Trust Fund # 1290, St. John The Divine, Costa Mesa, CA Investment Fund
Resolution text
Resolved, that Trust Fund # 1290, St. John The Divine, Costa Mesa, CA Investment Fund be established as an investment account for St. John The Divine Episcopal Church of Costa Mesa, CA, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1290 - St. John The Divine, Costa Mesa, CA Investment Fund (2021)
This fund was established with $1,416,953.44 as an investment account by St. John The Divine Episcopal Church of Costa Mesa, CA. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (St. John The Divine Episcopal Church of Costa Mesa, CA) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.