Smithsonian Institution Net Worth is1,241 Revenue in $mil
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Established: August 10, 1846
Location: Washington D.C. and elsewhere
Secretary: G. Wayne Clough
Website: [http://www.si.edu/ si.edu]
The Smithsonian Institution ( /smE?I,E?soE?niE?n/ smith-SOH-nee-E?n), established 1846 "for the increase and diffusion of knowledge", is a group of museums and research centers administered by the United States government. Termed "the nation's attic" for its eclectic holdings of 137 million items, the Institution's Washington, D.C. nucleus of nineteen museums, nine research centers, and zooa??many of them historical or architectural landmarksa??is the largest such complex in the world. Additional facilities are located in Arizona, Maryland, New York City, Virginia, Panama and elsewhere, and 168 other museums are Smithsonian affiliates. The Institutions's thirty million annual visitors are admitted without charge; funding comes from the Institution's own endowment, private and corporate contributions, membership dues, government support, and retail, concession and licensing revenues. Institution publications include Smithsonian and Air & Space magazines.
British scientist James Smithson (d. 1829) left most of his wealth to a nephew, but when the nephew died childless in 1835, under Smithson's will the estate passed "to the United States of America, to found at Washington, under the name of the Smithsonian Institution, an Establishment for the increase & diffusion of knowledge among men." Congress officially accepted the legacy bequeathed to the nation, and pledged the faith of the United States to the charitable trust on July 1, 1836. The American diplomat Richard Rush was dispatched to England by President Andrew Jackson to collect the bequest; Rush returned in August, 1838 with 105 sacks containing 104,960 gold sovereigns (about $500,000 at the time).
Once the money was in hand, eight years of Congressional haggling ensued over how to interpret Smithson's rather vague mandate "for the increase and diffusion of knowledge." Unfortunately the money was invested[by whom?]in bonds which soon defaulted. After heated debate, Massachusetts Representative (and ex-Pres

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Smithsonian Institution Latest News

The Plan to Save the Most Important Piece of the Space Race

"When Apollo 11 landed on the moon and humans first stepped on another celestial body, it changed the way we saw ourselves," said Secretary of the Smithsonian Institution David Skorton at the press conference. Although the project will commence within a ...
Posted: February 24, 2017, 6:16 am

Communities sought to host Smithsonian water exhibit

Sites will be selected to host the exhibition for five or six weeks each with support and materials from Humanities Nebraska and the Museum on Main Street program of the Smithsonian Institution Traveling Exhibition Service. The selected sites will be asked ...
Posted: February 24, 2017, 12:09 am

Smithsonian Selects The Museum of Flight to Exhibit Apollo 11

The Smithsonian Institution announced at a ceremony today that the Apollo 11 command module Columbia–the only portion of the historic spacecraft to complete the first mission to land a man on the moon and safely return him to Earth–will be exhibited at ...
Posted: February 24, 2017, 5:25 am
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