Request from The Episcopal Church in Liberia - Trust Fund Class 9
Resolution text
Resolved, That, upon receiving written request from the Rt. Rev. Jonathan B. Hart and the Standing Committee of the Episcopal Church of Liberia (ECL), the Executive Council authorizes that $10,500 from Trust Funds 351.00 and 423.02 be distributed to ECL; and be it further
Resolved, That the Executive Council extends its prayers for the health of the Bishop.
Explanation
In a letter received on January 6, 2020, Bishop Hart presented a request for a special withdrawal to address additional operational needs.
Class | TF# | Trust description and purpose | 12/31/2019 Market Value | Accumulated Appreciation | Purpose | Request |
9 | 351.00 | Income to be paid to the Bishop of Liberia (apart from and in additional to whatever regular appropriation may be made by the said Society for the Church's work in Liberia), to be applied by him at his discretion…." | 46,063.09 | 11,496.52 | Bishop's discretion | 7,500.00 |
9 | 423.02 | In memory of her husband. General William R. Pease, and her son, Robert William Pease. One-half of the income to go to the work in Alaska [Trust Fund No. 423.01] and the remaining one-half to the work in Liberia [Trust Fund No. 423.02].Income to be "devoted to the work in Liberia, under the direction of the Bishop there as to where the need may be greatest". | 12,136.24 | 8,808.52 | Bishop's discretion | 3,000.00 |