Trust Fund # 1287, Beam Family Operating Fund
Resolution text
Resolved, that Trust Fund # 1287, Beam Family Operating Fund be established as an investment account for Trinity Episcopal Church in Staunton, VA, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1287 Beam Family Operating Fund (2021)
This fund was established with $150,000.00 as an investment account by Trinity Episcopal Church in Staunton, VA. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Trinity Episcopal Church in Staunton, VA) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.