Trust Fund 1308 - St. Andrew’s Episcopal Church Endowment (2022)
Resolution text
Resolved, that Trust Fund # 1308, St. Andrew’s Episcopal Church Endowment, be established as an investment account for St. Andrew’s Episcopal Church of Boca Grande Inc. in Boca Grande, FL, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1308, St. Andrew’s Episcopal Church Endowment (2022)
This fund was established with $1,721,604.66 as an investment account by St. Andrew’s Episcopal Church of Boca Grande Inc. in Boca Grande, FL. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (St. Andrew’s Episcopal Church of Boca Grande Inc. in Boca Grande, FL) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.