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Rationale
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.
