To Presbyterian Colleges located within the State of Iowa.

For undergraduate and/or graduate education of a student who intends to become a medical missionary in the Presbyterian Church in the United State of America or its successor, or a student who intends to become a minister in the Presbyterian Church in the United States of America, or its successor.

Unrestricted support of the programs of the Presbyterian General Assembly; provided, however, that none of the funds shall be used for the benefit of The Board of Pensions of the Presbyterian Church in the United States of America or for the benefit of such Board’s successor, as the real property, once owned by the Trustor at El Sombroso Oaks, Los Gatos, California, has become the property of said Board. The Fund income, but no part of the principal or any appreciation (realized or unrealized), shall be used to further the objectives and purposes of the Presbyterian General Assembly.

For its work in the support of scholarships at Mission Schools related to the Presbyterian Church (U.S.A.), with first preference, if possible, for one located in Alaska.

To the National Missions of the Presbyterian Church and more specifically, to the National Mission operating in Ethiopia so long as said Ethiopian Mission continues.