Go Club, Go Institution
A chess piece institution is where you go to play chess... or, in Japan, it's not chess, it's a Go hall or a Go club (it's a very interesting game you should look it up!).
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.
I come to this Go club every Monday and practice Go.
I took a souvenir picture in front of the historic Go institution.
My mother always pulls up in front of the Go hall and drops me off.