SWEDENBORG

EOUNDA TION,
INCORPORATED

tfed oriQf
SWEDENBORG FOUNDATION

X 1966
196 7
A
 SWEDENBORG FOUNDATION, INCORPORATED

Highlights — Fiscal Year 1967

Thousands FINANCIAL
of
Dollars

FISCAL YEAR
1967 1966

Income SI0I.763. S90.280.

Outgo ^100,255. $77,445.

Where Each Dollar Went

BOOK DISTRIBUTION..
OPERATING EXPENSE
PERSONNEL.
PROMOTION.
GRANTS.
PROFESSIONAL SERVICES

Contents:
PAGE
PAGE
Highlights:— Financial.
Bequests & Gifts:—Received during the year. 8
Volumes Distributed .... . 3
Charter Purposes .... Donors. 17-19
Statistics:—Books printed and purchased. 9
Directors and Officers ..
President's Report.. Books distributed. 9-10
Accountant's Report. j j
Life Members:—In Memoriom
Financial Statements. 12-16
New Members.
Living Memorials. 22
Present Membership . .20-21 Legacy Forms, etc. 29_?q

2
 Direct Costs of Volumes Distributed

LEGEND

Number of
Volumes Cost of
Distributed Books

— Commercial
Paperbacks
EE
=

Donations

1 Direct
Sales

Cumulative Total of Volumes Distributed

1850-1967

DONATED GRAND TOTAL

SOLD

1,363,769"" 2,007,197
643,428"

* Includes 4l,7oo copies of paperback editions contracted for with commercial publishers
and distributed through their own outlets.

.. Includes 46.278 volumes distributed to clergy in 1949-196? on behalf of the lungerich

Fund.
 Charter Purposes of the Foundation

The purposes and powers of the Foundation are to print, publish, circulate and distribute the theological,
scientific and other works and writings of EMANUEL SWEDENBORG, for benevolent, charitable, scientific,
missionary and philanthropic purposes, as well as annotations, commentaries thereon and extracts therefrom,
and to purchase, sell, translate into any language, edit and advertise such works and writings; to print, publish,
circulate, purchase, or sell literature in agreement therewith or collateral thereto; to acquire, prepare, publish and
distribute biographies of EMANUEL SWEDENBORG; to hold meetings, lectures, debates and conferences as a
means of promoting interest in his writings and teachings; to maintain reading-rooms, libraries, branches and
stations for reference and study of such writings and teachings in any part of the world; and to do such other
lawful things as may be incidental to the carrying into effect of the foregoing purposes and powers, which pur¬
poses and powers shall be exercised without any pecuniary profit to any officer, member or employee of the
corporation except reasonable compensation for services in effecting one or more of such purposes or powers.

Board of Directors

(’lass 1964-1968 Class 1966-1970

David B. Fox Rev. Harold B. Larsen

•John F. Seekamp John Sanford Peck
Sigfried Synnestvedt Victor H. Schleicher
Frank A. Vanderlip, Jr. Rev. William F. Wunsch

Class 1965-1969 ('lass 1967-1971

Forster W. Freeman, II Philip M. Alden
John F. Lister Howard A. Lawrence
Herbert Muhlcrt Rev. Ceorge F. Dole*
Rev. Clayton S. Priestnal John R. Seekamp

Officers

John F. Seekamp President Emeritus

Philip M. Alden President
Forster W. Freeman, II Vice-President
Herbert Muhlert Treasurer
Tomas H. Spiers Executive Secretary
Virginia Branston Manager

* Elected to fill the vacancy created by the resignation of David Mack.

4
President’s Report Executive Committee
Grants approved:

Our 1966/67 year has marked a significant mile¬ a) $500. to Swedenborg Verlag for distribution of
new German printing of A C I among Protestant
stone for us in that on the 279th anniversary of
clergymen in Europe.
Swedenborg's birth we moved into our own building
at 139 East 23rd Street, New York City. This prop¬ b) $4oo. to Stewart Robb for a series of three lectures.

erty is a modern construction with three stories and an c) $4oo. balance toward Portuguese Spiritual Life
ample basement, fully airconditioned. It has an attrac¬ The Word of God.

tive street-level entrance and display window on a d) $900. toward publication of .Japanese edition of
street of heavy pedestrian traffic. The total cost of the Conjugial Love.
property including necessary alterations and equipment
e) $300. to Rev. Yoshii Yanase for translation work.
approximated $250,000. Financing the building in¬
f) $600. to Rev. Shiro Torita for the .Japanese New-
volved the sale of investment portfolio of slightly less
Church Magazine.
than that figure, which had been yielding about 4 per
g) $50. to Rev. Paul Zacharias for his digest of
cent. We had no difficulty in leasing the two upper
Heaven and Hell.
floors for three years, beginning April 15, 1967, to a
single tenant at a graduated rental increasing from Participation in the following cultural exhibits:

$12,600. the first year to $i4,ooo. for the third. a) Annual meeting of Academy of Religion and Men¬

Our display window has attracted considerable public tal Health, April 17-19, Boston, Mass.

attention, and over the counter sales are steadily in¬ b) Fall meeting of Classical Association of the Atlan¬
creasing. Though not "phenomenal” so far, public tic States, November 12, New York University.
interest has been most marked and one lady previously c) Convention of the Religious Education Association,
unknown to us came in and presented us with a check November 20-22, Chicago, Illinois.
for $500., saying that she had been so moved at the
d) Meeting of American Philosophical Association,
sight of our new quarters, which evoked memories of
December 27-29, Philadelphia.
her mother and her former studies of the Writings,
Close attention to details attending the closing of the
that she could not resist the impulse to express her
purchase contract for our new building, its alterations
joy and support in this tangible manner.
and equipment imposed a heavy burden on the com¬
We hope that all our members and friends who have mittee’s time.
not yet visited us will do so at the first opportunity.

Now’ to more routine matters; which, though routine,

also contain elements of satisfaction and encourage¬ Editorial and Publication Committee
ment. This committee has continued to review new manu¬

Your Board has met regularly during the year with scripts and currently has on its agenda:
the exception of the summer months during w’hich our 1) The search for commercial publishers for English
Executive, Building, and Editorial and Publication translations of Hasenclever's Heaven, Hell, World
Committees met from time to time to deal with such of Spirits, and Gollwitzer’s Sex, Eros. Marital

matters as needed current attention. Love.

During the past year, our distribution of books (ex¬ 2) Central Feature News article prepared by Dr. Wil¬

cluding pamphlets) totaled 23,632; 29% sold and 71 " son van Dusen on LSD and the Older Mysticisms.

donated, including 15,782 volumes of the writings and 3 ) Revised translation of AR I and II.
7,850 collateral titles. Bookshop and library orders 4) Revision of Dictionary of Correspondences by the
were 1,935, direct mail and over-the-counter sales 3,391, Rev. William F. Wunsch, which is proceeding
and 780 were the result of advertising. This distribu¬
steadily.
tion brought the total for our 118 years of operation
5) Review of a translation of Ernst Benz' study of
over the two million mark.
Dreams, Hallucinations and Visions.
Included in the above totals were Citadel edition
6) The publication of a new outreach edition of
sales of 630 and donations of 2,181.
Heaven and Hell in modern format.
Twelve thousand five hundred Swedenborg Calendars
7, Dr. Shahani reports active work on his projected
were ordered and distributed, including 5,000 through
book on Swedenborg and Indian Religions.
the Wayfarers’ Chapel.
6) Dr. Synnestvedt reports progress on the

Swedenborg. 5
 for the purpose of deciding on elimination or preserva¬
Investment Committee
tion. A proposed contract with a commercial publisher
We continue to retain Brown Brothers Harriman as
was passed upon. Resolutions were drafted on occasion
our investment counselors and to give their recommen¬
and correspondence with the trustees of the West Estate
dations careful study. As of March 31, 19^7* our
and Chambers Trust supervised as required. A custodial
portfolio comprised:
agreement was drawn up for the care of old editions by
Category Book Value Market Value 1 Urbana College, involving a legal opinion as to the
Bonds and US power of the Foundation to make charitable contribu¬
Treas. Notes... . S 590,213. 5$ S 538,265. 50
tions.
Preferred stocks . 69,866. 7 57.600, 5
Equities. . 357.64$. 35 483,500. 45
$1,017,727. 100 $1,079,365. 100
Work for the Blind
It is to be borne in mind that investments with an
Unavailability of personnel continued to hold up
approximate market value of §220,392 (book value
work in this field. Toward the close of the period, the
§190,522) were sold for investment in our new build¬
Rev. Harold Larsen consented to undertake the work
ing. on an interim basis. He is giving the matter study to
determine how we can best continue to do useful work
Advertising and Promotion in this important field.

Newspaper advertising has been continued on a cur¬

tailed scale. This and alternate methods have been
given further study. A mail order campaign for dis¬ Prize Essay Contests
tribution of our new outreach edition of the Four Doc¬
The awards to winners of the Pacific School of Reli¬
trines to a selected list of 10,000 names was contracted
gion contest were presented by our Executive Secretary
with the firm Hall. Haerr, Peterson and Harney.
at a dinner held in Berkeley, California, on January
27, 1967. Meanwhile, the next contest was arranged at
Syracuse University whose suggestion of a topic met
Outreach
with our approval: "The Place of Sex in the Order of
Activities have continued to expand reaching abroad
Creation As Viewed by Swedenborg.” Sixteen contestants
into Scandinavia. Africa, India, and New Zealand.
had registered up to the date of our annual meeting.
Some workers became inactive and were replaced by
active ones. Canadian Members conducted a lecture
group. A number of discussion groups were formed and
a study group in the Veterans’ Administration Domicil¬ Foreign Languages
iary was undertaken in Oregon. In Sweden we are plan¬
We now have typescripts of several Spanish and Por¬
ning contact with some 3,000 clergymen. Total distribu¬
tuguese translations ready for the printer but are still
tion by accredited outreach workers during the year was
seeking a satisfactory arrangement with a commercial
9,295 books and some 5.800 persons were reached.
publisher. A 5,000 copy edition of a Portuguese trans¬
Worker reports indicate a new reader level of over 700
lation of Spiritual Life, The Word of God is being
persons. Various feasibility test projects for particular
distributed by Comissao de Literatura Crista, a Portu¬
ways to promote selected titles are under study.
guese group for dissemination of religious literature.
Expenses for foreign language translations, typing,

Law editing, etc., totaled $1,950.

An unusually busy year was involved in the acquisi¬

tion of our new building, the legal aspects of which
were kept under careful supervision with particular Budget
attention to the preservation of our tax exempt status.
Actual expenditures for 1966-67 was $100,255. (bud¬
We wish to record our appreciation of the cooperation
get $113,250.), Actual income was ,$101,763. (budget
of our New York legal consultant, Mr. R. G. Rogers.
$103,600.). I* or the coming year we are recommending
Aspects of our position as beneficiaries of the Imman¬ allocation of approximately Sii4,ooo. for expenditures
uel I rust were reviewed. Old documents were gone over against an estimated income of about $100,000.
 It is fortunate that cash allocations were sparingly Personnel
disbursed during the period as we were unexpectedly
Despite the heavier work load, largely arising from
called upon to change printers which involved heavy
the many details involved in our building acquisition
extra-budgetary expenses in shipping of plates, repair¬
and remodeling, it has been necessary to add a part-
ing considerable damage done to them, making new
time clerk to our staff, which now consists of our
plates for unused texts, and new printings of titles
Executive Secretary, Manager, Bookkeeper Assistant,
nearly exhausted. New and more advantageous ar¬
Secretary and two college students as part-time shipping
rangements for printing and binding were contracted
and building maintenance assistants.
with the Kingsport Press, Inc., one of the most substan¬
Again we record our gratitude to our staff for their
tial, best equipped, and most versatile plants in the
devoted service, and particularly to our manager Mrs.
U.S.A.
Virginia Branston during the trying days when she
unstintingly put in much overtime on the organization
Membership of our transfer to and settling down in the new build¬
During the year we lost six members by death. Ten ing. We are also very appreciative of the valued
new members were elected bringing our year end total assistance of our life member John Smailer in this
membership to 308 as of March 31, 1967. task.

President

May 8, 1967

7
 In Memoriam

The Foundation regrets to announce the death of the following life members:

C. Parkhurst Bond, Jr., 1967 Mrs. Gilbert Heddaeus, September 12, 1966
Rev. Albert Diephuis, March 20, 1967 Henry L. Honemann, May 9, 1966
Mrs. Clara Browning Goodman, April 21, 1967 F. Gardiner Perry, April 23, 1967

New Life Members

Elected since publication of the last Annual Report:

Mrs. Marjorie Barrington Rev. and Mrs. Robert H. Kirven

Dr. and Mrs. Richard E. Coulter Mrs. Kurt Nemitz
Mrs. Albert Geis Miss Gretchen Wunsch
Mrs. Pauline Means Houser Mrs. William F. Wunsch

Gifts Received
During the Year

Mrs. Beatrice Ashley. Sio.oo Mrs. Mildred Pitcairn. 10.00*

E. Boyd Asplundh . 50.00* Suzanne E. Robinson. 7.00*
Rev. Kurt Asplundh. 100.00* Mrs. Ann Royal. 15.00
Charlotte E. Barton. 10.00 Marc and Maureen T. Scaglia. 303.00*
Mrs. Roy V. Bateman. 2.50 Mrs. E. E. Scheeff. 5.00*
Joseph Caldwell. 15.00* Ismar Scholl. 4.30
Mrs. W. A. Campbell. 15.00 Len Short. 36.80*
Lorenz W. F. Carstensen. 9.65* Wallace Simpson. 1.85
Glencairn Foundation. 200.00* Henry Snow, M. D. 100.00*
Fridrichs R. Grava. 10.00 Mrs. Sophie Sowinski. 300.00*
Mrs. Helen Hall. 43.61* Rev. E. V. Velleso . 4.00*
Miss Helen Holmes. 500.00* William Witzell. 10.00*
Rev. Brian Kingslake. 5.00 Mrs. Evelyn W. Woods. 10.00
Miss Sylvia McCracken. 100.00* Bazil Zin. 100.00*
Ralph C. McGaftin. 25.00*
Natl. Assn, of Convention. 100.00* •Additional

Living Memorials

William and Mary O’Riley Browning ... [Gift of Clara Browning Goodman]
$150.00
R. H. Fleser, Sr... [Gift of Mrs. Feme F. Baird].
10.00

Total $2,262.71
8
 Statistics for the Year
PRINTED Italian: , Doctrine of Life.
STANDARD EDITION: Earths in the Universe.
Student Binding: Heaven and Hell.
Arcana Coelestia, Vol. II. 7(50 Intercourse Between Soul and Body
Arcana Coelestia, Vol. Ill. 77a Polish: New Jerusalem and Its
Arcana Coelestia, Vol. VI. 783 Heavenly Doctrine.
Apocalypse Revealed, Vol. II. 360 Swedenborg, Life and Teaching.
37
Trade Binding: ASSORTED TITLES:
Arcana Coelestia, Vol. II. 25a Arcana Coelestia Index.
Arcana Coelestia, Vol. Ill. 249 Big Questions Off Campus.
Arcana Coelestia, Vol. VI. 251 Commentary on John
by Fischer and Hoeck.
SPIRITUAL DIARY, VOL. 2-5, 100 ea. 4oo
Commentary on Matthew
Paperback:
by Fischer and Hoeck.
Four Doctrines . 10,224
Compendium.
Heaven and Hell. 20,081
Daily Readings.
SWEDENBORG CALENDARS—1967 12,500 Growth of the Mind ...
BOOKLETS: Introduction to Swedenborg’s
Golden Thoughts. 5,000 Religious Thought. 1,836
A Non-Ecclesiastical Confession of Language of Parable. 62
Religious Faith by Louis F. Post.... 5,3°° Marital Love. 12
Real Religion, Spanish-English Ed. 25,000 Marriage, Ideals and Realization. 18
Spiritual Substance and Natural Religion and Life. 6
Matter by L. E. French. 10,000 Rational Psychology . 15
The Panorama of Revelation by Swedenborg Epic. 24
William F. Wunsch. 10,000 Structure of New Church Teaching .... 50
Summary of New Church Doctrine .... 24
PURCHASED Talking With God. 50
Tree of Life Vol. 1-4. 4i
LONDON- EDITIONS:
Where Heaven Begins. 24
Arcana Coelesba, Vol. I Leather. 5
Sundry Other 'Pities. 269 2,55b
Arcana Coelestia, Vol. II Leather. 5
Arcana Coelestia, Vol. Ill Leather. 4 BOOKLETS:
Arcana Coelestia, Vol. IV Leather. 4 Children in Heaven. 100
Coronis. 12 Every Eye Shall See Him........ 100
Earths in the Universe. 102 Growing Up. 24
Miracles. 1 The Jewel of Human Life. 12
New Jerusalem and Its Heavenly Journey Into Eternity. 12
Doctrine. 50 Life Further On. 100
True Christian Religion, Vol. I and Love and Marriage. 100
Vol. II Paper. 200 Love and Sex before Marriage. 74
True Christian Religion, Everyman’s Making a Marriage. 74
leather binding. 24 Modern Ideas of the Universe. 100

White Horse.
1 My Shepherd. 5°
The New Church and Its Doctrine. 5°
FOREIGN:
Religion and Health. 74
Finnish: New Jerusalem and Its
Revelation Through the Ages.
Heavenly Doctrine. 5
Something New .
French: Brief Exposition of Doctrine
Teach Us to Pray .
of New Church . 3
Ultimate Reality .
Charity. 3
When Ye Pray.
German: Heaven and Hell, World Working with God.
3 1,294
of Spirits. Sundry.
Hindu: Heaven and Hell . 3 TOTAL VOLUMES PURCHASED 4.345
Italian: Divine Providence. 1

BOOKS DISTRIBUTED
Sold Donated
SWEDENBORG’S WRITINGS: Sold Donated
Cloth Bound: Arcana Coelestia, Vol. I\ . ,
Standard Edition—Student Binding 1,883 810 Divine Love and Wisdom.
» " —Trade Binding i49 It
„4 3 Divine Love and Wisdom l4g g
Citadel Edition. IIfi 1,380
j ?till . 13 '7 Divine Providence ; 5
Divine Providence, Citadel Edition.. ^ I>372
Other . 169 29 Four Doctrines. 1,119
Paperbacks: „ Heaven and Hell.40*7 1,981
Arcana Coelestia, Vol. I . 38 t ^ Heaven and Hell, Crtade ’x'‘ ' r8 1.71°
Arcana Coelestia, Vol. 11. Spiritual Life, The Word of God. ..
Arcana Coelestia, Vol. Ill .
 Statistics for the Year
BOOKS DISTRIBUTED (Corn.)

COLLATERAL WORKS: My Religion by Helen Keller

Cloth Bound: [World’s Fair Edition] . 135 2,567
Apocalypse Explained Index . iG My Religion by Helen Keller
City of God by Karl R. Alden. 4 [Citadel Edition]. i47 186
Dictionary of Correspondences. 172 6 Swedenborg’s Life and Teachings
Divine Allegory by Hugo Odhner... 24 by George Trobridge. 248 1,020
Gist of Swedenborg by Smyth Other. 23 21
and Wunsch. 77 9b' TOTAL VOLUMES DISTRIBUTED... 6,733+16,895
My Religion by Helen Keller. 42 58
Schoenberg’s Portrait of
Swedenborg's Life and Teaching
Swedenborg. 3 l_
by George Trobridge. 17 48
6,736+16,896
Other. 513
Sundry Booklets. 654 5,364
Paperbacks:
Digest of True Christian Religion Sundry Leaflets. 3,46o
by Arthur Wilde. 147 1,270
Introduction to Swedenborg’s
+ Over Counter and Mail Order Sales. 3,391
Religious Thought by John
Book Shops and Libraries. 1,935
Howard Spalding. 158 855
Newspaper Advertising. 780
Citadel Press Sales. 630
* 98 copies donated to clergy on behalf
of the Iungerich Fund. 6,736

DONATED

CLERGY, THEOLOGICAL STUDENTS, Idaho, Payette. 26

LIBRARIES Volumes Illinois: Chicago. 120
52 Clergy and Theological Students.. 320 Glenview. 4oo
98 Clergy (in behalf of Iungerich Maine, Lisbon Falls. 5
Fund). 98 Massachusetts, Everett. 60
7 New Church Ministers and New Jersey: Rahway. 508
Theological Students*. 110 West New York. 731
Participants Essay Contest, Judges New York: Cuba. 43
and Contestants: New York. 656
4 Syracuse University. 6 Ohio, Cleveland. 31
7 Pacific School of Religion. 69 Oregon, White City. 836
18 Public, College and Seminary Pennsylvania, Bryn Athyn. 534
Libraries. 361 964+ Pittsburgh. 700
* Dr. Donald W. Miller, Risto Rundo, Tennessee: Memphis. 75
James Frank Shaw and Christopher Smith Nashville. 125
Sundry. 475 9,295*
OUTREACH DISTRIBUTION OTHER:
Foreign: Advertising (free copies). 60
Australia, Penhurst, N. S. W 100 African. 4,829
Canada: Edmonton, Alb.... 500 Bazaars. 76
Dawson Creek, B. C. 4oo Book Exhibits. 530
Richmond, B. C. 170 Kansas State Fair. 125
Goderich, Ontario. 35 Life Members and Friends. 494
India: Baroda . 12 New Church Convention, Urbana,
Katpadi. 48o Ohio. i4i**
New Zealand, Aukland ... 180 Pastors’ ‘Conference— University of
Sweden, Jonkoping . 200 Michigan. 13
Trinidad, San Juan, W. I 168 Society for Scientific Study of
South Africa: Durban . 250 Religion Conference. 202
Degema, Nigeria. 635 Sundry. 161 6,636*
U.A.R., Port Saidl . 160
TOTAL. 16,895
California: Portuguese Bend . 200
Riverside. 100 + Largely Standard Edition and Cloth Collateral
San Diego. Works
30
Florida: St. Petersburg.
83 * Largely Paperback Missionary Editions
Tampa.
67 ** Johnny Appleseed, A Voice in the Wilderness

10
 Accountant’s Report

TOUCHE, ROSS, BAILEY & SMART

80 PINE STREET
NEW YORK, 10005

April 19, 1967.

Board of Directors,
Swedenborg Foundation, Incorporated,
139 East 23rd Street,
New York, New York 10010.

We have examined the accompanying statement of net assets of

Swedenborg Foundation, Incorporated as of March 31, 1967, and the

related statements of income, cost and expenses - General Fund, and

changes in net assets for the fiscal year then ended. Our examination

was made in accordance with generally accepted auditing standards, and

accordingly included such tests of the accounting records and such other

auditing procedures as we considered necessary in the circumstances.

Marketable securities held by the Foundation's investment custodian were

confirmed to us by the custodian. As to income from grants, bequests

and gifts, and from the sale of books it was not practical to extend

our examination beyond accounting for receipts as recorded.

In our opinion, the financial statements referred to above

present fairly the net assets of Swedenborg Foundation, Incorporated

at March 31, 1967, and the results of its operations for the year then

ended, in conformity with generally accepted accounting principles

applied on a basis consistent with that of the preceding year.

Certified Public Accountants.

 SWEDENBORG FOUNDATION, INCORPORATED
(A New York membership corporation)

Statement of Net Assets

MARCH 31, 1967

Investments (Note 1):

Marketable securities:
U. S. Government obligations (quoted prices $2/4,4111 $ 277,340
312,873
Corporate bonds (quoted prices - $263,854)
Corporate preferred and common stock (quoted prices -
427,5.14
$541,100)
$1,017,727

13,384
Cash

Other assets :
Accounts receivable $ 1,484
Books and printed sheets - to be donated or sold
at less than carrying value 56,929
Prepayments and deposits 1,157
Deferred charges 6,810 66,380

Property - at cost (Note 5):

Land $ 92,000
Building 166,182 258,182

Remainder interests in assets:

John Hudson Chambers Estate - at quoted prices
at December 31, 1926 (quoted prices at
January 16, 1967 - $114,693) (Note 2) $119,096
Emil Theilmann Estate, beneficiary under
insurance policy - at face value 3,000
John 0. West Estate (Note 3) 1 122,099
$1,477,770

Less accounts payable 25,713

NET ASSETS $1,452,057

NET ASSETS, derived as follows:

Bequests and gifts:
Endowment funds, income for general purposes $ 66,000
Special funds :
Remainder interests in assets - John Hudson
Chambers, Emil Theilmann, and John O. West
Estates - as above $122,097
Restricted for specific purposes (Note 4) 10,000 132,097

General purposes 664,081

Profit from sale of investments - from April 1,

1954 to March 31, 1967 508,230
Income accumulations :
General purposes $ 53,729
Restricted for specific purposes 24,715
Appropriated for special project 3,205 81,649

$1,452,057

See notes to financial statements.

 SWEDENBORG FOUNDATION, INCORPORATED

Changes in Net Assets

YEAR ENDED MARCH 31, 1967

BEQUESTS AND GIFTS:

Endowment funds - balance, April 1, 1966 and March 31, 1967
$ 66,000
Special funds:
Remainder interests in assets - balance, April 1, 1966
and March 31, 1967 $122,097
Specific purposes - balance, April 1, 1966 and March 31,
1967 (Note 4) 10,000 132,097
General purpose funds :
Balance, April 1, 1966 $661,819
Add gifts received during year ended March 31, 1967 2,262
Balance, March 31, 1967 664,081

PROFIT FROM SALE OF INVESTMENTS - from April 1, 1954:

Balance, April 1, 1966 $478,348

Add gains on sale of marketable securities 29,882

Balance, March 31, 1967 508,230

INCOME ACCUMULATIONS:
General purposes:
Balance, April 1, 1966 $40.246

Excess of income over cost and expenses (less $910

appropriated for special project) for the year ended
983
March 31, 1967
Amount previously appropriated for building-fund project 12,500
$ 53,729
Balance, March 31, 1967

Specific purposes:
$25,100
Balance, April 1, 1966
Less costs applicable to specific purposes, after allo¬
385
cation from general purposes of $651
24,715
Balance, March 31, 1967

Appropriated for building fund project:

$12,500
Balance, April 1, 1966 12,500
Less amount transferred to general purposes

Balance, March 31, 1967

Appropriated for special project: $ 2,295

Balance,April 1, 1966
over expenses
Add excess of current year's appropriation 910
March 31, 1967
charged to this account during year ended
3,205 81,649
Balance, March 31, 1967
$1,452,057

See notes to financial statements.

 SWEDENBORG FOUNDATION, INCORPORATED

Notes to Financial Statements

1. Investments are carried in the statement of net assets at book

amount representing cost as to bonds (less reserve for amortiza¬
tion of bond premiums), stocks, etc., purchased in the open market

2. The Foundation has a one-half interest in the residuary estate of

John Hudson Chambers represented by assets held in Canada. The
assets are distributable under the terms of the Will after the
decease of certain life tenants. Fixed annuities are payable,
if earned, to various beneficiaries during their lifetime from
the income of the major portion of these assets, any excess of
income being paid to the residuary legatees. The income from
the remainder of the assets is shared by other life tenants (or
their surviving widows), the residuary legatees sharing in the
income in the ratio of the deceased life tenants.
3. The Foundation has a one-half interest in the residuary estate of
John 0. West. This estate is estimated to be valued at approxi¬
mately $120,000. Under the terms of the Will, final distribution
is to be made twenty years from the date of death (1975) . At
present the Will is being contested by other beneficiaries and a
former wife of the decedent and the amount of the eventual dis¬
tribution to the Foundation by the estate appears indeterminable.
4. In prior years the Foundation received certain gifts and bequests
(in addition to a $40,000 general bequest) from John Ellis as
follows:

(a) Gifts requiring principal and income to be

used for a specific purpose $10,000

(b) Bequest to supplement above amount, if

additional amount is required, otherwise
for general purposes 20,000

(c) Bequest with prayer to use for specific

purposes 10,000

$40,000

The Foundation believes that no part of the $20,000 bequest (Item b

above) will be required for the purpose specified in the gift and
has classified this amount as general funds. Although it is the
intention of the Foundation to carry out the purpose set forth in
the prayer with respect to the $10,000 bequest (Item c above) the
Board of Directors voted to treat this item as an unrestricted
bequest.

5. In August, 1966, the Foundation purchased property in New York City

for $200,000 which was allocated to land and building. An addi¬
tional $58,182 was expended for renovation of the building prior
to occupancy.
A portion of the building is being used by the Foundation. The
remainder of the building has been leased for a 3-year period,
beginning April 15, 1967, at annual rental of approximately
$13,500. The Foundation has elected not to provide depreciation
on the portion of the building which it occupies.

14
 SWEDENBORG FOUNDATION, INCORPORATED

Income, Cost and Expenses —General Fund

YEAR ENDED MARCH 31, 1967

INCOME:

From marketable securities:

Interest on U. S. Government obligations $15,687
Interest on corporate bonds 10,786
Dividends on stock 23,687

$50,160

From residuary estate of John Hudson Chambers -

net of payment to annuitants (Note 2) 3,875

Grant from Emanuel Fund 40,000

Interest on savings account 417

Miscellaneous 35
$94,487

Less allocated to specific purposes funds &51

$93,836

COSTS AND EXPENSES:

Cost of books sold and donated - net of sales

$15,181
of $7,276
Less cost of books donated from specific
411 $14,770
purposes funds
20,788
Other project and publication expenses
14,693
Advertising and promotional expenses
41,692
General and administrative expenses
$91,943
Total costs and expenses

EXCESS OF INCOME OVER COST AND EXPENSES, 1,893

before appropriation for special project

910
DEDUCT APPROPRIATION FOR SPECIAL PROJECT

EXCESS OF INCOME OVER COST AND EXPENSES, $ 983

less appropriation for special project _

See notes to financial statements.

15
 SWEDENBORG FOUNDATION, INCORPORATED

Details of Cost and Expenses

YEAR ENDED MARCH 31, 1967

COST OF BOOKS SOLD AND DONATED:

$ 6,158
Books sold
8,641
Books donated
5,571
Labor, shipping and storage
1,676
Miscellaneous
$ 22,046
7,276 $ 14,770
Less money received for books sold

OTHER PROJECT AND PUBLICATION EXPENSES:

Special project 9
2.000
Pocket Swedenborg
7 50
Shahani project
Four Doctrines 6,928
Dictionary of correspondence 1,332

Grants toward publications 1,850

Apocalypse Revealed 1,707
Free literature and miscellaneous 3,130 20,788

ADVERTISING AND PROMOTIONAL EXPENSES:

Public relations:
Library $ 276
Other 2,018
Convention 165
Essay contest 1,135
Newspapers and periodicals 6,020
Swedenborg calendar 1,491

Trade Book listings 2 84

Outreach expense 2,056
Central feature project 636
Miscellaneous 612 14,693

GENERAL AND ADMINISTRATIVE EXPENSES:

Salaries $ 17,445
Payroll taxes 946
Rent and storage 2,958
Professional services 893
Care of securities 2,902

Pension payments 3,000

Stationery and postage 900
Furniture and fixtures 1,394
Building maintenance and services 3,933
Miscellaneous 7,321 41,692

TOTAL COST AND EXPENSES $ 91,943

16
 SWEDENBORG FOUNDATION, INCORPORATED

Bequests and Gifts

MARCH 31, 1967

ENDOWMENT FUNDS:

Mrs. Annie McCrea Bequest $ 1,000.00

Albert Stearns Gift 25,000.00

Dr. F. L. Wilsey Bequest 40,000.00

Total bequests and gifts of Endowment Funds $ 66,000.00

SPECIAL FUNDS - remainder interests in assets:

John Hudson Chambers Bequest $119,096.14

Dr. Emil Theilmann Bequest 3,000.00

John O. West Bequest 1.00

Total bequests to Special Funds $122,097.14

SPECIAL FUNDS - specific purposes:

Name Purpose

John Ellis Gift To distribute "Arcana Coelestia1'

Vol. 1, to all clergymen and
theological students $ 10,000.00

$ 10,000.00
Total gifts for Specific Purposes

17
 SWEDENBORG FOUNDATION, INCORPORATED

Bequests and Gifts

MARCH 31, 1967

GENERAL PURPOSES:
Akron, Ohio, Study Group Gifts $ 190.10
Mr. and Mrs. Philip Alden Gift 100.00
Maria Andrews Bequest 294.72
Dr. A. D„ Armstrong Gifts 367.50
E. Boyd Asplundh Gifts 150.00

Rev. Kurt Asplundh Gifts 300.00

Emma V. Bancroft Gift 100.00
Linton G. Bartlett, Sr. Bequest 1,000.00
Isaac M. Beers Bequest 400.00
Mrs. A. H„ Brailsford Gift 100.00

Lorenz W. F. Carstensen Gifts 183.10

S. W. Childs Gift 350.00
Frank B. Cone Bequest 361.38
Lavina Cushman Bequest 1,900.00
Gilbert A. de Haan Gift 100.00
Charles J. Dolan Bequest 8,066.71
Clark Dristy Gift 120.00
Forrest E. Dristy Gift 100.00
John Ellis Bequest 70,000.00
Florence N. Finney Bequest 2,500.00
Glencairn Foundation Gifts 800.00
F. Marion Greene Gift 100.00
Mrs. John Grosch Gift 100.00
William H„ Hachfeld Gifts 199.00
Augustus Hayward Bequest 500.00
Alfred Hillstrom Bequest 820.75
Dr. Rolland T. Hinkle Gifts 134.50
Helen Holmes Gifts 1,500.00
Meral Holmes Gift 500.00
Jacob C. Jacobson Bequest 956.08
Mrs. Charles C. Jones Gifts 137.50
D. E. Krehbiel Gifts 450.00
Samuel L’Hommedieu Bequest 500.00
Lord’s New Church Gifts 2,557.50
Miss P. A. Lull Bequest 500.00
Silva McCracken Gifts 250.00
B. F. McManama Gift 500.00
Jorge Maroto Gift 210.00
Oswin J. Mills Bequest 10,150.22
Wealtha A. Neale Bequest 38,274.76
Edward H. Nutter Gifts 1,100.00
Henry Mehnt Peters Gift 5,000.00
Henry Mehnt Peters Bequest 234,543.90
National Association of
Conventions Gifts 200.00
Emil Peterson
Bequest 300.00
18
 SWEDENBORG FOUNDATION, INCORPORATED

Bequests and Gifts

MARCH 31, 1967

GENERAL PURPOSES (continued):

M. J. Phillips Bequest 2,925.00
Mary E. Pinkham Bequest 804.34
Theodore Pitcairn Gift 100.00
Abelard Reynolds Bequest 600.00
Maureen T „ Scaglia Gifts 953.00
Jacob Silver Bequest 11,000.00
Stephen Slivinski Gifts 231.50
Henry Snow, M.D. Gifts 1,100.00
Frank Sowinski Gift 100.00
Sophie Sowinski Gifts 1,996.00

S. B. Spear Bequest 300.00

John M, Stowe11 Bequest 643.69
Edward B, Swinney Bequest 2,500.00
Dr. Emil Theilmann Bequest 46,889.67
Dr. Emil Theilmann Gift 200.00

Mr. Thielsen Bequest 1,000.00

Bequest 3,150.00
David Lamb Thompson
Bequest 930.00
Effie Serena Wagar
Gift 100.00
Effie Serena Wagar
Gift 100.00
Serena Tucker Wagar
Gift 100.00
Thomas Walton
Bequest 1,500.00
James B. Wayne
175,168.72
James G. Wentz Bequest
Gift
1,000.00
John 0, West 320.00
Gifts
Charles Wetzel
000.00
Bequest
Chauncy Williams 000.00
Chauncy Williams Gift
359.00
Bequest
Lewis Williams 000.00
Legacy
Cordelia Wilson 279.50
Gifts
Basil Zin
350.00
Gift
Mrs. C. Van Zynerden 2,680.60
Bequests and gifts
Miscellaneous (under $100.00

Living memorials:
- Gift of Mrs. Clara
William and Mary O'Riley 150.00
Browning Goodman
Browning
- Gift of Mrs. Oliver 100.00
Oliver Johnson
Johnson 118.00
- Gift from various donors
Arthur Synnestvedt
- Gift of Kathleen 1,000.00
Rev. and Mrs. Arthur
Hull-Ryde 263.00
Wi lde
- Gift from various donors
Edward F. Wunsch $669,979.74
Total bequests and gifts for general purposes

Deduct contributions »^er 52SO.OO received

between April 1, 1956 and March 31, 1963 _5.898.44
included in miscellaneous mcom
4.081.30.
Amount credited to principal
19
 Life Members

Daric E. Acton Herbert Seward Coster Mrs. Henry W. Helmke

J. Winfrid Ager Richard E. Coulter Rev. W. Cairns Henderson
Mrs. Karl R. Alden Mrs. Richard E. Coulter Mrs. W. Cairns Henderson
Karl R. Alden, Jr. Rev. Harold C. Cranch Arthur W. Higgins
Mrs. Karl R. Alden, Jr. Mrs. Harold C. Cranch Edward B. Hinckley
Philip M. Alden Albert C. Crownfield Mrs. Edward B. Hinckley
Mrs. Philip M. Alden Rev. Frederic R. Crownfield Rolland T. Hinkle
Philip M. Alden, Jr. Harold H. Cumming John L. Hitchcock
Thomas H. Alden Mrs. John M. Dallam Clarence Hotson
Mrs. Thomas H. Alden E. B. Denning Mrs. Cornelia Hotson
Kenneth Andersen Mrs. E. B. Denning Mrs. Pauline Means Houser
Mrs. Kenneth Andersen Rev. Andre Diaconoff James E. Howard
Mrs. Dwight S. Anderson Rev. George F. Dole Arthur Hull-Ryde
Mrs. Josef E. Anderson Mrs. George F. Dole Mrs. Arthur Hull-Ryde
E. Boyd Asplundh Mrs. Louis A. Dole Mrs. Agnes Hussey
Mrs. E. Boyd Asplundh Rev. Earl L. Douglass Arthur J ames
Rev. Kurt Asplundh Clark Dristy John Jennings
Mrs. Kurt Asplundh Forrest E. Dristy Hylan Johns, Jr.
Stewart Ayton Edson A. Edson Harvey M. Johnson
Mrs. Stewart Ayton Alan W. Farnham Mrs. Harvey M. Johnson
Miss Emma V. Bancroft Mrs. Alan W. Farnham Mrs. Oliver A. Johnson
Rev. Harry Barnitz Donald C. Fitzpatrick, Jr. Ames Johnston
Mrs. Harry Barnitz Miss Virginia Flynn Rev. Robert S. Junge
Mrs. Marjorie Barrington David B. Fox Mrs. Robert S. Junge
Rev. William H. Beales Mrs. David B. Fox B. Joseph Keating
Vincent Bergmann Mrs. Erich Frank Mrs. B. Joseph Keating
Mrs. Vincent Bergmann Rev. Ernest L. Frederick Miss Helen Keller
Mrs. Bertha F. Berran Mrs. Ernest L. Frederick Miss Elizabeth Kieffer
Rev. Rollo K. Billings Forster W. Freeman, II Rev. Brian Kingslake
Mrs. Rollo K. Billings Mrs. Forster W. Freeman, II Mrs. Brian Kingslake
George P. Bischof Rev. Forster W. Freeman, III William R. Kintner
Gustave J. Bischof Frederick R. French Rev. Robert H. Kirven
Rev. Franklin H. Blackmer L. E. French Mrs. Robert H. Kirven
Mrs. Franklin H. Blackmer Robert S. Gass Arthur C. Knolhoff
Mrs. Marguerite Block Mrs. Robert S. Gass Steve Koke
Mrs. Isabel Bowyer Robert W. Gauzens Mrs. Steve Koke
Duncan Brackin Oscar T. Geiger Mrs. Huldah F. Kraemer
Arthur Branston Mrs. Oscar T. Geiger Vernon E. Krehbiel
Mrs. Arthur Branston Albert Geis Mrs. Vernon E. Krehbiel
Rev. Everett K. Bray Mrs. Albert Geis Edward Kremer
Rev. Horace W. Briggs Burnham L. Goddard Mrs. Charles H. Kuenzli
Mrs. Horace W. Briggs Mrs. Burnham L. Goddard Rev. Harold B. Larsen
Arthur W. Browne Mrs. Elizabeth Layton Goddard Mrs. Harold B. Larsen
Mrs. Arthur W. Browne Mrs. Warren Goddard
J. David Larson
J. B. Caldwell Miss F. Marion Greene
Howard A. Lawrence
Miss Sylvia Carlton Marcus Gunn
Henry Goddard Leach
Lorenz W. F. Carstensen J. F. Arturo Habegger Sydney E. Lee
Albert P. Carter Mrs. Frank R. Hamilton
Mrs. Sydney E. Lee
Evans Carter Rev. Joy H. Hammond
Charles H Lent
Mrs. Evans Carter Mrs. John C. Hart
Morel Leonard
Charles K. H. Chen Miss Dorothea W. Harvey
Mrs. Morel Leonard
Rev. Robert H. P. Cole Gilbert Heddaeus
Peter J. Lermitte
Mrs. Robert H. P. Cole Otho Ward Heilman
Mrs. Peter J. Lermitte
Mrs. Nadine Mills Coleman Frederick Heldring
Adolph T. Liebert
Chester T. Cook Henry W. Helmke
Mrs. Adolph T. Liebert

20
 Life Members

John E. Lister
Norman N. Peters
Mrs. Wintrop Sullivan
Mrs. John E. Lister Mrs. Norman N. Peters
Mrs. Arthur Synnestvedt
Wilfred C. Locke Mrs. Peter Peters
Sigfried Synnestvedt
Mrs. Wilfred C. Locke Rev. Theodore Pitcairn
Mrs. Sigfried Synnestvedt
Gustave H. Luckman Stewart E. Poole
Rev. Leonard I. Tafel
Miss Paula Luckman Rev. Clayton S. Priestnal Mrs. Margaret Tafel
D. Carl Lundberg Mrs. Clayton S. Priestnal Rev. Richard H. Tafel
Mrs. D. Carl Lundberg Miss Elisabeth Randall Mrs. Richard H. Tafel
Miss Anna H. Lusk Rev. Erwin D. Reddekopp Robert W. Tafel
Norman MacCumber Mrs. Erwin D. Reddekopp Mrs. Robert W. Tafel
Mrs. Norman MacCumber Rev. William R. Reece Frank Theriault
David Mack Rev. Thomas A. Reed Eugene Tobias
Mrs. David Mack Mrs. Thomas A. Reed Rev. Shiro Torita
Gordon C. Mack Rev. Alfred G. Regamey Charles M. Townsend
Earl P. Marshall Rev. Antony Regamey Mrs. Charles M. Townsend
F. Waldo Marshall Mrs. Erich L. G. Reissner Charles R. Trobridge
Mrs. F. Waldo Marshall Clarence W. Rodman Rev. Galen Unruh
Rev. Leslie Marshall Walter L. Rogers Mrs. Galen Unruh
Mrs. Leslie Marshall Mrs. Lucie Bigelow Rosen Roger Unruh
Rev. Ernest O. Martin Carl B. Sadler Mrs. Roger Unruh
Mrs. Ernest O. Martin Michael B. Salvetti Mrs. Alice Van Boven
Miss Sylvia McCracken Miss Margaret S. Sampson Frank A. Vanderlip, Jr.
Ralph C. McGaffin Winthrop Sargent Wilson Van Dusen
Mrs. Ralph C. McGaffin Marc Scaglia Mrs. Charles Van Zyverden
C. Corey Mills Mrs. Marc Scaglia Joseph Vigerstad
William H. Moody Victor H. Schleicher Mrs. Joseph Vigerstad
Grady Moore Mrs. E. L. Sechrist Egmont Vrooman
Herbert Muhlert John F. Seekamp Thomas M. Walton
Miss Florence Murdoch Mrs. John F. Seekamp Mrs. Thomas M. Walton

John P. Nelson John R. Seekamp Lewis Gibbens Warren, Jr.

Rev. Kurt Nemitz Miss Jessie Selee Mrs. Charles D. Watson

Harold Sellner Rev. Jan H. Weiss
Mrs. Kurt Nemitz
Mrs. Harold Sellner Miss Cecile Werben
David S. Nicol
Jonathon Sharp Warren Westcott
Robert J. Nicol
Mrs. Jonathon Sharp Miss Florence Whitehead
Daniel Nielsen
Robert William Shields Walter L. Whitehead
Rev. Hugo Lj. Odhner
Len Short William F. Willett
Mrs. Hugo Lj. Odhner
Charles E. Witzell, Jr.
Olaf S. Olsnas C. Wickham Skinner
Rev. William R. Woofenden
Mrs. Earl Parker Mrs. C. Wickham Skinner
Mrs. William R. Woofenden
Roger Paulson John M. Smailer
Mrs. Johp M. Smailer Mrs. Forster G. Woods
George Pausch
Miss Gretchen Wunsch
John S. Peck Ron Smith
Rev. William F. Wunsch
Mrs. John S. Peck Mrs. Ron Smith
Mrs. William F. Wunsch
Mrs. Waldo C. Peebles Henry Snow
James York
Frederick. G. Perry Mrs. Sophie Sowinski
Mrs. James York
Rev. Henry K. Peters Tomas H. Spiers
Herbert Young
Rev. Klaas Leo Peters Mrs. Tomas H. Spiers
Mrs. Herbert Young
Mrs. Klaas Leo Peters Wintrop Sullivan
Basil Zin

21
 Living Memorials

A gift,* however small, made to the Swedenborg Foundation in the name of a departed relative or friend,

will serve as a living memorial.

An engraved card (reproduced below) will be sent to the family of the departed as testimony of the memorial.

WHEN YOU PLAN YOUR GIFTS TO THE FOUNDATION REMEMBER THAT

Revenue laws sanction and encourage the support of such institutions as ours by individuals and corpora¬
tions. As an individual, your payments to the Swedenborg Foundation are deductible up to 30% of adjusted
gross income. Corporations may deduct up to 5% of net income each taxable year.

CONSIDER THE ADVANTAGE OF GIVING SECURITIES

You get double tax benefits when you give securities or other capital assets that has increased in value
since you acquired them. You take the present higher value as a tax deduction; and you pay no capital gains
tax.

ADVANTAGE OF PROGRAMMED GIVING

To make- it easier, payments may be made in ten equal installments - one e very three months This ora
similar spacing of payments, permits deductions on three income tax returns.

22
 DIRECTIONS FOR THE GUIDANCE OF PERSONS DESIROUS
OF MAKING PROVISIONS BY WILL
It is the safer course for such persons to consult a competent lawyer of the State where the property
may be limited. Especially is this important if the property to be given consists of real estate. The laws of
more than one State provide that a devise of land situated within that State cannot be made directly to a
foreign corporation for charitable uses - that is, cannot be made to such a corporation organized or situated
in some other State or County than the State in which the land is situated. In such cases, Form 4 (below)
should be used. In several States, moreover, no such devise or bequest is good, unless a certain time after
the will is made shall elapse before the death of the testator.
It is impracticable to give directions which will be in conformity with the varying statutes of all the
States. But except as for those States whose law requires a certain time to elapse between the making of the
will and the death of the testator, the following forms are believed to be respectively sufficient:

FORM I
Bequest of Money
'T give and bequeath to SWEDENBORG FOUNDATION, INCORPORATED, organized under the laws
of the State of New York, the sum of dollars.”

FORM II
Bequests of Notes, Bonds, etc.
"I give and bequeath to SWEDENBORG FOUNDATION, INCORPORATED, organized under the laws
of the State of New York.”
(Here describe the notes, bonds, stocks, or other property intended to be given, not consisting of

land or houses.)
FORM III

Devise of Real Estate

Located in the State of New York, whose laws permit a devise to be made directly to this Foundation; and
also adapted to a devise of land in any State whose laws may permit that land situated in such State
may be devised to charitable or benevolent corporations located in another State than the State in
which the land is situated.
"I give and devise to SWEDENBORG FOUNDATION, INCORPORATED, organized under the laws of
the State of New York, and to its successors and assigns forever, all that certain”
(Here describe the real estate intended to be given, following, if possible, the description given m

the title deed, in order to avoid uncertainty.)

FORM IV

Devise of Real Estate

Located not within the State of New York, but in any other State whose laws do not permit a devise of land
to be made directly to a corporation for charitable uses organized or situated outs.de of such State.

''I give and devise to

the appurtenances bounded and described

all that certain piece or parcel of land and premises with
as follows:
Id follow that given in the title deed, in order
(Here insert the description, which, if practicable, shou

to avoid uncertainty.) ■, Trustees are hereby empowered

IN TRUST, HOWEVER, for the following uses and purposes: The said r - ds

FORM V

Bequest of —--
UCVJUIrJl Residue
For the bequest of residue estate, after payment of debts and specific legacies, the following is

suggested: ... . i; seized and possessed or to

"All the rest, residue and remainder of my estate o w ^ and wheresoever the same may
which I may be entitled at the time of my deCeaSe' W ^

ration organized under the laws of the State of New York, and to its successors assign
„si ns
^ fouNDATION, INCORPORATED, a corpo-
be situate, I give, devise and bequeath unto the SWEDENBORG FOUJNUA’ forcver.»

2
SWEDENBORG FOUNDATION TOWARDS
INCORPORATED
THS
RENEWAL
139 EAST 23rd STREET
Of
NEW YORK, N. Y. 10010 CHRISTIANITY

American Foundation for

the Blind
Shirley Meyer son, ’\sst.Lib
15 est 16 Street
ynrk, N.v, JQOU