Trust Fund # 1292, St. Augustine’s Kansas City Fund
Resolution text
Resolved, that Trust Fund # 1292, St. Augustine’s Kansas City Fund, be established as an investment account for St. Augustine’s Episcopal Church in Kansas City, MO, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1292 St. Augustine’s Kansas City Fund (2021)
This fund was established with $583,000.00 as an investment account by St. Augustine’s Episcopal Church in Kansas City, MO. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but, as custodian, is providing the owner (St. Augustine’s Episcopal Church in Kansas City, MO) 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 $583,000.00 como una cuenta de inversión por la Iglesia Episcopal de San Agustín en Kansas City, MO. Se trata de un fondo de tipo custodial, lo que significa que la DFMS no es fiduciaria de estos fondos, sino que, como custodio, proporciona al propietario (la Iglesia Episcopal de San Agustín de Kansas City, MO) acceso a la gestión de las inversiones a través de la dotación de la DFMS. El propietario puede añadir o retirar fondos principales a su discreción.
Traducción con DeepL