Trust Fund # 1324 - Episcopal Church of the Holy Comforter General Endowment Fund
Resolution text
Resolved, that Trust Fund # 1324, Episcopal Church of the Holy Comforter General Endowment Fund, be established as an investment account for the Episcopal Church of the Holy Comforter in Burlington, NC, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1324, Episcopal Church of the Holy Comforter General Endowment Fund (2022)
This fund was established with $368,493.83 as an investment account by the Episcopal Church of the Holy Comforter in Burlington, 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 Holy Comforter in Burlington, NC) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.