Endowment Overview
In addition to annual grant funding of about $100,000, Chatham Education Foundation (CEF) established an endowment to address increasing strains on the School District of the Chathams. A Permanent Endowment, by producing a reliable stream of income, will bring increased stability and longevity to grant funding, as well as the ability to increase the absolute level of grants. A Term Endowment will help the School District of the Chathams deal with inevitable budget shocks resulting from unpredictable New Jersey State funding levels. We hope that CEF’s donors will contribute to the endowment and continue their history of strong philanthropic support for our schools.
Matching Gift Campaign
Chatham Education Foundation is proud to officially announce the new 30th Anniversary Endowment Campaign. Our Endowment recently surpassed the $1,500,000 mark and our long-term goal is to reach $4,000,000. In celebration of the new campaign, Chatham Education Foundation is excited to announce four matching gift offers for as long as matching funds last:
• An endowment pledge of $15k, funded over five years, will attract a $5k match
• An endowment pledge of at least $20k, funded over five years, will attract a 1:1 match
• An unrestricted endowment pledge of at least $20k, funded over two years, will attract a 2:1 match
• An unrestricted endowment pledge of at least $20k, funded over one year, will attract a 3:1 match
The minimum Named Endowment gift is $15,000. To learn more about the new endowment campaign, please contact Alan or Kristine at endowment@chathamedfoundation.org.
Example:
A $15,000 gift paid at $3,000/year over five years will become a $20,000 endowment. A $20,000 unrestricted gift paid within one year will become a $80,000 endowment.
Company matching gifts are counted in computing the endowment gift. So, if your company will match your tax-deductible gifts to Chatham Education Foundation, a $10,000 personal gift can become a $80,000 endowment in your family's name!
