Thank you for the question.
To clarify, the research chair that I hold was an endowment that started to be developed between 2000...and was ultimately posted as an application on the Canadian Institutes of Health Research website. The endowment funds came from the Canadian Institutes of Health Research, the Dalhousie Medical Research Foundation, the department of pediatrics, several other smaller charitable agencies, as well as GlaxoSmithKline.
With an endowed chair, the money goes to the holder of the chair, which is Dalhousie University. The funds that arise from the endowment are then used to support research.