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

Dr. W. Eugene Houston Memorial Scholarship Fund for Johnson

Beneficiary location:

Louisville, KY

Account number: 203100061162

Designated Use

In support of theological education for racial minorities in accordance with the terms listed in appendix A of this agreement. Appendix A: 1. Recipient should be a member of a congregation of the Presbyterian Church (USA) and under the care of a Presbytery. 2.Recipient should be in good academic standing. 3.Preference should be given to a student who: a. Is a full time student, b. Is male, and c. Has displayed an interest in Presbyterian Polity. 4.If for some reason there is no worthy recipient for a given year, the money for the scholarship shall be returned to (or retained in) the principal for reinvestment. 5.The Vocation Agency or its successor shall administer the scholarship, choosing a recipient from candidates submitted to it by Johnson C. Smith Theological Seminary of Atlanta, Georgia. 6. Should Johnson C. Smith Theological Seminary of Atlanta, Georgia be merged or consolidated with any other seminary of the Presbyterian Church (USA), the said net income from this gift shall be paid to the said merged seminary which shall be entitled to receive all the benefits of this gift and shall be obligated to administer the same in all respects and in accordance with the terms of this agreement. 7. Further, should Johnson C. Smith Theological Seminary of Atlanta, Georgia or its successors cease to exist or cease to be a part of or officially connected with the Presbyterian Church (USA), then the said net income shall be used for the support of theological education for racial minorities at one or more of the seminaries related to the Presbyterian Church (USA) in accordance with the terms of this agreement for use as similar as possible to the original intent of the Donor.