Finances

Endowment Information

The Cannon Fall Education Foundation continues to have a conservative investment strategy for the operating fund and endowment fund.  One-third of new funds raised are added to the endowment. Each year 4% of our endowment is designated to pay for creative and innovative programs within our schools.                        

 Starting Balance:  

 $1,347,914.66

 1/3 Allocated to Endowment:  

$54,723.76

 4% Allocated to Funding:

 (49.331.55)

 Current Balance:   

$1,353,306.87

  
Revenue/Expense Information 
Our operating expenses are kept to a minimum due to the dedicated support of the 24 member all-volunteer board.
 

Fundraiser Profits:    

 $18,161.50
Direct Public Contributions: 


 $12,000.61
 Interest Earned:    


 $47,012.74
 Donated Securities :
Gain / (Loss)

 

Investment:
Gain / (Loss)

$2,156.10

Investment Program Fees:

($7,768.87)

Operating Expenses: 
   

$1,997.04

 Program Funding:


 $82,121.98

(as of February 29, 2020)



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