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

Mary E. Ford Memorial Scholarship - Presbyterian Community Center

Beneficiary location:

Louisville, KY

Account number: 203100031155

Designated Use

For scholarship assistance to graduating African-American High school seniors, without regard to their denominational affiliation, from Louisville, Kentucky, in accordance with the purposes and terms outlined below. It is the donor's intention that each Mary E. Ford Scholarship recipient should receive an award in the amount of $500.00. Five years following the establishment of this fund [October 30, 2003] and on each fifth anniversary thereafter, beneficiary may, at its discretion, increase the amount of each award in increments of $100.00 to address the rising cost of education over time. Beneficiary may allow income from this fund to accumulate in an account administered by the Presbyterian Foundation or its subsidiaries. The accumulation of earnings is intended to permit the beneficiary to determine the timing and amount of distributions for award each year. Draws from accumulated earnings should be in amounts that provide for the maximum number of annual scholarship awards beneficiary can make based upon the award amount of $500 (as adjusted upward over time as permitted above).