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

Legal Aid for Racial and Intercultural Justice Fund

Beneficiary location:

Louisville, KY

Account number: 203100057640

Designated Use

Reinvest income back into principal until the principal reaches one million dollars ($1,000,000.00) or until ten (10) years from the date of this agreement [12/20/2000 - which has been met], which ever comes first, at that time, ten percent (10%) of the net income shall be reinvested back into principal and ninety percent (90%) of the net income shall be paid to the General Assembly of the Presbyterian Church (U.S.A.). The General Assembly of the Presbyterian Church (U.S.A.) shall use the said income, as a specific addition to approved funding sources, without equalization of any kind, from the fund hereby established for the Fund for Legal Aid for Racial and Intercultural Justice. Should the Fund for Legal Aid for Racial and Intercultural Justice, or it successors, cease to exist, then the net income shall be used for the Racial Ethnic Ministry Unit, or its successors, to continue the basic purpose of the Fund for Legal Aid for Racial and Intercultural Justice.