Trust Fund 1303 - Funds of St. George’s (2021)
Resolution text
Resolved, that Trust Fund # 1303, Funds of St. George’s be established as an investment account for St. George’s Episcopal Memorial Church in Bismark, ND, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1303, Funds of St. George’s (2021)
This fund was established with $981,332.24 as an investment account by St. George’s Episcopal Memorial Church in Bismark, ND. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (St. George’s Episcopal Memorial Church in Bismark, ND) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.
Fondo Fiduciario # 1303, Fondos de St. George's (2021)
Este fondo fue establecido con $981,332.24 como una cuenta de inversión por la Iglesia Episcopal Memorial de San Jorge en Bismark, ND. George's Episcopal Memorial Church de Bismark, 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 (St. George's Episcopal Memorial Church de Bismark, 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.