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The Child
Nursery Centers receives quarterly income from an endowment established
in 1941 when Alice Bemis Taylor left the Day Nursery Association 100,000
shares of Bemis Bag Company stock. A second distribution of Taylor funds
was made to us in 1974 when the Bemis Taylor Foundation dissolved. The
formula used to determine the income we receive is based on a pre- determined
percentage of a rolling 12 quarters average of the market value of the
endowment.
The CNC Foundation was established in 2000 as a separate non-profit 501(c)(3)
organization and exists solely to support Child Nursery Centers operations.
The Foundation manages all investments. The five member Board of Trustees
includes the President and Treasurer the Child Nursery Centers Board
of Directors
Board of Trustees
William Corrigan, American National Bank
Brian Gilmartin, Nor'Wood
Jan Weiland, Cascade Investment Group
Sandi Yukman, Colorado Springs Utilities
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