Augustus Saint-Gaudens, detail of Portrait of William Merritt Chase, bronze relief, 1888


The Academy operates primarily off of income from its endowment fund, which was established in 1914 by a gift from Academy member Archer M. Huntington (1870-1955). Since then other gifts and bequests have been added to the fund. The endowment’s investments are managed by a special committee that meets quarterly and is made up of current and former members of the board of directors and two pro bono advisers.