Muskingum University

Clarence W. and Grace Marie Feil Endowment Fund-37102

Beneficiary location:

New Concord, OH

Account number: 103120058841

Designated Use

Reinvest said income back into the principal of said gift until the total principal reaches Two Million Dollars ($2,000,000.00) or until the year 2040 AD whichever first occurs. At such time, the net income therefrom, as such income is received in quarterly payments. Shall be distributed to Muskingum College, located at New Concord, Ohio 43762. The Muskingum College shall use its proportionate share of the said net income for the enhancement of the general student financial assistance fund for qualified and worthy students. Any income not expended in the year it is earned for the general student financial assistance fund shall be added to the general operating fund.