First Presbyterian Church

Schreiner Family Scholarship Fund

Beneficiary location:

East Moline, IL

Account number: 102240101238

Designated Use

The Foundation shall reinvest all net income into principal so that net income becomes principal until principal reaches the sum of five thousand dollars ($5,000.00). Thereafter, the Foundation shall pay the net income therefrom quarterly (hereinafter the 'Net Income') after the expiration of each calendar quarter (or at any other regular time interval as established by the Board of Trustees of the Foundation from time to time) to First Presbyterian Church, 777-25th Avenue, East Moline, IL 61244-2834, (hereinafter the 'Beneficiary') for higher education scholarships to be administered by the church.