Trust Fund #1159.01
Resolved, That Trust Fund # 1159.01, the Edward Jr. & Carol Cowell Fund, be established as an investment account for All Saints Episcopal Church in Southern Shores, NC, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Trust Fund # 1159.01 Edward Jr. & Carol Cowell Fund (2019)
This fund was established with $125,555.21 which was transferred from trust fund # 1159 as an investment account by All Saints Episcopal Church in Southern Shores, NC. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (All Saints Episcopal Church in Southern Shores, NC) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.