Trust Fund # 1337 – Rectory Fund
Resolution text
Resolved, that Trust Fund # 1337 – Rectory 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
Trust Fund # 1337 – Rectory Fund (2023)
This fund was established with $739,634.14 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.