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.
