Endowment funds are financial assets that generate income. While the principal of each fund remains untouched, part of the income generated can provide a source of revenue. This revenue may be used to cover operating expenses or be reinvested for future benefit.
Chatham Day School created its first endowment fund in 2007, through the generous foresight of one of our families, and the revenue from it is currently underwriting faculty professional development programs. Increasing the endowment fund is a strategic priority.
In the 2014-15 school year, two additional endowments were established to support and further the impact the CDS Scholars Fund is able to make at Chatham Day School:
The Dr. Pamela Canada Fiander Endowment Fund for CDS Scholars with an initial value of $20,000
The Sonja Hansen Rickert Family Scholarship Fund Endowment with an initial gift of $30,000
We are grateful to the many individuals who collectively donated to these funds.