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Rancho Bernardo Community Presbyterian Church
Carroll and Jo Ann Badeau Memorial Fund | 102261101870
to be used by the said church as its Session shall decide. Further, upon the decision of the Session of said church that there exists a need for the principal to further the mission of said church, the Foundation shall withdraw from the fund hereby established and pay the said church the market value at withdrawal of up to ten percent (10%) of the units of participation originally assigned to the investment of the residuum of this gift [12,730.246] during an twelve-month period, beginning with the first quarterly payment date following establishment of the memorial fund by removal of this gift from the foundation 's Pooled Income fund. The income on any funds withdrawn shall cease as of the date of withdrawal. The said church has the option in any twelve-month period to make no withdrawals of principal. In such an event, the principal not withdrawn will remain invested with the Foundation, and the Rancho Bernardo Community Presbyterian Church, San Diego, California, or its successor shall continue to receive the income from the remaining funds.Withdrawal of principal may be made the Clerk of Session of said church by written request to the Foundation's Development Office at least ten (10) days before the valuation date of the Fund in which the gift is invested. The Clerk of Session shall attest to the Foundation that the Session has voted to approve the withdrawal under the terms of this agreement and shall provide to the Foundation a copy of the excerpt from the official, dated minutes of the Session, which include the withdrawal resolution.The Session shall further specify, and the Clerk of Session shall attest to the Foundation, that the withdrawn funds will be expended before additional withdrawals are made, and that previously withdrawn funds (if any) have been fully expended before applying for the present withdrawal.
View Fund DetailsRancho Bernardo Community Presbyterian Church
Presbyterian Scholarship Loan Fund-Rancho Bernardo Community | 102240000733
To provide financial assistance to members of said church who are enrolled in a curriculum leading toward a full-time church vocation.
View Fund DetailsFaith Presbyterian Church
Terry Cox Memorial Fund | 102240000115
to be used for the Scholarship purposes set forth in a Resolution of the Session of said church dated May 7, 1968
View Fund DetailsFirst Presbyterian Church
Barnum Memorial Fund-33923 | 102240001042
net income shall pay quarterly and up to 10% of the original market value of the principal of this fund is to be made available to the First Presbyterian Church during each twelve-month period by making a written request at least ten days prior to the Foundations valuation date on which they wish the funds withdrawn. Such request for withdrawal should be made in writing by the Clerk of Session and will state that said Session has complied with the terms of the Agreement. A second annual principal withdrawal request of up to 10% may be made only in case of an emergency as determined by a vote of the Session of said church. In any such vote, the Moderator's vote shall count the same as the Ruling Elder. The income or principal of this fund as received by the church shall be used only at the direction of and be authorized by a vote of the Session of each church for local church projects. The church has the option in any twelve-month period to make no withdrawals of principal. In such an event, the principal will remain invested with the Foundation.
View Fund DetailsWestminster Presbyterian Church
Philip Crittenden Memorial Fund | 102240004809
for maintenance and capital needs of the church as determined by its Session.
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