Educational Endowment Fund for International Leaders Fund

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

Fund Restriction

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.