Trust Fund #1300 - RG-SJC Taos Patterson Gift
Resolution text
Resolved, that Trust Fund # 1300, RG-SJC Taos Patterson Gift be established as an investment account for St. James Episcopal Church in Taos, NM, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1300, RG-SJC Taos Patterson Gift (2021)
This fund was established with $940,000.00 which was transferred from existing trust fund # 1273 RG-Taos Food Pantry and is an investment account by St. James Episcopal Church in Taos, NM. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (St. James Episcopal Church in Taos, NM) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.