report ofthe treasurer

Report ofthe Treasurer

O N AUGUST 31, 1990, the market value ofthe invested funds ofthe American Antiquarian Society was $17,269,710, compared to$ 19,144,3 5 7 at the end of the preceding fiscal year. The cost of theinvestments on August 31, 1990, was $18,848,581 compared to$17,542,337 on August 31, 1989.

The Society's return on the equity portion of our portfolio inthis fiscal year declined 17.5 percent, versus a decline in the Stan-dard & Poor's 500 Index of 4.9 percent. Our fixed income increased6.9 percent compared to an increase in the Shearson LehmanHutton Government/Corporate Bond Index of 6.3 percent. Thetotal portfolio declined 9 percent during this fiscal year ending Au-gust 31, 1990. Income generated by the Society's portfolio for theperiod September i, 1989 through August 31,1990 was$i,277,905.

The portfolio continues to be managed in accordance with abalanced investment discipline. The objectives are to attain sub-stantial income through a mix of equity and fixed income se-curities, while maintaining a conservative risk stance.

On August 31, 1990, 58.4 percent of our portfoho was investedin equities, compared to 69.1 percent a year ago. 38.9 percent ofthe portfolio was invested in fixed-income securities. The percen-tage of income yielded by our investments for this fiscal year was7.7 percent, and the portfolio's total income was $1,277,905.

The investment portfolio continues to be managed by the Fidel-ity Management Trust Co. of Boston, whose performance is mon-itored by our Committee on Finance. Members ofthe Committeeare Harold Cabot, William Marshall, Dorothy Erikson, Jill Con-way, Peter Williams, and the president and librarian, ex officio.

Support and revenue to the Society from all sources for the yearended August 31, 1990, amounted to $2,374,198. Expenses totaled$2,191,517, resulting in an excess of revenue over expenses of$6,377 after transfer to Council-designated funds of $176,304.

312 American Antiquarian Society

Gifts in kind or in cash for additions to the collections or desig-nated for specific purposes, were received to a value of $412,027.Donations from generous members and friends for defraying theannual expenses ofthe Society totaled $295,003.

Gifts received in the past fiscal year for the increase of theSociety's endowment funds totaled $755,811. A major and gener-ous bequest was received from the estate of Paris Fletcher in theamount of approximately $669,252.

The financial statements of the Society are audited by McCar-thy, Hargrave & Company. The financial statements are presentedin accordance with Audit and Accounting Guide—Audits of CertainNonprofit Organizations, issued by the American Institute of Cer-tified Public Accountants.

Peter H. WilliamsTreasurer

Report of the Treasurer

BALANCE SHEETS

3'3

August JI

1990

27-517

73,084

256,895

986,783

.344,279

211,796

16,253,065

16,464,861

194.5782,800,580

'.159.736)

1.835,422

$ 19,644,562 $ 19,603,961

ASSETSCurrent assets:

CashPledges receivableInterest and other receivablesMarketable securities (Notes A and B)

Total current assetsLibrary collection (Note A)Endowment fund assets:

Pledges receivableMarketable securities (Notes A and B)

Plant fund assets:Marketable securities (Notes A and B)Land, buildings and equipment (Note A)

less accumulated depreciation

LIABILITIES AND EUND BALANCESCurrent liabilities:

Accounts payableDeferred amounts (Note C):

UnrestrictedCurrent restricted

Total current liabilitiesPlant fund liabilities:

Note payable and capital lease obligationDeferred amount (Note C)

Fund balances (Note D):UnrestrictedCouncil DesignatedPlantEndowment

The accompanying notes are an integral part of the financial statements.

5.984

53,000

225,733

571,822

856,539

94.684

•6,775.937

16,870,621

'94.578

2.783.765

i.'oi.542)

1,876,801

5'.359

2,842

511,286

22,459

3,052

278,883

565.487

24,651

194,578

602,488

176,304

1,616,193

16,464,861

18,859,846

$ 19,644,562

304,394

22,064

'94,578

552.145

1,660,159

16,870,62 I

19,082,925

$ 19,603,961


STATEMENTS OF ACTIVITY & CHANGES IN FUND BALANCES

Year ended August j i,

SUPPORT AND REVENUESupport:

Annual gifts and contributionsGovernment grantsOther gifts and grants

$ 295,003

224.459

203,099

$ 225,171

25'.585

82,028

TOTAL SUPPORT

Revenue:Investment and trust fund incomeNet realized gains on unrestricted

fund investmentsNet unrealized gains (loss) on

unrestricted fund investments (Other revenueSale of stamp and antique chairs

TOTALREVENUE

TOTAL SUPPORT AND REVENUE

EXPENSESProgram services:

Library:Book purchasesConservation, cataloguing 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

BEEORE CAPITAL ADDITIONS (DEDUCTIONS)

CAPITAL ADDITIONS (DEDUCTIONS):Contributions for building improvementsContributions for endowment fundsNet realized gains on endowment

fund investmentsNet unrealized gains (losses) on

endowment fund investments (Investment management fee allocated

to endowment funds (

(

722,561

1.3 59. '97

3.315

70,572)

'32.197227,500

1,651,637

2,374,198

266,068972,798442,887

1.681,753

375.950'33.8'4

509,764

2,191,517

182,681

755,8"

251,550

; 1,330,163)

: 82,958)

; 405,760)

558,784

1,263,997

11,698

20,190

98,892

1,394.777

',953,561

2 1 7 , 1 2 1

892,715

427,052

1,536,888

385,684105,879

491,563

2,028,451

( 74,890)

10,000

188,611

672,800

398,696

( 79,996)

1,190,111

Report ofthe Treasurer

{Statements of Activities ix Changes cont.)

SUPPORT AND REVENUE OVER (UNDER) EXPENSES

AFTER CAPITAL ADDITIONS (DEDUCTIONS) ( 223,079)

FUND BALANCES,beginningofyear(NoteD) 19,082,925

FUND BALANCES,endofyear(NoteD)

315

1 , 1 1 5 , 2 2 1

•7.967.704

$ 18,859,846 $ 19,082,925

STATEMENTS OF CASH FLOWS

CASHFLOWS FROM OPERATING ACTIVITIESSupport and revenue over (under) expenses

before capital additions (deductions)

Adjustments to reconcile support and revenueover (under) expenses before capital addidons (deduc-tions) to net cash provided by operating activities:

DepreciationNet unrealized (gains) losses on unrestricted

fund investmentsChanges in assets and liabilities:

Increase in pledges receivableIncrease in interest and other receivables(Increase) decrease in marketable securities for

unrestricted fundsIncrease in accounts payableIncrease in deferred amountsTOTAL ADJUSTMENTS

NET CASH PROVIDED ( U S E D ) BY

OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIESCapital addidons (deducdons)Collecdon of pledges receivable for endowment fund(Increase) decrease in marketable securides for

endowment fundsNew pledges receivable for endowment fundsEquipment addidons

NET CASH USED IN INVESTING ACTIVITIES

NET CASH USED IN FINANCING ACTIVITIES

Net increase (decrease) in cash

Year ended August j 1,iç8()

$ 182,681 ($ 74,890)

58.194

70,572

20,084)31,162)

485.533)28,900

232.193

146,920)

405,760)

534.394

522,872651,506)

•6,815)

CASH FLOWS FROM FINANCING ACTIVITIESNote payable and capital lease obligadon 7.215Decrease in note payable and capital lease obligadon ( 4,628)

2.587

47.696

( 20,190)

( 53.000)

( 37.794)

37.808

4.95 •74,104

53.575

35.76^ ( 21,315)

1,190,111

743.436

( •.734.936)

( 188,611)

( 32.628)

( 16,815) ( 22,628)

22,628

564)

22,064

2^.533 ( 21,879)

The accompanying notes are an integral part of the financial statements.


CASH ATBEGINNINGOF YEAR 5,984 27,863

CASH ATENDOF YEAR $ 27,517 $ 5,9^4

SUPPLEMENTAL DISCLOSURE OFCASH ELOW INFORMATIONCash paid during the year for:

interest $ 3,528 $ 433

NOTES TO FINANCIAL STATEMENTS

Years Ended August 31,1990 and 1989

A. Summary of Significant Accounting Policies

Basis of Statements—The financial statements are prepared in accordance withthe American Institute of Certified Public Accountants Audit Guide for CertainNonprofit Organizations. In addition, the financial statements have been pre-pared on the accrual basis. Under this method of accounting, expenses are re-corded when incurred and income is recorded when earned.

Fund Accounting—The accounts of the Society are maintained in accordancewith the principles of fund accounting. The fund groups are as follows:

1. Unrestricted funds, including Council designated funds, represent re-sources available for support of Society operations.

2. Plant funds represent resources restricted for property acquisitions andfunds expended for property.

3. Endowment funds represent funds that are subject to restrictions by thedonor, requiring that principal be invested and only the income be used.

Marketable Securities—Bonds are recorded at cost and stocks are recorded atthe lower of cost or market at the balance sheet date. Gains and losses from salesof investments are accounted for within the fund ovming the investments.

Cash—For purposes ofthe Statement of Cash Flows, the Society considers cashon hand and amounts due from banks to be cash.

Pledges Receivable—Pledges are recorded as receivables in the year the pledgeis received.

Property—Buildings and equipment are recorded at cost. Expenditures formaintenance, repairs and renewals are charged to expense as incurred whereas

Report ofthe Treasurer 317

major betterments are capitalized as additions to property. Buildings are depre-ciated on the decUning balance method and equipment is depreciated on thestraight-line method over the estimated useful lives ofthe assets.

Deferred Amounts —Funds and pledges restricted by the donor for specificoperating purposes or property acquisitions are deemed to be earned and re-ported as revenues when the Society has incurred expenditures in compliancewith the specific restrictions. Such amounts received but not yet earned arereported as deferred amounts in the balance sheet.

Pension Expense—The Society's policy is to fund pension costs accrued.

Library Collection-Books and other valuable items in the Society's collectionare expensed as purchased.

Government Grants—Grants from the National Endowment for the Humanitiessupport various projects of the Society. Grant support, which is subject to auditby the funding source, is recognized to the extent of eligible expenses.

Functional Allocation of Expenses—The cost of providing various programs andother activities has been summarized on a functional basis in the statements ofactivity and changes in fund balances. Accordingly, certain costs have been allo-cated to the programs and supporting services benefited.

B. Marketable Securities

M a r k e t a b l e secu r i t i e s c o n s i s t e d o f t h e fo l l owing a t A u g u s t 3 1 , 1 9 9 0 a n d 1989:

1990 ^9^9

Common andpreferred stocks

Corporate bondsU.S. treasury and

agency notesCommercial paperCash

Cost

$'0,352,3373,892,097

3,144,860932,461526,826

818,848,581

MarketValue

$8,938,182

3.753.71 '

3 , 1 1 4 , 3 1 0

936,681526,836

$17,269,710

CarryingValue

$8,938,1823,892,097

3,144,860932,461526,826

$17,434,426

Cost

$11,002,087

3,005,401

3,144,617

390,232

$17,542,337

MarketValue

$12,439,998

3.07* .̂325

3,235,820390,232

$iy.'44.375

CarryingValue

$11,002,087

3,005,401

3,144,617

390.232

$'7,542,337

American Antiquarian Society

The following is a summary of realized and unrealized gains and losses for theyears ended August 31, 1990 and 1989:

Unrealized net gains (losses) :Recorded in financial

statementsNot recorded in financial

statements

Realized net gains

Total net gains (losses)

C. Changes in Deferred Amounts

Balances at beginning of yearAdditions:

Contributions and grantsRents receivedGovernment grantsOther incomeInvestment income on

endowment funds restrictedto principal and income

Deductions:Eunds expended during

the year:Eor operationsNet unrealized loss

on investmentsPayment under uni trust

($1,414,155)

(1,766,754)

(3,180,909)254,865

($2,926,044)

$ 418,886

1,700,891

2,119,777684,498

$2,804,275

Year ended August ̂ i, ippo

Unrestricted

$3,052

540

3.592

750

Currentrestricted Plant

$ 278,883 $194,578

412,027

193,91080,696

894,979

1,860,495 194.578

',334,545

13,4201.244

Balances at end of year $2,842 $ 511,286 $194,578

Report of the Treasurer 319

Balances at beginning of yearAdditions:

Contributions and grantsRents receivedGovernment grantsOther incomeInvestment income on

endowment funds restrictedto principal and income

Deductions:Funds expended during

the year:For operationsFor improvements to

propertyPayment under uni trust

Balances at end of year

$1,851

2,104

3.955

903

$3,052

$ 195,980 $204,578

164,018

192,62 1

62,184

831,307

1,446,110 204,578

1,166,125

10,000

1,102

$ 278,883 $194,578

D. Fund Balances:

The details of changes in fund balances are as follows:Council

Unrestricted Designated Plant Endowment TotalBalances, August 31, 1988 $ 579,903 $ — $ 1,697,291 $15,690,510 $17,967,704Support and revenue under

expenses before capitaladditions (deductions): ( 27,194)

Capital additions (deductions):Contributions for improve-

ments to propertyContributions for endowment

fundsNet realized gains on endow-

ment fund investmentsInvestment management fee

allocated to endowmentfunds

Equipment purchases withunrestricted funds ( ^̂ 64)

Unrealized gain on endowmentfund investments

Balances, August 31,1989 $ 552,145 $

( 47,696)

10,000

188,611

672,800

( 79,996)

564

398,696

— $ 1,660,159 $ 16,870,621

( 74.890)

10,000

188,611

672,800

( 79,99'')

398,696

$ 19,082,925

3 2O American Antiquarian Society

Support and revenue over (under)expenses before capital

additions (deductions)Capital additions (deductions):

Contributions for endowmentfunds

Net realized gain on endow-ment fund investments

Unrealized loss on endowment(and investments

Investment management feeallocated to endowmentfunds

Equipment purchases withunrestricted funds

Transfer to CouncilDesignated Funds

Balances, August 31,1990

CouncilUnrestricted Designated Plant

240,875

( 14,228)

( •76,304) 176,304

Endowment

( 5«. 194)

14,228

Total

182,681

755,811 755.8^ I

251,550 251,550

( 1,330,163) ( 1,330,163)

( 82,958) ( 82,958)

$602,488 $ 176,304 $1,616,193 $16,464,861 $18,859,846

E. Pension Plan

The Society sponsors a defined contribudon pension plan for all eligible employ-ees. Contribudons and cost are 5 percent of each covered employee's salary forthose with two to ten years of service and 7 percent of each covered employee'ssalary for those with over ten years of service. Contribudons and cost amountedto $47,471 and $47,943 for the years ended August 31,1990 and 1989, respecdvely.

E. Income Taxes

The Society qualifies as a tax exempt, nonprofit organizadon under Secdon 501(c) 3 of the Internal Revenue Code. Accordingly, no provision for income taxesis required.

The Society qualifies as an organizadon which is not a private foundadon asdefined in Secdon 5O9(a) ofthe Internal Revenue Code because it is an organiza-don described in Secdon 5O9(a)(i) ofthe Internal Revenue code.

Repon of tbe Treasurer 3 21

M C C A R T H Y , HARGRAVE & Co.

DENHOLM BUILDING, 484 M A I N STREET

WORCESTER, MASSACHUSETTS 01608

To the Council of theAmerican Antiquarian SocietyWorcester, Massachusetts

Independent Auditors' Report

We have audited the accompanying balance sheets of the American Anti-quarian Society as of August 31, 1990 and 1989, and the related statements ofactivity and changes in fund balances, and cash flows for the years then ended.These financial statements are the responsibility of the Society's management.Our responsibility is to express an opinion on these financial statements basedon our audits.

We conducted our audits in accordance with generally accepted auditing stan-dards. Those standards require that we plan and perform the audit to obtainreasonable assurance about whether the financial statements are free of materialmisstatement. An audit includes examining, on a test basis, evidence supportingthe amounts and disclosures in the financial statements. An audit also includesassessing the accounting principles used and significant estimates made by man-agement, as well as evaluating the overall financial statement presentation. Webelieve that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in allmaterial respects, the financial position of the American Antiquarian Society asof August 31, 1990 and 1989, and the results of its operations and changes in itsfund balances and its cash flows for the years then ended, in conformity withgenerally accepted accounting principles.

McCarthy, Hargrave & Co.January 8,1991 Certified Public Accountants


DONORS OF BOOKS AND MONIES

September i, ip8p - August ji,

William W. AbbotLawrence and Gloria AbramofFMr. and Mrs. Robert C. AchornMr. and Mrs. James B. AdamsJohn W. AdamsThomas R. AdamsRuth E. AdomeitThe Ahmanson FoundationGeorge I. Alden TrustJohn AldenCarolyn A. AllenSue AllenAmerican HeritageAmerican Society for Eighteenth-

Century StudiesAmon Carter MuseumMrs. William G. AndersonHeather M. AndresonPatricia F. AppelbaumJoyce O. ApplebyKeith ArbourDr. and Mrs. Dennis J. ArinellaRodney ArmstrongRobert E. AshleyMr. and Mrs. Anthony AthyMr. and Mrs. William E.

Aubuchon IIIAugustana College, Swenson Swedish

Immigration Research CenterBrendaJ. BabineauPaula BackscheiderBernard BailynJean H. BakerMr. and Mrs. Earl E. BakkenJan BakkerWilliam A. BailerBank of New England

Bankers Trust FoundationWilliam N. BanksJames M. Banner, Jr.Mr. and Mrs. Charles Beach BarlowFrank M. Barnard Foundation, Inc.Mr. and Mrs. James H. BarnhillRobert C. BaronBertha B. BartonNicholas and Constance BasbanesFrançoise BaschJames G. BaskerPatricia M. BattinFrederick E. Bauer, Jr.Beacon PressMr. and Mrs. Ross W. Beales, Jr.Mr. and Mrs. Philip C. BealsIn memory of James F. Beard

Karl L. BrielMary E. BrownMarjorie H. FyrbergMark and Linda GreenePhyllis M. GreeneMr. and Mrs. Warren C. Lane, Jr.Marcus A. McCorisonMr. and Mrs. R. Bruce Shipley

Dorothy M. BeaudetteSilvio A. BediniBernard W BellMaureen BellW. Douglas BellR. Dyke BenjaminMr. and Mrs. Peter BennettDr. and Mrs. Robert E. BennettMr. and Mrs. William Bentinck-

SmithVictor A. BerchRoget and Louise Berendes


Margareta G. Berg and Dick RoweSidney E. BergerWilfred BeriauMr. and Mrs. Francis L. Berkeley, Jr.Lillian BerliawskyWinfred E. A. and M. E. BernhardRobert H. BerryMother Bethel African Methodist

Episcopal ChurchJanice A. BianculliBibliography of American Literature,

Editorial BoardJohn BidwellBigelow Waste Co., Inc.George A. BilliasLouis BiscegliaMr. and Mrs. Clarence BittnerMr. and Mrs. E. Turner Blake, Jr.Charles BlitzerJoseph BlumenthalThe Boeing CompanyMr. and Mrs. John BokMr. and Mrs. William H. BondWilliam E BoniMr. and Mrs. Erank X. BonneauRobert W. BoothGregory Borah and Margaret PlantesMr. and Mrs. Anthony Borgatti, Jr.Jean Borgatti and Donald MorrisonMr. and Mrs. Robert A. BorgattiThe Boston AthensumThe Boston Globe EoundationIn memory of Stephen Botein

Catherine L. AlbaneseM. Marian BoteinAnne CoolidgeCathy N. DavidsonMarion S. DavidsonJames W. Ely, Jr.Robert A. GrossKermit L. Hall

Joseph B. HinerfeldJeffrey H. KaimowitzLinda K. KerberGaryJ. KomblithDennis R. LaurieMary R. McCarlJoel D. MeyersonE. Jennifer MonaghanJune NamiasCharles PolettiClifton R. ReadMr. and Mrs. Kenneth SchoenLouise M. SegalRebecca ShimldnRobert M. SlusserThad W TäteAudrey J. TobiasJack D. Weiler

Eredson T. BowersRebecca M. BowlesPaul S. BoyerCynthia BradburyMichael BradburySyd BradfordMr. and Mrs. Christopher W.

BramleyMr. and Mrs. Roy D. BrazeltonErederic BrewerMr. and Mrs. Karl L. BrielMr. and Mrs. W E. BrightThe British LibraryAllen P. and Veronica W. BrittonJohn C. BroderickJohn L. BrookeJohn S. BrooksBrookfield Machine, Inc.William P. BrothersDiana T. BrownMr. and Mrs. Frederick BrownMary E. BrownRichard D. Brown


Janet B. BrowneMargaret Z. BryanDouglas W. BryantMr. and Mrs. H. Paul

Buckingham IIILawrence I. BuellMr. and Mrs. A. George BullockDean F. BumpusNancy and Randall BurkettFrederick H. BurkhardtClarence A. BurleyHenry L. BurnettPeter N. BurnhamAlyce Adams BurrellDr. and Mrs. Jarrell G. BurrowDavid Burwick Furniture, Inc.Richard L. BushmanMr. and Mrs. George S. ButlerMrs. Roger ButterfieldMr. and Mrs. Harold Cabot, Jr.Mr. and Mrs. Frank CallahanFrank R. CallahanIn memory of Louisa Dresser

CampbellRose L. DresserMr. and Mrs. John Herron, Jr.

Ward M. Canada CenterCanterbury (N.H.) Shaker VillageJohn CanupMr. and Mrs. Kenneth E. CarpenterCharles R. CaryThe Casavant Family Charitable

TrustPhilip CashJoAnn E. CastagnaMr. and Mrs. Fred F. CastleJames Pat CatherThe Reverend and Mrs. James

CavanaughShirley B. CawyerMary K. Cayton

Robert E. CazdenMr. and Mrs. Lon CerelBarbara P. ChadwickAlfred D. Chandler, Jr.Dr. and Mrs. John P. ChandlerPatricia A. ChandleyCarleton B. ChapmanUniversity of Chicago PressChristie'sJonathan M. ChuMr. and Mrs. Richard E. ChurchJ.EClapp,Jr.Beverly L. ClarkCharles E. ClarkChristopher ClarkSterling and Francine Clark Art

InstituteLouise and Jeffrey ClarkeMaurice L. ClémenceEphrata Cloister Associates, Inc.Michèle V. CloonanSamuel C. CoaleDale CockrellMrs. A.O.J. CockshutI Bernard CohenPatricia Cline CohenCorinne A. CollinsDr. and Mrs. Keith CollinsMr. and Mrs. Richard B. CollinsJames J. Colt FoundationMr. and Mrs. Clement E. Conger,

John Jay Hopkins FoundationMr. and Mrs. James E. ConroyMr. and Mrs. John ConwayBrian J. CookStanton R. CookMr. and Mrs. William C. CookEstate of Paul Fenimore Cooper, Jr.Daniel R. CoquilletteGordon L. CorbettPatricia B. Corey

Report ofthe Treasurer 325

Robert J. CormierDr. and Mrs. Ivor CornmanGrant C. CosLloyd E. CotsenNancy F. CottAlfred J. Cotton, Jr.Richard W. CouperMr. and Mrs. Fairman C. CowanThomas Crane Public Library

(Quincy, Mass.)Mr. and Mrs. Richard A. CrawfordLawrence CreminMr. and Mrs. Frederick G. CrockerMr. and Mrs. Walter L. CronkiteKeith CrotzMr. and Mrs. Edward D. CrowleyMr. and Mrs. Ralph D. Crowley, Jr.Charles T. CuUenCharles E. Culpeper FoundadonAbbott L. CummingsJames B. Cummins, Jr.Noble E. Cunningham, Jr.Raymond R. CurrierMerle E. CurdMr. and Mrs. John R. Curds, Jr.John W. CurdsRobert E. CushmanMr. and Mrs. Robert S. CushmanDr. and Mrs. Bruce S. CuderDr. and Mrs. Scott CuderDakotaland MuseumMr. and Mrs. David F. DaltonD. Bradford DamonMr. and Mrs. Bruce G. DanielsJane G. DanielsDartmouth College LibraryLinda G. DavenportArchibald K. DavisCurds Carroll DavisDavid B. DavisElliot B. Davis

James E. DavisMr. and Mrs. Ronald S. DavisNatalie Zemon DavisMr. and Mrs. David L. DeanEvelyn and Vance DearbornAlan N. DegudsUniversity of Delaware LibraryJanet I. DeloreyMr. and Mrs. Bayard T. DeMallieMr. and Mrs. Gardener G. DeMallieMr. and Mrs. Glenn C. DeMallieMary DemingMr. and Mrs. William P. DensmoreH. Mardn DeranianDr. and Mrs. Roger P. DesiletsMr. and Mrs. Francis H. Dewey, 3rdMr. and Mrs. Henry B. DeweyDeWitt Historical SocietyDigital Equipment CorporadonRosemarie I. DinantWayne A. DixonMary K. DobbieDavid DonaldGaylord Donnelley 1983 TrustR. R. Donnelley & Sons CompanyCarol and James DonnellyMr. and Mrs. Robert F. Dore, Jr.Mr. and Mrs. Harry G. Dormán IIIDouglas (Mass.) Historical SocietyMr. and Mrs. Wells B. DowNed W DowningLouise I. DoyleAlexander E. Drapos and Georgia

MacRaeEdward H. DuaneDr. and Mrs. Francis X. Dufault, Jr.Mr. and Mrs. Frederic C. DumaineBradford F. DunbarJohn E. DuncanDr. and Mrs. George R. DunlopMary Maples Dunn


Richard S. DunnMr. and Mrs. A. Hunter DupreeGary T. DwinellDynatech CorporationMr. and Mrs. William P. EarleyThe Honorable and Mrs. Joseph D.

EarlyElizabeth C. Stewart EastwoodEdith Whitcraft EberhartHendrik EdelmanJ. M. EdelsteinJim EdgarMr. and Mrs. Julian I. EdisonThe Edstrom Agency/State Mutual

CompaniesDavid D. EdwardsMr. and Mrs. Julian EisensteinJune H. ElyDr. and Mrs. Roger J. EpsteinMr. and Mrs. Gordon I. EriksonMr. and Mrs. Erancis G. ErmilioErnst & YoungMr. and Mrs. Linwood M. Erskine,

Jr.Louise T. ErskineEssex County (N.Y.) Historical

SocietyJoseph EwanMrs. John C. EwerJonathan L. FairbanksEallon Clinic, Inc.Daniel and Jessie Lie FarberDaniel and Jessie Lie Farber FundThornton and Maryann FarnsworthRudyJ. FavrettiJohn Philip FayenDon E. EehrenbacherEeingold & Feingold Insurance

Agency, Inc.Joseph J. FelconeCatherine M. Fennelly

Alan M. FemHerman W. FergusonShirley FersonNorman FieringP. William FilbyYda and Allen W FilibertiFirst Parish Unitarian Church

(Hubbardston, Mass.)Eugene A. FischerBenjamin F. FisherClerice Z. FisherMr. and Mrs. John E. FlaggFlagship BankBernard J. FlanaganMr. and Mrs. Michael FlemingAllen and Nina FletcherMrs. Paris FletcherEstate of Paris FletcherMr. and Mrs. Warner S. FletcherFLEXcon Company, Inc.Mr. and Mrs. Richard J. FlynnMr. and Mrs. Jay W. FoleyDr. and Mrs. Lawrence J. EoleyMr. and Mrs. Timothy C. ForbesRonald P. FormisanoDennis B. FradinBarbara FrancoFrederick S. FrankJohn Hope FranklinCharles S. Frary, Jr.Ralph L. FrascaGeorge M. FredericksonDora FreebumMr. and Mrs. William W FreehlingArthur FreemanMr. and Mrs. Howard G. FreemanRuth W FreemanMalcolm FreibergFrank FreidelMr. and Mrs. Donald R. FriaryMr. and Mrs. Robert C. Frostholm

Repon ofthe Treasurer 327

Ann Doten FullerRussell E. FullerRuth Coan FultonMr. and Mrs. Stephen D. GabrielianDr. and Mrs. Gerard J. GadboisPaul GafftieyGannett FoundationJenkins GarrettWendell D. GarrettMr. and Mrs. William F. GaskoJoanne GrayMorris A. GelfandMrs. Kenneth W. GemmillEugene D. GenoveseDr. and Mrs. John GeorgeFrederick GeorgianGetty FoundationGettysburg CollegeMr. and Mrs. Loren GhiglioneAlan GibsonJames W GilreathRobert and Madeline GiseMr. and Mrs. Peter A. GlazierDr. and Mrs. Wayne B. GlazierMr. and Mrs. Richard H. GlewPhyllis L. GoddardDavid R. GodineS. Howard GoldmanStephen A. GoldmanDr. and Mrs. John GoldsberryHorace W. Goldsmith FoundationMrs. Horace GoochGeorge T. GoodspeedGoodspeed's Book ShopSusanJ. W GordonMr. and Mrs. David F. GouldWilliam A. Gramps and Cynthia A.

KopplerThe Grainger FoundationClifford E. GrangerGraphics Press

Mr. and Mrs. Robert E. Gray, Jr.Greater Worcester Community

Foundation, Inc., Polly C. &Joseph R. Carter Fundand Jeppson Memorial Fund

Mary C. GreenNoreen and Ivan GreenMr. and Mrs. Robert F. GreenJoel P. and Anne S. GreeneWendy GreenhouseGreenwood Press, Inc.Mr. and Mrs. William H. Greer, Jr.William M. Grier, Jr.Gerald N. GrobPearce S. and Rita Ruth GroveAmy Elizabeth GrovesJohn Simon Guggenheim Memorial

FoundationVictor GulottaPhilip E GuraMrs. O. Vincent GustafsonMrs. Willis N. Hackney IICharles C. Hafftier IIIMr. and Mrs. Joseph H. HaganJon and Pat HaglundDonald and Pirjo HaiesRobert D. Haines, Jr.Clarence E. HaleLinda Hall LibraryMichael G. HallChester T. HallenbeckMr. and Mrs. Robert P. HallockPatricia A. HalpinAnna HamiltonGeorge and Constance HamiltonWilliam Hamilton and Janet Guy-

HamiltonWilliam T. HamiltonJohn Hancock Charitable TrustOscar HandlinArchibald Hanna


The Hanover Insurance CompanyKaren V. HansenDr. and Mrs. James B. HanshawJudith C. HarboldDorothy H. Harding, in memory of

George HardingHardwick Knitted Eabrics, Inc.Pamela K. HarerHenry J. HarlowLucille A. HarneyHelen Harold and Ned JarlburtMelinda T. HarperErank L. Harrington, Jr.Mr. and Mrs. George C. HarringtonMr. and Mrs. James H. HarringtonLouise C. HarringtonCrockett Allen HarrisonMichael HarrisonJames D. HartHarvard College LibraryNathan O. Hatch

John Hay Library, Brown UniversityDorothy E. HayesErnest S. HayeckJohn W. HaynesThe Howard and Martha Head

Eoundation, Inc.Mr. and Mrs. James N. Heald, 2ndThe Heald EoundationThe Richard A. Heald EundHealth Plans, Inc.Mr. and Mrs. Austin A. HeathD. C. Heath and CompanyMr. and Mrs. Howell J. HeaneyAlan HeimertJohn G. Hellebrand, PalinurusMr. and Mrs. David B. HellerHenry H. Hemenway and Mimi

PaintonJohn and Lea HenchJ. Welles HendersonDr. and Mrs. John W Henderson

Hennepin County (Minn.) HistoricalSociety

James A. HenrettaMr. and Mrs. Erederick W.

HequembourgHeritage Book Shop, Inc.Mr. and Mrs. John HerronJames J. HeslinRobert G. HessWilliam and Elora Hewlett

EoundationEdgar G. HeylJack HickersonMr. and Mrs. Milton P. HigginsRichard C. HigginsJohn HighamDr. and Mrs. Donald HightBrooke HindleHirschl & Adler Galleries, Inc.The Historic New Orleans

CollectionH. Wiley HitchcockMr. and Mrs. John E. HodgsonSamuel HodgsonJames E. HoganMr. and Mrs. Robert J. HoganThe Honolulu AdvertiserJames HoopesGary T. HorlacherMr. and Mrs. Arthur A.

Houghton, Jr.Houghton Library, Harvard

UniversityHoughton Mifflin CompanyMr. and Mrs. Richard P. HoulihanMr. and Mrs. Richard HoustonJack and Linda HowardJoan M. HoyMichael R. HumphreyJill and Bill HuntNason A. HurowitzUniversity of Illinois Press


Illinois State ArchivesImperial Distributors, Inc.International Business Machines

CorporationMrs. Donald A. IrelandMr. and Mrs. Wilham D. Ireland, Jr.Holly V.IzardSidney JackmanMr. and Mrs. Frederick H. JacksonMr. and Mrs. M Howard JacobsonJamesbury Corp.Tay Ann JayJenkins Publishing CompanyBojan H. JenningsJohn M. JenningsMr. and Mrs. David JensenMr. and Mrs. John Jeppson, 2ndThe Jockey Hollow Foundation, Inc.Frederick H. Johnson, Jr.Elizabeth A. H. JohnDr. and Mrs. Robert A. JohnsonGeorge F. JonesKenneth S.JonesIn memory of Kenneth S.Jones

Mary E. BallardMaryellen BlaneyMr. and Mrs. Thomas M. BraleyMary E. BrownMr. and Mrs. John A. ButhrayJoanne D. ChaisonContinental Tire-N.A.Lawrence M. HurwitzDennis R. LaurieMr. and Mrs. Thomas P. LaVigneMarcus A. McCorisonPadula Brothers, Inc.Mr. and Mrs. Carl M. PaharikMelvin M. RosenblattMr. and Mrs. Kasper SafferMr. and Mrs. Herbert M. Varnum

Daniel P. Jordan

Robert M. Jordan, Jr.Winthrop D. JordanMr. and Mrs. Gordon W. JosephsonAlvin M. Josephy, Jr.William D. JoyceFlorence M. JumonvilleMichal and Norman KaneAlan KanterJeremiah KaplanSidney KaplanStuart KamDavid KaserAlfred H. KastbergIkbal and Penelope KathiwalaMr. and Mrs. Stanley N. KatzMr. and Mrs. John E. Keenan, Jr.Mary KelleyDr. and Mrs. W. David KellyAudrey L. KempfEugene E. KenagaMr. and Mrs. James B. Kenary, Jr.Mr. and Mrs. James B. Kenary IIIRoger KennedyMrs. Kevin J. KennellyMr. and Mrs. Robert B. KervickRalph L. KetchamRichard W. KimballVincent KinaneMr. and Mrs. B. A. KingMartha J. KingPatricia M. KingMr. and Mrs. Donald J. KippRichard S. KirkendallE. Bruce KirkhamRobert F. KirkpatrickMilton M. KleinAlbert T. KlybergMr. and Mrs. Russell W. ElnightEdward H. KnopMr. and Mrs. Elliott B. KnowltonWilliam A. Koelsch


Augusta H. KresslerJoyce and Steven KresslerPeter KrikorianSteven KrintzmanMr. and Mrs. Barry KrockDonald W. KmmmelRichard C. KuglerDiane R. KunklerKaren O. KuppermanRuah and John LaheyMr. and Mrs. Henry William LajoieHoward R. LamarW. Kaye LambMr. and Mrs. John LancasterMills B. Lane IVVirginia M. LaneMr. and Mrs. Warren C. Lane, Jr.Mr. and Mrs. William H. LaneDavid M. LankMr. and Mrs. Julian L. LapidesDr. and Mrs. Leonard LasterEdward Connery LathemDennis R. LaurieMr. and Mrs. Robert M. LavineCarolyn M. LaytonMr. and Mrs. Edward LazareKenneth G. LeachLeBrun Library, Montclair Art

MuseumMr. and Mrs. J. A. Leo LemayMr. and Mrs. David LemoineMr. and Mrs. Charles LenisBruce Le RoyH. Bruce LeslieRussell Le VanDr. and Mrs. Stanley M. LevensonNorman B. LeventhalDavid LevinMaurice I. LevinSally LevinsonThe Library Company of

Philadelphia

Ronald and Isabel LiebermanThe Lilly Library, Indiana UniversityMr. and Mrs. Crawford LincolnLouis A. Warren Lincoln Library and

MuseumMarshall E. LindenMr. and Mrs. Bertram K. LitdeDavid B. LitdeLeon F. LitwackMr. and Mrs. Robert P. LombardiStephen E. LongMr. and Mrs. Charles R. LongsworthMr. and Mrs. Stephen B. LoringJohn M. LovejoyDr. and Mrs. Franklin M. LoewMason I. Lowance, Jr.Margery M. LowensKent P. LjungquistKlaus LubbersJohn W. LundWeyman I. LundquistLundquist Tool & Mfg. Company,

Inc.James R. LynchJohn F. LynchLynn (Mass.) Historical SocietyDr. and Mrs. James C. McCann, Jr.McCarthy, Hargrave & Co.Mr. and Mrs. John M.

McClelland, Jr.Mrs. J. L. McCorisonMr. and Mrs. Marcus A. McCorisonRoss W. McCurdyJohn J. McCuskerForrest McDonaldMr. and Mrs. Myles McDonoughMr. and Mrs. Neil McDonoughRob Roy MacgregorMichael and Ingrid MachDavid P. McKayGeorge W. McKinney IIIWilliam G. McLoughlin

Repon of tbe Treasurer 331

Mr. and Mrs. Martin D. McNamaraRobert L. McNeil, Jr.Philip J.McNiffMr. and Mrs. J. Robert MaguirePauline R. MaierRobert and Minh MaillouxGloria L. and Jackson T. MainGuido MajnoMrs. R. DeWitt MallaryDorothy Sue MaloneJ. J. MaloneRobert P. MammenRonald and Kathleen ManionMr. and Mrs. Richard ManneyCharles Manoog, Inc.Bridget A. ManoogianEugene J. Mariani, Jr.Marietta College, Dawes Memorial

LibraryKay MarquetMr. and Mrs. F. William Marshall, Jr.Martin E. MartyLouis L. MartzMr. and Mrs. Steven MarxCharles E. Mason, Jr.Robert J. MasonMassachusetts Cultural CouncilMassachusetts Foundation for

Humanities and Public PolicyMr. and Mrs. Robert K. MasseyLouis P. MasurMechanics BankPaul MellonMr. and Mrs. Donald R. MelvilleMr. and Mrs. Charles W. MelloThe Andrew W Mellon FoundationC. Phelps MerrellMr. and Mrs. George H. MerriamAnne P. MerrillKingMerritt,Jr.Robert G. MerrittMeyer Boswell Books, Inc.

Mr. and Mrs. Forbes MichieMr. and Mrs. Henry T. MichieRobert MiddlekauffMr. and Mrs. Douglas MidwoodGary MilanC.William MillerMr. and Mrs. Harold T. MillerLillian B. MillerLorraine and Michael MillerNorma C. MillerMr. and Mrs. John O. MirickMary T. MiritelloWilliam A. MitchinerMohawk Paper Mills, Inc.Roger MohovichPaul P. Monahan, Jr.MonsantoMr. and Mrs. Dennis MooreMr. and Mrs. Barrett MorganEdmund S. MorganMr. and Mrs. Paul S. MorganMr. and Mrs. Peter S. MorganRich MorganMorgan-Worcester, Inc.Mr. and Mrs. Elting E. MorisonMr. and Mrs. Donald N. MottHoward S. MottMr. and Mrs. Wesley T. MottSusan J. MotykaMr. and Mrs. Thomas R. MountainKenneth J. MoynihanMunson-Williams-Proctor InstituteFranklin D. MurphyJohn T. MurraySandra L. MyresNathaniel A. NashNational Air and Space MuseumNational Endowment for the

HumanitiesJane P. NealeMr. and Mrs. Kenneth NebenzahlMatthew Needle


Bette June NelsonMr. and Mrs. Donald F. NelsonJohn M. NelsonMr. and Mrs. Christopher S. NesbittNew Bedford (Mass.) Free Public

LibraryNew England Electric SystemThe New-York History SocietyThe New York State LibraryNew York Times Company

Foundation, Inc.Newcomen Society ofthe United

StatesEric P. NewmanNewtel Associates, Inc.Arthur W. NicholsNortheast Modem Language

AssociationJudith NortonNorton Company Foundation, Inc.Robert NourseDoyce B. Nunis, Jr.Jane C. NylanderOakland (Calif.) MuseumStephen B. OatesFrances L. O'ConnellJeremy O'ConnellPaul R. O'Connell, Jr.Mr. and Mrs. Thomas D. O'ConnorDoris N. O'KeefeMr. and Mrs. Allen H. OjerholmPriscilla D. OlderDonald OresmanJean C. OsborneWilliam B. OsgoodMr. and Mrs. Calvin P. OttoPaul H. OwenPacific EnterprisesMr. and Mrs. Stephen D. PainePaine Webber, Inc.Nell Irvin Painter

Alan and Leonore PakstisDr. and Mrs. Arthur M. PappasParamount Communications, Inc.Grace M. ParkerParnassus Book ServiceParallelodrome, Ltd.Judith PasamanickGlendora PastonAmelia Peabody Charitable FundJames S. Pease and Janice C.

HitzhusenHoward H. PeckhamThoru and Judith PedersonClaibome PellMr. and Mrs. Pierre J. PelletierPennsylvania German SocietyPennsylvania State University

LibrariesState Library of PennsylvaniaLeslie and Richard PentlandEdward M. PerdueDonald R. PerkinsMr. and Mrs. David A. PerskyDemetra PetersKate B. and Hall James PetersonMerrill D. PetersonMr. and Mrs. Robert PetrillaMr. and Mrs. William O. Pettit, Jr.Carolyn PfauPhoenix PublishingBernard PicusMrs. Edmund PiehlerRita A. PierceRobert B. PierceRobert S PirieMr. and Mrs. Stephen PitcherBruce PlummerPolar CorporationJessie J. PoeschJane R. PomeroyMr. and Mrs. Hustace H. Poor


Mr. and Mrs. Billy R. PostonPresmet CorporationKathryn PreyerMr. and Mrs. Richard ProutyJules D. PrownErancis P. PruchaQuabaug Charitable EoundationIda Jane QuackenbushBenjamin A. QuarlesQuincy Historical SocietyMr. and Mrs. Robert M. QuinlanJewell D. QuinnQuinsigamond Community CollegeR & R Plumbing Supply Corp.Jonathan and Jenique RadinRita RaffmanElizabeth H. RaganBruce J. RamerMr. and Mrs. Andrew V. RapozaMr. and Mrs. J. Douglas RappE. Harvey RaynerRedwood Library & AthenœumMr. and Mrs. William S. ReeseREECO, Inc.Joseph P. ReidyMr. and Mrs. John E. ReillyNathan ReingoldRems ResearchJohn RenjilianStephen ResnickLinwood M. Respess, Jr.Glenn D. Reyer and Mary SeraichickMr. and Mrs. John E. ReyndersErederick L. ReynoldsMr. and Mrs. Charles A. Rheault, Jr.James B. RhoadsAlbert W Rice Charitable

EoundationElisabeth Muir RichardsRobert and Kathleen RichardsonSusan C. Richardson

Marvin Richmond PhotographersDelores RichterMaurice RickardsLinda B. RicklesWendy RicklesCarol J. RiggleStephen T. RileyPeter M. RinaldoMr. and Mrs. Arthur G. RippeyJames A. RivesBarnes RiznikMrs. James R. RobbinsLinda and Ted RobbinsMalama RobbinsErnest L. RobertsBurton RobieMr. and Mrs. J. Oscar RocheleauDr. and Mrs. Paul H. RockeyRosamond S. RockwellMr. and Mrs. Sherburne B. Rockwell,

Jr.Mrs. William RoderickGeorge C. Rogers, Jr.Rolex Watch U.S.A., Inc.Josh and Mary RosenbloomBernard M. RosenthalMr. and Mrs. Paul RossiMr. and Mrs. Steven RotmanRotmansRebecca RourkeMr. and Mrs. Lawrence RubinPeter and Patricia RuggC. Dianne RughRob Rulon-MillerEvelyn H. RussellRobert A. RutlandMary P. RyanCharles A. RyskampIsrael Sack, Inc.Anne and Jonathan SadickMarvin S. Sadik


Mr. and Mrs. Lester SadowskyMorris H. SaffronSt. Albans (Vt.) Historical SocietySt. Lawrence University, Owen D.

Young LibrarySt. Louis Mercantile Library

AssociationJoel L. SamuelsMr. and Mrs. George B. Sanders, Jr.Julie Martin Sanders and John W.

RowellEllis SandozMr. and Mrs. Duane T. SargissonMargaret L. Savage and Benjamin S.

PerryEvelyn SawinMr. and Mrs. Charles H. SawyerMr. and Mrs. John E. SawyerMrs. Dwight SaylorMr. and Mrs. William F. Scannell, Jr.Scarecrow Press, Inc.Mr. and Mrs. Leo ScarletMr. and Mrs. Lance SchachterleC. J. ScheinerSally and Ben R. SchenckArthur F. SchraderMr. and Mrs. William H. ScheideJustin G. SchillerMr. and Mrs. Leonard B. SchlosserMrs. Frederick A. SchotteRichard and Sue SederDr. and Mrs. Charles J. SedgwickJohn D. SeelyeDavid A. SeidenbergMr. and Mrs. William S. SenecalSeventh Day Baptist Historical

SocietyGeorge C. SeyboltStanley ShapiroNorman L. SharftnanShawmut Bank, N.A.

Shawmut Charitable FoundationShawmut Worcester County Bank,

N.A.Shearson Lehman Hutton, Inc.Margaret E. Sherman TrustShiloh MuseumMr. and Mrs. Carl ShirleyHistory of Shrewsbury (Mass.)

Educational CommitteeMr. and Mrs. Philip ShwachmanBarbara SichermanFrank T. Siebert, Jr.Herbert J. SiegelMr. and Mrs. Herbert T. Silsby, 2ndKenneth SilvermanFrank SimerlyAlan SimpsonDonald A. SimpsonKent SinclairArlene and David SjostenLue and Don SkaggsSkinner, Inc.Kathryn K. SklarMr. and Mrs. Harold K.

Skramstad, Jr.Carol J. SleeperMr. and Mrs. Michael D. SleeperRichard S. SlotkinVirginia SmallChristopher G. SmithDanny D. SmithDwight L. SmithHarold W. SmithJatnes Avery SmithJeremy W. SmithM. Roe SmithWalter Burges Smith IIWalter E. SmithBetty Pond SnyderNaren and Lynnette SodhaEdwin H. Sojka

Report ofthe Treasurer 335Barbara M. SolomonBarbara L. SolowRobert W. Sorrend and Lynda M.

YoungUniversity of Southern MaineMr. and Mrs. Albert B. SouthwickDr. and Mrs. Ivan M. SpearMr. and Mrs. Frank O. SpinneyDavid H. StamKenneth M. StamppLewis M. StarkKevin StarrState Mutual Life Assurance Co.Theodore E. Stebbins, Jr.Geoffrey SteeleMr. and Mrs. Richard C. SteeleMr. and Mrs. Matthew StepanskiMadeleine B. StemJohn F. Stevens and Nancy Duval

BenibeRobert C. StevensDavid SdllmanMrs. Thomas B. SdnsonMrs. Robert W StoddardMr. and Mrs. Roger E. StoddardMr. and Mrs. Donald K. StraderMr. and Mrs. Frank S. StreeterMr. and Mrs. Henry S. StreeterBetty and Leo StyerBarbara W. Sudler and William

HornbyMr. and Mrs. Thomas J. SullivanMr. and Mrs. William F. SullivanMr. and Mrs. Arthur Ochs

SulzbergerLeslie C. SwansonRobert SweetallMrs. David D. SwettElaine K. SwiftRonald N. TagneyMr. and Mrs. Charles J. Tanenbaum

James TanisG. Thomas TanselleBarry TaperThad W. TäteDavid F. Tatham and Cleota ReedAlan TaylorRobert J. TaylorW. Davis TaylorMr. and Mrs. William O. TaylorFrank H. Teagle, Jr.Dr. and Mrs. Daniel G. TearMartha F. TepperTextron, Inc.Mr. and Mrs. Stuart ThayerTeresa Ann ThomasThomas and Judy ThomsonJames ThorpeEleanor M. TiltonMr. and Mrs. Sumner B. Tilton, Jr.Mr. and Mrs. Woodbury C. TitcombMr. and Mrs. Jatnes P. TivnanBarbara M. ToelkenMr. and Mrs. John O. TombMr. and Mrs. Jon A. TowneLawrence W TownerJoyce Ann TracyRichard and Margaret TrainaDr. and Mrs. Robert E. TranquadaTrinity College, Watkinson LibraryLouis L. TuckerPatricia A. TurnerCharles E. TutdeGeorge H. TweneyRon TylerHelen S. UUmannClement P. UlmerMr. and Mrs. Mark R. UngererUnited States Department of State,

Art in Embassies ProgramUniversity Press of New EnglandUPA Academic Edidons


Rohit and Francine VakilCarmen D. ValentinoThomas and Carol van BerkelDick Vanden BergMr. and Mrs. Frank E. VandiverMr. and Mrs. Roger E. VarnumMr. and Mrs. Alden T. VaughanKathleen VerduinClarence L. Ver SteegMaris A. VinovskisVirginia State LibraryJames A. VisbeckVose GalleriesSandra L. WadoskiRobert Waldo and Martha NolanMarjorie A. WalkerMr. and Mrs. Alexander J. WallAnthony F. C. WallaceMr. and Mrs. John M. WallachThe Walpole SocietyJohn WalshDr. and Mrs. Robert L. WaltonMr. and Mrs. Joseph P. WardRobert M. WarnerWilcomb and Kathy WashbumWashington Mills Electro Minerals

Corp.Washington State Capital MuseumSally B. WattersH. Clifford WattsMr. and Mrs. Glenn WeaverKristin B. Webb and Bruce E.

MacMillanNita L. WebbAnna T. WebberJohn and Geralyn WebsterRobert WedgeworthBruce I. WeinerRobert W. WeinigLeo M. WeinsRobert M. Weir

Frederick S. WeiserStephen and Vicki WeissmanElizabeth A. WelchJames M. WellsRush WelterJames A. WeluMr. and Mrs. Joseph S. Wesby IIIWestvaco CorporationJane and Jay WhearleyBarbara K. WheatonMr. and Mrs. William A. Wheeler IIIFred White, Jr.Kevin WhiteMorton G. WhiteStanton WhitmanC. D. Whitney AgencyPhyllis and Dick WhittenWheaton WilbarH.JohnWilcoxJames Russell WigginsCharles L. WilliamsMr. and Mrs. Peter H. WilliamsRichmond D. WilliamsAl WilliamsonJohn WilmerdingThe H. W Wilson FoundationMichael B. WinshipCalhoun WintonState Historical Society of WisconsinConstance WithstandleyLaurence C. Witten 11Patricia WoellmerMr. and Mrs. Edwin Wolf, 2ndMr. and Mrs. Richard J. WolfeCharles B. Wood IIIPeter A. WoodPeter H. WoodElisabeth WoodbumMr. and Mrs. John C. WoodburyWoodbury and Company

Incorporated

Repon ofthe Treasurer 337

Douglas P. Woodlock Olin S. Wright, Jr.Anita C. Woodward Robert L. WrightRobert C. Woodward Gervaise Wynn-PerdueMr. and Mrs. Jan Woolhouse Xavier University LibrariesMr. and Mrs. John M. Woolsey, Jr. G. Kenneth YatesWorcester Center Associates Mr. and Mrs. William A. YoffieWorcester County Institution for Alfred F. Young

Savings Margaret YoungWorcester Knitting Company, Inc. Mary YoungWorcester Telegram & Gazette Helen YoungerWorcester Telegram & Gazette, Mr. and Mrs. Marshall J. Zamansky

in memory of Larzer ZiffCécile M. Chaisson Mr. and Mrs. Michael ZinmanLucille Elkins Hiller B. ZobelLaura M. Gravel John T. ZubalElizabeth A. Gendron Mr. and Mrs. Thomas D. ZumwaltMarion Goodrich Robert and Vicki Zwerdling

DONORS OF CAPITAL FUNDSUNRESTRICTED EUNDS

Arthur Adams Trust Mrs. Keyes D. MetcalfGeorge S. Barton William D. MillerLester J. Cappon Albert W. RiceH. Dunscombe Colt Mary Gage RiceGrace Colton Stephen Salisbury IIIThe Development Program Fund Russell M. Stobbs FundSinclair Hamilton Stoddard Charitable TrustJohn W Higgins Henry R. VietsMary S. Higgins Guy W. WalkerRobert Hitchman Elizabeth WeisEsther Forbes Hoskins d'Alté A. WelchDaniel W Lincoln Nathaniel WheelerCarl and Grace Medinus George G. Wolkins

RESTRICTED FUNDS

Ruth E. Adomeit The Bookbinding FundThe Ahmanson Fund for Publication Hamilton V. BailEbenezer Alden Mark Bortman

338 Am.erican Antiquarian Society

Clarence W. BowenStephen Botein Memorial EundClarence S. and Alice Comstock

BrighamChandler BullockLouisa Dresser Campbell Memorial

Eund

Charles A. ChaseGeorge Watson ColeThe Computer EundPhilip H. CookHenry W CunninghamMary H. Cunningham

TRUSTS

Russell S. Paine Horace McEarland

FUNDS RESTRICTED TO THE PURCHASE OE RESEARCH MATERIALS

Isaiah Thomas Eund, 1858Isaac and Edward Davis, 1868Benjamin E. Thomas, 1879Samuel Eoster Haven, 1881George Chandler Gift, 1884Erancis H. Dewey, 1888George E. Ellis, 1896John and Eliza Davis, 1900Samuel A. Green, 1919Henry E DePuy, 1925Bernard Christian Steiner, 1926George Watson Cole, 1940Donald McKay Erost, 1958Harriette Merrifield Eorbes, 1963John Thomas Lee, 1967Emma Eorbes Waite, 1970General Library Acquisition Eund,

•975Michael Papantonio Memorial Eund,

1978Roderick Stinehour Eund, 1978Bradford E. Swan, 1978Harry G. Stoddard Memorial Eund,

1982Edward D. and Kathleen Donnelly

CrowleyEund, 1983Harold Hugo Memorial Eund, 1984

Bank of Boston, 1986Henry Bowen Dewey, 1986Erederick W and Helen D.

Hequembourg, 1986Linda E and Julian L. Lapides, 1986Herbert E. Lombard Eund, 1986Thomas Winthrop Streeter Eund,

1986Robert and Mary S. Cushman, 1987Jeremiah Kaplan Eamily, 1987Roger E. and Helen Stoddard, 1989The Chair Eund, 1990Isaac Davis Eund, 1990Edwin Wolf, 2nd, Eund, 1990Bruce G. Daniels and Eleanor

Daniels HodgeThe Ered Harris Daniels EundAndrew M. DavisIsaac DavisJohn and Eliza DavisEliza DodgeEducation Endowment EundGeorge E. EllisEellowship Endowment EundParis Eletcher EundLee M. EriedmanMabel Knowles Gage


O. Vincent and Margery GustafsonFrank L. and Louise C. HarringtonAldus C. HigginsJames H. HunnewellDonald A. and Geneviève R. IrelandRobert A. and Minna Flynn JohnsonThe Alden P. Johnson Endowment

for PublicationNathaniel T. KidderLevi LincolnThe Manuscript Endowment FundAlbert MatthewsThe Andrew W Mellon FundThe Newspaper Endowment FundGrenville H. NorcrossNathaniel PaineKate B. and Hall James Peterson

Fellowship FundJames D. PhillipsCharles A. Place

Samuel R. and Marie-LouiseRosenthal Fund for Conservation

Stephen Salisbury, Jr.Charles and Katherine SawyerSawyer Fund for ConservationFoster StearnsGeorge R. StobbsWilliam F. and Elizabeth C. SullivanRobert H. Taylor Publication FundJoseph A. TenneyIsaiah Thomas FundHenry R. WagnerAlbert G. WaiteWilliam Henry WallerCharles F. WashbumAlbert H. WhitinJames L. WhitneyThe James Russell Wiggins

Lectureship FundJames B. Wilbur

report ofthe treasurer

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