How does the Smithsonian make money?

The Smithsonian has two sources of funding – federal appropriations and income generated from gifts, revenue-generating activities, and investments (referred to as Smithsonian “trust funds”). However, the Smithsonian is one legal entity.

Is the Smithsonian owned by the government?

Is The Smithsonian Part of the Government? The Smithsonian is a Trust Instrumentality of the United States. The Smithsonian receives an annual Congressional appropriation that accounts for approximately 2/3 of our total budget.

How much does the head of the Smithsonian make?

The majority of the executives were clustered around $150,000. The Deputy Secretary and Chief Operating Officer earned $400,000, and Under Secretaries earned from $315,000 to $440,000. Compensation for museum directors ranged from $145,000 to $268,555.

How is the Smithsonian procuring items for this new collection?

The Smithsonian supports the use of priority sources, such as vendors under UNICOR (formerly the Federal Prison Industries program), Ability One program, and General Services Administration supply sources or vendors with GSA contracts.

Who funded the Smithsonian?

1, 2020–Sept. 30, 2021) is $1 billion. The Institution is 62\% federally funded (a combination of the congressional appropriation and federal grants and contracts).

How old is Lonnie Bunch?

69 years (November 18, 1952)
Lonnie Bunch/Age

Who is the head of the Smithsonian Institution?

Lonnie Bunch (Jun 16, 2019–)
Smithsonian Institution Offices/CEO

Lonnie G. Bunch III is the 14th Secretary of the Smithsonian. He assumed his position June 16, 2019.

How much money is the Smithsonian Institution funded by the government?

The Smithsonian’s federal funding for fiscal year 2021 (Oct. 1, 2020–Sept. 30, 2021) is $1 billion. The Institution is 62\% federally funded (a combination of the congressional appropriation and federal grants and contracts).

Who was the first president to build the Smithsonian?

Eight years later, on Aug. 10, 1846, an Act of Congress signed by President James K. Polk established the Smithsonian Institution. The Smithsonian Institution Building, commonly known as the Castle, was designed by architect James Renwick and constructed between 1847 and 1855.

How many objects are in the Smithsonian National Museum of Science?

Smithsonian Collections The total number of objects, works of art and specimens at the Smithsonian is estimated at nearly 155 million, of which nearly 146 million are scientific specimens at the National Museum of Natural History.

What is the Smithsonian Institution traveling exhibition service?

Traveling exhibitions—The Smithsonian Institution Traveling Exhibition Service (SITES) organizes exhibitions on art, history and science and circulates them around the country. Each year, SITES travels more than 40 exhibitions to hundreds of U.S. cities and towns in every state, where they are viewed by millions of people.