Trust Fund # 1289, Christ Church Former CD Acct.
Resolution text
Resolved, that Trust Fund # 1289, Christ Church Former CD Acct. be established as an investment account for Christ Episcopal Church – Lexington of Lexington, MO, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1289 - Christ Church Former CD Acct. (2021)
This fund was established with $42,500.00 as an investment account by Christ Episcopal Church – Lexington of Lexington, MO. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Christ Episcopal Church – Lexington of Lexington, MO) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.