Trust Fund # 1270 through Trust Fund # 1274 – f/b/o of St. James Episcopal Church, Taos, NM
Resolution text
Resolved, that Trust Fund # 1270 through # 1274 - all prefixed RG, be established as investment accounts for St. James Episcopal Church, Taos, NM, which may withdraw principal and/or income upon request and may add to the principal funds at its discretion.
TF No. Name Amount 1270RG - SJC Taos Music Fund 63,868.19 1271RG – SJC Taos Columbarium 30,670.32 1272RG – SJC Taos Endowment 2,018,120.22 1273RG - SJC Taos Food Pantry 1,235,986.11 1274RG – SJC Taos General Fund 12481.28
3,361,126.12
Explanation
Trust Fund # 1270 through Trust Fund # 1274 (2021) – f/b/o St. James Episcopal Church, Taos, NM
Five (5) Trust Funds were established with a combined total of $3,361,126.12 as investment accounts for St. James Episcopal Church, Taos, NM. These trust funds are identified as Trust Fund 1270 through Trust Fund 1274 followed by the fund names.
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 (St. James Episcopal Church, Taos, NM) with access to investment management through DFMS Endowment. The owner may add to or withdraw principal funds at its discretion.