36
Annual Report 2017 – 2018
Financials
Crofton House School
Foundation Financials
The Crofton House School Foundation manages
financial endowments and restricted funds for
the ongoing support of Crofton House School.
The income from the funds managed by the
Foundation is distributed for the purpose of CHS
bursaries, scholarships and awards. This year, the
Foundation received a $3 million donation from
Dr. Sherman Jen: $1 million in support of
the School’s strategic Bursary Program and
$2 million in support of the School’s other
strategic priorities.
The Foundation has received a clean audit opinion
from KPMG.
Revenues $3.4m Expenses $0.3m
$3.0m $0.2m
Donations (88.2%) Bursaries & Scholarships (66.7%)
$0.4m $0.1m
Investment income (11.8%) Investment management,
administrative services and
professional fees (33.3%)
What we own
$8.3m How we paid for it
$8.3m
$8.3m $3.6m
Investments (100%) Endowment Funds (43.4%)
$3.0m
Restricted Funds (36.1%)
$1.7m
General Unrestricted Fund (20.5%)
Crofton House School
Foundation
> > Registered charitable organization
> > Board of Governors
> > Independent 3rd party audited
financial statements
> > Investment entity
Financial objective:
> > To act as an investment manager
of endowed and restricted funds