First Presbyterian Church, Dubuque, IA Sesquicentennial Fund

Seminario Teológico de la Universidad de Dubuque

Restricción de fondos

The Foundation shall reinvest net income so that said income becomes principal until the market value reaches Twenty Thousand Dollars ($20,000.00) [requirement met 11/30/2010]. At that time, the Foundation shall pay the net income therefrom (hereinafter ‘Net Income’) after the expiration of each calendar year [began January 2012] to the University of Dubuque Theological Seminary, 2000 University Avenue, Dubuque, IA 52001 (hereinafter the ‘Beneficiary’) to be divided equally into two annual scholarships; one for a male Presbyterian student and one for a female Presbyterian student.