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

Take a Smithsonian Tour of All Things Presidential

When President Teddy Roosevelt left office in 1909, he turned to the Smithsonian Institution with a post-executive plan. He offered to head up an expedition to the African continent to collect specimens for the collections. By train, horse, camel and ...
Posted: January 17, 2017, 1:01 pm

Exploring The Wonders Of The World: Smithsonian Museums, Galleries, And Zoo

19 museums and galleries and the National Zoological Park of the Smithsonian Institution attract a large number of tourists every year. The Smithsonian was created for the purpose of increasing and propagating knowledge. It includes a group of museums ...
Posted: January 13, 2017, 7:15 am

Smithsonian Hears Call for Women’s Museum

Leading women from politics, the arts and other fields urged President-elect Donald Trump on Monday to support a new national women’s museum in Washington that would be affiliated with the Smithsonian Institution. At a meeting in New York to give ...
Posted: January 9, 2017, 1:12 pm
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