to be used for pilot studies and projects that will try out the feasibility of creative ideas of seminary students and faculty to keep our traditional faith useful during changing needs and changing times. The fund is not to be used for student scholarships. The Committee on Theological Education (or its successor) of the Presbyterian Church (U.S.A.) is to review proposals for use of such funds and to select projects to be funded. These proposals can include international components. Only the income from the fund shall be used each year. Whether the money is to be repaid at a future date for use by other students and seminaries is left to the discretion of the Committee on Theological Education (or its successor).

Purposes are found in “Exhibit 2” of the Fund Advisory Agreement. 1. The support of seminaries related to the Presbyterian Church (U.S.A.) through the receipt, solicitation, marketing, management, administration, investment and distribution of the Theological Education Fund of the Presbyterian Church (U.S.A.), herein the “Fund”. Such support includes the employment by the Presbyterian Church (U.S.A.) Foundation (the “Foundation”) of persons for marketing and development of the Fund who are dedicated solely to generating financial support for theological education, and whose performance is ultimately directed and evaluated by the Committee on Theological Education of the Presbyterian Church (U.S.A.), herein “COTE”, in consultation with the Foundation. The costs incurred by the Foundation with respect to the employment of the person(s) serving in such staff positions, such as salary and benefits, shall be reimbursed from the Fund as provided in the Fund Advisory Agreement between the parties 2. The support, maintenance and administration of the existing Seminary Support Network of the Presbyterian Church (U.S.A.) until such time as the Foundation and COTE shall determine the future role of this body. The Foundation shall establish a full-time staff position dedicated to supporting this Network until a decision about the Network’s future has been determined by the Foundation and COTE. The costs incurred by the Foundation with respect to the employment of the person serving in such staff position, such as salary and benefits, shall be reimbursed from the Fund. 3. The receipt, administration, maintenance and development of marketing information and databases for the Fund as transferred to Foundation, as permitted by applicable law and by representations made by the PMA and/or Foundation to donors. 4. Other purposes and activities as may be mutually agreed upon by the Foundation, COTE, and the PCUSA A Corp. 5. It is understood that the funds and donations that become part of the Fund have express restrictions which are not modified by these Purposes.

COTE to decide.

by the Council of Theological Seminaries for the support of United Presbyterian-related theological seminaries.

To The Board of Church Erection of the Presbyterian Church in the United States [to be administered for the purposes outlined in the Articles of Incorporation of the Board of Church Erection Fund].