Does a Chapter Support Fund receive investment earnings?

Yes. Type A funds are invested in the Foundation’s long-term investment portfolio and credited a pro rata share of the investment performance.

Type B funds seek the preservation of principal in the short-term and the assets are invested in low risk, fixed income investments.

How much money is available for the chapter to spend?

It depends on the fund…

Type A funds are endowed, and the payout is set by the board of directors – currently 4%. For every $10,000 in the fund, approximately $400 will be available for the chapter’s use.

With type B funds, grants are approved up to four times a year, and there is no limit so long as the distribution is used for exclusively educational purposes.

What is a Chapter Support Fund (CSF)?

A CSF is a restricted fund administered by the Educational Foundation. It aims to assist a chapter with its educational needs. There are generally two types of funds, endowed and temporarily restricted. We refer to these as Type A funds and Type B funds.

Endowed funds (Type A) are a permanent asset of the Educational Foundation restricted for use for a specific chapter. An endowed fund provides funding from investment returns and the corpus is never spent.

Temporarily restricted funds (Type B) seek the preservation of principal in the short-term so the assets are invested in low risk, fixed income investments. These funds grant support for educational purposes, traditionally used by house corporations to build or renovate a chapter house.