Sharon Community Presbyterian Church

Sharon Community Presbyterian Church Emergency Assistance Fund

Beneficiary location:

Moon Township, PA

Account number: 102240000748

Designated Use

The Sharon Community Presbyterian Church shall administer its use of the income from this fund in accordance with the terms of the Resolution adopted by the Session of the Sharon Community Presbyterian Church of Coraopolis, Pennsylvania at its regular meeting on the 7th day of February, 1982, a copy of said Resolution is identified as Exhibit A, which is attached to this agreement and made a part hereof:I. Purpose: It shall be the purpose of this Fund to offer financial assistance to members of the church and community who need help to meet unexpected emergencies. This Emergency Fund is intended to honor the dead by helping the living, with the hope that others will add to it. Gifts could also be added in honor of loved ones still living. II. Assistance: The financial assistance to be so provided will be limited to funds derived from interest or dividend income only. Interest or dividend income, not distributed for such assistance, shall be accrued in a designated reserve account of Sharon Church, and be made available for subsequent distribution as the need arises. Should the total so accrued exceed $1,000.00, any excess shall be applied to the principal amount of the Fund. III. Administration: The Women's Association of Sharon Community Presbyterian Church will determine and oversee the distribution of income produced by this Fund, subject to approval of the Board of Deacons. IV. Treatment of Principal: The principal amount of the Fund will be held intact, and may be augmented by additional bequests, grants, memorials, etc., as endorsed by the Sharon Church Memorial Committee, and approved by the Session. V. Management of the Fund: The Fund will be managed through the United Presbyterian Foundation Endowment Fund Service, with income being remitted to Sharon Community Presbyterian Church.