Name: Pratt Institute
Assets Under Management: $507.5 Million (Source: Pratt Institute on 6/30/2013)
Annual Report: Pratt Institute Financial Statements June 30, 2013
Portfolio Insights: “Pratt Institute (the Institute), with its principle offices and programs located in Brooklyn, New York, is a coeducational institution chartered and empowered to confer academic degrees by the board of Regents of the State of New York.
The Institute’s endowment consists of approximately 200 individual funds, including both donor-restricted endowment funds (permanent endowment) and amounts designed by the Board of Trustees (the Board) to function as endowments.” (Source)
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Top Pratt Institute Endowment Fund Headlines:
1) The mission of Pratt Institute is to educate artists and creative professionals to be responsible contributors to society. Pratt seeks to instill in all graduates aesthetic judgment, professional knowledge, collaborative skills, and technical expertise. With a firm grounding in the liberal arts and sciences, a Pratt education blends theory with creative application in preparing graduates to become leaders in their professions. Pratt enrolls a diverse group of highly talented and dedicated students, challenging them to achieve their full potential. (Source)
2) Robert Hickerson, fine arts senior at Parsons and co-founder of NRM Gallery, put this tragedy into perspective.
“Their painting studios are structured very much like our fine arts studios, and to think if that were to no longer exist, to think of all the work that would be lost, it would be devastating,” he said.
Hickerson is working to collect donated work to auction off at the NRM Gallery space to raise money for affected Pratt students. The event will take place from 6 to 9 p.m. on Thursday, March 7 at 25 East 13th street on the fourth and fifth floors. Proceeds will be donated to Pratt Institute’s Main Fire Recovery Fund to assist students in the Department of Fine Arts who were affected by the recent fire. (Source)
3) Installation of an interactive work by Pratt Institute graduate student Eduardo Palma. Even for those of us long since done with school, something about the crisp, September air still feels studious. The just-a-bit-too-chilly mornings make me think I should be buying textbooks instead of paying my heating bill—after all, they cost about the same. Thankfully for your inner student, Pratt Institute has just announced “Pratt Presents,” a free public program series that will run through this fall, quenching your thirst for knowledge and intellectual engagement with the likes of Times critic Michael Kimmelman, chefs Daniel Boulud and Lydia Shire, and Colombian painter and sculptor Fernando Botero. (Source)
4) Brooklyn’s Pratt Institute will continue its tradition of blowing steam whistles to usher in the New Year. Chief Engineer Conrad Milster’s been running the show for nearly 50 years. Over the years, he’s collected 15 of the Industrial Revolution-era whistles from old buildings, trains and ships. Each year, he said, hundreds gather for the tradition. “The thing that also makes it so spectacular is you have these huge clouds of steam,” he explained. “There are times when the crowd literally disappears in steam clouds if you have a good, damp night.” (Source)
5) In 1999, Pratt Institute in Brooklyn joined forces with Munson-Williams-Proctor Arts Institute (MWPAI) in Utica to create PrattMWP. Their goal? To give students another option for their art college experience by providing a second, more intimate upstate campus where they can spend their first two years as they pursue their BFA degree in art.
Since then, this affiliation has been wildly successful. The combination of MWPAI’s distinguished arts community and Pratt’s strong reputation and curriculum developed into a focused, passionate, and supportive learning environment that attracts fine young artists from all over the world. But this success story began long before 1999.
Munson-Williams-Proctor Arts Institute (MWPAI) was established in 1919 to serve as “an artistic, musical, and social center.” The Institute was named for three generations of one Utica family whose philanthropic generosity supported the fundamental belief in the prominent role the arts play in a vibrant community. (Source)