CROFTON HOUSE SCHOOL FOUNDATION FINANCIALS
$ 1.7m
$ 0.5m
$ 0.8m
$ 0.4m
$ 0.2m
$ 0.1m
$ 14.0m
$ 6.5m
$ 5.4m
$ 2.1m
32
Annual Report 2023 – 2024
CROFTON HOUSE SCHOOL FOUNDATION FINANCIALS
The Crofton House School Foundation was established in 1980 to manage endowment and restricted funds for the ultimate benefit of the School . The Foundation is responsible for investing endowments and restricted and general funds for bursaries , scholarships and awards . It also supports CHS programs and strategic priorities through the Dr . Sherman Jen donation .
During the year , the Foundation received $ 1.7 million in donation revenue .
REVENUES $ 3.0M
$ 1.7m
Donations ( 56.7 %)
$ 0.5m
Investment Income & Gain on Sale of Investments ( 16.6 %)
$ 0.8m
Unrealized Gain on Investments ( 26.7 %)
Excess of Revenues Over Expenses $ 2.3M
EXPENSES $ 0.7M
$ 0.4m
Programs & Strategic Priorities ( 57.1 %)
$ 0.2m
Bursaries & Scholarships & Administrative Services ( 28.6 %)
$ 0.1m
Investment Management & Professional Fees ( 14.3 %)
CROFTON HOUSE SCHOOL FOUNDATION
> Registered charitable organization
> Board of Directors
> Independent third-partyaudited financial statements
> Investment entity , whereby the School is the sole member of the Foundation
Financial Objective :
> To act as an investment manager of endowed and restricted funds
WHAT WE OWN $ 14.0M
$ 14.0m
Cash & Investments ( 100.0 %)
HOW WE PAID FOR IT $ 14.0M
$ 6.5m
Restricted Funds ( 46.4 %)
$ 5.4m
Endowment Funds ( 38.6 %)
$ 2.1m
General Fund ( 15.0 %)