The Trustee shall hold, manage, invest and reinvest the Trust Property and shall pay over to the Settlor the net income therefrom quarterly at the end of each calendar quarter. (The Historical Foundation of the Presbyterian and Reformed Churches, Inc.)

The Board further agrees that it will declare interest at the rate of four and one-half (4 1/2%) percent per annum on the said Special Endowment Fund, crediting the same interest, Two Hundred and Twenty-Five ($225) Dollars each year in its Donation Account to the First Presbyterian Church of Wellsville, Ohio, and report yearly to the session of the First Presbyterian Church of Wellsville, Ohio, how the money has been expended. [cy pres Oct 2009 changes bene from BFM to PCUSA, A-Corp.]

The Foundation shall reinvest all income into principal, so that such income becomes principal. The Foundation shall calculate annually the change in the market value of the Fund for the current year by computing the difference between the fair market value of the Fund on December 31 of the current year and the fair market value of the Fund on December 31 of the immediately preceding year (hereinafter the Change in Market Value). For every year subsequent to the initial year in which the Fund is established, the calculation of the Change in Market Value of the Fund shall reflect changes in market value as well as any distributions made in accordance with the provisions set forth hereinbelow. The Foundation shall pay annually seventy percent (70%) of the Change in Market Value of the Fund, payment to be made on or after January 1 of each year, to the Presbyterian Church (U.S.A.), 100 Witherspoon Street, Louisville, Kentucky 40202-1396 (hereinafter the Beneficiary), to be used by the Presbyterian Hunger Program for hunger programs in Central America and South America.

The Foundation shall reinvest net income so that Net income becomes principal until the principal reaches One Million Dollars ($1,000,000.00). Thereafter, the Foundation shall continue to reinvest ten percent (10%) of the net income into principal and perpetuity so that net income becomes principal and the Foundation shall pay ninety percent (90%) of the net income therefrom (hereinafter Net Income) after the expiration of each calendar quarter (or at any regular time interval as established by the Board of trustees of the Foundation from time to time) to the General Assembly of the Presbyterian Church (U.S.A.) to be used for the Racial Justice Program area, or its successor.

For work of Historical Foundation, Montreat, NC