set aside these funds in FY's 1983-85 without impairment to ongoing programs; also included in the sum is a further $120,000 expected as an annual allotment from awards by the James Smithson Society of the National Associates. Finally, an estimate of
Transcription Notes:
Reviewed