Trust Fund 1313 - EHMI Endowment Fund
Resolution text
Resolved, that Trust Fund # 1313, EHMI Endowment Fund, be established as an investment account for El Hogar Ministries, Inc, Woburn, MA, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1313, EHMI Endowment Fund (2022)
This fund was established with $64,462.28 as an investment account by El Hogar Ministries, Inc, Woburn, MA. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but, as custodian, is providing the owner (El Hogar Ministries, Inc, Woburn, MA) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.