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

Educational Endowment Fund for International Leaders Fund

Beneficiary location:

Louisville, KY

Account number: 203100059353

Designated Use

The Foundation shall reinvest the net income of the Fund into principal until the corpus of the Fund reaches $100,000.00, so that such reinvested net income becomes principal. After the corpus of the Fund reaches $100,00.00, the Foundation shall pay the net income therefrom quarterly, after the expiration of each calendar quarter, to the Presbyterian Church (USA), 100 Witherspoon Street, Louisville, Kentucky 40202-1396, to be used for the education of Christian international leaders, men and women, according to the priorities established by the Worldwide Ministries Division, or its successor. The General Assembly Council, or its successor, shall have oversight of the expenditures of said distributions after each distribution is made from the Fund to the Beneficiary. If in the future, the Beneficiary no longer supports the education of Christian international leaders, distributions of the Fund will be used by the Beneficiary for the Worldwide Ministries Division for other mission related programs. If in the sole discretion of the General Assembly Council, acting on behalf of the Beneficiary, the distributions are no longer needed for these programs, then the Beneficiary may use the Fund distributions for the support of another priority of the Presbyterian Church (U.S.A.), as determined in the sole discretion of the General Assembly Council.