October 3, 2019
Dartmouth Class of 1961
c/o James Baum
6 Penn Road Apt. 310
Kendal at Hanover
Hanover, NH 03755-1288
Dear Jim, |
HOPKINS CENTER
FOR THE ARTS
Mary Lou Aleskie
Howard L. Gilman '44 Director
Mary.Lou.Aleskie©dartmouth.edu 603.646.2424 |
The Class of 1961 helped the Hopkins Center present a truly exciting roster of visiting artists last year. In fact, our 2018/19 season featured 13 Hop debuts, the US premiere of a Stratford Festival blockbuster, and a new work by famed Chinese composer Tan Dun that was co-commissioned by the Hop. I am pleased to provide this report on activities supported by the Legacy fund during the last fiscal year.
Last season the Class of 1961 Legacy Fund supported the performances of Indigenous Rising and Grammy Award-nominated jazz vocalist Jazzmeia Horn. Indigenous Rising was an evening of song, music and solo theater by a group of young native artists that was guest-curated by Northwest-based arts activist Andre Bouchard (of Kootenai and Ojibwe descent). While at Dartmouth, Indigenous Rising artists visited Professor Vera Palmer's class on Native American Oral Tradition and Literature where they were very well received and many students lingered after class to continue conversations with the visitors. The artists also joined students and staff from the Native American House and the Native American Studies program for dinner. Bouchard participated in a pre-show conversation that was moderated by Professor Bruce Duthu, and the artists participated in a post-performance discussion with audience members.
Jazzmeia Horn spent some of her day on campus working with students in the Barbary Coast Jazz Ensemble. Coast Director Taylor Ho Bynum could see the influence that participating in the workshop and seeing the artist in concert had on the ensemble members throughout the rest of the year.
Playbills for each performance are enclosed. You will receive your financial update and a report on the performance of the College's endowment under separate cover from Dartmouth Advancement.
Your fund allowed us to present artists active in traditional American art forms, including those who have often struggled to have their stories heard. Thank you for your commitment To the arts at Dartmouth!
Warm regards,
Mary Lou Aleskie
Howard L. Gilman'44 Director
cc: Pete Bleyler
Don O'Neill
hop.dartmouth.edu
6041 Lower Level Wilson Hall
Dartmouth College Hanover, NH 03755
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Class of 1961 Legacy: The American Tradition in Performance - Endowment Fund
Endowed Fund Report
VALUE AS OF: |
6/30/2017 |
6/30/2018 |
HISTORIC BOOK VALUE: |
$872,668.93 |
$876,666.93 |
MARKET VALUE: |
$1,242,435.96 |
$1,330,716.37 |
DISTRIBUTION FOR PROGRAM: |
$46,579.39 |
$47,576.96 |
Book Value
The book value is the actual capital invested in Dartmouth's "Total Return Pool" prior to earning any investment return. This capital consists of the original donation plus any other additions to the fund.
Market Value
The market value is the total of the book value plus accumulated net investment earnings (reduced by cumulative distributions for program support) valued as of a certain date. This value is calculated monthly and is based on the total number of shares owned by the fund in the investment pool, multiplied by the most current value per share. Income to support endowed programs is determined by a spending formula approved annually by the College's Board of Trustees. This formula reduces the year-to-year volatility in the amount distributed, creating a smoother spending pattern over a period of years.
During the fiscal year that ended June 30, 2018, individual funds invested in Dartmouth's endowment portfolio experienced an investment return of 12.2%, resulting in an increased market value for the period.
Over the longer term, Dartmouth's endowment has generated an average annualized return of 7.6% for the ten years ended June 30, 2018, outperforming the 5.8% average annualized return of the MSCI All Country World Index and the 5.5% return of a general 60 percent global equity/40 percent bond benchmark over the same period |
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