C H A U TA U Q U A F O U N D AT I O N 2 0 1 2 A N N U A L R E P O R T
S TAT E M E N T
O F
P U R P O S E
Article II, Corporate Charter May 14, 1937
Chautauqua Foundation,
Inc. was formed in May 1937
for the following stated
purposes:
I To assist the Chautauqua
Institution, Chautauqua, New
York, in carrying out and
extending its educational,
religious and other purposes.
II To solicit, receive, and to
acquire by gift, purchase,
devise, bequest, or in other
lawful ways, real and personal
property.
M I S S I O N
III To hold such property
and to invest and reinvest
the same and receive the
income thereof and to pay
said income, less proper
expenses, at least annually to
the Chautauqua Institution,
Chautauqua, New York,
for the furtherance of its
corporate purposes; except
that, if this corporation
acquires property for
particular purposes or
subject to specific conditions,
neither said property nor
the income therefrom shall
be paid or transferred to the
Chautauqua Institution, unless
said Institution fulfills such
purposes and conditions.
If Chautauqua Foundation,
Inc., receives property, by gift,
devise or bequest, subject
to conditions or for specific
purposes, which conditions
and purposes the Chautauqua
Institution fails, refuses or
has not the corporate power
to observe or carry out, such
property shall be disposed
of as directed by any court
having jurisdiction.
IV Upon such terms as it
approves, to dispose of any
of its property which it deems
unwise to hold.
V In case the Chautauqua
Institution ceases to exist or
to function in accordance with
its corporate purposes, to
pay over its income and hold
or dispose of its property for
the benefit of some similar
religious or educational
institution, as may be
directed by any court having
jurisdiction.
VI To do all lawful things
proper or needful to
accomplish the purposes
herein before expressed.
S TAT E M E N T
Adopted by the Chautauqua Foundation Board of Directors August 13, 1992.
Chautauqua Foundation, Inc.,
is the principal organization
responsible for the
philanthropic funding of the
Chautauqua Institution. In this
role it will:
Develop and maintain
programs, products and
vehicles appropriate to the
philanthropic needs of the
Institution as determined by
the Board of Trustees and the
Administration.
Assure fiduciary care in the
investment, custody and
administration of funds raised.
Disburse funds to the
Chautauqua Institution
in compliance with the
Chautauqua Foundation
Articles of Incorporation and
the requirements imposed by
donors.
Develop and maintain a
competent and active Board
of Directors and other
volunteers as appropriate.
Develop, maintain and direct
a professional staff
appropriate to carry out
the above responsibilities.
In the discharge of its
responsibilities, the
Chautauqua Foundation will
be guided by the Chautauqua
Challenge as adopted by
the Board of Trustees. The
Foundation will be dedicated
to quality and integrity in all
of its internal and external
relationships. The Foundation
will anticipate and accept
change while maintaining
an understanding and
appreciation of the history of
the Chautauqua Institution in
general and the Foundation
in particular.
CELEBR ATING 75 YEARS
1
message from leadership
From The Chautauquan Daily
of August 3, 1937:
Old First Night, 1937—the
first long stride forward into a
future of immense promise!
This year marks the 75th
anniversary of the creation of
the Chautauqua Foundation.
The proceeds from Old First
Night’s community gift of
that year were dedicated
to Sam Hazlett, one of
the original directors of
the Foundation and the
leader of the effort to save
Chautauqua Institution from
the financial peril it found
itself in from 1933 through
1937. The approximately
$47,000 raised that evening
became the initial source of
an endowment held by the
Foundation in furtherance of
the Institution. Seventy-five
years later, the Foundation
holds approximately
$56,000,000 of endowment.
Early in the same article
about the Old First Night
celebration to be held that
evening, the Daily instructed
its readers that the gift to be
raised to honor Mr. Hazlett
and his colleagues “is a
message, of course, to people
who enjoy doing things of real
importance—people whose
vision sees beyond August
29, 1937—who see that a
reawakened Chautauqua may
accomplish great things in the
future, but can accomplish
none of them without the
good will and individual
support of people like
yourself.”
paid out to the Institution—
For these past seventy-five
we hope that in this year of
years, people like yourself
celebration and anniversary
have contributed to and in
that the community will look
many ways accomplished the
at the larger context in which
reawakening of Chautauqua.
we carry out our work and
The challenges ahead are not
the extraordinary progress
insignificant, but neither are
achieved in the past seventythe ones we have navigated
five years. The Foundation’s
this past decade and in all the
business is to assure that the
years since emerging from
Institution can deliver the
receivership in 1937. In this
summer of 2012, Chautauqua “Chautauqua experience”
is more vibrant, more relevant, in perpetuity at the very
and financially stronger than it highest level. Thus we focus
on building the permanent
has been in its history.
assets necessary to ensure
the financial viability of
The Foundation’s role in these
Chautauqua for all time. And
accomplishments has grown
as it was in 1937, we remain
over time. For our first forty
dependent on the good will
years, our responsibilities
and individual support of
were primarily restricted
people like yourself.
to managing the relatively
Thank you.
small endowment it held and
making distributions to the
Sincerely,
Institution in compliance with
the instructions of our donors.
In 1989, the Foundation
agreed to be responsible
for all of the development
Steven W. Percy,
activities in support of the
Chairman
Institution expanding its
responsibilities beyond
endowment to include the
annual fund and capital
projects. In that time we have
Geof Follansbee,
gone from an organization
Chief Executive Officer
with volunteer officers and
no staff to a full-time CEO
and CFO, and professional
fundraising and administrative
staff overseen by a nineteen
member Board of Directors.
While this annual report
focuses on the record of
the past year—how much
we raised, our investment
performance and what we
We should make special
note that one year ago,
vic gelb retired from the
Board of Directors following
sixteen years of service.
In that time he served as
a volunteer in all of the
Foundation’s campaigns
and served as Chair of
the Idea Campaign which
raised over $53,000,000
in annual, capital and
endowment support. vic
served important roles on
many of our committees
and most recently as vicechair of the Board. This
winter we also received the
resignation of Katie Lincoln.
Katie’s leadership of our
Audit Committee, at a time
when the Audit Committee
took on new importance
in the national world of
non-profits, brought to us
her significant experience,
intelligence and sensitivity
to the issues which needed
to be addressed. In addition
she provided great insight
into our world of investment
and governance. We miss
both she and vic. We are
blessed by a wonderful
pool of talent around
Chautauqua and are very
pleased that John Kobacker
and Laura Currie agreed to
serve on the Board in vic
and Katie’s places.
2
CH AU TAUQUA FO UNDATION
Images on this and future pages have been selected to demonstrate the impact of philanthropy
throughout the history of the Foundation.
CELEBR ATING 75 YEARS
3
report of de v elopment acti v ities
Total Philanthropic Activity
Total philanthropy to support Chautauqua by year
Fiscal
2012
2011
2010
2009
2008
Gifts by area
9%
Other
Specified
DonorsRaised
3,351
$10,510,655
2% Physical Maintenance
3,27311,035,588
3,3538,833,540
3,2544,993,998
3,31816,556,617
7%
Scholarships
4% Educational/Lectureships
21%
Direct
Capital
The chart to the right depicts all gifts received by area of
support for fiscal year 2012 and includes all cash and pledges
recorded, a total of $10,510,655.
48%
General
Support
Annual giving: the Chautauqua Fund
Supporting the full range
of programming as
well as scholarships for
students enrolled in the
Chautauqua Schools of Fine
and Performing Arts, the
Chautauqua Fund is a vital
part of the Foundation’s
fundraising efforts. While
the Foundation’s reporting
is based on its fiscal year, the
Chautauqua Fund raises funds
based on the calendar year.
During the 2011 calendar year,
the Fund received $3,489,489
from 2,956 donors, and
exceeded the previous year’s
total by $173,349, the 19th
consecutive year of increased
giving. This total includes
4
gifts of $151,755 from 510 new
donors. There were also 751
donors who increased their
giving over the previous year.
The Bestor Society, whose
entry level was increased from
$2,000 to $3,500 in 2011, is
comprised of 367 donors who
set the pace by contributing
almost 75% of the total dollars
raised by the Fund.
The success of the Fund
depends upon nearly 150
volunteers who solicit gifts
from fellow Chautauquans.
We express our gratitude
to them for all their efforts.
CH AU TAUQUA FO UNDATION
3%
Religion
6%
Fine &
Performing
Arts
Cash and Pledges to the Chautauqua Fund, capital, and other
Fiscal
The Fund Capital & Other
2012
$ 3,566,002 $
2011 3,275,022
2010
3,111,734
2009 2,894,449
2008 2,925,184
2,241,781$
2,997,530
3,139,224
1,339,609
5,484,802
Total
5,807,783
6,272,552
6,250,958
4,234,058
8,409,986
Capital and Other Gifts
In addition to the Chautauqua
Fund, the Foundation raises
capital and other gifts to
supplement special initiatives
that cannot be accomplished
through the annual operating
budget. Primarily these gifts
support the renovation or
construction of facilities
and extraordinary program
initiatives.
During this past fiscal year,
some of the program and
projects for which funding
was received included the
Chautauqua Prize, New Play
Workshops, storm water
management projects,
sustainable shoreline planning,
Amphitheater design concept,
funding of the New Clergy and
Abrahamic Youth Programs,
the multi-year collaboration
with the Albright-Knox Gallery,
and the continuation of the
Lincoln Ethics Program.
Endowment Support
The Foundation raises and
manages gifts to permanent
and temporary endowment.
Permanent funds provide
support in perpetuity while
temporary funds allow for the
invasion of some or all of the
corpus over time.
Gifts to endowment support
the Institution in all areas
of operation, whether they
are restricted to a particular
use or allow the Institution
administration to determine
New gift intentions, when
combined with the previously
stated intentions of donors,
create a pool of future assets
in excess of $37 million for the
Foundation. The majority of
these future gift intentions are
in the form of bequests.
The Eleanor B. Daugherty
Society recognizes donors
during their lifetime who
have chosen to support
Chautauqua's mission through
a deferred gift. Participants are
listed on pages 20 and 21.
their use year to year. These
funds also underwrite the
delivery of philanthropy to
the Institution.
During fiscal year 2012,
558 donors contributed or
pledged $4,702,872 to build
Chautauqua's endowment,
helping to sustain
Chautauqua's vitality in
future years.
Gifts to Endowment
Cash &
Short-term
Fiscal Pledges Deferred
2012 $3,088,212$1,614,661$
2011 3,622,432 1,145,604
2010 876,197 1,706,386
2009 587,840 172,100
2008 3,589,342 4,557,289
Total
4,702,872
4,768,036
2,582,582
759,940
8,146,631
Endowment Contribution Receivables as of March 31, 2012
Specified Unspecified
Total
Bequest intentions $
10,600,472
$
7,601,719
$
18,202,191
Insurance policies 299,385128,391427,776
Pooled life income fund
1,067,396
2,050,283
3,117,679
Trusts 1,310,05410,956,51612,266,570
Deferred totals 13,277,30720,736,90934,014,212
Total pledges & retained life estate
1,229,759
2,281,614
3,511,372
Total receivables
$ 14,507,066
$23,018,523
$37,525,589
CELEBR ATING 75 YEARS
5
6
CH AU TAUQUA FO UNDATION
C U M U L AT I V E S U P P O R T T O E N D O W M E N T
The following donors have
contributed $10,000 or
more to the Chautauqua
Foundation. We thank them
for perpetuating the idea
and place of Chautauqua.
These totals include gifts
and pledges received or
transferred and held in trusts
or the pooled life income fund
since May 1937.
New donors and changes in
giving levels are denoted in
orange.
In excess of $1,000,000
Anonymous (1)
Mrs. Robert D. Campbell
The Carnahan-Jackson
Foundation
Mr. and Mrs. Robert W. Cornell
Mr. and Mrs. Oliver M.
Langenberg
Elizabeth S. Lenna
Joan and David Lincoln
Kay H. Logan
Martha and Harold F. Reed, Jr.
Mr. and Mrs. Richard M. Rieser
Mr. and Mrs. Robert M. Smith
Lowell and Rebecca Strohl and
Family
Mr. and Mrs. Ralph Swingle
Patty and Spencer Van Kirk III
$500,000 to $999,999
Dorothy L. Anderson
Arthur and Barbara Banner
Mr. and Mrs. Edward P. Boyle
Mr. and Mrs. David H.
Carnahan
Jack Connolly
Dr. and Mrs. R. William Cornell
Emily and John Corry
Eleanor B. Daugherty
Mr. and Mrs. Joseph H.
DeFrees
Barbara and Peter Georgescu
Susan and Thomas Hagen
William D. Kuhns Trust
Steve and Polly Percy
Miriam S. Reading and Richard
H. Miller
Mr. and Mrs. H. Parker Sharp
Mr. and Mrs. Richard K.
Smucker
Mr. and Mrs. Robert O. Wilder
$250,000 to $499,999
Sandy and Quint Anderson
Arnold and Jill Bellowe
Ms. Caroline Van Kirk Bissell
June Bonyor
Ms. Lillian Brink
Gary M. and Willow R. Brost
John W. and Anne Staples
Burden
Andrew L. and Gayle Shaw
Camden
Chautauqua Opera Guild
Wendy and Edward Cohen
John C. Court Family
Foundation
Mrs. Grant A. Dibert
Arthur E. Earley
Mr. and Mrs. George L.
Follansbee
Char and Chuck Fowler
General Electric Foundation
Dorothy and Bill Hill
Bill and Angela James
Dr. and Mrs. W.R. Konneker
Mary Kuhns Trust
Jim and Lynn Levinson
Mrs. John C. Lincoln
Mrs. Charles H. Lytle
Warren K. Martin
Cornelia C. Miller
Miss Jane C. Morgan
Mr. and Mrs. Lewis W. Morgan
National Endowment for the
Arts
Marjorie McCarthy Robins
Herbert B. and Gerda Sachse
Mr. and Mrs. Ralph C.
Sheldon, Jr.
Mr. and Mrs. J. Bruce
Stromgren
Lutie Soper Wilsdon Memorial
Virginia H. and Robert R. Young
$100,000 to $249,999
Anonymous (1)
Mrs. Lucille S. Adamson
Paul M. Alexander
Andy and Peggy Anderson
Mr. and Mrs. A. Chace
Anderson
John E. Anderson
Jack and Elizabeth Armstrong
Clement and Karen Arrison
Foundation
Tracy and John Barakat
Robert and Je’Anne Bargar
Nancy and Dick Bechtolt
Mary and Charles Beggerow
Erika Block
Ellis Bradford and Clara Wood
Golay
P. James and Barbara Brady
Mr. and Mrs. James W. Braham
Twig and Barbara Branch
Mr. and Mrs. John E. Britton
Jean and Tom Bromeley
The Gladys Brooks Foundation
Maxine M. Carleton
Dr. Paul E. Cawein
Beverly and Bruce Conner
Mr. and Mrs. George L. Cornell
The Crockett Family
Kevin, Karen and Jonathan
Crowder
Mr. and Mrs. John R.
Cummings
The DeFrees Family
Foundation
David B. and Jennifer
DeLancey
June and Barry Dietrich
Elizabeth Elser Doolittle
Charitable Trusts
David and Miriam Y. Eddleman
Ann O. Edison
Mrs. Mina Miller Edison
Theodore M. Edison
Mr. and Mrs. Hal A. Fausnaugh
Lauren Rich Fine and Gary
Giller
Scott Fine
Dr. and Mrs. Myron B. Franks
vic and Joan Gelb
Elizabeth and Jack Gellman
Glendorn Foundation
Mr. and Mrs. Timothy B.
Goodell
Mr. and Mrs. William R.
Goodell
Jim and Elisabeth Groninger
Dr. Heber R. Harper
Lisa Heinz
Katherine Hembree
William F. and Pauline G. Higie
Jane Robb Shaw Hirsh
Mr. and Mrs. Arthur S.
Holden, Jr.
The Elke Hoppe Youth
Advancemant Trust
The Hultquist Foundation, Inc.
Charles R. Hunter, Jr.
Mr. and Mrs. Wilmot W. Irish
Mr. and Mrs. Forest B. Irwin
CELEBR ATING 75 YEARS
7
C U M U L AT I V E S U P P O R T T O E N D O W M E N T
Kathryn Frantz Israel
Richard and Mary Kelly
Kevin and Joan Keogh
Ron and Rosie Kilpatrick
James T. and Hetty E. Knox
Ingeborg E. Koch
Ronald and Barbara Leirvik
Helen T. Logan Charitable
Trust
William C. Lortz
Alison and Craig Marthinsen
Ms. Cordelia S. May
Miss Mary E. McCarn
Dr. and Mrs. John W.
McCredie, Jr.
Dr. and Mrs. Frank E.
McElree, Jr.
W. Richard and Mary Lu Mertz
Edward and Lynn Metzger
Ministrare, Inc.
Avril Moore
Mr. and Mrs. Frank W. Moore
Thomas A. Moore
Mr. and Mrs. James Reed
Morris, IV Family
George E. and Susan Moran
Murphy
Richard M. Murray
The Robert L. and Kimberly
J. Myers Fund of the
Community Foundation of
Tampa Bay
National Endowment for the
Humanities
Margery and Sanford Nobel
Hale and Judy Oliver
Robert A. Ott, Jr.
Mr. and Mrs. William H. Park
Dorothy M. Payne
Miss Margaret A. Penn
Prue C. and William M. Petre
Gloria Plevin
Richard A. and Esther M. Popp
Sam and Petey Price
Mrs. Lois Raynow
The Reinberger Foundation
Mr. and Mrs. Bartlett
Richards, III
Mrs. Bartlett Richards
Pat and Bill Rittman
Joseph H. and Florence E.
Roblee Foundation
8
Wallace P. Rusterholtz
Mr. Donald Chace Shaw
Jane and Walter C. Shaw, Jr.
Andrew and Donna Sorensen
Mr. and Mrs. Robert C. Switzer
Susan and John Turben
John and Linda Wadsworth
Charles and Lois Weaver
Edris and David H. Weis
Dr. and Mrs. Robert J. Weiss
Stuart and Sybil Willen
John B. Yoder
Shirley and Sam Zemsky
Steve Zenczak and Pat Feighan
$50,000 to $99,999
Anonymous (1)
John T. and Katherine G.
Bailey
David and Wendy Barensfeld
Jo Bell
William and Christina Bemus
Mrs. Cora M. Blair
Mary Helen Boyle and Ted
Arnn
Sara E. Bradley
Nancy E. Brewer
Katharine J. Carnahan
Mary Peterson Chalfant
Carl and Lee Chaverin
T. James and Hazel Clarke
Memorial Trust
Mr. and Mrs. Thomas O.
Clingan
The Honorable and Mrs.
William F. Clinger
Mr. and Mrs. Eugene S. Cohen
Ruth Collyer
Richard and Dorothy Comfort
Martha S.H. Cowles
Marty and Sandy Coyle
Dorothy L. Downing
Carol McCarthy Duhme
Miss Helen C. Estabrook
Leon Falk Family Trust
Sylvia M. Faust
Ted and Deborah First
Mr. and Mrs. Robert K. Fletcher
Dr. and Mrs. Mark Foglesong
Dorothy Forney
Jane Fortune
S. Allen Goodwin
CH AU TAUQUA FO UNDATION
Fred and Judy Gregory
Becky and Fred K.
Habenicht, Jr.
Mrs. E. Snell Hall
Kathleen E. Hancock
Sarah R. Hankey
Tom and Kathy Harrick
Esther M. Huntoon
IBM Matching Grants Program
Dr. and Mrs. Paul Irion
Mr. and Mrs. Robert Jacobs
Mr. and Mrs. David Jubell
Mr. and Mrs. Max W. Kahn
Christopher Keyser and Susan
Sprung
Judy and Jim Kullberg
Kathryn Lincoln
Stella C. Logan
Flora and Ross Mackenzie
Sarah and Everett G. McLaren
Mrs. Helen Cooper Mercer
Margaret C. Mercer
Dr. and Mrs. Donald E. Milks
Dr. and Mrs. David L. Miller
Mrs. Walter L. Miller
Dr. Steve and Mary Gibbs
Mitchell
Helen Vallance Moe
Mary Anne and John Morefield
Mrs. W.A. Morrison
Robert J. and Cynthia A.
Murray
Mrs. Kathryn K. Musgrove
Mr. and Mrs. Joseph A.
Neubauer
Drs. Robert and Lillian Ney
Mr. and Mrs. Christopher D.
Norton
Florence H. Norton
Steve and Anne Odland
Mr. and Mrs. Robert B. Osburn
Barbara and Robert Pace
Tim and Pat Peters
Av and Janet Posner
Dr. and Mrs. Joseph A. Prezio
Mary Oram Reading
Mary Lou Reed
Leslie C. and Timothy M.
Renjilian Family
Les Reynolds and Diane Payne
Reynolds
Molly and Jim Rinehart
( CO NT. )
Mrs. Mary D. Ritts
Doris H. Ruslink
Jone and Bill Schlackman
Newton B. Schott, Jr. and Toni
LeQuire-Schott
Mrs. Gertrude Elser Schroeder
John and Barbara Schubert
Dr. O. Peter Schumacher
Mme. Shao Fang Sheng
Dorothy E. Shepherd
Dr. and Mrs. William T. Smyth
Donald T. Snow, Jr.
Rabbi Samuel and Lynn Stahl
Steel Hector & Davis
Allen and Margaret Steere
Mrs. Marjorie P. Sterritte
Jay A. Summerville
Linda Tyrrell
Mildred T. Underwood
Mr. and Mrs. E.J. Verlie
Peter and Nancy Waasdorp
Evelyn H. Wargo
Ann W. Webb
Mrs. Nina T. Wensley
Helen M. White
Katherine Karslake White
Subagh Khalsa and Subagh
Winkelstern
Mr. and Mrs. Roy A. Wissel
Tom and Shirley Woolaway
$25,000 to $49,999
Anonymous (2)
Mr. and Mrs. Zachary Abuza
Allegheny Jazz Society
Mary Apple
Leon W. Archer
Sherra and Jim Babcock
Mr. and Mrs. James M. Bailey
Miss Julia M. Bates
Tom and Jane Becker
Gordon B. Benn
Susan and Fran Bonsignore
William Wallace Booth
Edward J. and Martha J.
Borowsky
Richard and Susan Bosland
Mrs. Alexander W. Bouchal
Mrs. Ward T. Bower
Mr. and Mrs. Walter Braham, Jr.
Toni and Paul Branch
David and Sharon Britton
The Kate and Isaac Brody
Foundation
Jacqueline and Selden
Campen
Mrs. Barbara P. Chadwick
Chautauqua Bird, Tree and
Garden Club
Chautauqua Center for the
Visual Arts
Chautauqua Golf Club Project/
Board of Governors
Cynthia Clarke
Roger and Suzy Conner
Barbara and James Copeland
Sarah A. Corns
Laura and Brad Currie
Elizabeth Danielson
Mr. and Mrs. Morgan O.
Doolittle
Bob and Lora Lee Duncan
Rita A. Dunn
Eli Lilly and Company
Foundation
Ellwood Group, Inc.
Cordelia C. Ensign
Jean and Sigo Falk
Mr. and Mrs. Robert W. Fay
Mr. and Mrs. James L. Flynn
Dr. and Mrs. Herbert P. Fritz
Dennis J. Galucki
Chip and Gail Gamble
Marjorie and Marc Geller
Carole Gladstone
Errol and Oakley Green
Kent I. and Fredrika S. Groff
Jane A. Gross
Mr. and Mrs. Brent R. Grover
Thomas L. Hagner and Linda
A. Ulrich-Hagner
Tirzah H. Hall
Sam and Diana Harbison
Mr. and Mrs. Walter O. Harf
James and Kathleen Harris
Mr. and Mrs. James M. Hauck
Mrs. Edward Haupt
Bruce and Mary Stroh
Henderson
Mr. and Mrs. George H.
Herchenroether
Mr. and Mrs. Cyril T.M. Hough
Evelyn G. Howard
Mrs. Helen Pickup-Hyman
Mr. and Mrs. Dale E. Kaufman
Mr. and Mrs. Charles E. Kaylor
Keeva and Joan Kekst
Mathilda Munroe Klaus
Lawrence G. Knecht
Samuel J. Kresge
Dr. Lewis and Alice Kuller
Mr. and Mrs. Irving B. Lacy
Gerald F. and Jane Y. Lahey
Estate of Velma Jean Laird
Mr. and Mrs. Robert Laubach
The Rev. and Mrs. Thomas C.
LeClere
Ms. Mildred Lesenger
Levi Strauss Foundation
Arville G. Light, Jr.
Macy’s Foundation
Holly Mak and Marc Hersh
Mr. Gerald and Rev. Dorothea
Maloney
Mr. and Mrs. Timothy J. Manor
and Family
Mrs. Marianne Elser Markham
Chris and Sue Martin
Samuel R. and Ann J. McClure
John P. McCune
Mr. and Mrs. William A.
McKnight
Mr. Earle A. Miller
R. James Miller and C.L.
Schelhas-Miller
Mr. and Mrs. Dawson E.
Molyneaux
Martiza L. Morgan
Grace L. Newbury
Office Depot, Inc.
Dr. and Mrs. David B. Orr
Mary and Jim Pardo
Charles E. Peirce
Rebecca A. Penneys
Dr. and Mrs. Robert L. Pickens
Mr. and Mrs. Bruce E. Pindyck
Mr. and Mrs. Melvin N.
Pomerantz
Presbyterian Association of
Chautauqua
The Rait Family
Josette and Ron Rolley
Mary M. Ross
Dr. and Mrs. R. Bradley Sack
Dr. and Mrs. William Blake
Selnick
Mr. and Mrs. Donald W. Sharp
Peggy and Pope Shuford
Dr. James A. and Mary Anne
Singleton
Mrs. Nancy Coburn Snyder
Mr. and Mrs. George T. Snyder
Mrs. Constance Somers
Eleanor M. Thomas
Dessie B. Tichenor
Steven and Gwynneth Tigner
Time Warner Foundation, Inc.
Dr. and Mrs. Richard B. Viehe
Mr. and Mrs. Arthur E. Wade
Nina and Norman Wain
Ms. Jo-an M. Webb
Herbert and Lorraine Weier
Dr. and Mrs. Fred R. Whaley, Sr.
Cynthia C. and Terry R. White
Nora J. Williams
Dent and Joan Williamson
Mr. and Mrs. Jack A. Winter
Mr. Jack R. Winter
Mr. Michael Winter
Daniel and Pam Wissel
Sally L. Wissel
Henry L. Wood
Allen and Deborah Zaretsky
Zurn Industries, Inc.
$10,000 to $24,999
Anonymous (4)
Rena Aldredge
Eleanor Allison
Myrtle Armbuster
Nancy Miller Arnn
Bennie and Dick Arnold
Mr. and Mrs. Reid B. Babcox
Robert B. and Mary W. Bargar
Steve and Kathe Barge
Zoe and Ken Barley
Dr. Michael L. Barnett
Beatrice Bates
William E. and LaDonna G.
Bates
Alice Ward Benedict
Evie and Stacey Berger
Frances Black
Mr. and Mrs. Alan J. Blair
David R. and Margaret
Blossom
Mr. and Mrs. John L. Bracken
The Braitmayer Foundation
Wanita Bratton
Frances Hyams Brentano
Jeff and Mary Jo Buckwalter
Dick and Margie Buxbaum
Byham Charitable Foundation
Genevieve Chaney
Chautauqua Women’s Club,
Inc.
Alan and Betsy Clark
John R. Cochran
Mark Cohen and Miriam
Vishny
Wendell and Ruth Gerrard
Cole
Mr. and Mrs. Dan W. Cook
Mildred K. Cooper
Ellis and Bettsy Cowling Fund
of Triangle Community
Foundation
Mary Frances Cram
William R. Crawford Trust
Joseph and Nancy
Cruickshank
Dr. Abdallah S. Daar
Ms. Gertrude Daney
Dr. and Mrs. George J.
D’Angelo
Mr. and Mrs. William D.
Dawson
Harry Deischer
John DeVillars
Mollie Dicker
Patricia and Robert Dietly
Louise Shaw Dill
Mrs. Harry E. Dobbins
Willis E. Dobbins
The Donum Fund of The
Cleveland Foundation
Mrs. Pearl P. Dopp
Helen H. Dyer
Dorothy Eadie
Mr. and Mrs. Michael Eisner
Orril H. Elder
Envirogas Inc.
Renee Evans
Mr. and Mrs. Henry Everett
ExxonMobil Foundation
John D. and Laura M. Faust
Mr. and Mrs. C. Fred Fetterolf
Dr. Marvin L. and Beverly
Fiegelman
Gerald Flaster
CELEBR ATING 75 YEARS
9
C U M U L AT I V E S U P P O R T T O E N D O W M E N T
George L. Follansbee, Jr. and
Gay Didget
Ruth Harper Follansbee
Robert F. Forbes
Zetta and Ken Fradin
Edward J. and Gloria PalmerFuller
The G.A.R Foundation
Jessie Leslie Gallup
Louise N. Farnsley Gardner
Mrs. Fred Gasche
General Mills Foundation
Helen W. Giacobine
Mr. and Mrs. Joseph Goldfarb
Mr. and Mrs. Alfred Goldman
Patricia Goldman and Stephen
Kurzman
Michael Goodell
Kathy and Al Gordon
Graphic Forms and Systems
Division of Belknap
Bluie and Kitty Greenberg
Don and Kathleen Greenhouse
Dr. Homer J. Hall
Mrs. J. Everett Hall
Donna and Mark Hampton
Mr. and Mrs. James P. Hancock
Edna B. Harvey
Mr. and Mrs. D. Armour
Hillstrom
Mrs. Margaret S. Hitchcock
Sallie Lou Holder
Mrs. Robert Cleveland Holland
Todd Holland and Scotch Ellis
Loring
Marguerite B. Hough
Harriet Howe
John and Meredith Hudson
International Order of the
King’s Daughters and Sons
David Ives
Juanita Wallace and John
Arter Jackson
Ruth H. Jackson
Barbara and Joel Jacob
Mary Hillman Jennings
Foundation
Johnson & Johnson Family of
Companies
Bob and Selina Johnson
Miss Doris Goodrich Jones
10
John F. and Mary Giegengack
Jureller
Jeannette D. Kahlenberg
Patricia Kaighin
Mr. and Mrs. William G.
Karslake
Evelyn Hoffman Kasle
Annie H. Kelsey
Jane and Chaz Kerschner
Barbara and Herb Keyser
Georgiana Bole King
Patricia L. King
Joan G. Kissner
Arvid J. Kling
Mae S. Kling
John and Alice Langenberg
Martin and Eileen Leinwand
Jack and Ellie Lesser
Clare and Mace Levin
Edna H. Love
Robert S. Lucas Family Trust
Linda and Saul Ludwig
Stan and Sara Lundine
Dale and Mary Lyndall
Mrs. Lillian Buxbaum Madway
David Magee and Cheryl
Roberto
Mrs. Jeannette B. Mainwood
Jesse and Cathy Marion
Sara Carson Marrs
Dianne K. Martin
Clara Masik
William and Elizabeth Mather
Mr. Eugene Ross McCarthy
Robert H. McClure
Mary Jane McClurg
Mrs. W.D. McCreery
Mr. and Mrs. Daniel J. McEvoy
Anne and Walter McIntosh
Lindy McKnight and Erin
Cunningham
J.J. Medveckis Foundation
Elizabeth Miller Trust
Mr. and Mrs. Lewis Miller
Mr. Richard H. Miller, Jr.
Mrs. William E. Miller, Jr.
Mrs. Virginia Moore
John and Beth Munro
Louise and Joseph Musser
Alice Shelburne Neild
Mr. and Mrs. Jack M. Nelan
The Newman’s Own Fund
CH AU TAUQUA FO UNDATION
John A. and Ann Odell
William and Jane Pfefferkorn
Ellis L. Phillips Foundation
J. Jason Phillips and Sheila
Schroeder
Pittsburgh National Bank
Jeannette A. Polley
Presbyterian Foundation
Anne S. Prussing
Dr. Bert and Mary Rappole
Mrs. George F. Reed
Isabelle R. Reed
Gary and Colleen Reeve
Suzanne and Thurston Reid
Agnes H. Reigart
Curtis and Pamela Reis
Mr. and Mrs. Jack D. Rice
Jay and Marilyn Richey
Kathleen M. Riley
Jane and Carlyle Ring, Jr.
Rachel and Philip Rogers
William D. Rogers
Marcia and Jerry Rothschild
James and Maureen Rovegno
Dr. David and Susan Rubin
Ralph and Gretchen Sather
Ms. Mary Seifert
Kevin and Susan Shea
Mr. and Mrs. Allen Short
Betty and Alan Siegel
Joanne and Bert Simons
Tom and Penny Small
Dr. Robert G. and Katy T. Smith
Dolores Thompson Sparks
Clyde Speer
Evangeline McKnight Speer
Lois A. Steere
E. Jane Stirniman and Jeanne
F. Wiebenga
Jana and Stanley Stone, Jr.
Vern Swaback
Mr. Howard Talks and Ms.
Carol Hall
Mr. and Mrs. Frank E. Taplin, Jr.
Sue and Gary Tebor
Harold and Jean Thurston
Tiger Management L.L.C.
TRW, Inc.
Dr. Carl A. and Mary L. Viehe
Larry and Maria Wagner
Carolyn and Bill Ward
( CO NT. )
Kitty and Guy Warman and
Family
Kuniko Washio and William
Scollard
Florence Mina Miller Weiler
Elizabeth Ann Wick
Rachel Wilder and Phil Lerman
Norma K. and Allan P. Wilson
Mrs. Lou Wineman
Ann P. Winkelstein
Caroline P. Young
Mr. and Mrs. Howard Zemsky
CELEBR ATING 75 YEARS
11
12
CH AU TAUQUA FO UNDATION
FISCAL 2012 CONTRIBUTORS TO ENDOWMENT
The Foundation expresses
sincere appreciation to the
many individuals, corporations,
and foundations whose cash
gifts to endowment were
received during fiscal year
2012. We extend our thanks
to these many contributors
for their generous support
— the very reason for our
continued success.
We have highlighted donors
new to this list in orange.
Harold and Donna Aebischer
Kenneth and Suzanne Aldrich
Mr. and Mrs. Philip R. Aley
Allegheny Jazz Society
Altria Group, Inc.
Mark Altschuler and Maria
Quijano
John D. Ames
Andy Anderson
Judy and Bill Anderson
Daria C. Andrews
Anna Antemann
Paul Anthony and Joanne
Ritacco
George and Kristi Armijo
Eleanor and Richard Aron
Clement and Karen Arrison
Foundation
Sherra and Jim Babcock
Judith Bachleitner
Catherine and William
Backlund
John T. and Katherine G.
Bailey
BancorpSouth
Bank of America
Tracy and John Barakat
David and Wendy Barensfeld
Nancy Gay Bargar
Steve and Kathe Barge
Zoe and Ken Barley
Constance Barton and William
Northrop
Christina L. and David T. Bauer
Ralph and Cindy Baumgartner
Tom and Jane Becker
Mr. David P. Beeson
Nancy A. Beeson
James and Patricia Bennett
Rebecca Bennett
Rowland F. Bennett
Evie and Stacey Berger
Donald H. and Barbara K.
Bernstein Family Foundation
James R. Bertine
Dr. Joseph Bethuy
Agnes Billisits
Ms. Caroline Van Kirk Bissell
Henry and Benita Black
Ray and Judith Black
Shirley and Mel Bleiberg
Gary and Jane Blemaster
Peter L. Bloom and Janet M.
Greenfield
Karen Blozie
Renate Bob
James and Kathleen Bond
Jeannette M. Boucher
Carla and Brad Bower
Mary Boyle and Ted Arnn
Sara E. Bradley
Wanita Bratton
David and Sharon Britton
Meryl Brodsky
Jean and Tom Bromeley
Gary M. and Willow R. Brost
Dan Brown
Christine and Jason Brueschke
Philip J. Brunskill
Steve and Linda Buch
Jeff and Mary Jo Buckwalter
Eugene and JoAnn Smith
Buffo
Building Owners and
Managers Association of
Greater Cleveland
Catherine L. Burge
Susan and Rick Burtnett
Joseph E. Bush
Charles and Donna Bussey
Laura P. Butler
Dick and Margie Buxbaum
Bonnie P. Byrd
Richard and Kathleen Caine
Andrew L. and Gayle Shaw
Camden
Kathleen Cannon
Dr. Paul E. Cawein
Anita Chadwick
Patricia Chadwick
Chautauqua Adult Care
Centers, Inc.
Chautauqua Bookstore
Chautauqua Fire Department
Auxiliary
Chautauqua Hotel Company,
Inc.
Chautauqua Opera Guild
Jerome and Kathryn Chesley
Claire Cheslock
Dr. James J. and Carol A.
Chimento
Sara Chontos
Carol V. Hayes-Christiansen
Church Women United in
Florida
Dr. Sebastian and Mrs. Marilyn
Ciancio
Judith S. Claire and Robert W.
VanEvery
Carolyn and Kevin Clancey
Karen Clarke
Sharon and Chuck Clarkson
Louis, Deborah and Tiffany
Clementi
Mr. and Mrs. Thomas O.
Clingan
The Honorable and Mrs.
William Clinger
Drew P. Cobbs
Rev. Helen Baily Cochrane
Mark Cohen and Miriam
Vishny
Wendy and Edward Cohen
Geoffrey and Julia Coleman
Comfort Care Technologies,
Inc.
The Community Corporation
Jennifer W. Comstock
Harry W. and Mary E. Conarro
Jack Connolly
William and Janella Cooley
Lois I. Kaufman Cornell
Emily and John Corry
Ellis and Bettsy Cowling Fund
of Triangle Community
Foundation
Virgina H. Cox
Sharon Craig
Edna S. Crissman
The Crockett Family
Barbara J. Crounse
Louise and George Crozier
Laura and Brad Currie
Dr. James and Shelly Dahlie
Barbara and Steve Darlington
David and Bette Davidson
Richard and Marty Davis
Ron and Nancy Davis
Evelyn Dearing
Shelly and William de Butts
Cindy and Richard Demsey
Dennis and Elizabeth Diehl
June and Barry Dietrich
Cathy and Leigh Digel
Dale and Ellie Dixon
CELEBR ATING 75 YEARS
13
FISCAL 2012 CONTRIBUTORS TO ENDOWMENT
Jill Donaldson
Maribeth and Harry Donnelly
James and Antonia Douglass
Dorothy L. Downing
Downtown Cleveland Alliance
Carol M. Drake
Katy Duda
Carol McCarthy Duhme
Dr. and Mrs. R. Jackson Dykes
Dorothy Eadie
Drs. David and Miriam Y.
Eddleman
Marcia Epstein
Joanie and Dudley Ericson
Brent and Korin Evans
Renee Evans
Patricia and Allan Eyre
Jean and Sigo Falk
Mr. and Mrs. Hal A. Fausnaugh
John D. and Laura M. Faust
Sylvia M. Faust
Anita B. Ferguson
Gregory and Marcella Ferriss
Carolyn and Lou Fidanza
Scott A. Fine
Kim E. Fiske
Mr. and Mrs. Robert K. Fletcher
Lisa A. Flynn
Dr. and Mrs. Mark Foglesong
George L. Follansbee, Jr. and
Gay Didget
Mrs. George L. Follansbee, Sr.
Mrs. Richard Follansbee
Dr. Elizabeth B. Ford
Jackie and Jess Fosselman
Sally B. Foster
Randy Fox and Anne McArdle
Fox
Tom Fox
John Franke
Mrs. Eleanor B. Franks
Martha Frommelt and David
Feldsh
David A. Fruehauf
Robert and Fanchon Fuller
Mr. and Mrs. Joel T. Gaden
Elizabeth Gallagher
Dennis J. Galucki
Chip and Gail Gamble
Spencer and Nancy Garrett
Jane Geisse
Marc D. Geller
14
General Electric Foundation
Barbara and Peter Georgescu
Mr. and Mrs. Richard T.
Gieryn, Jr.
Carol Russ Gilbert
Marjorie and Robert L. Gingell
George Gitlitz
Michael Gitlitz and Rita
Handman
Richard Glick
Mr. and Mrs. Alfred Goldman
Patricia Goldman and Stephen
Kurzman
Paul Goldstaub
Pamela and Marvin Goldstein
Mr. and Mrs. Timothy B.
Goodell
Google Matching Gifts
Program
Mr. and Mrs. Gary Goranson
Cheryl O. Gorelick
Carole, Frank and Mark Gori
Lawrence Greenberg, MD and
Rodney Schlaffman
Candace Gregory
Jim and Elisabeth Groninger
Beth Grossman
Gwen Ann Guiraud
Joan and Guy Gunzberg
Angel Gutierrez and Elisabeth
Zausmer
Carole Lynn Haas
Becky and Fred K.
Habenicht, Jr.
Thomas L. Hagner and Linda
A. Ulrich-Hagner
Hahn, Loeser & Parks, LLP
Travis and Betty Halford
Barbara and Arnold Halpern
Ann Halvorsen
Donna and Mark Hampton
Florence C. Haney
Tom and Kathy Harrick
John L. Harrington, M.D.
Barbara J. Harris
James and Kathleen Harris
Rick and Diane Harris
Marilynn Harrison
Jacqueline B. Hart
Mr. and Mrs. James M. Hauck
Raphael and Jan Hays
Samuel and Margaret Hazlett
CH AU TAUQUA FO UNDATION
Charles B. Heck
Anne Mischakoff Heiles and
William Heiles
Charles and Wendy Heinz
Mr. and Mrs. Grant Hennessa
Bob and Lisa Hephner
Mr. and Mrs. Daniel A.
Herrick, III
Jeanette L. Hess
Fran Hewitt
Warren L. Hickman
Dorothy and Bill Hill
Natalie Hillegas
John and Robin Hinchcliff
Anita and Sidney Holec
Margaret Holibonich
Steve and Ruth Holmes
Dean and Joyce Hoover
The Elke Hoppe Youth
Advancement Trust
Nelson and Betty Horne
James P. Hukill
John and Janet Hukill
IBM Matching Grants Program
Connie Ilse
Jeff Innes and Sue Hammond
Mr. Wilmot W. Irish
Mr. and Mrs. Howard E.
Jackson
Louise Jackson
Bill and Angela James
Lois Johnston Walpole James
The Janki Family
Janus Capital Group, Inc.
Aliceanne Johnson
H. Alston and Becky Johnson
Emiley Johnson
Mr. and Mrs. Howard L.
Johnson
James T. and Pamela B.
Johnson
Stacey Jones
Jeannette D. Kahlenberg
David Kahn
Dr. Eva Kaltenthaler
Lisa Kaltenthaler and Robert
Wimmel
Mr. and Mrs. William G.
Karslake
Charles and Naomi Kaufman
Rose Kaufman
Paula and Bill Kavanaugh
(CON T.)
Bette and John Keane
Don and Wendy Kennedy
Joan Keogh
Kyle and Elizabeth Keogh
Jane and Chaz Kerschner
Roger and Joann Kersh
Barbara and Herb Keyser
The Kiefer Family
Patricia L. King
William M. Kinley
Frederick L. Klein
David M. Kleppinger
Patricia Klingensmith
James T. Knox
Ingeborg E. Koch
Robert J. Kohler
Mary Lou Kookogey
Tom and Linda Krueger
Gerald F. and Jane Y. Lahey
Joan Lampe and Mark
Boehnlein
Mr. and Mrs. Oliver M.
Langenberg
Richard and Nancy Langston
Cheryl and John Larkin
Cynthia L. Law
Meg and Rodney Lay
Steve and Ellen Lazarus
David R. and M.B. Rinaldo-Lee
Blossom Leibowitz
Jeff and Nancy Leininger
Martin and Eileen Leinwand
Levi Strauss Foundation
Miriam Spero Levinson
Kathryn and David Levy
Susan Levy
Ann T. Lincoln
Mr. and Mrs. Herbert W. Lind
Jonathan and Annette Lindsey
Kay H. Logan
Florence and Bruce Long
Bruce and Arlene Loring
Jeannette Ludwig and Claude
Welch
Kristine Lyman
James H. Lynch, Jr.
Kevin A. Lynch
Dale and Mary Lyndall
Shirley C. Lynn
Dr. Charles and Catharine
Mackenzie
Thomas Maddux
David Magee and Cheryl
Roberto
Holly Mak and Marc Hersh
Mr. Gerald and Rev. Dorothea
Maloney
Mr. and Mrs. Timothy J. Manor
and Family
Craig and Stacey Manzino
Natalie Manzino
Mar Cove Condominium
Association
Maranatha
Natasha Marek
Kenneth Marks
Anne Maron
Stan and Ann Marshaus
Chris and Sue Martin
Dianne K. Martin
Mary Ellen Martin
Warren K. Martin
Will and Betsy Martin
Barbara L. Mattiko
Ryan, Heather, Joshua and
Justin Maurer
John and Mary Ann McCabe
Sue and Stu McCalley
Sally and Robert McClure
Sharon and Alan McClymonds
Carol and Bob McCoy
Maureen McCoy
Anne and Walter McIntosh
Jack McKibbin
Grace and John McKinnon
Joyce C. McKnight
Lindy McKnight and Erin
Cunningham
Sarah and Everett G. McLaren
McNees Wallace & Nurick, LLC
Jane and Jim Mead
Kevin and Ann Mead
Lynn and Arnold Meltzer
Merkle, Inc.
Edward and Lynn Metzger
Dr. and Mrs. Donald E. Milks
Millennium Pharmaceuticals,
Inc.
Elizabeth M. Miller
Jane K. Miller
Laura Miller
R. James Miller and C.L.
Schelhas-Miller
Mrs. William E. Miller, Jr.
Dr. Steve and Mary Gibbs
Mitchell
Monument Realty, LLC
Sally M. Moore
Mary Anne and John Morefield
Pamela Shaw Morey
Richard Morstein
Lynn and Rich Moschel
Viranjini Munasinghe and
David Ethridge
Cooper and Rick Munroe
George E. and Susan Moran
Murphy
The Robert L. and Kimberly
J. Myers of the Community
Foundation of Tampa Bay
Heidi Nauleau
Bill and Ellen Neches
Kathleen A. Nelson
Mrs. Robert W. Nickeson
Peggy Ulrich-Nims and Charlie
Nims
Margery and Sanford Nobel
Dr. and Mrs. John E. Northman
Cynthia Norton
Susan Nusbaum
Dr. and Mrs. Robert W. Obee
Judy and Hale Oliver
G.L. Olson, Inc.
Rosalyn Ominsky
Kathleen O’Neil
George and Melissa Orlov
OSS, Inc.
Martin and Barbara Brandwein
Painkin
Mary and Jim Pardo
Brett and Amy Parise
Mr. and Mrs. William H. Park
Lois and Ed Paul
Paul D. Pearson
Richard and Linda Penman
Steve and Polly Percy
Ginny and Bob Perkins
Arnie Perl and Evan Goldman
Tim and Pat Peters
William J. Peterson
William and Jane Pfefferkorn
Betty Nelson Pfohl
Dr. Terry and Anita Philibin
Sharon L. Phillis
Dr. and Mrs. Robert L. Pickens
Thomas S. and Sally P. Piper
Laine Pitcher
Gloria Plevin
Robert and Anne Plyler
Mr. and Mrs. John J. Power
Dr. and Mrs. Joseph A. Prezio
Petey and Sam Price, Sr.
Marsha C. Pritz
Anne S. Prussing
Mary H. Prussing
QCI Asset Management, Inc.
Trevor Quan
Whayne and Ursula Quin
Patricia Tinker Raab and Ted
Raab
Dr. Doreen Rao
Whit and Jennifer Rappole
Mrs. Lois Raynow
Miriam S. Reading and Richard
H. Miller
Dick and Caran Redington
Richard Redington
Suzanne and Thurston Reid
Curtis and Pamela Petre Reis
Clemens and Carole Reiss
Renewable Northwest Project
John and Doris Rice
Dr. Carl A. Riemenschneider
Mr. and Mrs. Richard M. Rieser
Susie and Rick Rieser
Jane and Carlyle “Connie”
Ring
Patricia B. Rittman
Mr. and Mrs. Paul D. Roberts
John and Rachel Robertson
Dr. Connie M. Robinson
Rachel and Philip Rogers
Max Roos
Rosenbaum & Associates, Inc.
Bonnie Rosenthal
Howard Ross and Annette
Potenza
Rose Marie Roth
Marcia and Jerry Rothschild
Dr. David and Susan Rubin
Sandra Russell
Patrick and Jan Rutty
Carole Ryznar
Curtis L. Sano
Susan Savoie
Judith and Alton Schadt
Joan B. Schell
Mary B. and Charles C. Schiller
Deenie and Sid Schlosser
Mary Jane Schmidt
Barbara Schnure and Larry
Lawson
The Schorman Family
Newton B. Schott, Jr. and Toni
LeQuire-Schott
John and Barbara Schubert
Morley and Rosalie Schwebel
Mrs. Susan B. Scott
James E.L. Seay
Donald and Courtney Shaffer
Samuel and Michelin Sharp
Orris W. Sheldon
Shepherd, Williams &
Associates, LLC
Bruce and Carol Sherman
Thomas R. Shields, II
Elaine and Allen Short
Carol and Tad Shura
Betty and Alan Siegel
Joan and Roger Simon
Sandra M. Sindelar
Dr. James A. and Mary Anne
Singleton
Dan and Edie Sklar
Ann M. Slonaker
Joan Aspell Smith
Karen and Stan Smith
Dr. Robert G. and Katy T. Smith
Helen P. Snyder
Peggy Snyder
Jennie Snyder and Mary
Chlopecki
Neil Sonenklar
Donna Sorensen
Southwest Technologies, Inc.
Dorothy and Robert Stahl
Rabbi Samuel and Lynn Stahl
The Starr Family
Katie and Dave Stecker
Linda Steckley and Pete
Weitzel
Ruth and Ted Steegmann
Lois A. Steere
Louise and John Steiner
Marilyn Steinkopf
Dan and Rena Sternberg
Mrs. Marjorie P. Sterritte
Ken and Lois Strickler
Lowell and Rebecca Strohl and
Family
CELEBR ATING 75 YEARS
15
FISCAL 2012 CONTRIBUTORS TO ENDOWMENT
Mr. and Mrs. Michael Struk
Mr. and Mrs. Milton Stumpff
Dan and Ann Sullivan
Halladay Swanson
Roland A. Swanson
Hallie Jane Dill Tapp
Elissa Tauber
Ann and Sheldon Taylor
Sue and Gary Tebor
Steve and Pat Telkins
Janet C. Templeton
Harold and Jean Thurston
Paula, Chad and Grace
Tiedemann
Mr. and Mrs. Donald V. Todd
Toni and Wayne Todd
Dr. Eric and Kathy Trattner
Mr. and Mrs. Albert Sharpe
Trefts, Jr.
Dr. and Mrs. Albert J. Turbessi
Dr. Alexandra Ukmar
Robert and Susan Vedder
Gerald and Beverly Verbridge
Dr. Carl A. and Mary L. Viehe
John and Mary Viehe
Barbara Vitkowsky
Mike and Donna Vlasov
John Vollmer
Peter and Nancy Waasdorp
John and Linda Wadsworth
Norman Wain
Sally A. Walker
Janet M. Walpole
Warren General Medical Staff
Kuniko Washio and William
Scollard
Lois Weaver
Ms. Jo-an M. Webb
Clifford and Lindsay Weidner
Mrs. Beatrice Weiner
Jason and Nancy Weintraub
Edris and David H. Weis
Dr. David and Kathleen
Weisenberg
Dr. and Mrs. Robert J. Weiss
Paula and George Welch
Glen Weller
Carol M. White
Cynthia C. and Terry R. White
Katherine Karslake White
Anne Whyte
Fred and Sharon Widmann
16
Diana M. Wiesner
Dent and Joan Williamson
Mr. and Mrs. James E. Wills
Mr. H. Thomas Wineman
John and Jessie Wineman
Mrs. Lou Wineman
Bernie and Dottie Wingert
Ann P. Winkelstein
Subagh Khalsa and Subagh
Winkelstern
The Winston Family
Foundation
Harvey and Carole Wolsh
Mr. and Mrs. Timothy Wood
Allison Wuliger
Caroline P. Young
Tammy S. Zelenak
Johanna M. Zimmerman
CH AU TAUQUA FO UNDATION
(CON T.)
C U M U L AT I V E O P E R AT I N G , C A P I TA L & E N D O W M E N T S U P P O R T
Numerous individuals
and organizations have
expressed their commitment
to Chautauqua through
extraordinary expressions
of philanthropy. The lifetime
giving list recognizes and
thanks the cumulative
generosity of donors who
have pledged or transferred,
outright or as part of
irrevocable gift instruments
for the ultimate benefit of
Chautauqua, in excess of
$250,000 in charitable support
to the Chautauqua Foundation
and Chautauqua Institution.
We have highlighted donors
new to this list in orange.
Andy and Peggy Anderson
Dorothy L. Anderson
John E. Anderson
Sandy and Quint Anderson
Edward L. Anderson and Joan
E. Parsons
Barbara and Arthur Banner
Mr. and Mrs. Richard L.
Bechtolt
Arnold and Jill Bellowe
Caroline Van Kirk Bissell
June Bonyor
Mr. and Mrs. Edward P. Boyle
Mary Boyle and Ted Arnn
Kathy and James Braham
Ms. Lillian Brink
Mr. and Mrs. John E. Britton
Jean and Tom Bromeley
Gary M. and Willow R. Brost
John W. and Anne Staples
Burden
Andrew L. and Gayle Shaw
Camden
Mrs. Robert D. Campbell
The Carnahan-Jackson
Foundation
Mr. and Mrs. David H.
Carnahan
Chautauqua County Visitors’
Bureau
Chautauqua Opera Guild
Town of Chautauqua
Chautauqua Women’s Club,
Inc.
Wendy and Edward Cohen
Jack Connolly
Mr. and Mrs. George L. Cornell
Dr. and Mrs. R. William Cornell
Mrs. Robert W. Cornell
Emily and John Corry
John C. Court Family
Foundation
Marty and Sandy Coyle
Eleanor B. Daugherty
Mr. and Mrs. Joseph H.
DeFrees
Mrs. Grant A. Dibert
Elizabeth Elser Doolittle
Charitable Trust
Arthur E. Earley
Charles Edison Fund
Mr. and Mrs. Hal A. Fausnaugh
Lauren Rich Fine and Gary
Giller
Mr. and Mrs. Robert K. Fletcher
Mr. and Mrs. James L. Flynn
Mr. and Mrs. George L.
Follansbee
Char and Chuck Fowler
Mimi and Jim Gallo
Gebbie Foundation, Inc.
vic and Joan Gelb
General Electric Foundation
Barbara and Peter Georgescu
Mr. and Mrs. Timothy B.
Goodell
Mr. and Mrs. William R. Goodell
S. Allen Goodwin
Jim and Elisabeth Groninger
Jane A. Gross
Susan and Tom Hagen
Kathleen E. Hancock
Ms. Verna Harrah
Lisa Heinz
Dorothy and Bill Hill
Dr. Michael G. and Carol
Nobel Hirsh
The Hultquist Foundation, Inc.
Bill and Angela James
Karin A. Johnson
W. Alton Jones Foundation
Joe and Pam Kanfer
Kevin and Joan Keogh
Ron and Rosie Kilpatrick
Dr. and Mrs. W.R. Konneker
The Kresge Foundation
Mary Kuhns Trust
Trust Of William D. Kuhns
Mary and Oliver Langenberg
Elizabeth S. Lenna
Jim and Lynn Levinson
Joan and David Lincoln
Mrs. John C. Lincoln
Helen T. Logan Charitable
Trust
Kay H. Logan
James H. Lynch, Jr.
Mrs. Charles H. Lytle
Chris and Sue Martin
Warren K. Martin
Dr. and Mrs. John W.
McCredie, Jr.
Dr. and Mrs. Frank E.
McElree, Jr.
Cornelia Chason Miller
Ministrare, Inc.
Mary Anne and John Morefield
Miss Jane C. Morgan
Mr. and Mrs. Lewis W. Morgan
George E. and Susan Moran
Murphy
National Endowment for
the Arts
New York State Council on
the Arts
Ralph H. and Elizabeth C.
Norton Philanthropic Trust
Office Depot Foundation, Inc.
The John R. Oishei Foundation
Hale and Judy Oliver
Robert A. Ott, Jr.
Mr. and Mrs. William H. Park
Steve and Polly Percy
PNC Bank, N.A.
Richard A. and Esther M. Popp
Mrs. Lois Raynow
Miriam S. Reading and Richard
H. Miller
Harold and Martha Reed
Mrs. Bartlett Richards
Richard and Elaine Rieser
Marjorie McCarthy Robins
Herbert B. and Gerda Sachse
Mr. and Mrs. H. Parker Sharp
Ralph C. Sheldon Foundation,
Inc.
Mr. and Mrs. Robert M. Smith
Mr. and Mrs. Richard K.
Smucker
Lowell and Rebecca Strohl and
Family
Mr. and Mrs. Bruce Stromgren
Mr. and Mrs. Henry B. Suhr, Jr.
Mr. and Mrs. Ralph Swingle
Helen Truman Trust
The Turney Family
Patty and Spencer Van Kirk III
The Margaret L. Wendt
Foundation
Mr. Robert O. Wilder
Lutie Soper Wilsdon Memorial
Virginia H. and Robert R.
Young
Sam and Shirley Zemsky
CELEBR ATING 75 YEARS
17
18
CH AU TAUQUA FO UNDATION
2 0 1 2 memorials
The Foundation gratefully
acknowledges the
contributions made in
memory of and remembers
the following:
SueAnn Ames
Liz Armstrong
Teretha Arnett
Jane Moore Austin
Robert Bargar
John G. Bennett
Mary Blake
John H. Bliss
Don Blumenthal
Bobcat
Steve Brown
Denny Buch
Sheldon Chafetz
Barbara Clement
Charles Cornell
Joseph and Patricia Crupi
Dorothy Eadie
Betty Lenna Fairbank
H. David Faust
Eleanor J. Fitzgerald
James Flynn
Kathy Furman
Marjorie Geller
Beverly A. and James H.
Gelwicks
Sheila R. Gitlitz
Ann Lubin Goldstein
Adair Gould
Ernest and Ruth Himebauch
Donna Boyle Holland
Joan Jacobs
Lois Walpole James
Donald King Karslake
Raymond Keffer
Paul Marino
Richard Marshall
Ralph Martineau
Virginia McElhenny
Roberta McKibbin
Jane Miller
Paul M. Mischakoff
Mary Moran
Lewis and Katherine Morgan
Florence Norton
John Odell
Rose Piper
Charles Price
Douglas Raynow
Mary Oram Reading
Margo Lewis Rice
Gene and Bill Rickert
Richard M. Rieser
Catherine Prussing Rodgers
Jane Rodgers
Florence Ross
Gladys Ross
Paul Sample
Andrew Sorensen
Lucille Spresser
Donald Tiedemann
Ronald VanBlargan
Robert Waddell
Kristi Walker
Joseph Wein
Robert (Nick) Williams
Robert A. Wilson
Tom Wineman
Shirley Zemsky
Sally Hukill Lacy
Ruth Levinson
Christine Lytle
CELEBR ATING 75 YEARS
19
the eleanor b . daugherty society
The Eleanor B. Daugherty
Society was established to
honor those individuals who
have remembered Chautauqua
in their estate plans through
a bequest intention, a life
income arrangement, a gift of
real estate, as beneficiary of
an IRA, or trust. The Society
was named in honor of the
late Eleanor B. Daugherty,
a Chautauquan and retired
music teacher from Buffalo,
New York, who left a major
bequest to Chautauqua.
New Society members are
highlighted in orange.
20
Anonymous (14)
W. Andrew Achenbaum
Joan B. Alexander
Caroline Thompson & Steve
Allen
Joanne & Henry Altland
John E. Anderson
Jack Armstrong
Sherra & Jim Babcock
James M. Bailey
Drs. Arthur & Barbara Banner
Robert & Mary Bargar
Dr. Michael L. Barnett
William E. & LaDonna G. Bates
Nancy Bechtolt
Ann C. Beebe
Mary & Charles Beggerow
Christina Bemus
Alice Benedict
Caroline Van Kirk Bissell
Mary Blair
Robert & Jean Boell
June Bonyor
Mr. Edward J. Borowsky
Loretta Bower
Ted Arnn & Mary Boyle
P. James and Barbara Brady
Kathy & James Braham
Sharon & David Britton
Margaret & William Brockman
Audre Bunis
Frederic J. & Susan Franks
Buse
Mr. & Mrs. Richard J. Buxbaum
Gloria A. Caldwell
Andrew L. & Gayle Shaw
Camden
Mr. & Mrs. David H. Carnahan
Dr. & Mrs. Bret A. Charipper
Lee Chaverin
Carol & Jim Chimento
Betsy Clark
Joan R. Clouse
Helen B. Cochrane
Mrs. Eugene S. Cohen
Wendell & Ruth Gerrard Cole
Richard & Dorothy Comfort
Jack Connolly
Ira B. Cooperman
Helen Cornell
John and Emily Corry
Dr. Ellis and Bettsy Cowling
CH AU TAUQUA FO UNDATION
Virginia H. Cox
Martin A. Coyle
John & Linda Creech
Joseph & Nancy Cruickshank
Barbara & John Cummings
Lindy McKnight & Erin
Cunningham
Laura & Brad Currie
James & Karen Dakin
Dan & Carrie Dauner
Jennifer & David DeLancey
John P. DeVillars
June & Barry Dietrich
John & Virginia DiPucci
Rev. Linda L. Dominik
Lee & Barbara Dudley
Carol McCarthy Duhme
Cynthia Norton & Eagle Eagle
David & Miriam Y. Eddelman
Mr. & Mrs. Hal A. Fausnaugh
Sylvia M. Faust
Norma Ferguson
Rita Van Wie Finger
Lucille & Michael Flint
Shirley A. Flynn
George L. Follansbee, Jr.
Julianne B. Follansbee
Mrs. Susie Follansbee
Caryn & Henry Foltz
Charlotte & Chuck Fowler
Barbara Fox
Zetta & Ken Fradin
Joanne Fuller
Louise Farnsley Gardner
vic & Joan Gelb
Marc Geller
Barbara & Peter Georgescu
William & Nancy Gerdes
Lauren Rich Fine & Gary Giller
Carole E. Gladstone
Clara W. Golay
Joseph & Toni L. Goldfarb
Dr. Cheryl O. Gorelick
Mr. & Mrs. Stephen W. Graffam
Suzanne Gray
Don & Kathy Greenhouse
Fred & Judy Gregory
Kent I. & Fredrika S. Groff
Elisabeth & Jim Groninger
Carl Grunfeld
Linda J. Hack
Murray & Pegi Hamner
Mr. & Mrs. James Pryor
Hancock
Kathleen E. Hancock
Judith L. Hanson
Walter & Joan Harf
James & Terrie Hauck
Paula & Ray Hecker
William & Anne Mischakoff
Heiles
George Herchenroether
Dorothy & Bill Hill
Mr. D. Armour Hillstrom
Patricia & Robert Hirt
Anita & Sidney Holec
Kathleen Howard
Cheryl S. & Carl W. Huber, Jr.
Mr. & Mrs. Wilmot W. Irish
Mary Ellen & Robert Ivers
Bob & Gretchen Jahrling
Lois Johnston Walpole James
Karin A. Johnson
David & Nan Jubell
John F. & Mary Giegengack
Jureller
Norman & Nancy Karp
Bill & Martha Karslake
Judy & Leonard Katz
Naomi and Charles Kaufman
Joan Keogh
Patricia L. King
William M. Kinley
Joan G. Kissner
Chuck & Peg Korte
Robert S. Kravitz, DDS
Judy & Jim Kullberg
Philip A. Kuster
Robert & Nancy Kyler
Robert D. Lang
Joseph and Judy Langmead
Robert E. & Susan Laubach
Eileen & Marty Leinwand
Ronald & Barbara Leirvik
Clare Levin
Kathryn Lincoln
Mr. & Mrs. Herbert W. Lind
Natalie Kahn Lipsett
Fred & Pearl Livingstone
Kay H. Logan
Paul & Anne Luchsinger
Jeannette Ludwig & Claude
Welch
Linda & Saul Ludwig
James H. Lynch, Jr.
Flora & Ross Mackenzie
Anna Mary Maddy
Robert L. & Jean A. Major
Dorothea & Gerald Maloney
Jane & Deac Manross
Alison & Craig Marthinsen
Salvatore & Mary Martoche
Mrs. Patricia L. Maue
Jack & Yvonne McCredie
Geraldine & Frank McElree
Dr. & Mrs. Robert E. McKee
Susan McKee & Hal Simmons
Amy & Pat Mead
W. Richard & Mary Lu Mertz
Don & Alyce Milks
Miriam S. Reading & Richard
H. Miller
Sylvia Lucas Miller
Dr. Steve & Mary Gibbs
Mitchell
Sally Moore
Mary Anne & John Morefield
Wayne & Marilyn Morris
Donna B. Mummery
Cynthia & Robert Murray
Dusty Nelson
Karen Paul Newhall
Dr. Lillian Ney
Monica Ondrusko
Barbara Brandwein Painkin
Anne & Jack Palomaki
Mary Lou Cady Parlato
Joseph D. & Susan O. Patton
Pete & Sarah Pedersen
Rosalie H. Pembridge
Katherine & James R. Pender
Steve & Polly Percy
Ginny & Bob Perkins
Tim & Pat Peters
Mr. & Mrs. W. Stephen Piper
John & Eleanor Pless
Gloria Plevin
Av & Janet Posner
Edna Posner
Jeff and Judy Posner
Sam & Petey Price
Lois Raynow
Harold & Martha Reed
Sherry S. Reid
Thurston & Suzanne Reid
Leslie & Tim Renjilian
Ellen J. Reynolds
Les Reynolds & Diane Payne
Reynolds
Neal & Linda Rhoads
Charles & Trudy Rhodes
Mrs. Jack Rice
Mr. & Mrs. Richard M. Rieser
Kathleen Riley
Patricia Rittman
Jerrie Hawkins Roba
Philip & Rachel Rogers
Sarah & David Rosen
Annette Ross
Joyce & Richard Ross
Dr. James & Sharon Roth
Marcia & Jerry Rothschild
C. Angus Schaal
William & Jone Schlackman
Edward C. Schmidt
J. Jason Phillips & Sheila
Schroeder
Helene Schwartz
Susan B. Scott
Dr. & Mrs. William Blake
Selnick
Mary Jane DeVillars Shank
Becky Sharp
Mary Ellen Sheridan
Elaine & Allen Short
Elizabeth Wade Siegel
Harriet Simons
Penny & Tom Small
Darwin and Myra Smith
George & Maggie Snyder
Merritt H. & David S. Spier
Rabbi Samuel & Lynn Stahl
Dorothy B. Stevenson
Lowell & Rebecca Strohl
Mrs. Mary C. Swanson
Mrs. W. Wendle Taggart
Margery B. Tate
Stephen & Patricia Telkins
Linda & Robert Thomas
Susan & Jack Turben
Karen S. Turcotte
Mary Tymeson
Rev. George E. Tutwiler
Mrs. Spencer Van Kirk
Tara VanDerveer
Dr. Carol Voaden
Edward & Melanie Voboril
Nancy Waasdorp
John & Linda Wadsworth
Laurence & Maria Wagner
Carolyn & Bill Ward
Mrs. Lois Weaver
Jo-an M. Webb
Herbert R. & Lorraine H. Weier
Beatrice Weiner
Cynthia C. & Terry R. White
Caroline Levasseur & Heather
Whitehouse
Dr. Jeanne Wiebenga
Mark Williams
Dent & Joan Williamson
Jane Foster & Arthur Willson
Mrs. Jean Wilson
Lou B. Wineman
Subagh Kaur & Subagh Khalsa
Winkelstern
Sally L. Wissel
Caroline Young
Robert & Donna Zellers
Patricia Feighan & Stephen
Zenczak
Barbara Zuegel
CELEBR ATING 75 YEARS
21
22
CH AU TAUQUA FO UNDATION
treasurer ’ s report
The Foundation’s net assets were $63.9 million at the close of
its fiscal year ended on March 31, 2012, $2.6 million higher than
reported at the beginning of the fiscal year. The discounted
value of unconditional promises to give increased by $1.5
million during the fiscal year, resulting in a balance of $6.8
million recorded as contributions receivable as of March 31,
2012. The gross value of the unconditional promises to give
increased by $1.9 million and the gross value of the conditional
promises to give increased by $910,000, for a total increase
in gross contributions receivable of $2.8 million. Conditional
promises to give are not recorded as revenue until such time as
the conditions are substantially met. The components of these
increases in receivables are outlined in the charts below:
Unconditional contributions receivable
$
Conditional contributions receivable
3/31/11
3/31/12
11,914,337 $ 13,835,940
22,779,818 23,689,649
Total gross contributions receivable
34,694,155 $
$
Unconditional contributions receivable as of March 31, 2012
Gross
Pooled Life Income Fund
$
3,117,679 $
Trusts
7,206,889 Pledges
2,931,372 Retained Life Estate
580,000 37,525,589
Discount
1,695,141 $
4,681,539 363,240 285,158 Net
1,422,538
2,525,350
2,568,132
294,842
7,025,078 $
6,810,862
Unconditional contributions receivable as of March 31, 2011
Gross
Pooled Life Income Fund
$
3,030,377 $
Trusts
7,219,594 Pledges
1,664,366 Discount
1,677,697 $
4,754,055 191,723 Net
1,352,680
2,465,539
1,472,643
6,623,475 5,290,862
The Foundation has more than 650 funds as of March 31, 2012.
The vast majority of these funds are permanent endowments
created to provide financial support for a specific activity or
program or to provide general support to the Institution. The
remaining funds are funds whose principal may be expended
but that the Foundation invests as part of the permanent
endowment portfolio or funds which will be expended over a
defined period.
$
$
13,835,940 11,914,337 $
$
$
As measured at our fiscal year end, 204 individual funds’ market
values were below their historical gifted value. These funds are
referred to as “underwater” funds. The amount of losses, on a
fund by fund basis, at year end was $1.2 million and is shown as
unrestricted net assets on page 29.
CELEBR ATING 75 YEARS
23
treasurer ’ s report
( CO NT. )
Support to the Institution
The Foundation’s spending includes direct and indirect support
to the Institution, administrative costs of running the Foundation,
and investment management fees. Indirect support represents
the costs incurred by the Foundation in providing development
services on behalf of the Institution. In fiscal year 2012, the
Institution reimbursed the Foundation $200,000 for development
expenses. As a result, the Foundation was able to increase the
amount of direct support paid from the endowment to the
Institution while still maintaining an overall spending rate less
than 5.5%.
fiscal year fiscal year
3/31/11 3/31/12
Direct support to the Institution includes distributions from the
endowment funds in accordance with the Foundation’s spending
policy along with distributions from temporarily restricted funds
and the Chautauqua Fund. The amount to be distributed to the
Institution from the endowment funds is calculated based on a
percent of the opening market value of the funds. The amount
distributed from temporarily restricted funds is a minimum of
$10,000 per year from the term funds with a final distribution
equal to the appreciation of the fund, as well as additional
amounts as designated for special projects. Contributions to the
Chautauqua Fund are transferred to the Institution primarily for
general support.
1,096,370
$1,144,698
- (200,000)
Direct Support to the Institution:
Support from Endowment
$ 1,082,392
$1,324,418
Support from Temporarily
Restricted Funds
120,056 82,398
Annual Support from the
Chautauqua Fund 3,279,1233,566,002
$ 4,481,571
$4,972,818
Indirect Support to the Institution:
Development Expense
$
Reimbursement by the Institution
1,096,370 944,698
General and Administrative
Investment Management Fees
$
$
29%
Unspecified
13%
Lectureships
2%
Literary Arts
1%
Youth Activities
1%
Other specified
6%
Flexible Programs
22%
Fine and
Performing Arts
9%
Scholarships
7%
Religion
CH AU TAUQUA FO UNDATION
$334,904
$288,905
The chart below depicts direct support from the endowment for
fiscal year 2012 by category.
11%
Physical
Maintenance
24
287,522
261,321
Investment Summary
The Investment Committee regularly reviews investment policies,
strategy, execution, and performance. Because asset allocation
is the primary driver of a portfolio’s total return over the long
run, comparison of performance is viewed in the context of
the portfolio’s asset class holdings. The Committee’s oversight
responsibilities cover $61.7 million in invested assets, comprised
of the following portfolios:
1) Endowment ($56.2 million)
2) Temporarily restricted ($1.4 million)
3) Pooled life income fund ($3.1 million)
4) Custodial ($1.0 million)
Each portfolio is managed according to its specific objectives,
and has a unique asset allocation appropriate to those
objectives.
Hirtle Callaghan & Co. serves as the Foundation’s Chief
Investment Advisor and actively manages the majority of the
endowment portfolio, the temporarily restricted funds, and the
custodial funds. The remaining portion of the endowment fund
is invested in two hedge funds and the pooled life income fund
is managed by JP Morgan Private Bank.
1) Individual endowment funds are pooled for investment
purposes and tracked with unit accounting. This pooled
approach enables endowment funds to collectively benefit from
the diversification and efficiencies that are available to larger
investors. Each endowment fund receives its proportionate share
of return based on the market value of the endowment as a
percentage of the total market value of the investment portfolio.
Hirtle Callaghan & Co. manages $45.1 million of the endowment
and $11.1 million of the endowment is invested in two hedge
funds. The endowment’s net return in this past year was 3.1%.
2) Temporarily restricted funds are held and managed separately
from permanently restricted endowment in one of two portfolios,
employing very conservative investment strategies. Return on
these assets was 4.7% and 0.5% for fiscal year 2012.
3) The management and investment strategy of the pooled life
income fund (PLIF) is reviewed annually with trustee JP Morgan
Private Bank. At March 31, 2012, total PLIF assets were $3.1
million, invested 29% equity, 66% fixed income, 5% alternative
assets and produced a 3.6% return.
4) Funds held in custody for the Institution to meet the debt
service for the Turner Community Center had a market value
of $988,212 as of March 31, 2012. Asset allocation for fiscal
year 2012 was 51/49 equity/fixed income and had a 4.1% return
for the year.
Investment performance is presented on a net basis, defined as
total return after all investment management fees.
Endowment Investment Performance
Annualized Returns through
Return for fiscal yearMarch 31, 2012
Total Return
2010
2011
2012
3 Year
5 Year
10 Year
32.2%
12.2%
3.1%
15.2%
2.0%
5.0%
Domestic Benchmark
(80% S&P 500 / 20% LB Aggregate)
40.6%
13.9%
8.4%
20.2%
3.3%
4.8%
Global Benchmark Managers
(Blended Lippers)
41.4%
13.0%
1.4%
17.5%
0.4%
3.8%
Domestic Stocks (S&P 500 Index)
49.8%
15.7%
8.5%
23.4%
2.0%
4.1%
Non U.S. Stocks (MSCI EAFE Index)
54.4%
10.4%
-5.8%
17.1%
-3.5%
5.7%
Investment Grade Bonds
(Barclays Aggregate Bond Index)
7.7%
5.1%
7.7%
6.8%
6.3%
5.8%
Total return is after deducting 0.30% of investment management advisory fees.
CELEBR ATING 75 YEARS
25
T R E A S U R E R ’ S report
Endowment Asset Allocation 2012
Total endowment market
value as of March 31, 2012
and 2011 was $56.2 and $55.3
million, respectively. As of
March 31, 2012 the portfolio
was allocated as shown in the
accompanying table.
4%
High-yield
Bonds
( CO NT. )
11%
Investment
Grade
Bonds
7%
Private
Equity
2%
Cash &
Equivalents
20%
International
Equities/Developed
Markets
17%
Fixed
Income
4%
Commodities
31%
Alternative
Assets
20%
Hedge
Funds
2%
U. S. Stock
Small Cap
52%
Equity
6%
International Equities/
Emerging
Markets
24%
U. S. Stock
Large/Mid Cap
Asset Class
Fiscal Year 2012 Return
Benchmark
Domestic Equities
(26% allocation):
+7.9%
(vs. Russel 3000 return of 7.2%)
International Equities/Developed Markets
(20% allocation):
-2.2%
(vs. MSCI EAFE return of -5.8%)
International Equities/Emerging Markets
(6% allocation):
-11.1%
(vs. MSCI EM return of -8.5%)
Fixed Income
(15% allocation):
+8.6%
(vs. Barclays Aggregate Bond Index return of 7.7%)
Cash & Equivalents
(2% allocation)
+0.1%
(vs. 91 Day T-Bills return of 0.1%)
Commodities
(4% allocation)
-17.8%
(vs. DJ UBS commodities index return of -16.3%)
Alternative Assets/Hedge Fund
(20% allocation):
+4.4%
(vs. Russell 3000 return of 7.2%)
Alternative Assets/Private Equity
(7% allocation):
+7.3%
(vs. various benchmarks)
Total Endowment Fund
4/1/11 to 3/31/12
+3.1%
(vs. Blended Lippers return of 1.4%)
26
CH AU TAUQUA FO UNDATION
CELEBR ATING 75 YEARS
27
report of independent auditors
The Audit Committee
reviewed and discussed
the audited financial
statements for the fiscal
year ended March 31,
2012 with management
and Lumsden &
McCormick, LLP (L&M), the
Foundation's independent
auditor. The Committee
also concluded that L&M's
provision of non-audit
services, including tax
preparation, is compatible
with L&M's independence.
The audited financial
statements follow.
The Board of Directors
Chautauqua Foundation, Inc.
We have audited the accompanying statements of financial
position of Chautauqua Foundation, Inc. as of March 31, 2012
and 2011, and the related statements of activities and cash
flows for the years then ended. These financial statements
are the responsibility of the Foundation’s management. Our
responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with auditing standards
generally accepted in the United States of America. Those
standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position of
Chautauqua Foundation, Inc. as of March 31, 2012 and 2011
and the changes in its net assets and cash flows for the years
then ended, in conformity with accounting principles generally
accepted in the United States of America.
June 21, 2012
28
CH AU TAUQUA FO UNDATION
statements of financial position
March 31,
2012
2011
Assets:
Cash $
Contributions receivable (Note 2) Investments (Note 3)
Property and equipment, net (Note 4)
Other assets, net
838,795 $
6,810,862 58,938,071
72,181
267,283
350,973
5,290,962
58,036,257
74,633
319,363
66,927,192
$
64,072,188
Payable to the Institution for program support (Note 5)
$
Accounts payable and accrued expenses
Amounts held in custody for others (Note 6)
1,791,431
$
238,487
988,212
1,498,315
198,741
1,031,768
3,018,130
2,728,824
Total assets
$
Liabilities and Net Assets:
Liabilities:
Total liabilities
Net Assets (Note 7):
Unrestricted(1,244,674) (1,278,238)
Temporarily restricted
9,685,699
10,593,677
Permanently restricted
55,468,037
52,027,925
Total net assets
63,909,062
61,343,364
Total liabilities and net assets
66,927,192
64,072,188
$
$
See accompanying notes.
CELEBR ATING 75 YEARS
29
statements of acti v ities
For the year ended March 31, 2012
Unrestricted
TemporarilyPermanently
Restricted
Restricted Total
Revenues and gains:
Contributions:
Cash received:
Chautauqua Fund $
Endowment
Valuation adjustments and new
pledges, net of collections -
$
- - Total contributions 3,566,002 $ 62,550 -
$
1,920,212 3,566,002
1,982,762
- 1,519,900 1,519,900
- 3,628,552
3,440,112
7,068,664
Interest and dividends (Note 3)
Net realized and unrealized gains -
(50,866)
977,363
1,111,862
-
-
977,363
1,060,996
Total revenues and gains (50,866)
5,717,777
3,440,112
9,107,023
Expenses:
General and administrative
Support to the Institution:
Chautauqua Fund Development (Note 6)
Program (Note 5) 623,809
-
-
623,809
3,566,002
944,698
1,406,816
-
-
-
-
-
-
3,566,002
944,698
1,406,816
Total expenses
6,541,325
-
-
6,541,325
Net assets released from restrictions
6,625,755
(6,625,755)
-
-
Change in net assets
33,564
(907,978)
3,440,112
2,565,698
Net assets - beginning
(1,278,238)
10,593,677
52,027,925
61,343,364
Net assets - ending (1,244,674)
55,468,037
63,909,062
$
See accompanying notes.
30
CH AU TAUQUA FO UNDATION
$
9,685,699
$
$
statements of acti v ities
For the year ended March 31, 2011
Unrestricted
TemporarilyPermanently
Restricted
Restricted Total
Revenues and gains:
Contributions:
Cash received:
Chautauqua Fund
$
Endowment
Valuation adjustments and new
pledges, net of collections
- $
-
Total contributions
-
-
3,279,123 $
142,000
-
3,421,123
- $
3,741,649
157,917
3,899,566
3,279,123
3,883,649
157,917
7,320,689
Interest and dividends (Note 3) Net realized and unrealized gains -
1,479,223
962,126
3,741,085
-
-
962,126
5,220,308
Total revenues and gains 1,479,223
8,124,334
3,899,566
13,503,123
548,843
-
-
548,843
Expenses:
General and administrative
Support to the Institution:
Chautauqua Fund
Development (Note 6)
Program (Note 5)
3,279,123
1,096,370
1,202,447
-
-
-
-
-
-
3,279,123
1,096,370
1,202,447
Total expenses
6,126,783
-
-
6,126,783
Net assets released from restrictions 6,161,086
(6,161,086)
- -
Change in net assets 1,513,526
1,963,248
3,899,566
7,376,340
Net assets - beginning (2,791,764)
8,630,429
48,128,359
53,967,024
Net assets - ending (1,278,238)
52,027,925
61,343,364
$
$
10,593,677
$
$
See accompanying notes.
CELEBR ATING 75 YEARS
31
statements of cash flows
For the years ended March 31,
2012
2011
Operating activities:
Change in net assets $
Adjustments to reconcile change in net assets to net cash flows from operating activities:
Net realized and unrealized gains Depreciation Changes in other operating assets and liabilities:
Contributions receivable Other assets Payable to the Institution for program support
Accounts payable and accrued expenses
Amounts held in custody for others
Net operating activities
2,565,698
$
7,376,340
(1,060,996)
13,859
(5,220,308)
9,005
(1,519,900)
52,080
293,116
39,746
(43,556)
(157,917)
(299,917)
48,380
(23,377)
17,950
340,047
1,750,156
Investing activities:
Purchases of property and equipment
Purchases of investments
Proceeds from sales of investments
(11,407)
(3,403,825)
3,563,007
(9,355)
(13,667,680)
12,004,155
Net investing activities
147,775
(1,672,880)
Net change in cash
487,822
77,276
Cash - beginning
350,973
273,697
Cash - ending
838,795
350,973
See accompanying notes.
32
CH AU TAUQUA FO UNDATION
$
$
notes to financial statements
1. Summary of Significant Accounting Policies:
Organization and Purpose:
Chautauqua Foundation, Inc. (the Foundation) was established
in 1937 to raise, invest and reinvest funds to support the mission
of Chautauqua Institution (the Institution) to provide cultural,
educational, religious and other programs to a large and diverse
audience.
Basis of Presentation:
The Foundation reports information regarding its financial
position and activities according to three classes of net assets:
unrestricted net assets, temporarily restricted net assets, and
permanently restricted net assets.
Unrestricted net assets represent cumulative losses of
investments on a fund by fund basis.
Temporarily restricted net assets may be spent when relevant
stipulations are met.
Essentially all contributions are recorded as restricted since they
are received with donor stipulations that limit their use. When
a donor restriction expires, temporarily restricted net assets
are reclassified to unrestricted net assets and reported in the
statement of activities as net assets released from restrictions.
Permanently restricted net assets must be maintained in
perpetuity. They are defined as follows:
Specified funds - use of income is specified by the donor to a
specific purpose of the Institution.
Unspecified funds - use of income is unspecified as to purpose
and may be used as the Institution determines.
Cash:
At various times, cash in financial institutions may exceed
federally insured limits and subject the Institution to
concentrations of credit risk.
Investments:
Investments in marketable securities are stated at fair value as
determined by quoted market prices. Alternative investments
include investments in partnerships whose holdings consist
primarily of funds, and investments in limited partnerships that
are reported at “estimated capital balances” determined by the
investment managers.
To satisfy its long-term rate of return objectives, the Foundation
relies on a total return strategy in which investment returns are
achieved through both capital appreciation and current yeild.
The Foundation targets a diversified asset allocation that places
a greater emphasis on equity-based investments to achieve its
long-term return objectives within prudent risk constraints.
Property and Equipment:
Property and equipment is stated at cost or fair market value at
the date of donation or acquisition cost, net of accumulated
depreciation. Depreciation is provided over estimated useful
lives using the straight-line method.
Spending from Permanently Restricted Endowment:
The Foundation’s spending policy for direct and indirect
support to the Institution as well as for Foundation general
and administrative expenses, applies to permanently restricted
endowment funds. Beginning in fiscal year 2011, eligible
spending can range from 3% to 6.5% of the beginning of year
market value of the Foundation’s permanent endowment based
on a formula.
Payable to the Institution for Program Support:
Program support payable to the Institution is for the benefit of
the Institution and determined by mutual agreement between
the Institution and the Foundation pursuant to the Foundation’s
spending policy guidelines.
Promises to Give:
Unconditional promises to give that are expected to be
collected in future years are recorded at the present value of
estimated future cash flows. The discounts on those amounts are
computed using an interest rate applicable to the year in which
the promise is received. Amortization of the discount is included
in contributions revenue. Conditional promises to give to the
Foundation or the Institution are not recorded as revenue until
such time as the conditions are substantially met, and totaled
$23,690,000 and $22,780,000 at March 31, 2012 and 2011.
Tax Status:
The Foundation is a 501(c)(3) corporation exempt from income
taxes under section 501(a) of the International Revenue Code.
The Foundation believes it is no longer subject to examination
by Federal and State taxing authorities for years prior to 2009.
Use of Estimates:
The preparation of financial statements in conformity with
accounting principles generally accepted in the United States
of America requires management to make estimates and
assumptions that affect the amounts reported in the financial
statements and accompanying notes. Actual results could differ
from those estimates.
Subsequent events:
The Foundation has evaluated events and transactions for the
potential recognition or disclosure in the financial statements
through June 21, 2012 (the date the financial statements were
available to be issued).
CELEBR ATING 75 YEARS
33
notes to financial statements
2. Contributions Receivable:
2012 2011
Specified endowments $ 3,156,779 $ 2,896,803
( CO NT. )
Investment management fees of $466,468 and $434,284 for 2012
and 2011 are recorded in the statements of activities as follows:
2012
2011
13,835,941 11,914,338
Fees netted against interest and
dividend income $
General and administrative expense 177,563 $
288,905
Less discount 466,468$ 434,284
Unspecified endowments 10,679,162 7,025,079 9,017,535
6,623,376
$
172,963
261,321
$ 6,810,862 $ 5,290,962
Contributions at March 31, 2012 are expected to be received over
the periods shown below:
Less than one year $ 664,614
One through five years 1,737,201
Greater than five years 4,409,047
4. Property and equipment:
2012
2011
Land $
Building Office equipment and furnishings 12,500 $
152,275
149,969
12,500
152,275
138,562
$ 6,810,862
314,744
303,337
Included in contributions receivable are various charitable
remainder trusts. The present value of estimated future
payments to the Foundation is calculated using a discount rate
and applicable mortality tables. Changes in the valuation of
the agreements are reported as contributions revenue in the
statement of activities.
Less accumulated depreciation 242,563
228,704
3. Investments:
2012 2011
Marketable securities:
Cash $ 2,022,961$ 2,845,775
Equities 32,029,119 30,929,195
Fixed income securities 9,467,190 10,038,512
Alternative investments 15,110,931 13,926,128
Other 307,870
296,647
$58,938,071$58,036,257
The underlying holdings within alternative investments include
different types of sophisticated investment strategies with various
liquidity restrictions. Liquidity for alternative investments is as
follows as of March 31:
2012 2011
Redeemable at calendar year
end with 75 to 95 days notice $ 11,098,786 $ 10,525,696
Illiquid with return of capital
allowed at varying dates during
the period 2016 through 2025 4,012,145 3,400,432
$ 15,110,931 $ 13,926,128
$
72,181$
74,633
5. Distributions to the Institution:
Amounts payable for program support at March 31:
2012
Income and principal $
Income from prior periods 2011
1,406,816 $ 1,202,447
384,615 295,868
$ 1,791,431$ 1,498,315
The following amounts were recorded as program support
to the Institution for the years ended March 31:
2012 2011
Income from permanently
restricted endowments $ 1,238,524 $ Income and principal
from temporarily restricted
gifts and other funds 168,292 995,669
206,778
$ 1,406,816$ 1,202,447
6. Other Transactions with the Institution:
Pursuant to an understanding between the Foundation and
the Institution, the Foundation reimburses the Institution
regularly for various personnel and administrative expenses.
Additionally, in 2012 the Foundation was reimbursed $200,000 by
the Institution for development services the Foundation provided
to the Institution. These amounts are included as a reduction of
the 2012 development expenses in the accompanying statement
of activities.
Through March 31, 2012, the Foundation originally committed
capital of $8,230,000 to private equity alternative investments. The
The Foundation guaranteed a promissory note payable
unfunded portion of the commitment was $3,580,000 as of March
by the Institution totaling $1,411,856 at March 31, 2012. Amounts
31, 2012.
held by the Foundation on behalf of the Institution
34
CH AU TAUQUA FO UNDATION
to help repay the note totaled $988,212 and $1,031,768
at March 31, 2012 and 2011.
7. Net Assets:
At March 31, 2012 and 2011, the market value of certain
endowment funds was $1,244,672 and $1,278,238 lower than
the original gifted values due to investment experience. These
amounts are reflected in the statements of financial position as
negative unrestricted net assets.
Temporarily restricted net assets are comprised of income and
gifts restricted for the following purposes:
2012
2011
Gains - specified endowments $ 2,923,304 $ 3,534,027
Gains - unspecified endowments 1,242,190 1,503,007
Temporarily restricted gifts 5,520,205 5,556,643
$ 9,685,699$10,593,677
Permanently restricted net assets have been restricted by
donors to be maintained by the Foundation in perpetuity. The
Foundation’s Board has interpreted the New York State Prudent
Management of Institutional Funds Act (NYPMIFA), effective
September 17, 2010, and prior law, Uniform Management of
Institutional Funds Act (UMIFA), as requiring the preservation
of the fair value of the original gift as of the gift date of donor
endowment funds, absent explicit donor stipulations to the
contrary. As a result of this interpretation, the Foundation
classifies as permanently restricted net assets (a) the original
value of gifts donated to the permanent endowment, (b) the
original value of subsequent gifts to the permanent endowment,
and (c) accumulations to the permanent endowment made in
accordance with the direction of a donor gift instrument at the
time the accumulation is added to the fund.
giving due consideration to the effect that such alternatives
may have on the Foundation
• Investment policy of the Foundation
Permanently restricted net assets are comprised of the following
endowment gift categories:
2012
2011
Specified endowments
$ 36,146,341 $ 34,673,118
Unspecified endowments 19,321,696 17,354,807
$ 55,468,037 $ 52,027,925
8. Retirement Plan:
The Foundation participates in a 403(b) retirement plan for
substantially all employees, subject to plan conditions. The
Foundation contributes 10% of the employee’s gross pay each
year. Funded contributions and costs totaled $73,000 and
$79,000 for the years ended March 31, 2012 and 2011.
9. Fair Value Measurements:
Investments in marketable securities are measured at fair value
on a recurring basis on the statements of financial position.
The fair value for all amounts at March 31, 2012 and 2011 were
determined based on quoted prices in active markets.
Any remaining portion of donor restricted endowment funds
not classified in permanently restricted net assets is classified
as temporarily restricted net assets until those amounts are
appropriated for expenditure by the Foundation in a manner
consistent with the standard of prudence prescribed by
NYPMIFA. In accordance with NYPMIFA, the Foundation
considers the following factors to appropriate or accumulate
donor restricted endowment funds:
• Duration and preservation of the fund
• Purposes of the Foundation and the fund
• General economic conditions
• Possible effects of inflation and deflation
• Expected total return from income and appreciation
of investments
• Other Foundation resources
• Where appropriate and circumstances would otherwise
warrant, alternatives to expenditure of the endowment fund,
CELEBR ATING 75 YEARS
35
independent auditors '
report on additional information
The Board of Directors
Chautauqua Foundation, Inc.
For the years ended March 31,
2012
2011
General and administrative:
We have audited the financial statements of Chautauqua
Foundation, Inc. as of and for the years ended March 31, 2012
and 2011 and have issued our report thereon dated June 21,
2012, which contained an unqualified opinion on those financial
statements. Our audit was performed for the purpose of forming
an opinion on the financial statements as a whole. The additional
information on this page is presented for the purposes of
additional analysis and is not a required part of the financial
statements. Such information is the responsibility of management
and was derived from and relates directly to the underlying
accounting and other records used to prepare the financial
statements. The information has been subjected to the auditing
procedures applied in the audits of the financial statements
and certain additional procedures, including comparing and
reconciling such information directly to the underlying accounting
and other records used to prepare the financial statements or
to the financial statements themselves, and other additional
procedures in accordance with auditing standards generally
accepted in the United States of America. In our opinion, the
information is fairly stated in all material respects in relation to the
financial statements as a whole.
Investment management $
Salaries and benefits Office and operating Travel Professional and consulting Equipment maintenance and repairs Other 288,905 $ 261,321
238,998 218,495
15,475 10,463
31,226 27,887
33,790 22,793
7,588 5,118
7,827 2,766
$
623,809 $ 548,843
Support to the Institution:
Chautauqua Fund $ 3,566,002 $ 3,279,123
Development:
Salaries and benefits $ 849,656 $ 806,034
Promotion 96,892 91,898
Office and operating 135,346 128,867
Professional and consulting 46,097 57,349
Equipment maintenance
and repairs 13,843 8,161
Education 2,864 4,061
Reimbursement by
the Institution (200,000) June 21, 2012
36
CH AU TAUQUA FO UNDATION
$
Program:
Building, structures and grounds $
General operations Lectureship and CLSC Performing arts Religion Scholarship and youth 944,698 $ 1,096,370
137,674 $ 486,061 259,446 309,652 85,966 128,017 116,169
450,554
200,202
259,226
70,854
105,442
$ 1,406,816 $ 1,202,447
Total expenses $ 6,541,325 $ 6,126,783
CELEBR ATING 75 YEARS
37
summary of funds — unspecified
* Income and principal may be distributed
Fund balances include original gift(s) and allocated gains and losses. Fund balances do not include receivables. New funds are designated in orange.
Paul M. Alexander Fund *
Dorothy L. Anderson Endowment for Chautauqua
Mary Apple Fund *
Robert and Je’Anne Bargar Endowment
Zoe and Ken Barley Endowment
Beatrice B. Bates Fund
Julia M. Bates Fund
Nancy and Dick Bechtolt Fund
Thomas and Jane Becker Endowment
Bemus Fund for Chautauqua
Gordon Benn Fund
Alan J. and Mary Hough Blair Fund
Cora M. Blair Fund
The Erika Block Fund for Chautauqua *
Martha Borowsky Endowment Fund
Bosland Family Fund
Boyle Family Fund
Sara E. Bradley Endowment for Chautauqua
Barbara and William Branch Fund
Daniel and Wanita Bratton Endowment
Lillian Brink Endowment Fund
Gary M. and Willow R. Brost Endowment for Chautauqua
Henrietta T. Campbell Fund
Maxine M. Carleton Fund
Katharine J. Carnahan Endowment
Barbara P. and Howard E. Chadwick Fund
Genevieve Chaney Fund
Julia and William Clinger Fund
Marion and Eugene Cohen Fund
Ruth K. Collyer Endowment
Jack and Marcia Connolly Fund for Chautauqua
The Mildred K. Cooper Fund for Chautauqua *
Helen and George L. Cornell Fund
Katharine and Robert W. Cornell Fund
Sarah A. Corns Fund
Martha S.H. Cowles Fund
Helen T. and Ralph E. Crockett Endowment
Elizabeth Danielson Fund
Martha T. and Morgan O. Doolittle Fund
Lora Lee and Bob Duncan Endowment
Ann O. Edison Endowment *
Mina Miller Edison Fund
Albert C. Elser II Fund
Cordelia C. Ensign Fund
Helen C. Estabrook Fund
Agnes H. and Hal A. Fausnaugh Fund
Fetterolf Family Fund
George L. Follansbee, Jr. and Gay E. Didget Endowment for Chautauqua
Gelb Family Endowment for Chautauqua
William R. and Betsy Callicott Goodell Endowment
Groninger Family Fund
Habenicht Family Fund
Felicia Grace Hall Fund
Tirzah H. Hall Fund
38
CH AU TAUQUA FO UNDATION
Balance at Distributable
March 31, 2012
Income
$
102,764 480,399 25,677 28,310 23,167 23,615 31,269 242,294 31,196 15,053 33,793 18,248 46,394 82,374 28,339 16,526 30,953 74,118 24,879 86,149 226,273 50,000 311,137 132,759 27,280 22,155 25,313 70,317 49,913 87,082 142,572 18,993 66,228 1,353,302 37,902 65,885 38,934 27,084 46,707 32,569 169,458 32,376 21,312 27,343 39,815 28,924 19,355 19,428 108,112 48,806 32,767 63,348 64,974 $
27,073 $
$
2,561
8,156
3
706
479
589
779
6,039
739
375
842
310
788
8
706
412
771
45
620
1,463
3,842
946
7,754
3,309
463
376
631
1,194
847
2,170
3,541
2
1,651
33,716
945
1,642
845
675
1,164
812
17
803
531
681
992
721
329
482
2,694
823
430
1,067
1,619
675
Sarah R. Hankey Fund for Chautauqua *
Diana and Samuel Harbison Endowment
Heber R. Harper Fund
Lisa Heinz Endowment for Chautauqua
Dorothy S. and William F. Hill, II Endowment for Chautauqua
Holden Family Fund
Charles R. Hunter, Jr. Fund
Esther M. Huntoon Fund
Verna Jackson Memorial Endowment for Chautauqua
James Family Fund
Katherine King Karslake Fund
Ronald L. and Rosie C. Kilpatrick Endowment
Georgiana Bole King Endowment
The Lawrence G. Knecht Fund
Knox Family Endowment
Konneker Fund
Mary E. Kuhns Fund
Velma Jean Laird Endowment
Robert and Susan Laubach Endowment
LeClere Family Endowment
Elizabeth S. & Reginald A. Lenna Fund
Stella C. Logan Fund
William Charles Lortz Endowment
Sara M. and Robert S. Lucas Fund
Stan and Sara Lundine Fund
Lyndall Family Fund
Ann and Charles H. Lytle Endowment
Jeannette B. Mainwood Fund
Gerald and Dorothea Maloney Endowment
Clara Masik Endowment
Mary E. McCarn Fund *
Mary Jane and Donald McClurg Endowment
Margaret C. Mercer Endowment
Richard H. Miller Fund
Dawson E. Charlotte B. Molyneaux Endowment
Jane C. Morgan Fund
Lewis W. & Katherine C. Morgan Fund
James R. Morris III Fund
The George E. and Susan Moran Murphy Family Fund
Robert B. and June A. Osburn Fund
Robert Pace Endowment Fund
Mary C. and James A. Pardo, Jr. Endowment for Chautauqua
William H. and Mary C. Park Fund
Dorothy Payne Endowment Fund
Charles E. and Gladys W. Peirce Fund
Margaret Penn Fund
Steven W. and Barbara P. Percy Endowment for Chautauqua
Helen Pickup-Hyman Fund
Mary Ellen Pindyck Fund
Sam and Petey Tinkham Price Family Fund
Mary Oram Reading Fund
Agnes H. Reigart Fund
Elaine Y. Rieser Endowment for Chautauqua
William Rittman Fund
Balance at Distributable
March 31, 2012
Income
$
$
1,142
374
3,261
1,157
1,768
412
3,963
2,316
122
2,645
491
1,845
266
4
1,570
2,553
8,334
621
381
663
6,468
1,511
4,143
575
444
320
313
531
385
322
14
416
346
855
264
5,719
4,857
5,312
1,772
2,568
799
677
829
4,038
868
3,656
1,106
1,095
1,087
571
1,811
2
2,201
1,537
CELEBR ATING 75 YEARS
39
$
45,810 22,044 130,843 46,441 104,144 24,289 158,991 92,923 20,000 156,677 28,904 75,772 10,669 39,627 62,999 102,433 334,389 24,904 15,306 26,600 259,516 60,643 166,222 23,088 17,818 13,847 18,453 21,314 22,686 18,947 141,596 16,694 20,384 34,308 10,764 229,452 194,887 213,126 107,913 103,032 32,049 30,773 76,880 162,035 34,819 146,686 70,710 43,916 43,599 22,929 72,675 22,298 129,619 90,556 $
summary of funds — unspecified
( CO NT. )
* Income and principal may be distributed
Balance at Distributable
March 31, 2012
Income
Mary Ritts Endowment
Walter Roberts Fund
Doris H. Ruslink Fund *
Harper G. and Blanche Billings Rusterholtz Fund
Herbert B. Sachse Fund *
Newton B. Schott, Jr. and Antoinette L. LeQuire-Schott Endowment
Barbara and John Schubert Endowment Fund
Dr. O. Peter Schumacher Fund
Emma O. and H. Parker Sharp Fund
Jane R. and Walter C. Shaw, Jr. Fund
Ralph C. Sheldon, Jr. Fund
Dorothy E. Shepherd Fund *
Bert W. and Joanne R. Simons Endowment
Nancy Coburn Snyder Endowment Fund
Betty P. and J. Bruce Stromgren Fund *
The Robert C. and Patricia D. Switzer Family Fund
Eleanor M. Thomas Fund
The Susan and John Turben Foundation Endowment for Chautauqua
Joseph & Elizabeth Verlie Endowment
Carl A. and Mary Louise Viehe Family Endowment
Nina and Norman Wain Family Endowment for Chautauqua
Evelyn Wargo Endowment
Nina T. Wensley Fund
Helen N. White Fund
Robert O. Wilder Family Fund
The Mary S. Wilsdon Fund for Chautauqua *
Henry L. Wood Fund
John B. Yoder Endowment for Chautauqua
Robert and Virginia Young
The Deborah and Allen Zaretsky Fund
General Endowment Fund
$
67,750 20,026 55,384 122,638 243,647 56,304 51,183 38,496 339,514 34,912 240,394 82,895 11,896 23,804 544,008 212,076 29,093 44,207 98,851 10,933 25,728 57,811 49,176 70,298 328,161 234,633 39,089 118,532 45,021 18,079 $ 4,028,136 $
$ 16,521,687 $ 362,727
40
Total Unspecified Endowment Funds
CH AU TAUQUA FO UNDATION
$
1,150
499
6
3,057
6,072
1,390
1,103
654
8,462
870
5,991
8
296
593
13,558
5,286
725
1,102
2,464
370
537
982
1,226
1,752
8,179
24
974
2,012
764
307
96,234
summary of funds ­— specified
Balance at Distributable
March 31, 2012
Income
Physical Maintenance Funds
Buildings and Structures
Amphitheater Endowment Fund
$
659,079 $ 11,930
Bellinger Hall Maintenance Endowment
436,574 10,881
The Francis and Susan Bonsignore Youth Facilities Fund
21,357 389
Bratton Theater Endowment Fund
202,916 5,025
Carnahan-Jackson Endowment for Dance Studio Maintenance
53,161 1,325
Chautauqua Opera Guild Endowment for Connolly Residence Hall
110,261 2,748
Children’s School Fund
100,766 1,814
The CLSC Class of 2000 Mosaic Fund
6,736 123
Mary E. Collier Memorial Fund
5,916 108
Connolly Residence Hall Endowment
343,382 6,543
Coyle Pavilion Fund
7,833 195
Crowder Family Foundation Fund for Youth
102,949 2,566
Department of Religion Physical Facilities Fund
411,321 10,251
The Dorothy J. Forney Memorial Fund
22,829 569
Fowler-Kellogg Art Center Endowment
51,035 1,134
The Joseph and Anna Gartner Foundation Endowment for Bonnefoux-McBride Hall
66,038 1,646
Golf Course Maintenance and Growth Fund
6,129 153
The Seth A. and Helen F. Goodwin Fund to Maintain the Pier Building
110,762 2,761
Helen Heinz Sample Fund
9,511 237
Hitchcock Room Maintenance Fund
6,701 167
The Forest B. Irwin Fund for Bowling Green Maintenance
12,764 318
The Knox Fund for Youth Facilities
66,879 1,667
Elizabeth S. Lenna Hall Endowment Fund
572,017 10,424
The Helen Colvill Lincoln Fund to Maintain Lincoln Memorial Dormitory
125,895 3,138
The Massey Memorial Organ Fund
130,301 3,247
The McClure Shuffleboard Fund
3,685 67
McKnight Hall Maintenance Endowment
55,092 1,329
Kimberly and Robert Myers Dance Facilities Endowment
40,000 795
The Oliver Archives Center Endowment Fund
137,848 2,512
The I. Hale and Judy Oliver Fund for Bratton Theater
53,303 1,328
The Rait Family Fund
22,437 409
The Ann Simpson Rice Youth Fund
17,756 324
School of Music Facilities Endowment
310,534 4,564
The Sharpe/Trefts Memorial Fund
25,631 638
Strohl Center Endowment
424,716 10,585
The Susan and John Turben Fund for Bratton Theater
27,223 678
The Sybil and Stuart Willen Fund for Bratton Theater
56,543 1,409
Youth Facilities Fund
274,308 6,837
Total Buildings And Structures
$ 5,092,188 $ 110,834
Specific Gardens and Parks
The Reid B. Babcox Memorial Garden Terrace Endowment
$
12,804 $
319
The Bell/Ritts Garden Fund
7,496 187
The Bishop’s Garden Fund
37,879 449
Selina W. Braham Memorial Garden Fund
24,454 609
Dr. Daniel and Wanita Bratton Garden Fund
15,715 392
The Henrietta T. Campbell Garden Fund
180,636 4,502
Carnahan-Jackson Memorial Garden Fund
70,436 1,755
The Carothers Family Garden Fund
2,899 72
The Kirk David Casto Memorial Garden Fund
11,530 287
Jean Chadwick Memorial Garden Fund
4,621 115
The CLSC Class of 1982 Helen W. Giacobine Garden Fund
$
27,368 $
682
CELEBR ATING 75 YEARS
41
summary of funds — specified
Connolly Family Gardens and Fountains Endowment
The Cornell Garden Fund
DeeDee’s Garden Endowment
The Ehrenreich Family Fund
The Fausnaugh Family Garden Fund
Peggy Foley Memorial Garden Fund
The Jean Rice Goodell Garden Fund
The Robert Y. Gromet Family Garden Fund
The Mary Kimball Haker Memorial Garden Endowment Fund
The Eleanor McKnight Haupt Fund
The Holden Garden Fund
Patricia K. Ives Memorial Beautification Fund
Henrietta Ord Jones Memorial Fund
The JoAnn Jubell Memorial Fund
The Judson Park Fund
Joan Lincoln Garden Fund
The Wilfred B. McCune Memorial Garden Fund
Mary Louise Molyneaux Garden Fund
Penneys Garden Endowment
Ride/Savage Memorial Garden Fund
The Michael M. Ross Garden Fund
The Mme. Shao Fang Sheng Garden Fund
Toni Sterman Memorial Garden
The Stephen Toms Garden Fund
The Dr. Alan Winkelstein Garden Fund
The Roy and Dorothy Wissel Garden Fund
The Frank Lloyd Wright Garden Fund
The Frank Lloyd Wright School of Architecture and Taliesin Fellowship Garden Fund
( CO NT. )
Balance at Distributable
March 31, 2012
Income
$
1,966 17,475 22,306 8,305 7,972 2,616 25,936 8,424 21,024 13,936 8,766 20,100 19,957 5,358 17,969 24,419 23,459 4,476 25,406 8,511 5,486 5,541 13,523 5,284 8,034 26,522 16,638 16,534 $
49
436
556
207
199
65
473
154
524
254
218
501
497
134
448
299
427
82
463
212
137
138
337
132
200
661
415
412
Total Specific Gardens and Parks
$
781,781 $ 17,999
General Grounds And Gardens
D.A.R. Flag Fund
5,068 126
Garden Beautification Fund
38,803 967
Louise Marshall Lincoln Memorial Garden Fund
29,243 729
The Constance Lincoln Newbury Memorial Garden Fund
46,889 1,169
The Walter C. Shaw, Jr. Family Tree Fund
293,955 5,356
Tree Fund
16,229 294
Total General Grounds and Gardens
$
430,187 $
8,641
Total Physical Maintenance $ 6,304,156 $ 137,474
Lectureships
10:45 Lecture Platform Endowment
$
12,405 $
215
Malcolm Anderson Lecture Fund
281,791 7,023
The Sondra R. and R. Quintus Anderson Lectureship
243,309 6,064
David and Wendy Barensfeld Lectureship Fund
68,045 1,538
The Crawford N. and May Sellstrom Bargar Lectureship in Business and Economics
83,943 2,092
The Arnold and Jill Bellowe Lectureship
48,686 887
Berglund-Weiss Lectureship Fund
165,912 3,208
June and Albert Bonyor Lectureship Fund
132,426 3,302
Dr. Edwin Prince Booth Memorial Lectureship Fund
71,289 1,777
The Boyle Family Lectureship Fund
232,569 5,796
Selina and Walter Braham Lectureship
242,392 5,996
The Richard Newman Campen “Chautauqua Impressions” Fund
$
44,568 $
812
42
CH AU TAUQUA FO UNDATION
Carnahan-Jackson Lectureship
Chautauqua Fellows Fund
William and Julia Clinger Lectureship
Beverly and Bruce Conner Endowment for Education
The Joseph H. DeFrees Memorial Lecture
The Edith B. and Arthur E. Earley Lectureship
The Foglesong Family Lectureship Fund
Barbara A. Georgescu Lectureship Endowment
The Charles Ellsworth Goodell Lectureship in Government and Public Affairs
The Susan Hirt Hagen Lectures Fund
The Thomas L. Hagner and Linda Ulrich-Hagner Lectureship Fund
The Dr. Robert R. Hesse Lectureship
The Higie Family Lectureship
The Robert Jacobs Memorial Lectureship Fund
The Kevin and Joan Keogh Family Fund
Barbara and Herb Keyser Fund
The Oliver and Mary Langenberg Lectureship
The Reginald and Elizabeth Lenna Lectureship in Business and Economics
The Helen C. Lincoln Fund for International Programming
The Louise Roblee McCarthy Memorial Lectureship
McCredie Family Fund
National Endowment for the Humanities Fund
Joseph A. Neubauer Lectureship in Science
Margaret Miller Newman Lectureship Fund
Kathryn Sisson Phillips Memorial Lectureship Fund
The Richard and Emily Smucker Endowment Fund
The Frank G. Sterritte Memorial Lectureship
The Ethel Paris and Theodore Albert Viehe Lectureship
The Dorothy M. Wissel Lectureship
Balance at Distributable
March 31, 2012
Income
$
395,350 31,889 95,352 70,280 61,678 88,812 72,046 256,932 203,017 395,437 20,785 45,154 86,931 52,182 154,525 47,350 1,202,459 77,416 269,156 217,001 141,067 272,056 67,115 84,908 40,539 511,784 54,274 53,079 95,045 $
9,853
795
1,738
1,281
1,537
1,618
1,796
6,403
5,060
9,855
471
823
1,584
1,301
3,840
1,180
29,969
1,929
6,708
5,408
3,516
6,780
1,673
2,116
1,010
12,755
975
1,295
1,732
Total Lectureships
$ 6,790,954 $ 163,711
Literary Arts
The Baird-Fuller Memorial Fund
$
5,004 $
125
Caroline Roberts Barnum and Julianne Barnum Follansbee Fund
36,186 902
The Alice M. Bentley CLSC Memorial Fund
3,922 71
John H. Bliss Memorial Fund
26,007 647
Lowell & Frances Hyams Brentano Library Fund
10,152 253
Chautauqua Literary Arts Endowment
30,121 732
Chautauqua Prize Endowment Fund
158,000 3,592
C.L.S.C. Class of 1940 Endowment Fund
978 24
C.L.S.C. Class of 1948 Endowment Fund
1,034 25
Court Family Endowment for the Literary Arts
254,333 6,339
The Louise Shaw Van Kirk Dill Fund
50,088 1,232
The Paul and Mary Jean Irion Endowment
50,625 923
The Mary Anne and John Morefield Endowment for the Enhancement of Poetry
70,950 2,000
The Bess Sheppard Morrison CLSC Fund
55,780 1,390
William A. Morrow Fund
1,014 25
The Martha and Scott Reading Fund
15,230 380
Grace Tongren Ross Fund for Smith Memorial Library
33,229 828
Smith Memorial Library Fund
31,853 580
Total Literary Arts
$
834,506 $
CELEBR ATING 75 YEARS
20,068
43
summary of funds — specified
( CO NT. )
Balance at Distributable
March 31, 2012
Income
Youth Activities
Ward T. Bower Youth Activities Memorial
$
45,796 $
1,141
Elizabeth Elser Doolittle Fund for Youth
48,214 1,202
The Gelb Family Endowment Fund
17,028 424
Gelb Family Fund
33,586 837
Cyril T. M. Hough and Lt. C. Randall Hough, USMC Memorial Fund
35,262 879
The Katie Howard Memorial Fund
14,202 354
The Popp Family Fund
153,491 2,797
Paul L. Sample Memorial Fund
20,534 512
Andrew and Donna Sorensen Youth Activities Center Endowment
108,620 2,260
Youth Activities Fund
4,511 112
Total Youth Activities
$ 481,244 $ 10,518
Fine and Performing Arts
General
Artists Appreciation Fund
$
7,769 $
194
The John T. and Katherine G. Bailey Family Fund
32,623 594
The Boyle Family Fund for the Performing Arts
116,296 2,898
Emily and John Corry Endowment for the Performing Arts
249,997 3,740
The Barbara Baldwin DeFrees Fund for the Performing Arts
311,290 7,758
The Edith B. and Arthur E. Earley Fund for the Performing Arts
161,115 2,935
The Endowment Fund for the Performing Arts
828,534 20,650
The Lenna Fund for the Performing Arts
72,006 1,795
The Helen Cooper Mercer Fund for Performing Arts
60,005 1,495
National Endowment for the Arts Fund
449,464 11,202
The Rittman Family Fund for Performing Arts
34,162 597
The Julia and Ralph C. Sheldon, Jr. Fund for the Performing Arts
88,551 2,207
Total General
$ 2,411,812 $ 56,065
Opera
John E. Anderson Opera Endowment
$
88,425 $
1,611
The Peggy and Andy Anderson Family Fund for Opera
113,389 2,066
The Cynthia Auerbach Fund for Opera
35,330 880
Bemus Endowment for Opera
13,870 346
Anne and John Burden Opera Fund
54,703 1,363
Chautauqua Opera Endowment Fund
315,445 7,774
The Chautauqua Opera Guild Endowment
207,348 3,778
Thomas and Kathleen Clingan Fund for Opera
51,535 1,284
The Connolly Family Fund For Opera
219,371 3,998
The John A. and Emily McKnight Corry Opera Fund
316,933 7,899
The Barbara Baldwin DeFrees Opera Fund
364,640 9,088
The Walter F. Ferchen Opera Fund
7,531 188
The Eleanor B. Franks Fund for the Opera
145,775 3,633
The James and Elisabeth Groninger Fund for Opera
68,163 1,242
The Jane A. Gross Opera Endowment
24,685 615
The Kay Frantz Israel Fund for Opera
98,985 1,804
The Mildred Lesenger Fund for Opera
45,002 1,122
The Kay H. Logan Opera Fund
485,319 8,844
The Annette Pickens Malvin Memorial Fund for Opera
23,206 423
The Christopher and Susan Martin Opera Fund
39,564 986
The Margaret Clark Mercer Fund for Opera
45,945 837
The Ralph E. Miller and Paul E. Cawein Fund for Opera
105,625 780
The Steve Z. and Mary G. Mitchell Family Fund
$
57,132 $
1,040
44
CH AU TAUQUA FO UNDATION
The Reverend Lloyd V. Moffett Opera Endowment Fund
The Robert G. and Lillian Vitanza Ney Family Opera Fund
The Joseph A. and Anne T. Prezio Opera Endowment Fund
The Richards Family Opera Fund
The Molly Rinehart Fund for Opera
The Wadsworth Fund
Charles and Lois Weaver Fund for Opera
Dr. Fred R. Whaley and Helen A. Whaley Fund for Opera
The Robert and Virginia Young Opera Fund
Zemsky Endowment For Opera
Balance at Distributable
March 31, 2012
Income
$
117,043 48,812 42,908 290,185 23,606 74,556 48,901 12,507 17,898 101,048 $
2,824
889
782
5,288
430
1,359
891
153
326
2,518
Total Opera
$ 3,705,385 $ 77,061
Symphony
Clement and Karen Arrison Endowment for Classical Violin
$ 176,024$
4,387
Maggie Bella Symphony Orchestra Endowment Fund
11,273 281
The Boyle Family Fund for the Chautauqua Symphony Orchestra
147,772 3,683
The Mary Peterson Chalfant Fund for the Chautauqua Symphony Orchestra
60,853 1,517
Chautauqua Symphony Orchestra Endowment Fund
159,177 3,967
The Carl and Lee Chaverin Fund
44,451 1,108
William D. Kuhns Fund for General Music Purposes of Chautauqua Institution
853,268 15,549
The Jim and Lynn Levinson Fund for the Chautauqua Symphony Orchestra
50,985 1,271
Helen T. Logan Fund for the Chautauqua Symphony Orchestra
184,512 4,599
Mr. & Mrs. Sam A. Miller and Mr. & Mrs. Edward S. Babcox Memorial Fund 8,215 205
The Mischakoff/Taylor Concertmaster Chair Fund
327,864 8,171
Margaret Miller Newman Fund for the Chautauqua Symphony Orchestra
85,052 2,120
The David B. and Barbara Barrett Orr Music Fund
32,705 596
The Reinberger Fund for the Performing Arts
168,313 4,195
The Gertrude Aldredge Shelburne Fund
22,717 566
The Dr. James and Mary Anne Evans Singleton Fund for the Chautauqua Symphony Orchestra
19,956 497
Symphony Patron Endowment Fund for the Chautauqua Symphony Orchestra
499,196 12,333
The Trustees’ Fund for the Chautauqua Symphony Orchestra
107,971 2,691
The Wilder Family Fund for the Chautauqua Symphony Orchestra
319,672 7,967
Nora J. Williams Symphony Fund
57,120 1,424
Dent and Joan Williamson Fund for the Chautauqua Symphony Orchestra
43,160 1,066
Total Symphony
$ 3,380,256 $ 78,193
Theater
The Arnold and Jill Bellowe Fund for Theater
$ 91,934 $
1,675
The Nancy E. Brewer Fund for Theater
31,193 568
Chautauqua Theater Fund
74,986 1,364
The Crockett Family Fund for Theater
63,211 1,152
The Agnes H. and Hal A. Fausnaugh Fund for Theater Programming
46,244 843
Helen Moe Fund for Theater
50,984 1,271
The Florence and Cynthia Norton Fund for Theater
43,361 790
The Phoebe Wagner Ott Theater Fund
17,662 322
Total Theater
$
419,575
$
Dance
The Paul and Toni Branch Fund for Dance
$
22,536 $
Carnahan-Jackson Dance Chair Endowment
363,872 The Carnahan-Jackson Dance Endowment
497,852 Moore Fund for Dance
141,333 562
6,631
12,408
2,575
Total Dance
22,176
$ 1,025,593 $
CELEBR ATING 75 YEARS
7,985
45
summary of funds — specified
( CO NT. )
Balance at Distributable
March 31, 2012
Income
Visual Arts
Je’Anne Griffin Bargar Endowment for Visual Arts
$ 134,113$
2,443
The Chautauqua Art Association, Inc. Visual Arts Fund
42,445 773
Chip and Gail Gamble Visual Arts Endowment
25,949 615
Joan and David Lincoln Ceramics Endowment
1,015,568 25,311
Florence H. Norton and Cynthia Norton Visual Arts Endowment
26,254 478
VACI Gallery Director Endowment
250,537 6,244
Total Visual Arts
$ 1,494,866 $ 35,864
Total Fine and Performing Arts
$ 12,437,487 $ 277,344
Religion
General
Campbell Department of Religion Fund
$
449,673 $ 11,207
Eleanor B. Daugherty Fund
465,829 11,610
Department of Religion Fund
88,710 2,211
Department of Religion Leadership Fund
108,223 2,697
Carrell Leiper Hall Memorial Fund in Honor of Dr. Henry Smith Leiper
18,956 345
Lois Raynow Department of Religion Fund
51,311 935
The Waasdorp Fund for Religious Initiatives
54,210 877
Total General
$ 1,236,912 $ 29,882
Chaplaincies
Marie Reid-Edward Spencer Babcox Memorial Fund
$
15,484 $
386
Robert D. Campbell Memorial Chaplaincy
55,066 1,372
Daney-Holden Chaplaincy Fund
58,237 1,451
The Mr. and Mrs. William Uhler Follansbee Memorial Chaplaincy
82,786 2,063
J. Everett Hall Memorial Chaplaincy
20,269 505
Samuel M. and Mary E. Hazlett Memorial Fund
43,663 1,039
Jackson-Carnahan Memorial Chaplaincy
50,447 1,257
Alison and Craig Marthinsen Endowment for the Department of Religion
51,616 1,286
The Geraldine M. and Frank E. McElree, Jr. Chaplaincy Fund
79,497 1,981
Randell-Hall Memorial Chaplaincy
55,604 1,386
Harold F. Reed, Sr. Chaplaincy
74,320 1,852
Edmond E. Robb-Walter C. Shaw Fund
67,238 1,676
John William Tyrrell Endowment for Religion
48,302 880
Total Chaplaincies
$
702,529 $ 17,134
Lectureships
Carnahan-Jackson Religious Lectureship
$
79,070 $
1,971
The Jack and Elizabeth Gellman and Zaretsky Family Fund
74,801 1,363
The Ralph W. Loew Religious Lectureship Fund
68,222 1,698
Robert S. and Sara M. Lucas Religious Lectureship
28,462 709
Eileen and Warren Martin Lectureship Fund for Emerging Studies in Bible and Theology
326,940 5,751
Eugene Ross McCarthy Memorial Fund
166,453 4,149
Rachel Alice Miller Memorial Fund
28,648 714
The Presbyterian Association of Chautauqua Religious Lectureship Fund
54,571 1,360
Arthur and Helen Reycroft Memorial Religious Lectureship Fund
49,253 1,228
Gertrude Elser Schroeder Fund
90,359 2,252
The H. Parker and Emma O. Sharp Lectureship Fund
64,814 1,615
Rabbi Samuel and Lynn Stahl Lectureship for the Understanding of Judaism
24,740 617
Total Lectureships
46
CH AU TAUQUA FO UNDATION
$ 1,056,333 $
23,427
Balance at Distributable
March 31, 2012
Income
Other
Alice A. Allen Fund
$
4,292 $
107
John E. Anderson Religion Endowment
88,425 1,611
The Reverend Noel A. Calhoun, Jr., D.D. Fund
37,890 916
Campbell Department of Religion Audio-Visual Fund
71,944 1,793
The Chautauqua Fund for Sacred Music
17,591 437
Fund for the Exploration of World Religions and Spiritual Practices
38,449 840
The Holden-Daney Fellowship Fund
41,673 1,039
Dr. William N. Jackson Religious Initiative Fund
61,750 1,539
Arville G. Light, Jr. Fund for Religion
21,881 545
The Myra Baker Low and Katharine Low Hembree Family Fund
136,236 2,483
S.R. and Jennie Hamill McClure Family Fund
24,909 621
The William H. and Mary C. Park Religious Programming Fund
51,971 1,295
Harold F. and Mary Lou E. Reed Family Fund
54,026 1,346
The Reeve Family Choir Music Fund
14,527 362
Religious Initiatives Fund
19,650 490
The Ann Simpson Rice Flower Fund
4,998 125
The Allen Steere, Sr. Fund for the Department of Religion
30,731 516
Total Other
$
720,943 Total Religion
$ 3,716,717 Scholarships
A. Chace Anderson Fine and Performing Arts Scholarship
$
50,945 Peggy and Andy Anderson Family Scholarship Fund
61,038 Richard W. Antemann Memorial Scholarship
10,620 Barakat Scholarship
9,632 The Michael L. Barnett Scholarship Fund
9,697 Bell Tower Scholarship Fund
9,761 The Jill W. Bellowe Chautauqua Conservatory Theater Scholoarship
78,085 The Chuck Berginc Scholarship
12,790 Dr. and Mrs. Arthur E. Bestor Scholarship Fund
11,135 The Frances Black Scholarship Fund
9,630 The Margaret B. Blossom Scholarship
10,797 Bonnefoux/McBride Dance Scholarship
23,252 June and Albert Bonyor Scholarship Fund for Ballet
139,170 Alexander W. Bouchal Memorial Scholarship
34,161 Ward T. Bower Memorial Scholarship
45,796 Frederick Percival Boynton Scholarship
8,669 Lowell and Frances Hyam Brentano Fund
30,405 The Anne C. Britton Memorial Scholarship
14,459 The Charles and Ethel Brody Theater Scholarship
9,881 The Gladys Brooks Scholarship Endowment Fund
128,709 The Indiana-Peggy Hoover Bryan Voice Scholarship
11,149 Shirley Budke Memorial Fund for Blind Students
16,216 The Edwin L. Bullock Scholarship
5,208 The Lillian B. Bullock Scholarship
5,305 Burden-Staples Music Scholarship
87,106 Bennett and Mary Jo Burgoon Memorial Scholarship
4,813 The Andrew L. and Gayle Shaw Camden Fund for Theater Arts
77,388 The Carnahan-Jackson Scholarship Fund
258,211 The Chautauqua Art Scholarship
28,683 The Chautauqua Golf Club Scholarship Fund
29,157 The Chautauqua Theater Scholarship
$
21,387 $
16,065
$
86,508
$
1,270
1,112
265
176
177
243
1,423
319
278
175
197
424
2,536
851
1,141
216
758
349
246
3,208
278
404
130
132
1,587
88
1,410
6,435
713
727
533
$
CELEBR ATING 75 YEARS
47
summary of funds — specified
48
The Chautauqua Voice Scholarship
Clark Scholarship Fund
Joseph Clarke Scholarship Fund
Clarkson Family Scholarship
The Theodore R. Colborn Scholarship
The William Cole/King Scholarship
Beverly and Bruce Conner Scholarship Fund
James and Barbara Copeland Scholarship Fund
The Bettsy and Ellis Cowling Scholarship for Music
The Daley Family Fund
Eleanor B. Daugherty Scholarship Fund
Diamond Jubilee Class of 1948 Scholarship
Mary Lowe Dickinson Scholarship
Dietrich Family Endowment for Music at Chautauqua
The Mardelle Dressler Dobbins Scholarship
The Rachel W. Eaton Scholarship
The Bina Edkin Eckerd Memorial Fund for the Fine and Performing Arts
The Robert Hunt and Mary Campbell Eckhardt Memorial Scholarship
David and Miriam Yanes Eddleman Voice Scholarship
The Miriam Yanes Eddleman Dance Scholarship
The Michael and Jane Eisner Scholarship Fund
Mary Cummings Paine Eudy Scholarship
The Falk Scholarship Fund
The Agnes H. and Hal A. Fausnaugh Chautauqua Conservatory Theater Scholarship
Beverly and Marvin Fiegelman Scholarship Fund for the Performing Arts
Genevieve Foote Findley Scholarship
Ted and Deborah First Scholarship
Edith Reid Flaster Memorial Dance Scholarship
The Luella Morris Forney Memorial Scholarship
Wilbur D. Forney Memorial Scholarship Fund
Dr. Stephen Fudell Memorial Scholarship Endowment
The Harriet B. and Ralph T. Geller Memorial Scholarship
Marjorie Geller Memorial Dance Scholarship
The Elizabeth & Jack Gellman and Deborah & Allen Zaretsky Scholarship Fund
General Scholarship Fund
The Howard G. Gibbs Scholarship Fund
Sheila Gitlitz Scholarship Endowment
The Gitlitz Scholarship Fund for Visual Arts
Glendorn Foundation Scholarship Fund
Golay-Bradford Endowment for Families
The Rosalyn Goldberg Scholarship Fund
The Toni and Joseph Goldfarb Scholarship Fund for Fine & Performing Arts
The Alfred E. Goldman Scholarship
The Jessie D. Grassie Class of 1882 Scholarship
Franklin P. & Fern Green and William P. & Ruth Bates Art Scholarship
The Groff-Simpson Family Scholarship
Grover Family Scholarship Fund
G. Thomas & Kathleen Harrick Music Scholarship
Harris Scholarship for Performing Arts
Ruth Higby Haver and Della and David Higby Music Scholarship
Lillian B. Hersh Music Scholarship
William and Pauline Higie School of Dance Scholarship
William and Pauline Higie School of Music Scholarship
Robert D. Hiller Scholarship Fund
CH AU TAUQUA FO UNDATION
( CO NT. )
Balance at Distributable
March 31, 2012
Income
$
$
17,022 $
8,116 24,575 16,725 24,393 10,294 70,280 12,374 10,606 5,257 473,831 8,108 17,126 94,270 26,587 15,255 89,337 47,257 13,022 23,873 10,399 10,135 71,568 10,545 15,783 16,216 6,604 15,350 30,144 30,144 24,904 19,539 33,976 38,813 20,037 40,723 6,106 6,366 99,488 102,071 11,094 13,467 37,046 8,108 14,773 16,795 11,501 47,092 36,396 10,803 25,415 4,399 4,399 6,861 $
424
202
448
417
606
174
1,281
308
254
131
11,809
202
427
1,718
663
369
1,628
1,178
287
435
259
253
1,784
189
393
404
165
383
751
751
621
282
832
967
499
1,015
135
141
2,480
2,544
274
331
907
202
368
419
287
538
636
269
573
80
80
171
Balance at Distributable
March 31, 2012
Income
The Arthur and Arlene Holden Scholarship for Chautauqua
W.T. Holland Memorial Piano Scholarship Endowment
Elke Kieserling Hoppe Scholarship
Cyril T.M. Hough Memorial Scholarship Fund
Ruth M. Skinner Hutchins Scholarship Fund
Innes Family Scholarship for Studio Arts
The Dorothy M. Jackson Memorial Scholarship in Piano
The Lucinda Ely Johnson Scholarship
The Max and Edythe Kahn Scholarship Fund
The Nancy and Norman Karp Scholarship Fund
Thomas E. Kaufman Memorial Music Scholarship
The Kaylor Family Scholarship
The Danny Kayne Music Scholarship Fund
Audrey and Kenny Koblitz Scholarship
Konneker Scholarship
The John and Mary Lou Kookogey Scholarship
Felicia and Andy Landis Memorial Fund
The LaPenna-Koch Scholarship
The Marilyn G. Levinson and Nathan Gottschalk First Chair Award for MSFO Endowment
Anne R. Logan Scholarship Fund
Marianne Elser Markham Endowment Fund
The Lucille J. McClure Memorial Music Scholarship Fund
Roberta J. McKibbin Memorial Scholarship for Visual Arts
Everett and Sarah Holden McLaren Scholarship
David L. and Jane K. Miller Art Scholarship
Ralph E. Miller Memorial Scholarship for Music
The Ralph J. Miller and Florence L. Miller Memorial Scholarship in Music
The Sylvia Lucas Miller Scholarship in Music
The William E. Miller, Jr. Theater Scholarship
The Augusta L. Ebert Molyneaux Scholarship
The Elmer G. Molyneaux Scholarship
The Mary Louise Molyneaux Scholarship
Moore Scholarship Fund for Music
The Barbara J. Morris Memorial Cello Scholarship
Gertrude T. Munger Piano Award Fund
The Abe Neches Scholarship for Dance
The Marian A. Neubauer Scholarship
Lily Lee Nixon Fund
The Fayette S. Olmstead Foundation and Pittsburgh National Bank Charitable Trust Fund
The Bernard Paul Memorial Scholarship Fund
Mary Elizabeth Peffer Music Scholarship
Rosalie H. Pembridge Dance Scholarship
Pennsylvania Scholarship Fund
Pennybacker Memorial Scholarship
Charles John Petre Memorial Fund Trombone Award
William and Jane Pfefferkorn Scholarship for Music
The Ernest W. and Jeannette McClure Polley Scholarship
Av and Janet Posner Art Scholarship
Henry Rauch Memorial Scholarship
The Douglas A. Raynow Memorial Scholarship
Joseph W. and Marilyn Hyder Richey Scholarship Endowment
Roblee Scholarship for Families
Joseph H. and Florence A. Roblee Scholarship
The Catherine Prussing Rodgers Scholarship
$
$
61,363 22,638 70,264 20,247 9,793 5,851 11,253 12,357 96,810 8,950 41,428 13,158 8,223 5,589 27,524 9,051 11,730 89,957 74,191 8,210 48,332 13,867 30,120 20,931 13,260 91,886 22,364 9,372 15,890 5,485 5,305 10,070 8,721 8,599 19,027 9,051 6,820 9,219 10,595 5,806 10,135 5,425 8,269 11,047 117,834 17,349 13,027 25,307 9,217 60,219 13,106 102,339 32,148 19,699 $
$
CELEBR ATING 75 YEARS
1,529
564
1,373
505
244
138
277
308
2,413
223
954
240
150
102
686
202
292
2,189
1,849
205
1,205
253
122
447
873
1,674
557
234
387
137
132
251
159
214
474
161
124
230
264
106
253
98
206
275
2,132
414
325
631
230
1,092
239
2,551
801
465
49
summary of funds — specified
The Josette and Ronald Rolley Scholarship
Mary McQueen Ross Scholarship
Glen and Ruth Roush Scholarship Fund
The Richard B. Rubin Scholarship Fund
The Sack Family Scholarship
Ann and Isidor Saslav Violin Scholarship in Honor of Mischa Mischakoff
The Henrietta W. Schlager Scholarship
The Charles G. Schwartz Scholarship
Kuniko Washio Scollard Scholarship Fund for Music
The Sabina Mooney Seifert Memorial Scholarship
Shreveport Friends’ Music Scholarship
A. Pope and Peggy B. Shuford Dance Scholarship
Ronald Perry Smith Scholarship Fund
The Dr. William T. and Virginia W. Smyth Fund
The Suzanne Gaider Sroka Scholarship
The Madge Ryan Stirniman Scholarship
George and Marianne Strother Scholarship Fund
Dessie B. Tichenor Scholarship Fund
Tustin Memorial Fund
Alfredo Valenti Scholarship Fund
Glenn G. Vance Music Scholarship Fund
Nina T. Wensley Scholarship
Katherine Karslake White School of Music Scholarship
The Dr. Frits & Corrie Wiebenga Scholarship Fund
The Rachel Wilder and Phil Lerman Scholarship
Victoria Willen Scholarship Fund for the Arts
The Mark W. Williams Scholarship
Mary Chenoweth Wright Scholarship Endowment
The Harriet G. Yanes Dance Scholarship
The John B. Yoder Music Scholarship
Chadwick Young Scholarship
( CO NT. )
Balance at Distributable
March 31, 2012
Income
$
33,141 30,289 13,519 5,973 29,253 4,425 5,954 16,268 9,974 19,063 14,516 22,075 17,159 45,060 4,386 10,411 6,564 66,200 3,912 11,706 28,556 8,108 51,838 11,991 8,628 49,970 7,960 4,409 49,644 6,238 17,562 $
604
755
337
149
533
81
148
405
179
347
345
402
428
821
80
190
164
1,650
98
292
712
202
1,292
219
157
911
198
80
905
114
320
Total Scholarships
$ 5,151,803 $ 116,022
Flexible Program Purposes
The Bromeley Family Fund
$
132,628 $
3,305
The Carnahan-Jackson Foundation Fund for Chautauqua
510,910 12,733
The Chautauqua/Jamestown Fund for Education, Religion and the Performing Arts
69,216 1,725
The Winifred S. Dibert Fund for Chautauqua
306,306 7,634
Elizabeth Elser Doolittle Endowment Fund for Adult Programming
303,038 7,553
H. David Faust Leadership Fund
121,481 3,014
Scott and Patti Fine Endowment Fund
153,944 3,307
The First Family Fund
93,094 2,320
The George and Julie Follansbee Family Fund
213,678 1,435
The Jane Robb Shaw Hirsh Endowment
97,883 1,740
The Jim and Lynn Gasche Levinson Fund for Chautauqua
161,651 4,029
Locke-Irwin Fund
222,278 5,540
The Loynd Family Fund
26,778 667
The Mackenzie Fund for Chautauqua
62,497 1,136
Cornelia Chason Miller Memorial Fund
88,334 1,610
The Lewis Miller Memorial Fund
212,801 5,304
The Walter L. and Martha Tinkham Miller Fund
110,491 2,754
The Miriam S. Reading/Richard H. Miller Fund
183,098 4,563
The Helen H. and Paul L. Sample Fund
64,694 1,179
The Donald Chace Shaw Fund
$
200,384 $
3,651
50
CH AU TAUQUA FO UNDATION
The Edris and David H. Weis Family Fund
Balance at Distributable
March 31, 2012
Income
$
92,564 $
1,687
Total Flexible Program Purposes
Other
Allegheny Jazz Society Fund
Philip J. and Barbara S. Brunskill Fund
Buffalo-Chautauqua Idea and Connection: Galucki Family Endowment Fund
The Cook Fund
Cornell/Ingram/Karslake Awards Fund
Elizabeth Dickson Memorial Fund
Valentine and Elizabeth Rider Frees Fund
The Joseph and Anna Gartner Endowment Fund
Charles Heinz and Louise Heinz Lockhart Fund
The Frank G. Karslake Fund
Samuel J. Kresge Fund
Elizabeth Miller Fund
The Morgan-Ludwig Fund
The Helen M. Overs Fund
Jack A. and Muriel Winter Endowment Fund
Jack R. Winter Fund
Michael Winter Fund
The Thomas P. and Shirley M. Woolaway Fund
$ 3,427,748 $
76,886
$
33,952 19,023 5,000 19,762 16,673 8,108 8,127 46,512 23,184 4,885 34,603 23,898 36,033 23,633 165,057 81,513 81,218 46,769 $
213
474
78
493
416
202
203
1,159
578
89
862
596
657
589
4,114
2,032
2,024
1,166
Total Other
$
677,950 $
15,945
Segregated Endowment Funds
Harry A. Logan, Jr. Fund for the Performing Arts
$
129,178 $ 30,000
Total Specified Endowment Funds
$ 39,951,743 $ 934,476
summary of funds — temporarily restricted
Balance at Distributable
March 31, 2012
Income
Anonymous Fund
$
The Jill and Arnie Bellowe Fund
Barbara and William Branch Fund
John Burden Fund
CEO Discretionary Fund
The Wendy Cohen Fund
Wendy and Edward Cohen Fund
Jack and Marcia Connolly Fund
Court Family Fund for Visiting Authors
Barbara and Peter Georgescu Fund
The Will and Ann Lee Konneker Fund for Chautauqua
Candace Littell and Scott Maxwell Endowment Fund
Percy Fund for Chautauqua
Total Temporarily Restricted Funds
$
25,393 $
10,651 10,706 19,997 13,534
-
59,758 14,955 82,427
25,393
45,063 5,079 66,025 378,981 $
CELEBR ATING 75 YEARS
10,000
10,000
10,000
9,805
12,593
10,000
10,000
10,000
82,398
51
officers , directors and staff
Directors
Term Expires
John E. Anderson of Lakewood, New York - 5, 7
2012
Thomas M. Becker of Lakewood, New York - 3
Gary M. Brost of Buffalo, New York - 1, 3, 5
ii
2012
Chair, Audit Committee
Steven W. Percy
•
Chairman
John S. Connolly, Jr.
2013
John S. Connolly, Jr. of Boynton Beach, Florida - 3, 6, 7
2014
John A. Corry of Bronxville, New York - 4, 7
2013
Laura P. Currie of Nashville, Tennessee - 4, 6
2014i
Lauren Rich Fine of Shaker Heights, Ohio - 3, 4, 5
2012
Chair, Investment Committee
•
Linda Jordan Loomis
Gift Administrator
•
Tina E. Downey
William R. Goodell of Bronxville, New York - 4, 5
2014
James G. Groninger of Richmond, Virginia - 1, 5
2014i
Linda Jordan Loomis
Thomas B. Hagen of Erie, Pennsylvania - 2, 6
2013
John S. Kobacker of Gahanna, Ohio - 4, 5
2015
Christopher H. Lytle of New York, New York - 2, 5
2014
Susan Moran Murphy of Bloomfield Hills, Michigan - 1, 6
2014
I. Hale Oliver of Upper Saint Claire, Pennsylvania - 3, 5, 7
2013
Chair, Personnel Committee
Chair, Executive Committee
Chair, Board of Directors
Stephen J. Zenczak of Gates Mills, Ohio - 3, 4, 7
2015
Chair, Finance Committee
1 - Audit Committee
2 - Development Council
3 - Executive Committee
4 - Finance Committee
5 - Investment Committee
6 - Nominating Committee
7 - Personnel Committee
i
Coincides with term on the Chautauqua Institution’s Board of Trustees
ii Coincides with term as President of Chautauqua Institution
52
2015
CH AU TAUQUA FO UNDATION
Corporate Secretary
Director of Gift Planning
•
2013
Steven W. Percy of Akron, Ohio - 2, 3, 6
•
Karen Blozie
2012
Chief Executive Officer
Chris J. Baglia
Karen J. Goodell of New York, New York - 2, 3, 6
Chair, Nominating & Governance Committee
•
Treasurer
Staff
Charlotte A. Fowler of Cleveland, Ohio - 2, 7
Vice Chairman
•
George L. Follansbee, Jr.
Stephen J. Zenczak
Andrew L. Camden of Grosse Pointe, Michigan - 1, 5
Officers
Jacqueline A. Chagnon
•
•
Stewardship & Donor Relations
Director of the Chautauqua Fund
George L. Follansbee, Jr.
•
•
Chief Executive Officer
Corporate Secretary
Chief Financial Officer
Deborah E. Moore, CPA
•
Timothy J. Mulholland
Research Associate
Megan E. Sorenson
Jennifer Stafford
Linda G. Steckley
•
•
•
Assistant Director of the Chautauqua Fund
Administrative Assistant
•
Senior Major Gifts Officer
former directors
Former Directors and Terms of Service
Wilson C. Price - May 1937 to August 1962
Edward P. Boyle - August 1984 to August 1994
Mrs. E.J. Bellinger - August 1937 to October 1963
Frank E. McElree, Jr. - August 1984 to August 1996
Mrs. L. D. Boal - August 1937 to August 1955
H. David Faust - August 1986 to June 1988
Samuel M. Hazlett - August 1937 to July 1956
Mary Frances Cram - August 1987 to August 1993
James H. Matthews - August 1937 to 1939
Robert B. Osburn - August 1989 to August 1996
Walter Roberts - August 1937 to March 1959
Harold F. Reed, Jr. - August 1989 to August 2001
David L. Starr - August 1937 to 1951
Eugene S. Cohen - August 1990 to August 1998
Mrs. Livingston Hunter - August 1939 to 1942
George L. Follansbee, Jr. - August 1990 to March 2004
Mrs. Dorothy Smith - August 1943 to 1950
Hal A. Fausnaugh - April 1990 to August 1994
Walter F. Rittman - August 1950 to September 1954
R. Quintus Anderson - April 1991 to August 1995
Harold F. Reed - August 1951 to August 1971
William F. Hill, II - April 1991 to August 2005
Mrs. Walter F. Rittman - August 1955 to January 1964
Patricia Goldman - August 1992 to August 2003
Paul N. Anderson - August 1955 to August 1965
Marilyn G. Levinson - August 1992 to August 2000
Walter C. Shaw, Jr. - August 1956 to August 1974
William H. Park - August 1993 to August 2005
John D. Hamilton - July 1959 to August 1971
William G. Karslake - August 1994 to August 1995
Samuel P. Price, Sr. - August 1962 to August 1995
Thomas R. Bromeley - August 1995 to June 2001
Mrs. Dorothy W. Cook - August 1964 to August 1987
vic gelb - August 1995 to August 2011
Lewis W. Morgan - August 1964 to August 1990
Selina P. Johnson - August 1996 to August 2008
Nancy Miller Arnn - August 1965 to August 1989
Wilfred R. Konneker - January 1996 to August 2006
Richard H. Miller - August 1971 to August 1996
Lowell Strohl - August 1996 to February 2010
J. Donald Patton - August 1971 to August 1984
Miriam S. Reading - January 1997 to August 2006
Howard G. Gibbs - August 1974 to August 1990
Martin Coyle - August 2000 to November 2003
Oscar E. Remick - September 1975 to December 1976
Wendy Cohen - August 2001 to May 2011
Robert S. Bargar - August 1976 to August 1994
Scott McVay - January 2001 to December 2003
Mrs. Mary B. McDowell - August 1976 to August 1982
Alan Short - August 2001 to August 2005
John S. Rogers - August 1976 to August 1986
Fred C. Gregory - August 2004 to August 2008
David H. Carnahan - August 1976 to January 2000
John W. Burden, III - August 2005 to October 2007
George L. Cornell - August 1976 to August 2001
Kathryn J. Lincoln - August 2005 to December 2011
Joseph A. Neubauer - August 1977 to November 1983
George T. Snyder - August 2006 to August 2007
Robert R. Hesse - January 1978 to November 1983
Richard L. Bechtolt - August 1982 to July 2006
Daniel L. Bratton - December 1983 to December 2000
Former Board Leadership
Walter Roberts
August 1937 to August 1957
John D. Hamilton
August 1967 to August 1971
William F. Hill, II
August 1996 to August 2002
Harold F. Reed
August 1957 to August 1967
Richard H. Miller
August 1971 to August 1996
Lowell K. Strohl
August 2002 to August 2008
CELEBR ATING 75 YEARS
53
2013 Annual Membership Meeting
Saturday, August 17 • 9 a.m.
One Ames Avenue
P.O. Box 28
716.357.6220 • 716.357.4023 (fax)
[email protected]
www.chautauquafoundation.org