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Smithsonian Institution 1365 

of the two main endowments of the Smithsonian Institution. This is as follows: 

Consolidated Fund

Book value of investments, July 1, 1923 ---------------------$177,965.28

Additions to investments 1923-1952
-Gifts, bequests & miscellaneous-- 1,300,019
-Reinvestments of income ----------- 517,275
-Gains from sales of securities ---- 307,859

Book value of investments, December 31, 1952 -------------- 2,303,118.89

Cash not invested -------------------------------------------- 39,659.11

Total ----------------------------------------------------- 2,342,778.00

Market value, December 31, 1952 --------------------------- 2,794,293.00
Gains on securities now owned ------------------------------- 451,515.00
Profit on securities sold during 1952 ---------------------- $127,509.92

Freer Fund 

Original book value ------------------------------------- $ 1,958,591.42
Present book value ---------------------------------------- 6,762,239.17
Gain in book value ---------------------------------------- 4,803,647.75 
Market value, December 31, 1952 --------------------------- 8,382,618.00 
Gain on securities now owned ------------------------------ 1,620,378.83
Profit on securities sold during 1952 ---------------------- $140,052.49