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ANNUAL REPORT
For the Year Ending May 1, 1917

OF THE BOARD OF TRUSTEES
OF THE MUSEUM OF THE AMERICAN INDIAN,
HEYE FOUNDATION
to
GEORGE G. HEYE, GRANTOR.
In Compliance with the Provisions of Subdivision 10 of Article III of the Foundation Deed, Dated May 10, 1916

The Museum of the American Indian, Heye Foundation, was founded on May 10th, 1916, by the execution and delivery of the foundation deed made by George Gustav Heye to F. Kingsbury Curtis, Frederic K. Seward and William S. Lare, as trustees. On May 19th, 1916, Archer Milton Huntington and Helen Huntington, his wife, deeded to the Board of Trustees of the institution, the site for the museum building of the northwest corner of 155th Street and Broadway, New York City. The financial future of the institution was provided for through an agreement of guarantee made under the terms of which Mr. Heye guaranteed an endowment fund of $400,000. and pending the furnishing of said endowment fund the receipt of net income of $20,000. per year. Mr. Heye further gave his bond in the penal sum of $400,000. conditioned upon his fulfillment of the terms of the said guarantee agreement.
The following subscriptions were made to the building fund of the museum:
[[Table with headings NAME / FIRST SUBSCRIPTION MAY 10TH, 1916 / SECOND SUBSCRIPTION JANUARY 11TH, 1917]]
George G. Heye       $100,000.00
James B. Ford        $100,000.00      $13,192.85
Harmon W. Hendricks  10,000.00        13.192.85
F. Kingsbury Curtis  2,500.00         3,348.22
Minor C. Keith                        5,357.14
Archer M. Huntington                  2,008.94
                     212,500.00       37,500.00
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