Trust Fund 1211
Resolution text
Resolved, That Trust Fund # 1211, Christ Episcopal Church - Albemarle be established as an investment account for Christ Episcopal Church in Albemarle, NC, which may withdraw principal and/or income upon request, and may add to the principal at its discretion.
Explanation
Trust Fund # 1211 Christ Episcopal Church - Albemarle (2019)
This fund was established with $50,000.00 as an investment account by Christ Episcopal Church in Albemarle, NC. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Christ Episcopal Church in Albemarle, NC.) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.