St Joseph Educational Tr Fund Paris Arkansas

Saint Joseph Education Trust was established to create, maintain, and manage an identifiable fund which provides support to Saint Joseph Catholic School in Paris, Arkansas. The trust is intended to provide supplementary source of funding that may be necessary to address immediate specific needs of the School.The Trust can invest its funds as the Trustees see fit. Trust distributions to support the School may be made to address immediate specific needs of the School, with a maximum distribution being 3.5 percent of the three year rolling average of the year end ending value of the Trust, subject to approval of the Trustee who is the canonical Pastor of the Parish.The Trust can make distributions to the School on its own volition or after considering funding requests from the School.