Trust Fund #1344 – St. Mark’s Episcopal Church Endowment – General Fund
Resolution text
Resolved, that Trust Fund # 1344, St. Mark’s Episcopal Church Endowment – General Fund, be established as an investment account for St. Mark’s Episcopal Church of Palo Alto in California, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
This fund was established with $415,000.00 as an investment account by St. Mark’s Episcopal Church of Palo Alto, CA. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (St. Mark’s Episcopal Church of Palo Alto, CA) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.