Trust Fund 1294, St. Francis on the Hill Investment Fund
Resolution text
Resolved, that Trust Fund # 1294, St. Francis on the Hill Investment Fund, be established as an investment account for St. Francis on the Hill Episcopal Church in El Paso, TX, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1294 St. Francis on the Hill Investment Fund (2021)
This fund was established with $200,000.00 as an investment account by St. Francis on the Hill Episcopal Church in El Paso, TX. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but, as custodian, is providing the owner (St. Francis on the Hill Episcopal Church in El Paso, TX) 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 $200,000.00 como una cuenta de inversión por la Iglesia Episcopal St. Francis on the Hill en El Paso, TX. 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 Francisco de la Colina en El Paso, Texas) 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 de DeepL