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

Martha Adams Fund

Beneficiary location:

Louisville, KY

Account number: 203100053001

Designated Use

The income from this fund to be paid yearly to the Trustees of the First Church Society or Congregation of Southold, County of Suffolk, New York, and to be expended by the Trustees of the First Church of Southold, in paying the tuition of indigent students of either sex in the Academy now under the control of said Trustees. If this Academy ever ceases to be controlled by the Presbyterian Church, then I direct the Presbyterian Board of Aid for Colleges and Academies [became a subsidiary board of BCE-PA and was merged into the Foundation as part of 1986 reorg] to give the income of this fund to some Academy under the control of the Presbyterian Church in the United States of America. 1942 BCE Board Action: It is recommended that insasmuch as Southold Academy is no longer meeting the conditions outlined in the Last Will and Testament of Carson W. Adams, dated April 17, 1886, the treasurer shall no longer pay the income of the Martha Adams Trust Fund to the First Church Society or Congregation of Southold. It is further recommended that the West Nottingham Academy, Colora, Maryland, should be designated as the beneficiary…the annual income from this Fund should be paid to West Nottingham at the close of March 31st each year unless advised to the contrary.