Committee on Theological Education of the General Assembly

The Theological Education Fund of the Presbyterian Church (U.S.A.)

Beneficiary location:

Jeffersonville, IN

Account number: 203142203030

Designated Use

Purposes are found in Exhibit 2 of the Fund Advisory Agreement. 1. The support of seminaries related to the Presbyterian Church (U.S.A.) through the receipt, solicitation, marketing, management, administration, investment and distribution of the Theological Education Fund of the Presbyterian Church (U.S.A.), herein the Fund. Such support includes the employment by the Presbyterian Church (U.S.A.) Foundation (the Foundation) of persons for marketing and development of the Fund who are dedicated solely to generating financial support for theological education, and whose performance is ultimately directed and evaluated by the Committee on Theological Education of the Presbyterian Church (U.S.A.), herein COTE, in consultation with the Foundation. The costs incurred by the Foundation with respect to the employment of the person(s) serving in such staff positions, such as salary and benefits, shall be reimbursed from the Fund as provided in the Fund Advisory Agreement between the parties 2. The support, maintenance and administration of the existing Seminary Support Network of the Presbyterian Church (U.S.A.) until such time as the Foundation and COTE shall determine the future role of this body. The Foundation shall establish a full-time staff position dedicated to supporting this Network until a decision about the Network's future has been determined by the Foundation and COTE. The costs incurred by the Foundation with respect to the employment of the person serving in such staff position, such as salary and benefits, shall be reimbursed from the Fund. 3. The receipt, administration, maintenance and development of marketing information and databases for the Fund as transferred to Foundation, as permitted by applicable law and by representations made by the PMA and/or Foundation to donors. 4. Other purposes and activities as may be mutually agreed upon by the Foundation, COTE, and the PCUSA A Corp. 5. It is understood that the funds and donations that become part of the Fund have express restrictions which are not modified by these Purposes.