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Endowment and Naming



For more information, please contact:

Dustin Nelson
Director of Gift Planning
(716) 357-6409 | dnelson@ciweb.org

Please provide Dustin with your mailing address if you would like to receive printed materials on planned giving.

Endowment and Naming

Endowment

The key attributes of unspecified and other forms of endowment are permanence, in the form of resources secured and stewarded for the perpetual benefit of Chautauqua; predictability, that is, the one financial resource in the annual budgeting exercise that can be known in advance of the conduct of the program; and either flexibility or certainty. Flexibility is gained to the degree that resources are not dedicated to a specific, narrowly defined application and, thus, they recognize and enable essential creativity. Certainty is attained in the case of intentionally specific applications of endowments (for facilities or scholarships, for example) to an area deemed a permanent commitment.

Unspecified

There could be no clearer or more affirming signal of your commitment to this special place than with a gift of unspecified endowment. For most Chautauquans, the totality of the experience means soaking in all that Chautauqua has to offera wide breadth of programs, a beautiful setting, and a community of people that collectively create Chautauqua. Affirming the totality of Chautauqua, recognizing that indeed, as a whole is worth more than the sum of its parts, is the message of unspecified endowment.

Supporting unspecified endowment recognizes that every aspect of Chautauqua must be tended to, that the Chautauqua we leave behind for the generations that follow must be one that celebrates all the ways we affirm the living of lives that contribute to society's well-being. It is hard to imagine how the country and the world will change in the next fifty or one-hundred years. Chautauqua will need to adapt to those changes if it is to continue to contribute to the exploration of the best of human values. The one resource that will best allow us to do so is unspecified endowment.

Recognition Opportunities

Chautauqua provides recognition opportunities for restricted gifts that create endowments or term funds. Recognition is associated with endowed funds as long as the endowments exist, and with term funds until they are completely expended. Named gifts may be used to recognize the donor, memorialize a loved one, or honor a friend, while supporting a worthy purpose of your choice – whether for scholarships to outstanding students, for the lecture platform, in support of the religion department, for Chautauqua’s Schools of Fine and Performing Arts, in support of the grounds including buildings and gardens or other programs.

Endowment Management

The Foundation's Investment Committee oversees the policies, strategies and performance of invested assets. For funds held in perpetuity, our belief is that good long term investment performance, in terms of both risk and return, is dependent on prudent asset allocation among appropriate classes of assets and diversification within individual classes. The overall objective of the Foundation investment program is to maintain and grow the real, inflation-adjusted, value of endowment assets while providing a predictable and growing stream of support to the Institution.

As long-term investors, the Foundation allocates 80% of its invested assets to equity or equity surrogates; the balance is held in fixed income investments. The equity allocation contains allocations to both hedge funds and private equity.

The Foundation retains Hirtle, Callaghan & Co., Inc. of West Conshohocken, Pennsylvania, as Chief Investment Officer to direct this process. Hirtle, Callaghan is responsible for the selection of individual money managers except the allocations to Blackstone Alternative Asset Management's Park Fund and to Pointer Management, two distinct fund of hedge funds.

 

 



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P.O. Box 28
One Ames Ave.
Chautauqua, N.Y. 14722
Institution website

Chautauqua Institution is a non-profit organization, dependent upon your gifts to fulfill its mission. Gate tickets and other revenue cover only a portion of the cost of your Chautauqua experience. A community on the shores of Chautauqua Lake in southwestern New York state, Chautauqua Institution comes alive each summer with a unique mix of fine and performing arts, lectures, interfaith worship and programs, and recreational activities. Visit our website for more information.