The CMS endowment fund is at approximately $1.35 million. A commitment
has been made to start using the income generated by the endowment once
the principal reaches $1.5 million. It is therefore now necessary to
develop both guidelines for the use of the income and a strategy to ensure
an ongoing revenue stream from the income. The first of these tasks will
be done by the ad hoc Committee on the CMS Endowment Fund, and the second
by the Finance Committee.