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

Smithsonian Castle Catches Fire, Closes for Day

The fire what accidental and "electrical in nature," the fire department said in an update. The castle, also known as the Smithsonian Institution Building, is home to the Smithsonian Institution's administrative offices and information center. It has items ...
Posted: August 16, 2017, 5:24 pm

Smithsonian chooses fast food over education

The Smithsonian Institution was founded 171 years ago with the mission of “the increase and diffusion of knowledge.” Add to that mission today the following: “You want fries with that?” The venerated Smithsonian Institution’s National Museum of ...
Posted: August 17, 2017, 1:00 am

You Should Know … Tony Cohn

The 24-year-old Deerfield, Ill., native hosts the Smithsonian podcast “Sidedoor,” which explores the stories behind the venerable institution. With his Ari Shapiro-like voice and his genuine enthusiasm for his job, Cohn, for the past two seasons ...
Posted: August 18, 2017, 4:00 am

The Playbook Interview: David Skorton, Secretary of the Smithsonian

Skorton, who helped celebrate the Smithsonian’s 171st anniversary last week, said that while the scientific and historical aspects are perhaps the most famous, the arts are a just as crucial part of the institution's mission: “I didn’t want to use a ...
Posted: August 18, 2017, 2:45 am

Smithsonian Denies Black Pastors' Request to Remove Bust of Planned Parenthood Founder

So a coalition of black pastors wrote to the Smithsonian Institution asking that it remove a bust of Planned Parenthood founder Margaret Sanger. LifeNews reports that the Sanger sculpture is located in Smithsonian's “The Struggle for Justice” exhibit.
Posted: August 17, 2017, 2:08 pm
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