Trust Fund #1209
Resolution text
Resolved, That Trust Fund # 1209, Grace Preschool, be established as an investment account for benefit of Millbrook Community Preschool at Grace Church in Millbrook, NY, which may withdraw principal and/or income upon request and may add to the principal at its discretion.
Explanation
Trust Fund # 1209 Grace Preschool (2019)
This fund was established with $5,000.00 as an investment account by Grace Church in Millbrook, NY, for benefit of its Millbrook Community Preschool. This is a custodial-type fund, meaning that DFMS is not trustee for these funds but as custodian is providing the owner (Grace Church in Millbrook, NY) with access to investment management through DFMS endowment. The owner may add to or withdraw principal funds at its discretion.