Endowment gifts may be used to establish a special endowment fund as described below, or may be added to an existing endowment fund.

Persons interested in establishing a named endowment fund are encouraged to consult with the Executive Director, or the Director of Development, prior to making the gift so that the donor’s intentions are appropriately established in writing.

In designating an endowment gift for a specific purpose, the donor is encouraged to (1) describe that purpose as broadly as possible; (2) avoid detailed limitations; and (3) provide an “escape” clause granting Chatham Academy freedom to make use of designated funds in a manner most consistent with the intent of the donor and with the interests of Chatham Academy.