Class of 1961 Legacy Fund Bequests
2019-2020
These are artists that we anticipate connecting Legacy Fund support to this year.
Carla Bley |
The first would be jazz pianist Carla Bley, one of the leaders of the Free Jazz movement. Bley is a NEA Jazz Master and was a Guggenheim Fellow and will work with our student jazz ensemble while in residence. I believe this is Bley's first engagement at the Hop. She is scheduled for October. |
The second would be the Martha Graham Dance Company. As you probably know, Martha Graham was one of the pioneers of modern dance in America. I believe we have presented this company only once before, in 1994. We are very excited about this engagement which will include a performance of one of Graham's seminal works–Appalachian Spring (to Copland's Pulitzer Prize-winning score). The Company will perform at the Hop in January. |
Laurel Dailey Smith, So Youg An, & Cara McManus in Martha Graham's Chronicle
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The third would be "Passion for Bach & Coltrane", a unique collaboration between the Imani Winds, the Harlem String Quartet and orator/poet A.B. Spellman. In this seven-movement, evening-length work, composer and Imani Winds French horn player Jeff Scott quotes two sublime works—Bach's "Goldberg Variations" and Coltrane's "A Love Supreme". Scott adds his own movements and weaves in the poetry of writer, educator and arts activist Spellman, who has written powerfully about both composers. "Passion" lets the listener appreciate the contrasts and overlaps between two innovative geniuses. This concert is scheduled for March. I hope you are pleased with this list. The Legacy Fund, once again, is making it possible for us to celebrate some true artistic innovators at Dartmouth. Please let me know if you have any questions or concerns.
Best,
Sherry Fiore
Donor Relations Officer 603-646-2005
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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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