Resolves of the Executive Council

Resolved, That Trust Fund 1009, The Phoebe Griswold Education Fund, be established to support the work of the Episcopal Church in furthering the empowerment of women for leadership and achieving gender equality throughout the Anglican Communion;

Resolved, That income be used, at the discretion of the Director of Women’s Ministries and the Director of Mission after consulting with the Treasurer, for seed money and scholarships for events and conferences that a) advance the goals of empowering women for leadership and achieving gender equality, and b) inform and educate women in a global perspective for ministry;

Resolved, That accumulated appreciation and/or principal may be withdrawn at the discretion of the Director of Women’s Ministries and the Director of Mission after consulting with the Treasurer. Beginning in January 2007, the directors may draw undistributed income and appreciation at any time but may only withdraw up to 50% of the principal received as of December 31, 2006 in any year thereafter.