Presbytery of Northwest Coast

Charles and Alice Hussey Scholarship Fund

Beneficiary location:

Everett, WA

Account number: 102240201353

Designated Use

The Fund is created to provide scholarships to members of the community of Eastmont Presbyterian Church. The scholarships would preferably go to Christian students seeking higher education or seminary. The Session of Eastmont Presbyterian Church, in East Wenatchee, Washington, has the right to determine the amount and number of scholarships given up to 95% (ninety-five percent) of the annual income distribution. Annually, any amount not used by the Eastmont Presbyterian Church Session for scholarships shall be reinvested back into principal of the Fund. [Eastmont PC, East Wenatchee, WA was dismissed to Covenant Order of Evangelical Presbyterians 3/31/2015. They also changed their name to Faith Presbyterian Church. During the same period, the Presbytery of Central Washington requested we send future annual income distributions from this fund to the Faith Presbyterian Church, East Wenatchee, WA for scholarships upon the Presbytery's approval.] [6/16/2016 - After Donor's death, Fund name was changed from Anonymous Scholarship Fund to Charles and Alice Hussey Scholarship Fund per terms of agreement and August 31, 2006 signed statement.] [SEE ACCOUNT 102240000017 that holds 95% accumulated income that can be requested annually by the Presbytery of Northwest Coast for scholarships at Faith PC, East Wenatchee, WA. If they do not request/use all the 95%, the remaining amount will be transferred back into 102240201353 to be reinvested back into principal.]