The Chicago Waldorf School is a self-administered, collaboratively led institution. Its leadership is divided into three groups that assume responsibility for integrated, yet distinct, areas of school governance. The three key leadership bodies are the College of Teachers, the Board of Trustees and the Administration.

The College of Teachers is responsible for the Cultural Realm of the school. It guides the pedagogy and actualizes the mission of the school through teaching, curriculum development, teacher selection, evaluation and mentoring, student selection, strategic planning and mission renewal.

The Board of Trustees is responsible for the Economic Realm of the school. The Economic realm is the area of developing financial resources. The Board caretakes the Mission of the school and holds the College of Teachers and the Administrative Director responsible for accomplishing the Mission. The Board is responsible for the legal, strategic planning, budget approval, fundraising leadership and risk management oversight affairs for the school.

The Administrative Director is responsible for the Rights Realm of the school. The Rights Realm is the area of agreements and equality. The Administrative Director manages and develops resources in service of the Mission of the school. He or she implements policies approved by the College and Board, plans and budgets, manages human resources, supervises implementation of strategic plans, facilitates and ensures the smooth daily operations of the school.