General Assembly of the Presbyterian Church (U.S.A.)

Dorsey and Emily Guthrie Memorial Fund for Development

Beneficiary location:

Louisville, KY

Account number: 201125059153

Designated Use

Until such time as the corpus of the Fund reaches $10,000.00, 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 the General Assembly of the Presbyterian Church (U.S.A.), 100 Witherspoon Street, Louisville, Kentucky 40202 (hereinafter the Term Beneficiary), for its unrestricted use. Beginning with the first quarter after the date on which the corpus of the Fund reaches $10,000.00, the Foundation shall cease paying the Net Income to the Term Beneficiary and shall pay the Net Income therefrom quarterly 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 Presbyterian Church (U.S.A.) Foundation, 200 East Twelfth Street, Jeffersonville, Indiana 47130 (hereinafter the Beneficiary), to be used to defray all or a portion, as the case may be, of the compensation and related employment expenses for the person who from time to time has responsibility for the development in the northern region of Georgia (as such region is from time to time defined by the Foundation, with the understanding that such region may include other regions of Georgia or other states as deemed appropriate by the Foundation for it development efforts) and which shall thereafter be referred to as the Dorsey and Emily Guthrie Chair for Development.