Trust Fund # 1346 – Episcopal Church of the Ascension Trust Fund
Resolution text
Resolved, that Trust Fund # 1346, Episcopal Church of the Ascension Trust Fund, be established as an investment account for Episcopal Church of the Ascension in Hattiesburg, MS, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1346 – Episcopal Church of the Ascension Trust Fund (2024)
This fund was established with $130,000.00 as an investment account by Episcopal Church of the Ascension in Hattiesbug, MS. 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 Ascension in Hattiesburg, MS) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.