Trust Fund 1307 - Permanent Endowment of St. Paul’s Episcopal Church of Brooklyn NY (2022)
Resolution text
Resolved, that Trust Fund # 1307, Permanent Endowment of St. Paul’s Episcopal Church of Brooklyn, NY, be established as an investment account for St. Paul’s Episcopal Church in Brooklyn, NY, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1307, Permanent Endowment of St. Paul’s Episcopal Church of Brooklyn NY (2022)
This fund was established with $118,946.51 as an investment account by St. Paul’s Episcopal Church in Brooklyn, NY. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (St. Paul’s Episcopal Church in Brooklyn, NY) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.