First Presbyterian Church

Donald R. and Carol P. Lovett Mission Enhancement Fund

Beneficiary location:

Hendersonville, NC

Account number: 102240101837

Designated Use

To provide additional support for the benevolence program of the church, contingent upon the church's maintaining a level of general benevolence giving equal to at least 20% of the actual disbursements from the General Operating Fund Budget in each previous year. 75% of the annual distribution is to support world mission and 25% to local missions. Income distributions will be made annually by the Foundation upon receipt of written notification from the church during the first quarter of each year that the church during the prior year has distributed General Benevolence giving an amount equal to at least 20 percent of the actual disbursement for the General Operating Fund Budget. If the 20 percent condition is not met or if the Foundation does not receive the required certification from the church, the income shall not be distributed but rather be reinvested in the principal of the Fund.