Chadwick’s New Storm Shelter Returns “Double-Bottom Line.”

Chadwick Schools’ new classroom/storm shelter building will be the CFO’s second completed Mission-Related Investment project when the facility opens this fall.

With more than 4,000 square feet, the building will house two classrooms and a large entryway into the gym that can accommodate not only the entire student body, but also serve as a community storm shelter if an event is taking place when severe weather hits.

The project came about after Chadwick received some federal grant money, but then lost a no-tax increase bond election in November 2008 by a couple of votes. CFO President Brian Fogle saw news reports about the election and thought the project would be a good candidate for the new MRI program, in which a portion of CFO assets are invested directly into communities through low-interest loans that create a “double-bottom line.”

The Chadwick news release explains more about the project.

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