Trust Fund # 1275, Mallery Bequest Fund
Resolution text
Resolved, that Trust Fund # 1275, Mallery Bequest Fund be established as an investment account for The Episcopal Church of St. Anne in Stockton, CA, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1275 Mallery Bequest Fund (2021)
This fund was established with $250,000.00 as an investment account by the Episcopal Church of St. Anne in Stockton, CA. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (The Episcopal Church of St. Anne in Stockton, CA) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.