What is an endowment fund?

CHIMA’s endowment fund provides a perpetual grant from investment earnings and is restricted and governed by the Organization’s Board of Directors. Audited annually, the funds are segmented on the balance sheet of the organization, ensuring that the benefits are directed back to the membership. With the positive net income in the organization from Fiscal Year 2023-2024, the board of directors approved a further $20,000.00 investment into the CHIMA endowment fund.