Trust Fund 1315 – Episcopal Church of the Incarnation Ackerman Fund
Resolution text
Resolved, that Trust Fund # 1315, Episcopal Church of the Incarnation Ackerman Fund be established as an investment account for the Episcopal Church of the Incarnation in Highlands, NC, which may withdraw principal and/or income upon request, and may add to the principal at its discretion.
Explanation
This fund was established with $25,000.00 as an investment account by the Episcopal Church of the Incarnation in Highlands, NC. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Episcopal Church of the Incarnation in Highlands, NC) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.
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Este fondo fue establecido con $25,000.00 como una cuenta de inversión por la Iglesia Episcopal de la Encarnación en Highlands, NC. Se trata de un fondo de tipo custodial, lo que significa que la DFMS no es fiduciaria de estos fondos, sino que, como custodio, proporciona al propietario (la Iglesia Episcopal de la Encarnación en Highlands, NC) acceso a la gestión de inversiones a través de la dotación de la DFMS. El propietario puede añadir o retirar fondos principales a su discreción.
Traducción de DeepL