Trust Fund 1296, Grace Church Earnings Fund
Resolution text
Resolved, that Trust Fund # 1296, Grace Church Earnings Fund, be established as an investment account for Grace Protestant Episcopal Church in Jamestown, ND, which may withdraw principal and/or income upon request, and may add to the principal at its discretion.
Explanation
Trust Fund # 1296 Grace Church Earnings Fund (2021)
This fund was established with $250,000.00 as an investment account by Grace Protestant Episcopal Church in Jamestown, ND. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Grace Protestant Episcopal Church in Jamestown, ND) 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 $250,000.00 como una cuenta de inversión por la Iglesia Episcopal Protestante de la Gracia en Jamestown, ND. 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 (Grace Protestant Episcopal Church de Jamestown, ND) 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