Trust Fund # 1220 through # 1228 - Rio Grande Investments
Resolution text
Resolved, That Trust Funds # 1220 through # 1228 - all prefixed Rio Grande, be established as investment accounts for the Diocese of the Rio Grande in Albuquerque, NM, which may withdraw principal and/or income upon request, and may add to the principal funds at its discretion.
TF # | Trust Fund Name | Amount | Beneficiary |
1220 | RG – Bishop’s Ridge Growth Fund | $495,603.35 | Diocese of the Rio Grande |
1221 | RG – Bosque Center Growth Fund | $930,223.23 | Diocese of the Rio Grande |
1222 | RG – Deanery Reserve | $9,995.93 | Diocese of the Rio Grande |
1223 | RG – Diocesan Tithe | 6,098.60 | Diocese of the Rio Grande |
1224 | RG – Future Mission Development | $1,840.41 | Diocese of the Rio Grande |
1225 | RG – Grace Camp | $41,952.35 | Diocese of the Rio Grande |
1226 | RG – Bishop Howden Fund | $1,701.37 | Diocese of the Rio Grande |
1227 | RG – Indian Ministry | $29,642.40 | Diocese of the Rio Grande |
1228 | RG – Native American Trust | $2,387.37 | Diocese of the Rio Grande |
Explanation
Trust Fund # 1220 through Trust Fund # 1228 – Diocese of the Rio Grande Pooled Investment Fund
Nine (9) Trust Funds were established with a combined total of $1,519,445.01 as investment accounts for the Diocese of the Rio Grande (identified in the attached schedule). These trust funds will be identified as Trust Fund 1220 ... up to Trust Fund 1228 followed by the fund names provided by the Diocese of the Rio Grande.
These are custodial-type funds, meaning that Domestic and Foreign Missionary Society is not trustee for these funds but, as custodian, is providing the owner (Diocese of the Rio Grande) with access to investment management through DFMS Endowment. The owner may add to or withdraw principal funds at its discretion.