To the Board of Christian Education of the Presbyterian Church in the United States, now located at 8 North Sixth Street, Richmond, Virginia, the sum of Twenty-Five Thousand ($25,000.00) Dollars, as endowment, the income from which shall be used to provide scholarships under the Scholarship Program of said Board of Christian Education.

for scholarship aid to persons preparing for a church vocation.

To the support of the foreign missions work of The Presbyterian Church in the United States.

The interest when collected to be forwarded to the Korea Mission of said Church to be loaned to Koreans to erect churches and manses in the mission field at Soonchun, Korea, Asia, if said Committee [Executive Committee of Foreign Missions a/k/a Board of World Missions n/k/a General Assembly Mission Board] shall from providential or other reasons beyond its control be prohibited from conducting its Foreign Mission work in the field, or in Korea, the interest on the fund may be used for the same purpose in some other of its Missions Fields in the Orient where it can be so used in the same manner for the propagation of the Gospel of Jesus Christ, that being the essence and purpose of this contract.

Scholarships for ministerial students in the USA.