# The Cultural Institutions Retirement System

The Cultural Institutions Retirement System is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 225 West 34th Street, Suite 1106, New York, NY 10122, United States
- **Founded:** 1962
- **Assets under management:** Undisclosed
- **Website:** cirsplans.org
- **LinkedIn:** https://www.linkedin.com/company/the-cultural-institutions-retirement-system

## Regulatory record

- **Reports private funds:** No

## About

The Cultural Institutions Retirement System was established in 1962 by five New York cultural institutions to deliver retirement and insurance benefits to their employees. It later incorporated private tax-exempt child care centers through the Day Care Council of New York. Richard Scheer serves as Executive Director, with support from Controller Chadwick Roberson and Associate Director Maureen Scaduto. The system deploys capital across public equity index funds, target-date funds, a stable value fund managed by T. Rowe Price, and private markets. Private equity exposure stands at 13.19 percent. Confirmed holdings include a commitment to Almanac Realty Securities IX and an interest in Graham Partners VI. Geographic reach centers on the United States with additional international equity exposure through index vehicles. Nineteen professionals operate from the New York headquarters. The plan offers self-directed brokerage accounts through TD Ameritrade and recordkeeping via Voya Financial. April 2025: Richard Scheer spoke at the SVIA Spring Seminar on stable value funds and recordkeeper relationships. Governance rests with a nine-member Board of Trustees. The Mayor of New York appoints two trustees, while participating unions including District Council 37 and District Council 1707 appoint others. Founding institutions such as the New York Botanical Garden and Wildlife Conservation Society retain ongoing roles as participating employers.

## Sectors

- Financial Services

## People

- Richard Scheer — Executive Director
- Chadwick Roberson — Controller
- Maureen Scaduto — Associate Director

## Questions

### Who runs investment decisions at The Cultural Institutions Retirement System?

Richard Scheer as Executive Director oversees management and strategy. Maureen Scaduto handles plan operations and stable value fund oversight. The Board of Trustees sets overall policy.

### Does The Cultural Institutions Retirement System participate in fund commitments or only direct deals?

The system acts as a limited partner in private equity and real estate funds. Holdings include Almanac Realty Securities IX and Graham Partners VI.

### What asset classes does The Cultural Institutions Retirement System allocate to?

Allocations cover public equities via index funds, target-date funds, stable value, and private equity at 13.19 percent. A portion sits in fixed income and cash equivalents.

### How is The Cultural Institutions Retirement System governed?

A nine-member Board of Trustees includes appointees from the Mayor of New York and labor unions such as District Council 37. Founding cultural institutions maintain representation.

### Which service providers support The Cultural Institutions Retirement System?

Voya Financial serves as recordkeeper. T. Rowe Price manages the stable value fund. State Street Global Advisors provides index funds and custody. KPMG acts as auditor.

### What is the membership base of The Cultural Institutions Retirement System?

Over 21,000 active and retired participants work at cultural institutions and private tax-exempt child care centers across New York.

### Does The Cultural Institutions Retirement System maintain relationships with unions?

Yes. District Council 37, District Council 1707, and the Council of Supervisors and Administrators appoint trustees and represent plan participants.

## Related profiles

- [The Confidas Group](https://altss.com/profile/the-confidas-group)
- [The Pittsburgh Foundation](https://altss.com/profile/the-pittsburgh-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/the-cultural-institutions-retirement-system-cirs

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