New this year, CLIPCO is separating our finances into two funds: 1) the CLIP General Fund, and 2) the CLIP Capital Fund. The purpose behind this move is to provide greater transparency into how donations are used, as well as develop a stronger relationship with parents, alumni, and other donors who are invested in the future of bi-lingual education in the Bay Area.
All expenses are reviewed and approved by the CLIPCO board of directors on an annual basis and as new expenses come in. In cases of surplus, money in the general fund may be diverted to capital projects. However, capital fund dollars can only be used for capital projects outside the normal CLIP annual budget.
New in 2024, we will send a Capital Fund newsletter detailing our latest progress, initiatives, and focus areas for improvement to the CLIP program. The newsletter will be emailed to all donors who have contributed to the fund.
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