Post on 25-Nov-2021
The Report of the Treasurer
^ August 31, 1982, the market value of the invested fundsof the Society was $6,816,506 compared to $5,427,422 at theend of the preceding fiscal year. The carrying value of thesestocks and bonds on August 31,1982, was $6,701,364, whereasa year ago it stood at $5,662,793.
During the past year our portfolio performed well in thegeneral upward movement of the stock market. The total fundexperienced a 16.7 percent gain. (Equities increased 10 per-cent compared to 2.9 percent for the Standard & Poor 500 and8.7 percent for the Dow Jones index; fixed income assets rose26 percent against 34.4 percent for the Salomon Bros, selec-tion. ) A net trading loss of $4,545 was realized in stock markettransactions. Fifty-one percent of the portfolio was invested inequities a year ago and 50 percent on August 31, 1982. Theremainder was in fixed-income securities. The percentage ofincome yielded by our investments for fiscal year 1981-82 was10.7. The investment portfolio continues to be managed in asatisfactory manner by the Fidelity Management Trust Com-pany of Boston.
Support and revenue to the Society from all sources for theyear ended August 31,1982, amounted to $ 1,226,773, whereasexpenses were $1,306,812, resulting in a loss of $80,039. Inaddition, gifts totaling $1,611,070 were made to the endow-ment funds of the Society, and gifts for equipment were used topurchase same at a cost of $320,761. Gifts from members andfriends for annual expenses totaled $85,740.
Bequests to the Society were received from the estates ofJohn E. Langdon, William Davis Miller, Lester J. Cappon,Alice Comstock Brigham, Nathaniel Wheeler, and Robert B.
199
200 American Antiquarian Society
Hitchman. Gifts and pledges obtained for the Isaiah ThomasFund amounted to $1,281,573.
The financial statements of the Society are audited byMcCarthy, Hargrave & Company. The financial statementsare presented in accordance with Audit and Accounting Guide—Audits of Certain J^onprofit Organizations, issued by the Amer-ican Institute of Certified Public Accountants.
Bruce G. DanielsTreasurer
BALANCE S H E E T S
ASSETSCurrent assets:
CashPledges receivableInterest and other receivablesMarketable securities (Notes A and B)
Total current assetsPledges receivable, restricted for:
Endowment fundsPlant fund
Marketable securities for endowment funds(Notes A and B)
Land, buildings, and equipment—at costless accumulated depreciation (Notes A and C)
L I A B I L I T I E S AND F U N D BALANCESCurrent liabilities:
Accounts payableDeferred amounts (Note D) :
UnrestrictedCurrent restrictedPlant
Total current liabilitiesDeferred restricted amounts for plant fund ( Note D )Fund balances (Note E):
UnrestrictedPlantEndowment
August1982
$ 28,429
340,724
117,060
1,009,356
1,495,569
1,068,712
5,692,008
1,870,638
$10,126,927
31,
1981
$ 51,569
288,720
101,916
768,321
1,210,526
263,640
500,000
4,894,472
1,612,839
$8,481,477
39,432 $ 18,942
120256,158
430,385
726,095
769,474
1,870,638
6,760,720
12,133
136,074
256,826
423,975
500,000
786,551
1,612,839
5,158,112
9,400,832 7,557,502$10,126,927 $8,481,477
Tbe accompanying notes are an integral part of the financial statements.
STATEMENTS OF ACTIVITY & CHANGES IN FUND BALANCES
Tear ended August 31,1982 1981
S U P P O R T AND R E V E N U E (Note A)Support:
Annual giving and contributionsGovemment grantsOther gifts and grants
TOTAL SUPPORT
Revenue:Investment and trust fund incomeNet realized gains on unrestricted
fund investmentsOther revenue
% 130,480220,749109,659
460,888
690,038
3,91771..930
$ 181,646187,072143,077
511,795
491,451
123,95391.166
TOTAL REVENUE
TOTAL SUPPORT AND REVENUE
E X P E N S E SProgram services:
Library:Book purchasesConservation, cataloging, and other
Research and publication
TOTAL PROGRAM SERVICES EXPENSES
Supporting services:AdministrationDevelopment office
TOTAL SUPPORTING SERVICES EXPENSES
TOTAL EXPENSES
SUPPORT AND REVENUE OVER ( U N D E R )
EXPENSES BEFORE CAPITAL ADDITIONS
CAPITAL A D D I T I O N SContributions for equipment purchasesContributions to endowment fundsNet realized gains (losses) on endowment
fund investmentsInvestment management fee (Note A)
SUPPORT AND REVENUE OVER EXPENSES
AFTER CAPITAL ADDITIONS
FUND BALANCES, beginning of year (Note E )
FUND BALANCES, end of year (Note E)
765,885
1,226,773
176,271413,591391,714
981,576
235,45289,784
325,236
1,306,812
( 80,039)
320,7611,611,070
( 8,462)
1,923,369
1,843,3307,557,502
$9,400,832
706,570
1,218,365
108,593398,231337,081
843,905
197,78464,421
262,205
1,106,110
112,255
29,175453,223
616,934( 26,042)
1,073,290
1,185,5456,371,957
$7,557,502
The accompanying notes are an integral part of the financial statements.
STATEMENTS OF CHANGES IN FINANCIAL POSITION
Tear ended August 31,1982 1981
SOURCES OF W O R K I N G C A P I T A LSupport and revenue over (under)
expenses before capital additions ($ 80,039) f 112,255Capital additions 1,923,369 1,073,290
SUPPORT AND REVENUE OVER EXPENSESAFTER CAPITAL ADDITIONS 1,843,330 1,185,545
Depreciation 62,962 46,107Increase in deferred restricted amounts 500,000TOTAL SOURCES OF WORKING CAPITAL 1,906,292 1,731,652
USES OF W O R K I N G C A P I T A LEquipment purchasesIncrease in endowment fund marketable securitiesIncrease in restricted pledges receivableDecrease in deferred restricted amounts
TOTAL USES OF WORKING CAPITAL 1,923,369 1,573,290
INCREASE ( D E C R E A S E ) IN WORKING CAPITAL ($ 17,077) $ 158,362
CHANGES IN WORKING CAPITAL C O M P O N E N T SIncrease (decrease) in current assets:
CashPledges receivableInterest and other receivablesMarketable securities
320,761
191,536
305,072
500,000
29,175
797,115
747,000
2352
15
241
,140)
,004
,144 (
,035 (
$ 25,559
219,500
61,085)
63,743)
285,043 120,231
Increase (decrease) in current liabilities:Accounts payable 20,490 ( 13,728)Deferred amounts 281,630 ( 24,403)
302,120 ( 38,131)INCREASE ( D E C R E A S E ) IN WORKING CAPITAL ($ 17,077) $ 158,362
The accompanying notes are an integral part of tbe financial statements.
204 American Antiquarian Society
NOTES TO FINANCIAL STATEMENTS
Years Ended August 31, 1982 and 1981
A. Summary of Significant Accounting Policies
The financial statements of the Society have been prepared on theaccrual basis of accounting. Under this method, expenses are re-corded when incurred and income is recorded when earned. Thesignificant accounting policies applied in the preparation of the ac-companying financial statements are as follows:
1. Support and Revenue Recognition: Unrestricted gifts, grants, orbequests are recorded as support or revenues when received orpledged. Current restricted gifts, grants, or bequests are recordedas deferred amounts when received or pledged and are recognizedas support or revenue or capital additions when expenditures aremade which satisfy the terms of the restriction. Gifts to endowmentfunds are recognized as capital additions when received or pledged.
2. Buildings and Equipment: Buildings are depreciated over theirestimated useful lives on the declining-balance method. Equipmentis depreciated over its estimated useful life on the straight-linemethod.
3. Library Collections: Books and other valuable items in the So-ciety's collection are expensed as purchased.
4. Pension Plan: The Society makes contributions to a defined con-tribution retirement plan for all eligible employees. Pension ex-pense amounted to $39,603 and $37,568 for the years ended August31, 1982 and 1981, respectively.
5. Government Grants: Grants from the National Endowment forthe Humanities support various projects of the Society. Grant sup-port is recognized to the extent of eligible expenses, which aresubject to audit.
6. Marketable Securities: Marketable securities of the various fundsare pooled for investment purposes. The equity of each fund par-ticipating in the pool is represented by units which are issued or
Report of the Treasurer 205
redeemed on the basis of periodic market values. Distribution ofrealized gains and losses on security transactions and income isbased upon the number of units in the pool owned by each fund.Common stocks in the aggregate are recorded at the lower of costor market value and bonds and notes are recorded at cost. Invest-ment management fees are charged to the unrestricted fund in afiscal year when the Society incurs net realized losses from securitytransactions and are allocated to all funds when net realized gainson security transactions are realized.
7. Functional Allocation of Expenses: The cost of providing var-ious programs and other activities has been summarized on a func-tional basis in the statement of activity and changes in fund bal-ances. Accordingly, certain costs have been allocated among theprograms and supporting services benefited.
8. Reclassifications: Certain reclassifications have been made in the1981 financial statements to conform to the classifications used in1982.
B. Marketable Securities
Marketable securities of the Society consisted of the following atAugust 31, 1982 and 1981:
Common stockCommercial paperCorporate bondsU.S. notesUninvested cash
1982Cost
$3,376,098972,487
1,757,542589,877
5,360
Market value
$3,481,991972,487
1,759,013597,655
5,360
¡981Cost
$2,915,627
1,935,036812,104
26
Market value
12,973,482
1,743,103710,811
26
$6,701,364 $6,816,506 $5,662,793 $5,427,422
The following is a summary of realized and unrealized gains andlosses for the years ended August SI, 1982 and 1981:
Unrealized net gain (loss)Realized net gain (loss)Total net gain (loss)
1982$350,513
( 4,545)
1981($992,227)
740,887$345,968 ($251,340)
206 American Antiqiiarian Society
C. Land, Buildings, and EquipmentLand, buildings, and equipment consisted of the following:
August 31,1982 1981
Antiquarian Hall:Land and buildingImprovements and equipmentFurniture and fixtures
Rice House: Land and buildingGoddard-Daniels House:
Land and buildingBuilding improvementsFurniture and fixtures
Accumulated depreciation
$1,608,779219,17967,50196,563
289,65479,93679,345
2,440,957570,319
$1,870,638
$1,608,779219,17960,67596,563
135,000
2,120,196507,357
$1,612,839
D. Changes in Deferred AmountsThe following is a summary ofthe activity in
Balances at beginning of yearAdditions:
ContributionsRents receivedGovernment grantsOther incomeInvestment income on
endowment funds restrictedas to principal and income
Tear ended
Unrestricted
$12,133
2,470
the deferred amounts:August 31,
Currentrestricted$136,074
188,183
204,83144,989
355,563
1982
Plant$756,826
6,586
6,140
Deductions—funds expendedduring the year:
For operationsFor capital additions
Transfer, per donor's stipulationBalances at end of year
14,603 929,640 769,562
14,483 691,888320,761
14,483 691,888 320,761
237,752 448,791
18,406 ( 18,406)
$256,158 $430,385
120
$ 120
Report of the Treasurer 207
Balances at beginning of yearAdditions:
Contributions (includes pledge of$750,000, payable in three years)
Government grantsOther incomeInvestment income on
endowment funds restrictedas to principal and income
Deductions—^funds expendedduring the year:
For operationsFor capital additionsTo match govemment grants
Tear ended August 31, 1981Current
Unrestricted restricted Plant$48,533 $376,002 $ 4,901
29,717
197,648
65,709
219,267
781,100
48,533 888,343 786,001
36,400 553,619
198,650
36,400 752,269
29,175
12,133 136,074
Less noncurrent deferred amountBalances at end of year
29,175
756,826
500,000
$12,133 $136,074 $256,826
E. Fund BalancesThe details of changes within fund balances are as follows:
Unrestricted Plant Endowment$628,189 $1,629,771Balances, August 31, 1980
Support and revenue over(under) expenses beforecapital additions
Capital additions:Contributions for
equipment purchasesContributions to
endowment fundsNet realized gains on
endowment fundinvestments
Investment management feeBalances, August 31, 1981
$4,113,997
158,362 ( 46,107)
29,175
453,223
Total$6,371,957
112,255
29,175
453,223
(616,934 616,934
26,042) ( 26,042)
786,551 1,612,839 5,158,112 7,557,502
208 American Antiquarian Society
Unrestricted Plant Endowment TotalSupport and revenue (under)
expenses before capitaladditions ( 17,077) ( 62,962) ( 80,039)
Capital additions:Contributions for
equipment purchases 320,761 320,761Contributions to
endowment funds 1,611,070 1,611,070Net realized (losses) on
endowment fundinvestments ( 8,462) ( 8,462)
Balances, August 31, 1982 $769,474 $1,870,638 $6,760,720 $9,400,832
F. Income TaxesThe Society qualifies as a tax exempt, nonprofit organization under Section501 (c) 3 ofthe Internal Revenue Code. Accordingly, no provision forincome taxes is required.
M C C A R T H Y , H A R G R A V E & Co.WORCESTER PLAZA, 440-446 MAIN STREET
WORCESTER, MASSACHUSETTS 01608
Mr. Bruce G. Daniels, TreasurerAmerican Antiquarian SocietyWorcester, Massachusetts
We have examined the balance sheets of the American Anti-quarian Society as of August 31, 1982 and 1981, and the relatedstatements of activity and changes in fund balances and changes infinancial position for the years then ended. Our examinations weremade in accordance with generally accepted auditing standardsand, accordingly, included such tests of the accounting records andsuch other auditing procedures as we considered necessary in thecircumstances.
In our opinion, the financial statements referred to above presentfairly the financial position of the American Antiquarian Society asof August 31, 1982 and 1981, and the results of its operations andchanges in financial position for the years then ended, in conformitywith generally accepted accounting principles applied on a consis-tent basis.
McCarthy, Hargrave & Co.November 10, 1982 Certified Public Accountants
Report of the Treasurer 209
DONORS OF BOOKS AND M O N I E S , 1981-1982
Daniel AaronMr. and Mrs. Carroll M. AbbottAbdow's Big Boy RestaurantsRobert C. AchornThe Ad Club of WorcesterEleanor S. Adams, in memory
of Jean C. SpenceJohn W. AdamsThomas R. AdamsRuth E. AdomeitJohn AldenGeorge I. Alden TrustMrs. Andrew G. AldrinVictor J. AlexanderCaroljnn A. AllenGordon AllenWilliam H. Allen, BooksellerMargaret AmbersonAmerican Institute of the History
of Pharmacy, University ofWisconsin
Richard L. AndersElmer L. AndersenJohn AndrewSteven AnishAnna Maria CollegeEleanor R. AppelMr. and Mrs. Mortimer H. AppleyArgosy Book Store, Inc.Rodney ArmstrongKarl J. R. ArndtAssociation of Descendants of
Ralph Smith of Hingham &Eastham, Massachusetts, Inc.
Atlas Distributing CorporationAugsburg Publishing HouseHomer D. Babbidge, Jr.Edward L. Bacon, Jr.Mr. and Mrs. Edwin G. BagleyGilbert S. BahnHamilton V. BailMarshall R. BaileyMargaret K. BakerWilliam N. BanksWilliam N. Banks FoundationMarjorie Dana Barlow
Mr. and Mrs. David W. BarnardBarra FoundationMr. and Mrs. David A. BarrettMrs. Lawrence W. L. BarringtonTilton M. BarronRoss W. Beales, Jr.Mr. and Mrs. E. Mauran BealsMr. and Mrs. Philip C. BealsMr. and Mrs. James F. Beard, Jr.Dorothy Robertson BeckerSilvio A. BediniThomas G. BeebeMr. and Mrs. W. Douglas BellMr. and Mrs. Joseph T. BenedictDr. and Mrs. Robert E. BennettMr. and Mrs. William Bentinck-
SmithSacvan BercovitchFrancis L, Berkeley, Jr,Berkshire Hathaway, Inc.Dr. and Mrs. Clyde F. BerryMr. and Mrs. Carl E. BesseJames BiddleJohn BidwellGeorge A. BilliasMr. and Mrs. Edward S. BilzerianMr. and Mrs. F. Turner Blake, Jr.Mr. and Mrs. Richard L. BlancoMrs. Chester BlandRay A. BlettCarolyn J. BlomquistDr. and Mrs. Sanford BlumRoscoe C. Blunt, Jr.Joan T. BokJean H. BolzMr. and Mrs. William H. BondRobert W. BoothHenry C. BorgerMr. and Mrs. Robert S. BowditchFredson T. BowersR. R. Bowker CompanyMr. and Mrs. Cushing C.
BozenhardThe Bozenhard Company, Inc.Mrs. Dorothy D. BrandenbergerJohn O. Brew
210 Am£rican Antiquarian Society
Given A. BrewerMr. and Mrs. Karl L. BrielWilliam B. BrierlyJohn Edward BrooksRichard D. BrownBruccoli-Clark PublishersDouglas W. BryantMargaret V. BuckleyMrs. Yves Henry BuhlerA. George BullockFrancis D. BullockMr. and Mrs. John R. BullockMr. and Mrs. George H.
Bumgardner, Jr.Gale J. Bunner in the name of the
Rising Family AssociationMr. and Mrs. Robert BurgessWalter J. BurnhamMr. and Mrs. George S. ButlerButler-Dearden Paper
Services, Inc.Lyman H. ButterfieldMargaret B. ButterfieldEdwin H. CadyKenneth Walter CameronMr. and Mrs. LeRoy A. CampbellLouisa D. CampbellMrs. Charles J. CandageDouglas R. CapraUrano S. N. CaranchiniJohn CarbonellKenneth E. CarpenterVirginia M. CarrMarian S. CarsonJoseph C. CarterJoseph R. CarterRichard W. CasavantThe Casavant Family Charitable
TrustJuanita Davis CawthonCentral New England, Inc.Mr. and Mrs. Robert F.
Chandler, Jr.Theodore ChaseChicago Historical SocietyDr. and Mrs. Richard E. ChurchMr. and Mrs. James Ford
Clapp, Jr.
Clark University, The RobertHutchings Goddard Library
Clarke Historical Library, CentralMichigan University
Mr. and Mrs. Edward L. CliffordMrs. Randall CliffordSusan Sweetser CliffordMr. and Mrs. Richard W. CliftonEllen Page CoghlinBertram M. CohenJ. Winston Coleman, Jr.Colonial Society of MassachusettsMrs. H. Dunscombe ColtSamuel H. ColtonConcordia Historical InstituteClement E. CongerKaren ContwayJill K. ConwayMr. and Mrs. G. Gardner CookMr. and Mrs. William C. CookMr. and Mrs. Robert DeN. CopeLammot duPont CopelandThe Corcoran Gallery of ArtMr. and Mrs. Fairman C. CowanMr. and Mrs. Edmund T. CranchElaine F. CraneCrane & Company, Inc.Richard A. CrawfordLawrence A. CreminCrompton & Knowles CorporationWalter CronkiteE. J. Cross FoundationDenis M. CrowleyMr. and Mrs. Ralph D. CrowleyJohn CummingAbbott Lowell CummingsNoble E. Cunningham, Jr.Merle E. CurtiJohn W. CurtisMr. and Mrs. Robert CushmanMrs. Clarence P. DaigneauD. Bradford DamonGeorge B. DangerfieldMr. and Mrs. Bruce G. DanielsMrs. Dwight C. DanielsFred Harris Daniels FoundationJohn C. DannCarole DavisCurtis Carroll Davis
Report of the Treasurer 211
Sara Bacon DavisThomas M. and Virginia L. DavisMr. and Mrs. Warren G. DavisDavis Corporation of Worcester,
Inc.Dawson's Book ShopGabriel DebienMrs. Theodore DeitzJuan A. del RegatoMr. and Mrs. Gardener G.
DeMallieMr. and Mrs. Glenn C. DeMallieKenneth R. DesautelsMr. and Mrs. Francis H.
Dewey IIIHenry B. DeweyLincoln A. DexterMr. and Mrs. Francis P. DillC. Wesley DingmanMary K. DobbieGaylord DonnelleyJohn T. DonoghueMilton E. DorrDorrance & Company, Inc.Carole DorrisAlexander E. DraposRose L. DresserThe Dublin Seminar for New
England FolklifeClaude B. DufaultBetty DumaineMary Maples DunnRichard S. DunnMr. and Mrs. Sacket R. DuryeeThe Dutch Settlers Society of
Albany, New YorkJoseph D. EarlyEndama V. EasleyMr. and Mrs. J. M. EdelsteinGeorge W. EgersHermann F. EiltsMr. and Mrs. John EngelstedKatherine F. ErskineLinwood M. Erskine, Jr.Essex InstituteCharles H. EvansLuther H. EvansMr. and Mrs. John C. EwerEdith P. Ewing
Exxon Education FoundationDaniel and Jessie Lie FärberFrederic B. FarrarDon E. FehrenbacherCatherine M. FennellyJan FergusAlan M. FernNorman FieringMr. and Mrs. P. William FilbySteven FinerFirst Brigade Band and Heritage
Military Music Foundation, Inc.David H. FischerMr. and Mrs. John E. FlaggBernard J. FlanaganMr. and Mrs. Paris FletcherWarner S. FletcherCarl Flowers, Jr.Patricia Moulton FlowersMr. and Mrs. Richard J. FlynnRonald P. FormisanoSusan S. ForresterHoward S. FosterKaye G. FrankMr. and Mrs. Malcolm FreibergMr. and Mrs. Frank B. Freidel, Jr.Dr. and Mrs. Gilbert FreidellHannah D. FrenchDonald R. FriaryFriends of the Harold B. Lee
Library, Brigham YoungUniversity
The Friends of the HarvardCollege Library
Friends of the Lilly Library,Indiana University Foundation
Friends of the University of IowaLibraries
Mr. and Mrs. Burton R. FrostMrs. Roger W. FrostWilliam B. FryeGeorge F. and Sybil H. Fuller
FoundationJulie Chase FullerDoris L. FultonDorothea M. FurmanLaurel K. GabelJ. Femard GallantMr. and Mrs. Wyatt Garfield
212 American Antiquarian Society
Garland Publishing, Inc.Sally GaroutteAdrian A. GaucherEbenezer GayThe Gaychrome CompanyGenealogical Reference BuildersGeorge Walter Vincent Smith
Art MuseumThe State of GeorgiaGeorgia Surveyor General
Department, Office of theSecretary of State
Loren F. GhiglioneBradley B. GilmanGinn and CompanyGoddard Valve CorporationFrederick R. GoffGloria GoldblattStephen A. GoldmanMr. and Mrs. George T.
GoodspeedGoodspeed's Book Shop, Inc.Mrs. John D. GordanDouglas H. GordonMr. and Mrs. Haskell R. GordonLangston James Goree VMr. and Mrs. David F. GouldMr. and Mrs. A. Wallace GoveJamie A. GradyMr. and Mrs. Orville F. GrahameRoland B. Graves, in memory of
Mr. and Mrs. Benjamin R.Graves
Greater Worcester CommunityFoundation, Inc., JeppsonMemorial Fund
Harry GreenMr. and Mrs. Thomas S. GreenPeggy H. GregoryGeorge R. GriffithsR. Reed GrimwadeErwin N. GriswoldGerald N. GrobJames Mason GroveGuaranty Bank & Trust CompanyMr. and Mrs. O. Vincent GustafsonDr. and Mrs. Marcel GutDr. and Mrs. Abraham W. HaddadMrs. Arthur K. Haddad
Charles C. HafTner IIILawrence Alan HainesMichael G. HallMr. and Mrs. Robert P.
Hallock, Jr.Helen B. HamillHamill and BarkerMilton W. HamiltonDr. and Mrs. R. L. HammondWarner S. HammondMr. and Mrs. Oscar HandlinThe Hanes Foundation for the
Study of the Origin andDevelopment of the Book
Archibald Hanna, Jr.The Hannah Institute for the
History of MedicineThe Hanover Insurance CompanyDr. and Mrs. Craig R. HanyanDouglas N. HardingThe Hargrove NewsletterHenry J. HarlowMrs. Leonard HarlowMarion HameyHarold Hill & Son, Ltd.Mrs. Edward HarringtonMr. and Mrs. Francis A.
HarringtonFrank L. Harrington, Jr.Frank L. Harrington, Sr.Elizabeth M. HarrisMichael HarrisonJames D. HartMr. and Mrs. Sydney HarwoodMr. and Mrs. Glenn A. HastingsMr. and Mrs. Lester D. HatchHarvard University, Harvard
College LibrarySherman S. HaydenEmest S. HayeckMr. and Mrs. George W. HazzardThe Heald FoundationHowell J. Heaney, in memory of
Thomas W. StreeterMr. and Mrs. Austin A. HeathAvis B. HeatheringtonJohn B. Hench, in memory of Jean
Spence and Glenn HoganJ. Welles Henderson
Report of the Treasurer 213
Dr. and Mrs. John W. HendersonArbetta K. HepferMr. and Mrs. Frederick W.
HequembourgMr. and Mrs. John HerronRobert G. HessEdgar G. HeylJacob HiattDale HigbeeMr. and Mrs. Milton P. HigginsMr. and Mrs. Warren I. HigginsDr. and Mrs. Donald HightBrooke HindleHelen M. HindleMr. and Mrs. John H. HitchcockDr. and Mrs. Mahlon HoaglandJay Mack HolbrookDonald P. HoldenHolden Historical Society,
Holden, Mass.Henry Hornblower IIMr. and Mrs. Peter H. HorstmannSylvia L. HorwitzJohn T. HoughArthur A. Houghton, Jr.Kay S. HouseMr. and Mrs. E. William HoushJohn Howell, BooksRobert M. HubbardThomas C. HubkaNathan Irvin HugginsE. Harold HugoCarlisle H. HumelsineEmma A. HuntRichard E. HussDarrell HyderMr. and Mrs. Donald A. IrelandWilliam D. Ireland, Jr.Mr. and Mrs. Robert S. IvesSydney W. JackmanFrederick H. JacksonKatherine S. JacobsMr. and Mrs. M Howard JacobsonJamesbury CorporationMrs. Robert R. JayHoward B. JeffersonJohn H. JenkinsMargaret R. JenksJohn Melville Jennings
Britta D. JeppsonMr. and Mrs. John Jeppson, 2ndCalvin C. JillsonJohn Carter Brown Library,
Brown UniversityDonald E. JohnsonHazel A. JohnsonDr. and Mrs. Robert A. JohnsonWhitfield W. JohnsonJohnson State College, VermontGordon W. JonesMrs. Howard Mumford JonesMr. and Mrs. Kenneth S. JonesWilliam L. JoyceMr. and Mrs. John E. KanisDavid KaserStanley N. KatzMr. and Mrs. P. Warren KeatingJohn S. KebabianJames P. KeenanKate Van Winkle KellerMyron KellnerMr. and Mrs. Steven C. KelloggMr. and Mrs. Bartow KellyDr. and Mrs. Joseph M. KellyJohn Haskell KembleAvis M. and Esther R. KempMr. and Mrs. Frederick J. KennedyMr. and Mrs. Richard B. KennedyKennedy Galleries, Inc.Paul J. KervickBettina H. KestelootDr. and Mrs. David G. KingPatricia M. KingR. F. KirkpatrickAlbert T. KlybergRussell W. KnightMr. and Mrs. William W. KnightKnight-Dik Insurance Agency, Inc.Mr. and Mrs. Elliott B. KnowltonJoy W. KnowltonPaul S. KodaAdolph KoeppelHoward R. LamarW. Kaye LambMr. and Mrs. Roland W. LanceyMills B. Lane IVMr. and Mrs. Warren C. Lane, Jr.Mr. and Mrs. William H. Lane
214 American Antiquarian Society
Harold D. LangleyMr. and Mrs. Julian L. LapidesEdwina LarsonHarold LarsonMrs. John W. LasellEdward Connery LathemJohn F. LatimerReed LawtonKen LeachLewis LearyEdward T. LeBlancRensselaer W. LeeJ. A. Leo LemayRobert L. LeslieMr. and Mrs. David LevinThe Library Company of
PhiladelphiaThe Library of CongressMr. and Mrs. James A. LidgateMrs. Daniel W. LincolnLindenmeyr Paper Corporation
FoundationMr. and Mrs. Bertram K. LittleDavid B. LittleMr. and Mrs. Ernest E. LockhartMrs. George H. LongstreetAugustus P. LoringEdward P. LoringLouis A. Warren Lincoln Library
and MuseumJohn M. LovejoyMason I. Lowance, Jr.Irving LowensDrs. Paul Edward and Mary G.
LudwigAnne Morse LyellPaul R. LyonsCopeland C. MacAllisterJoseph B. McCaffreyMcCarthy, Hargrave & CompanyMr. and Mrs. William A.
McClennanMrs. J. Lyle McCorisonMr. and Mrs. Marcus A.
McCorisonThomas M. McDadeJ. V. McDonnellDorothy K. MacDowellMcEvoy Travel Bureau, Inc.
Philip J. McFarlandJohn K. McGuireWalter H. MclntoshMr. and Mrs. James H. MclntyreDavid P. McKayWilliam J. McKee, Jr.Stuart A. McLeanWilliam G. McLoughlinMary K. MacmanusJohn H. McMillan .MacMillan Publishing Company,
Inc.Robert L. McNeil, Jr.Mike MaddiganMadison Wire & Cable
CorporationBernadette MadoreJ. Robert MaguirePauline MaierJackson T. MainGuido MajnoGertrude R. MalleryIna G. MansurJack J. MarrHenry E. MarschalkMr. and Mrs. Martin E. MartyCharles E. Mason, Jr.Massachusetts Council on the
Arts and HumanitiesMassachusetts Electric Company/
New England Electric SystemMassachusetts Historical SocietyRobert K. MasseyJ. William MathesonMr. and Mrs. William F. MaunderEurilla MaverleMrs. James A. MaxwellHenry F. MayJohn H. MeagherTimothy MeagherPaul MellonDonald R. MelvilleMelville Corporation/Thom McAnMr. and Mrs. Louis Menard IIIMr. and Mrs. Byron MenidesMrs. Frederick MerkMr. and Mrs. George H. MerriamMerrimack Valley Textile
Museum
Report of the Treasurer 215
Mr. and Mrs. Keyes D. MetcalfAlice M. MichelsMr. and Mrs. Forbes S. MichieMiddlebury College, Starr
LibraryJean H. MidwoodC. William MillerMr. and Mrs. Harold T. MillerHoward L. Miller, Jr.Julian S. MillerMr. and Mrs. Lawrence K. MillerEmilie W. MillsRoger M. Mills, Jr.Mrs. Robert C. MiltonMinnesota Historical SocietyJohn O. MirickMr. and Mrs. John F. MitchellRobert W. MoffattCorinne MonroeDr. and Mrs. Nolan C. MooreEdmund S. MorganMrs. Myles MorganMr. and Mrs. Paul S. MorganWeld MorganMorgan-Worcester, Inc.John MorrelSamuel R. MorrillMorse Brothers Electrical
Company, Inc.Michael MoschosMr. and Mrs. Howard MosherThe Most Worshipful Grand
Lodge of Ancient Free andAccepted Masons of theCommonwealth ofMassachusetts
Mr. and Mrs. Howard S. MottMount Vernon Ladies' Association
of the UnionCalvin W. MowbrayKenneth J. MoynihanPaul V. MullaneyJohn T. MurraySamuel MurrayMuseum of Fine Arts, BostonNational Endowment for the
HumanitiesMr. and Mrs. Kenneth NebenzahlMatthew J. Needle
John M. NelsonJudith A. NelsonHugo de NeufvilleNew England Micrographics, Inc.New-York Historical SocietyNew York Public LibraryThe New York State LibraryNewberry LibraryMr. and Mrs. Eric P. NewmanDavid A. NicholsMr. and Mrs. Mats NilssonMartina R. NorelliNortheast Archives of Folklore
and Oral History and theNortheast Folklore Society,University of Maine at Orono
Northeastern University PressMary Beth NortonNorton Company Charitable
Corporation Matching GiftsProgram
Norton Company FoundationWilliam Prosser NottinghamBarbara NovakJeri NunnMerle C. NuttNye Family of America
Association Inc.Mr. and Mrs. Donald C. O'BrienMr. and Mrs. Richard J. O'ConnorDr. and Mrs. Robert E. O'NeilOregon Historical SocietyHelen Julia OrrMrs. John Henry Orr, Jr.Edward L. OsbomWilliam B. OsgoodMr. and Mrs. John J. OstrowHarold PackmanMr. and Mrs. Stephen D. PaineMarion S. PalmJohn ParkerThe Paul Revere Life Insurance
CompanyShirley A. PeasePeat, Marwick, Mitchell &
CompanyHoward H. PeckhamJohn F. PeckhamGeorge Dobbin Penniman, Jr.
216 American Antiquarian Society
Mr. and Mrs. David A. PerskyMr. and Mrs. Hall James PetersonMr. and Mrs. Philip A. PetersonMrs. John B. PetterMr. and Mrs. William O.
Pettit, Jr.Pew Memorial TrustHelene C. PhelanMr. and Mrs. Thomas PhilbrickDr. and Mrs. Edmund O. PiehlerRobert B. PierceMr. and Mrs. H. T. Pierpont, Jr.The Pilgrim Charitable TrustRobert G. PopeDorothy B. PorterLouis W. PottsJames W. PowellRobert D. PriceMartha PriestPrinceton University LibraryMr. and Mrs. Richard ProutyProvincial Archives of CanadaJules D. PrownDr. and Mrs. J. Edward L. PrunierMrs. Oliver J. PurnellQuabaug Rubber Company
Charitable FoundationRaytheon CompanyJames G. ReardonWilliam S. ReeseMr. and Mrs. Ronald F. ReidThomas W. ReillyRenfrew Museum, Waynesboro,
Pa.James B. RhoadsMr. and Mrs. Eugene J. RibakoffByrd RiceDaniel H. RiceE. P. RichardsonJanet A. RiesmanMr. and Mrs. Stephen T. RileyRiley Stoker CorporationWilfred J. RitzReginald W. W. RivesMrs. James R. RobbinsWallace W. RobbinsMr. and Mrs. Kenneth D. RobertsBurton A. Robie, in memory of
Forbush Anderson
Douglas H. RobinsonRobinson Manufacturing CompanyMrs. George I. RockwellSherburne B. Rockwell, Jr.Mr. and Mrs. William M.
RoderickW. J. RorabaughWillie Lee RoseMr. and Mrs. Samuel R. RosenthalLeona Rostenberg, Rare BooksRoyal Military College of Canada,
Department of EnglishGordon RussellRutgers University Library,
Special Collections DepartmentRutgers University Libraries,
Research & PublicationsCommittee
Robert A. RutlandS & S Paper CorporationMorris H. SaffronSamford University LibraryMr. and Mrs. Duane T. SargissonMrs. Alton Sawin, Jr.Charles H. SawyerJohn E. SawyerMr. and Mrs. Lance SchachterleMr. and Mrs. William H. ScheideJustin G. SchillerLeonard B. SchlosserNorris F. SchneiderJohn A. SchutzDonald M. ScottMrs. Laurens C. SeelyeWalter G. SeidlDr. and Mrs. Kenneth A. SenterLee SharfmanThe Shelby Cullom Davis
FoundationThe Sheldon MuseumMargaret E. Sherman TrustStuart C. ShermanMr. and Mrs. Carl ShirleyHerbert T. Silsby IIKenneth SilvermanVirginia SiterMr. and Mrs. David A. SjostenHarold K. Skramstad, Jr.Samuel Sleeper
Report of the Treasurer 217
Mrs. William Pyle Slover, Jr.Donald P. SmithGail L. SmithMerritt Roe SmithRoger K. SmithThomas Smith CompanySmithsonian InstitutionMarion R. SnowHarvey SolomonMr. and Mrs. Edward J. SoulliereSpag's Supply, Inc.Mrs. Ivan M. SpearRobert Emest SpillerFrank MacD. SpindlerFrank O. SpinneyJanez StanonikJ. StarkLewis M. StarkRuth S. StarrState Historical Society of
WisconsinState Mutual Life Assurance
Company of AmericaRichard C. SteeleGerald N. SteevesMadeleine B. SternEdward W. Stevens, Jr.Roderick D. StinehourMr. and Mrs. Thomas B. StinsonStoddard Charitable TrustMr. and Mrs. Robert W. StoddardMr. and Mrs. Roger E. StoddardHenry StommelDr. and Mrs. Bernard StoneBradford W. StoneMr. and Mrs. Donald K. StraderMr. and Mrs. Frank S. StreeterHenry S. StreeterWilliam F. SullivanSurdna Foundation, Inc.Mrs. Michael E. SweeneyFrancis SypherBrian H. TaborThe Reverend Mr. and Mrs.
Frederick TaftCharles J. TanenbaumJames R. TanisG. Thomas TanselleThad W. Täte, Jr.
David F. TathamEarl R. TaylorRobert H. TaylorWilliam O. TaylorFrank H. Teagle, Jr.Dr. and Mrs. Daniel Grant TearMargaret Bullock ThayerStuart ThayerDwight R. ThomasWillard ThorpMr. and Mrs. Victor H. ThulinEleanor M. TiltonTime-Life Books, Inc.Mary Louise B. ToddVirginia TonerTimothy and Elizabeth TraceDr. and Mrs. Robert E. TranquadaAlice M. TroyMarilyn B. TurnerMr. and Mrs. Charles E. TuttleUnited Lens Company, Inc.The United Methodist Church,
Western North CarolinaConference
United States GovernmentUniversity of Massachusetts
Medical Center LibraryUniversity of Newcastle upon
Tyne, School of EducationUniversity of North Carolina,
Walter Clinton Jackson Library,Special Collections Department
The University of Texas at El PasoUniversity of VermontUniversity of Virginia, Alderman
LibraryUniversity of Wisconsin -
Milwaukee, The GoldaMeir Library
Uxbridge Historical SocietyCharles van RavenswaayVermont Historical SocietyClarence L. Ver SteegMr. and Mrs. Arthur E. VershbowPerry VilesVirginia State Library, Archives
and Records DivisionJames A. VisbeckMr. and Mrs. Francis G. Walett
218 American Antiquarian Society
O. S. Walker Company, Inc.Alexander J. WallMr. and Mrs. Anthony F. C.
WallaceThe Walpole SocietyMichael J. WalshWappenarchiv, StuttgartJohn William WardWashington Mills Abrasive
CompanyWatkinson Library, Trinity
CollegeMadge M. WattGlenn WeaverWilliam Woys WeaverStephen WeissmanRuth S. WellingtonJames M. WellsMeridith D. WesbyThe Westport ( Mass. ) Historical
Society, Inc.Stephen ^A^heatlandDr. and Mrs. Bancroft C. WheelerWilliam A. WheelerMr. and Mrs. William A.
Wheeler IIIAlan L. WhippleMr. and Mrs. William J. WhippleThe R. L. Whipple Company, Inc.Mr. and Mrs. Leonard WhiteWallace F. Whitney, Jr.Dr. and Mrs. Richard H. WhittenJames Russell WigginsR. G. WightMary Louise Wilding-WhiteWilliams CollegePeter H. WilliamsEdmund R. WillrichJohn WilmerdingFrederick C. WilsonThe H. W. Wilson FoundationMichael WinshipJ. M. Wiswall
Laurence Witten/Laurence WittenRare Books
Mr. and Mrs. Edwin Wolf, 2ndAlbert B. WolfeCharles B. Wood IIIGordon S. WoodMr. and Mrs. O. Bradley WoodPeter H. WoodWood Flong CorporationMr. and Mrs. John C. WoodburyC. Vann WoodwardMr. and Mrs. H. Merritt
WoodwardHarold E. WoodwardJacqueline J. WoodwardJohn WoolseyMr. and Mrs. John M. WoolseyGary W. WoolsonWorcester County National Bank
Charitable Foundation, Inc.Worcester Telegram & Gazette,
Inc.Worcester Polytechnic Institute,
The George C. Gordon LibraryWorcester State CollegeRobert WorthingtonAlice M. WrightLouis B. WrightRobert B. WrightBarbara WristonDr. and Mrs. H. Lee WylieWyman Gordon FoundationXimenes: Rare Books, Inc.Yale Collection of Western
Americana, Yale UniversityLibrary
Yale University Art GalleryIver F. YeagerMr. and Mrs. William A. YoffieArthur Young & CompanyJacob ZeitlinMichael ZinmanAudrey and Nicholas Zook
Report of the Treasurer 219
DONORS OF CAPITAL FUNDS
UNRESTRICTED FUNDS
Arthur Adams TrustGeorge S. BartonLester J. CapponH. Dunscombe ColtGrace ColtonThe Development Program FundSinclair HamiltonFrank L. Harrington, Sr.John W. HigginsMary S. HigginsRobert HitchmanEsther Forbes HoskinsDaniel W. Lincoln
Carl and Grace MedinusWilliam D. MillerAlbert W. RiceMary Gage RiceRussell M. Stobbs FundStoddard Charitable TrustHenry R. VietsGuy W. WalkerElizabeth Weisd'Alté A. WelchNathaniel WheelerGeorge G. Wolkins
RESTRICTED FUNDS
Ruth E. AdomeitEbenezer AldenThe George I. Alden TrustThe Bookbinding FundMark BortmanClarence W. BowenClarence S. and Alice Comstock
Brigham FundChandler BullockCharles A. ChaseGeorge Watson ColePhilip H. CookHenry W. CunninghamMary H. CunninghamThe Fred Harris Daniels
FoundationAndrew M. DavisJohn and Eliza DavisEliza DodgeEducation Endowment FundGeorge E. EllisFellowship Endowment FundLee M. FriedmanGeorge F. and Sybil H. Fuller
FoundationMabel Knowles GageThomas Hovey GageAldus C. HigginsJames F. Hunnewell
The Alden P. JohnsonEndowment for Publication
Nathaniel T. KidderLevi LincolnHerbert E. LombardThe Manuscript Endowment FundAlbert MatthewsThe Andrew W. Mellon
FoundationThe Newspaper Endowment FundGrenville H. NorcrossNathaniel PaineKate B. and Hall James PetersonJames D. PhillipsCharles A. PlaceStephen Salisbury, Jr.Stephen Salisbury IIICharles and Katherine SawyerFoster SteamsGeorge R. StobbsJoseph A. TenneyIsaiah ThomasHenry R. WagnerAlbert G. WaiteCharles F. WashburnAlbert H. WhitinJames L. WhitneyThe James Russell Wiggins
Fellowship FundJames B. Wilbur
220 American Antiquarian Society
TRUSTS
William K. BixbyHorace McFarland
Russell S. Paine
FUNDS RESTRICTED TO THE PURCHASE OF BOOKS
Isaiah Thomas, 1858Isaac and Edward Davis, 1868Benjamin F. Thomas, 1879Samuel Foster Haven, 1881George Chandler, 1884Francis H. Dewey, 1888George E. Ellis, 1896John and Eliza Davis, 1900Samuel A. Green, 1919Henry F. DePuy, 1925Bernard Christian Steiner, 1926
George Watson Cole, 1940Donald McKay Frost, 1958Harriette Merrifield Forbes, 1963John Thomas Lee, 1967Emma Forbes Waite, 1970General Book Acquisition Fund,
1975Michael Papantonio, 1978Roderick Stinehour, 1978Harry G. Stoddard, 1982