Muskingum University

Endowment for A Chair in Religion at Muskingum College Fund

Beneficiary location:

New Concord, OH

Account number: 102240005659

Designated Use

reinvest income back into principal until the principal reaches a value of approximately One Million Dollars ($1,000,000.00) whereas the income received will wholly fund a Chair of Religion as determined by the President of Muskingum College. Once the Fund is large enough, it will be the responsibility of the Session of the Second Presbyterian Church of Newark, Ohio to notify the Foundation to begin paying 95% of the net income to Muskingum College, 3% of income to remain in the corpus of the fund to provide for inflationary increases in the cost of endowing the Chair and 2% to be transferred the Second Presbyterian Church of Newark, Ohio, Endowment Fund managed by the Presbyterian Church (U.S.A.) Foundation. More details are outlined in Appendix A.