Annual Report
ANNUAL REPORT April 1, 2019 – December 31, 2019 TABLE OF CONTENTS CHAUTAUQUA FOUNDATION Mission Statement/Statement of Purpose 1 Message from Leadership 2–3 Financial Report 4–9 MISSION STATEMENT Audited Financial Statements 10–19 Endowment Funds 22–31 Adopted by the Chautauqua Foundation Board of Directors, June 21, 2019. Donor Recognition The Chautauqua Foundation, Inc. exists to support the Chautauqua Institution through the 2019 Endowment Donors 32–35 preservation, the appropriate use, and the growth of endowment funds. Cumulative Support to Endowment 37–42 Foundation Directors, Officers and Staff 44 Former Foundation Directors and Board Leadership 45 STATEMENT OF PURPOSE 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. 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.
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