First Presbyterian Church

Ray and Isabel Madison Fund

Beneficiary location:

Baxter, MN

Account number: 102240101930

Designated Use

50% of the income to be used for youth ministries. Youth ministries are defined as programs for Kindergarten through College age, other than traditional Sunday School. Funds are not to be used for salaries, bricks and mortar, furniture and fixtures and other general overhead expenses. By way of example, but not limited to: funds may be used for travel expenses, camp and retreat fees, curriculum, leadership training and other expenses that enable programs and help youth participate in those programs. 50% on the income to be used for educational grants. Grants to be given to lay members of the church for furthering their education beyond high school with preference given to those seeking a future or participating in Christian work. Funds are to be administered by the session of the church. By way of example, but not limited to: Grants may be given to those attending Colleges, Universities, Seminaries, Bible schools, Trade schools for furtherance of their education. Applicants may be either full or part-time students. If there are no applicants for a period of three consecutive years, grants shall forever cease and all income shall be used for Youth ministries as described above.