The Ivy Magazine Fall 2023 | Page 66

CHS Foundation

The Crofton House School Foundation is responsible for investing endowments , restricted and general funds for bursaries , scholarships and awards .
The Foundation ’ s role is to support the School and students by providing financial resources to any area of need as determined by the School and always according to the donor ’ s intentions , as outlined in their Terms of Reference .
As at June 30 , 2023
Scholarship Endowed Funds : $ 0.3M General Unrestricted : $ 2.0M
Restricted but Not Endowed : $ 5.1M
TOTAL ASSETS

$ 11.8M

IN THE CHS FOUNDATION
Bursary Endowed : $ 3.2M
Awards and Other Endowed : $ 1.2M
CHS FOUNDATION BOARD OF DIRECTORS
Dr Peter Mortifee , Chair Richard Durrans , Vice-Chair Sophia Brandes , Treasurer Lorne Folick , Secretary
Kristen Kennedy Carolyn Kirkwood , Chair , CHS Board of Governors Daniel Nocente
Raymond So Ross Turnbull Brooke Wade Richard Wood
“ The Foundation exists to serve Crofton House School . We take the wishes of our donors and the responsibility of stewarding their donations in a good way very seriously . And we always ensure that all distributions from the Foundation to the School are aligned with the needs of the School , as determined by its Board of Governors .”
DR PETER MORITFEE , CHAIR , CHS FOUNDATION
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