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Presbyterian Church (U.S.A.), A Corporation
The Reverend Arthur T. Taylor Memorial Educational Fund | 203100057361
Excerpt of the procedures for the Reverend Arthur T. Taylor Memorial Educational Fund (“Fund”) upon receipt of the no objection to the proposed changes letter by the Office of the Indiana Attorney General dated June 29, 2022: 1. It will be the privilege of the congregations, or of individuals, of the Marston, Marks Creek, Rourk and McLean Presbyterian Churches to make contributions in any amounts to be added to the principal of this Fund. NOTE: As of November 1, 2016, Marks Creek Presbyterian Church remains the sole “Priority Church” under the agreement. Marston Presbyterian Church dissolved effective October 31, 2016. Rourk Presbyterian Church and McLean Presbyterian Church are no longer affiliated with the PCUSA as of 7/21/2012 as they were dismissed to the Evangelical Presbyterian Church. 2. The Fund shall be known as THE REVEREND ARTHUR T. TAYLOR MEMORIAL EDUCATIONAL FUND. 3. Upon receipt of the Office of Indiana Attorney General letter as of June 29, 2022, any reference to the information as outlined in paragraphs 3 and 4 of the letter dated April 7, 1966 are deleted in their entirety and the gift instrument is modified as follows: Reassignment of duty to seek scholarship nominations: The Foundation modified the restrictions on the Fund by reassigning the duty to seek nominations, make awards, and generally manage the Reverend Arthur T. Taylor scholarship program to the Presbyterian Mission Agency (“PMA”) and its agents, successors, and/or assigns. The Foundation further modified the restrictions on the Fund to permit it to make the spendable funds available to PMA (and its agents, successors, and/or assigns) to manage the scholarship program established in honor of Reverend Arthur T. Taylor. Clarification of the pool of potential scholarship applicants: The Foundation confirmed that the restriction on the Fund includes the preference to all students pursuing postsecondary education within the Presbytery of Charlotte geographic area in the event there are no viable candidates from Marks Creek Presbyterian Church as the sole remaining Priority Church. In other words, the Foundation clarified the restriction to provide that, while viable candidates from Marks Creek Presbyterian Church would still be given first preference, preference also will be given to students in the Presbytery of Charlotte when there are no viable candidates from Marks Creek Presbyterian Church. Unused income available for future scholarship awards if no qualified candidate selected by the PMA, or its successors: Beginning on June 29, 2022 (the date of IN AG’s approval letter), the Foundation modified the restrictions on the Fund to permit any unused income to be accumulated as spendable funds (rather than added to principal) so that such funds may be disbursed in subsequent years to provide a more consequential and helpful award to students.
Fund DetailFirst Presbyterian Church
Dr. Henry D. and Jean Barker Family Endowment | 102240000164
Income will be reinvested back into principal to become part of the principal until the Presbyterian Foundation is notified of the death of John H. Barker or until the principal market value of this fund reaches $50,000.00, whichever comes first. This fund was established in honor of my parents Dr. Henry D. and Jean Barker and the formative years I and my siblings George, Paul and Sarah spent growing up in the church, I am pleased to set up this permanent endowment. The income from this fund is 80% unrestricted and 20% to supplement building and grounds maintenance. That said, our parents and family had special interests in the following: education, housing, missions, music and community outreach.
Fund DetailGeneral Assembly of the Presbyterian Church (U.S.A.)
Charles H. and Elizabeth M. Martin Fund | 201100203183
to be used for such purposes as its General Assembly shall in its wisdom direct to further the Christian Program of the Church.
Fund DetailPresbyterian Church (U.S.A.), A Corporation
Zeb Vance and Myrtle Brotherton Memorial Fund-39519 | 203100203197
to the World Wide Ministries Division, or its successor, of the Presbyterian Church (U.S.A.), for foreign mission work.
Fund DetailPresbyterian Church (U.S.A.), A Corporation
Special Offerings - 203159 | 203102203159
Equal amounts to each offering.
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