Presbytery of Northwest Coast

Miriam Snow Mathes Internship Memorial Fund-39843

Beneficiary location:

Everett, WA

Account number: 102240100617

Designated Use

The Miriam Snow Mathes Internship Fund, established by Miriam Snow Mathes is permanently held and invested with the Presbyterian Church (U.S.A.) Foundation. Income from the Fund is to be paid to the Presbytery of North Puget Sound, or its successors, to be used only in support of one or more seminary students, to have internship experiences of up to one year in local congregations within the bounds of the Presbytery of North Puget Sound. The awards are to be made at the sole discretion of the Presbytery of North Puget Sound, by such procedures as said Presbytery shall determine from time to time, and shall be in response to applications by local congregations, except that seminary students receiving support must be under the care of a Presbytery of the Presbyterian Church (U.S.A.). Typically the award shall be in support of persons during their seminary years, but at the sole discretion of said Presbytery, awards may be made to persons for the period immediately prior to the commencement of their seminary studies, or immediately following completion of their seminary studies.This Fund is to be known as the Miriam Snow Mathes Internship Fund and award recipients are to be known as Miriam Snow Mathes Interns.The Presbytery of North Puget Sound is not obligated to expend any or all of said income each year, but may retain some or all of the income for one or more years, either in order to accumulate a larger sum of money for subsequent award, or in the event that there is not a sufficient number of suitable seminary candidates or of appropriate applications from congregations in any given year or years. It is the hope of the donor that both the congregation and the intern will derive benefit from the internship.The awards are outright grants, not loans, and there is no requirement or expectation of repayment. However, it is the hope of the donor that both the interns and the congregations involved will be informed that the principal of the Miriam Snow Mathes Internship Fund may at any time be increased by gifts from any person, or church, or organization.