Name change - Trust Fund # 990.00 Trinity Fund, Staunton Virginia (2001)
Resolution text
Resolved, that the name of Trust Fund #990.00 be changed from Trinity Episcopal Church Unrestricted Fund, Staunton, Virginia to Trinity Fund, Staunton Virginia in accordance with Vestry Minutes of May 15, 2023.
Explanation
This fund was established in 2001 with $691,000 as an investment account by Trinity Episcopal Church. Principal and/or income may be withdrawn upon request. This is a custodial-type trust fund, meaning that DFMS is not trustee for these funds but is simply providing the owner (Trinity Episcopal Church) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion. (Note: On December 14, 2006, The Vestry of Trinity Episcopal Church authorized the transfer of a total of 23.1 percent as of 12/31/06 from 990.00 into 990.01, 990.02 and 990.03).
In May 2023, the vestry approved the current name change.