Trust Fund # 1320 - Zion Episcopal Clayton Temporarily Restricted Fund
Resolution text
Resolved, that Trust Fund # 1320, Zion Episcopal Clayton Temporarily Restricted Fund, be established as an investment account for Zion Episcopal Church in Manchester, VT, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
This fund was established with $97,020.78 as an investment account by Zion Episcopal Church in Manchester, VT. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Zion Episcopal Church in Manchester, VT) 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 $97,020.78 como una cuenta de inversión por la Iglesia Episcopal Zion en Manchester, VT. 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 Zion en Manchester, VT) acceso a la gestión de las inversiones a través de la dotación de la DFMS. El propietario puede añadir o retirar fondos principales a su discreción.
Traducción de DeepL