Trust Fund 1310 RG – Bosque Proceeds
Resolution text
Resolved, that Trust Fund # 1310, RG – Bosque Proceeds, be established as an investment account for the Diocese of the Rio Grande in Albuquerque, NM, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1310 RG – Bosque Proceeds (2022)
This fund was established with $200,000.00 as an investment account by the Diocese of the Rio Grande in Albuquerque, NM. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Diocese of the Rio Grande in Albuquerque, NM.) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.