In 2011, the Institute began a $200 million capital campaign—the Campaign for the Institute. We are deeply grateful to the Simons Foundation and the Charles and Lisa Simonyi Fund for Arts and Sciences for responding to the need to secure the Institute’s future, together pledging a $100 million challenge grant, the largest gift received since those made by the Founders. This is a significant milestone in the Institute’s history, and serves as the basis for the $200 million Campaign to strengthen the Institute’s position for future generations of scholars and scientists.
Founders Louis Bamberger and Caroline Bamberger Fuld, brother-and-sister philanthropists, endowed the Institute in 1930 to enable the world’s leading scholars to pursue “advanced learning and exploration in fields of pure science and high scholarship.” So began a tradition of giving that has built a thriving international community of scholars. A permanent Faculty of distinguished scholars is joined each year by more than two hundred visiting Members who come to the Institute to pursue curiosity-driven research in the sciences and humanities. The fundamental research that takes place at the Institute expands our understanding of the world, leading to both cultural and practical benefits for humanity. The vision of the Institute’s Founders is as vital today as it was more than eighty years ago. A review completed by the Institute’s Board of Trustees in October 2009 concluded that the mission of the Institute remains as relevant as ever, and that its shape and size are well-suited for the purpose, but that strengthening the endowment must be a top priority.
The Institute relies heavily on its endowment, which funds as much as eighty percent of its core operating expenses. In light of the global financial crisis and the resulting increased draw on the endowment, work began to strengthen the Institute’s endowment through a $200 million campaign, together with focused efforts to manage spending and increase operating support.
Your gift to the Institute is vital for ensuring that the Institute continues to fulfill its essential role for generations to come. All gifts and pledges made to support the Institute’s core activities during the Campaign (January 2011–June 2015) help the Institute match the generous and far-sighted challenge grant and meet its $200 million goal.