Daugherty Society recognizes generous new members in Athenaeum luncheon


Fred Bergsten, director of the Peterson Institute for International Economics, and the Aug. 12 morning lecturer, takes questions from Eleanor B. Daugherty Society members after giving a special address on the U.S. and world economy. Photo by Ellie Haugsby.

Sarah Gelfand | Staff Writer

On Aug. 12, the Chautauqua Foundation held the sixth annual Eleanor B. Daugherty Society luncheon to honor the many Chautauquans who provide for the Institution’s future by including Chautauqua in their estate plans by will, trust, as beneficiary of an IRA or through a gift of real estate. Members were recognized and rewarded by hearing from guest speaker C. Fred Bergsten, director of the Peterson Institute for International Economics. Bergsten was the 10:45 a.m. lecturer Aug. 12 in the Amphitheater.

Planned Giving Committee chairman John Corry opened the luncheon by thanking the 135 members who were present and recognizing members of Chautauqua Foundation’s Planned Giving Committee. He looked to the week’s pastor, the Rev. Jon M. Walton, for his parable of self-reliance and “digging one’s own well.” Using that metaphor, Corry congratulated Daugherty Society members on “digging their own wells,” and graciously supporting Chautauqua with the fruit of their labors.

Chautauqua Foundation CEO Geof Follansbee took the podium next to emphasize the importance of the endowment, which is where all planned gift contributions are placed.

“The endowment matters,” Follansbee said. “Endowment is about sustaining the future of this Institution for years to come. When we talk about the endowment, we talk about perpetuity, and the last time I checked, perpetuity was for a very long time.”

New members of the Daugherty Society were acknowledged and received their official Daugherty Society pin from Karen Blozie, director of gift planning.

“To really be a part of this place, you have to be a part of its history, and you have done that with your commitment,” Blozie said.

The luncheon attendees then had the privilege of a personalized lecture from Bergsten on the developing economic situation in the U.S. and the world. Bergsten, who fit into the week’s programming theme of “The U.S. Economy: Beyond a Quick Fix,” was a particularly relevant speaker to the audience, whose investments in Chautauqua are determined by the state of the economy. Bergsten discussed both the domestic and international financial climate, taking questions and giving the audience his forecast for the future.