Trust Fund 1291 – Reserve Funds
Resolution text
Resolved, that Trust Fund # 1291, Reserve Funds, be established as an investment account for St. Mark’s Episcopal Church in Starke, FL, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1291 Reserve Funds (2021)
This fund was established with $60,000.00 as an investment account by St. Mark’s Episcopal Church in Starke, FL. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but, as custodian, is providing the owner (St. Mark’s Episcopal Church in Starke, FL) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.
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Este fondo fue establecido con $60,000.00 como una cuenta de inversión por la Iglesia Episcopal de San Marcos en Starke, FL. Se trata de un fondo de tipo de custodia, lo que significa que la DFMS no es fiduciaria de estos fondos, sino que, como custodio, está proporcionando al propietario (la Iglesia Episcopal de San Marcos en Starke, FL) acceso a la gestión de inversiones a través de la dotación de la DFMS. El propietario puede añadir o retirar fondos principales a su discreción.
Traducción con DeepL