For the support of the work of the church at the McGilvary Theological Seminary of Chaingmai, Thailand, above and beyond that which is already allocated by the Faith United Presbyterian Church and/or The United Presbyterian Church in the USA for use by the same institution…The income used for this purpose shall be considered to be outside the budget and shall not be equalized. The McGilvary Theological Seminary of Chaingmai, Thailand shall use the said income from the fund hereby established as its governing Board shall determine for the support of scholarships. Should the McGilvary Theological Seminary of Chaingmai, Thailand be merged or consolidated with any other seminary of The United Presbyterian Church in the USA, the 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. Further, should the McGilvary Theological Seminary of Chaingmai, Thailand or its successors cease to exist or cease to be a part of or officially connected with The United Presbyterian Church in the USA, then said net income shall be used for the support of theological education in a manner as similar as possible to the original intent of the Donor.

Scholarship fund for the education of students for the ministry in the Presbyterian Church in the United States.

for the Division of International Missions.

To the Board of World Missions, Presbyterian Church in the United States.

Excerpt of the procedures for the Reverend Arthur T. Taylor Memorial Educational Fund (“Fund”) upon receipt of the no objection to the proposed changes letter by the Office of the Indiana Attorney General dated June 29, 2022: 1. It will be the privilege of the congregations, or of individuals, of the Marston, Marks Creek, Rourk and McLean Presbyterian Churches to make contributions in any amounts to be added to the principal of this Fund. NOTE: As of November 1, 2016, Marks Creek Presbyterian Church remains the sole “Priority Church” under the agreement. Marston Presbyterian Church dissolved effective October 31, 2016. Rourk Presbyterian Church and McLean Presbyterian Church are no longer affiliated with the PCUSA as of 7/21/2012 as they were dismissed to the Evangelical Presbyterian Church. 2. The Fund shall be known as THE REVEREND ARTHUR T. TAYLOR MEMORIAL EDUCATIONAL FUND. 3. Upon receipt of the Office of Indiana Attorney General letter as of June 29, 2022, any reference to the information as outlined in paragraphs 3 and 4 of the letter dated April 7, 1966 are deleted in their entirety and the gift instrument is modified as follows: Reassignment of duty to seek scholarship nominations: The Foundation has modified the restrictions on the Fund by reassigning the duty to seek nominations, make awards, and generally manage the Reverend Arthur T. Taylor scholarship program to the Presbyterian Mission Agency (“PMA”) and its agents, successors, and/or assigns. The Foundation further modified the restrictions on the Fund to permit it to make the spendable funds available to PMA (and its agents, successors, and/or assigns) to manage the scholarship program established in honor of Reverend Arthur T. Taylor. Clarification of the pool of potential scholarship applicants: The Foundation has modified the restrictions on the Fund by expanding the preference to all students pursuing postsecondary education within the Presbytery of Charlotte geographic area in the event there are no viable candidates from Marks Creek Presbyterian Church as the sole remaining Priority Church. In other words, the Foundation clarified the restriction to provide that, while viable candidates from Marks Creek Presbyterian Church would still be given first preference, preference also will be given to students in the Presbytery of Charlotte when there are no viable candidates from Marks Creek Presbyterian Church. Unused income available for future scholarship awards if no qualified candidate selected by the PMA, or its successors: Beginning on June 29, 2022 (the date of IN AG’s approval letter), the Foundation modified the restrictions on the Fund to permit any unused income to be accumulated as spendable funds (rather than added to principal) so that such funds may be disbursed in subsequent years to provide a more consequential and helpful award to students.