Trust Fund #1263 – Marion Mackie Fund, St. George Episcopal Church – Jacksonville, FL
Resolution text
Resolved, That Trust Fund # 1263, Marion Mackie Fund be established as an investment account for St. George Episcopal Church in Jacksonville, FL, which may withdraw principal and/or income upon request, and may add to the principal at its discretion.
Explanation
Trust Fund # 1263 Marion Mackie Fund (2020)
This fund was established with $50,000.00 as an investment account by St. George Episcopal Church in Jacksonville, FL. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (St. George Episcopal Church in Jacksonville, FL) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.