Trust Funds 1303.01-1303.04 for St. George’s Episcopal Memorial Church in Bismarck, ND)
Resolution text
Resolved, that Trust Fund # 1303.01 through # 1303.04 be established as investment accounts for St. George’s Episcopal Memorial Church in Bismarck, ND, which may withdraw principal and/or income upon request and may add to the principal funds at its discretion.
Explanation
Trust Fund # 1303.01 through Trust Fund # 1303.04 for St. George’s Episcopal Memorial Church (2022)
Four (4) Trust Funds were established with a combined total of $461,157.60 as investment accounts for St. George’s Episcopal Memorial Church in Bismarck, ND. These trust funds will be identified as Trust Fund 1303.01 ... up to Trust Fund 1303.04 followed by the fund names as provided St. George’s Episcopal Memorial Church.
These are custodial-type funds, meaning that Domestic and Foreign Missionary Society is not trustee for these funds but, as custodian, is providing the owner (St. George’s Episcopal Memorial Church in Bismarck, ND) with access to investment management through DFMS Endowment. The owner may add to or withdraw principal funds at its discretion.