TrusT Funds Book 2009 - Episcopal Church

Number Name/Description Type
Princ.
Restr.
Inc. Income
Restr. Class
Shares
12/31/09
Mkt. Value
12/31/08
Mkt. Value
12/31/09
59.00 M.F.M. Memorial Scholarship
(1887) Gift, A Special
Trustee Donor R 8 365.618 $5,860 $6,556
This gift was originally to endow a memorial scholarship at St. Agnes' School
in Osaka, later Kyoto, Japan. Income to the Province of Japan for further
disbursement to St. Agnes' School.
60.00 Missionary Enrollment Fund
(1887) Gift
Endowment Board UN 200 62,924.117 $955,576 $1,128,364
Laymen's Centennial Thank Offering. This fund was raised by a group of
laymen in the year 1886. Income until further action of the Directors for the
support of the work of the Society.
61.00 Morris, George C., Scholarship
(1887) No. 1, A Special
Trustee Donor R 100 539.566 $8,194 $9,676
This fund was originally given to endow an Indian scholarship at St. John's
School (a girl's school) in Cheyenne Agency, Dakota. St. John's School closed
in 1937. Income restricted to scholarship assistance for American
Indians/Native Americans.
62.00 Saul, The Rev. James D.D.,
Philadelphia, PA (1887) No. 2, Gift
of, A Special
0 $0
This fund was originally directed "to be held for the purpose of establishing
or adding to the endowment for the support of the episcopate of certain
missionary districts whenever one of them shall be admitted into union with
General Convention as a diocese upon the following basis of division: Onehalf
share each - South Dakota, North Dakota." Accordingly, the fund has
been closed.
63.00 Ridout, Samuel, Memorial
Scholarship (1887) A Special
Endowment Donor R 225 899.265 $13,656 $16,126
This fund was originally to fund a medical scholarship at St. John's College,
Shanghai. Since 1951, the income has been used for work among the Chinese
of the Dispersion.
64.00 Tweddle, Ann Eliza, Deposit Trustee Unrestr. UN 120 $0
(1887) Reserve Deposit Fund
This fund resulted from an unrestricted bequest to the Society of the
decedent's residuary estate; the money was set aside under "Reserve Deposit
Funds" by action of the Board of Directors for the purpose of protecting the
credit of the Society. [Historical note: In December 1968, the Executive
Council authorized the Treasurer to withdraw a total of up to $1 million from
5 specific trust funds (Nos. 46, 64, 107, 700 and 745) to be set up in a
separate account for investing in enterprises to assist minority groups.] Since
November 1989 this fund has been part of what is now called the Economic
Justice Loan Fund (see Treasurer's Report), which consists of unrestricted
DFMS endowment funds set aside by Executive Council for the purposes of
socially-responsible investment, in response to Resolution C-030a of the 1988
General Convention.
Trust Funds Report 2009
27
Trust Funds Report 2009 27