Trust Fund # 1338 – Diocese of Lexington ECW
Resolution text
Resolved, that Trust Fund # 1338 – Diocese of Lexington ECW be established as an investment account for the Diocese of Lexington ECW in Kentucky, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1338 – Diocese of Lexington ECW (2023)
This fund was established with $290,000.00 as an investment account by the Diocese of Lexington ECW of Lexington, KY. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Diocese of Lexington ECW of Lexington, KY) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.