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1961-1962 - American Museum of Natural History

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The Men's and Women's Committees, with Mr. Robert G.<br />

Goelet and Mrs. Francis H. Low as Chairmen, had a very successful<br />

year. These two active Committees raised $227,497 in<br />

contributions. Mr. Goelet, having completed his third year as<br />

Chairman <strong>of</strong> the Men's Committee, during which time his Committee<br />

established a new record, is handing the chairmanship<br />

over to Mr. Peter M. Flanigan. Mrs. Low will continue as<br />

Chairman <strong>of</strong> the Women's Committee.<br />

In the twelve-month period ending June 30, <strong>1962</strong>, the combined<br />

sources <strong>of</strong> income <strong>of</strong> the <strong>Museum</strong>, consisting <strong>of</strong> appropriations<br />

from the city, income from endowments, donations,<br />

memberships, sales, and services, totaled $3,510,397. This fell<br />

short by $94,376 <strong>of</strong> meeting the operating costs <strong>of</strong> the <strong>Museum</strong>.<br />

The deficit was made up by our drawing on unrestricted capital<br />

funds. The endowment funds had a book value <strong>of</strong> $31,192,863<br />

and a market value <strong>of</strong> $34,526,497 on June 30, <strong>1962</strong>.<br />

Alexander M. White<br />

8

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