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Her replacement will have to decide whether to establish an endowment to help ensure future financial stability.
The Metropolitan Opera last year freed up $22 million of its $242 million endowment to help cover operating expenses.
Fordham will continue to use Marymount's 25-acre campus and will use its $6 million endowment to help needy female students.
All told the orchestra is trying to raise $35 million to cover the purchase and renovation, and establish an endowment to help pay for running it.
Local benefactors have even established a charitable endowment to help finance the band's performance schedule, which includes a biannual concert tour of Europe.
That total will cover the expense of the final section, called High Line at the West Side Rail Yards and estimated to cost $90 million, while also establishing an endowment to help pay for future maintenance.
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Universities like Dartmouth rely on endowments to help pay for financial aid, academics and operations.
But they are already using the income from these endowments to help cover their costs.
Ms. Blanchett plays Annie Wilson, a recently widowed mother of three living in a small Southern town, where she uses her psychic endowments to help locals in distress.
But administrators at colleges without enormous endowments to help them cut student costs say they fear that Harvard may have created a wave of haggling by families and made college pricing and student aid packages seem even more opaque.
Some members of Congress, notably Senator Charles E. Grassley, Republican of Iowa, have been putting pressure on universities with large endowments to help ensure college access by increasing their endowment spending and questioned why they are not required to pay out the same 5 percent a year as private foundations must to retain their tax-free status.
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