New Custodial Trust Fund 1262 – Holy Innocents Endowment Account
Resolution text
Resolved, that Trust Fund # 1262, Holy Innocents Endowment Account, be established as an investment account for Holy Innocents Episcopal Church, San Francisco, CA, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1262, Holy Innocents Endowment Account (2020)
This fund was established with $400,000.00 as an investment account by Holy Innocents Episcopal Church in San Francisco, CA. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Holy Innocents Episcopal Church in San Francisco, CA) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.