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Endowments Endowed funds are part of the permanent endowment of the College. Only the interest earned each year is used for the designated purpose; the principal remains intact. Commitments totaling $10,000 or more are needed to establish a named endowed fund. An endowed professorship requires a commitment of $250,000 or more, and $750,000 or more is needed for an endowed chair. An endowed fund is an excellent way to perpetuate interest in Tusculum College. Endowments can be designated for a variety of priority needs of the institution such as scholarships, maintenance, program support, campus ministry, or a professorship or chair in a particular discipline. Unrestricted endowments give the administration and the Board of Trustees the greatest flexibility in meeting priority needs. CAMPUS MINISTRY THE HOLSTON PRESBYTERY ENDOWMENT FOR CAMPUS MINISTRY was established in 1996 through the Partners in Ministry Campaign among the 69 churches in Holston Presbytery, Presbyterian Church (U.S.A.), the home presbytery of Tusculum College. This endowment provides support for the campus minister and campus ministry program on the campus. THE INDEPENDENT PRESBYTERIAN CHURCH OF BIRMINGHAM, ALABAMA, ENDOWMENT FOR CAMPUS MINISTRY was established in 1992 by a generous grant by the Church through the Bicentennial Campaign and increased in 1998 through the Tusculum College 2000 Campaign. Earnings are used to support the Campus Ministry position and program of Tusculum College. RELIGIOUS STUDIES ENDOWMENTS THE BIBLE CHAIR ENDOWMENT was established in 1926 by alumni, trustees, and other friends of the College. Income from the endowment will be used to support the Department of Religion at Tusculum College. THE JOHN C. MARTIN ENDOWMENT was established by the Martin Bible Chair Trust Fund of the Presbyterian Church (U.S.A.). Tusculum College and several other Presbyterian-related institutions benefit from the Martin Fund. Income from the Martin Fund will be used to support the Religion Department of Tusculum College. THE MARY D. SYNNOTT ENDOWMENT was established in 1925 by the Synnott Bible Chair Trust Fund of the Presbyterian Church (U.S.A.). Tusculum and several other Presbyterian-related institutions benefit from the Fund. Income from the Synnott Fund will be used to support the Religion Department of Tusculum College. HOLSTON PRESBYTERY ENDOWED SCHOLARSHIPS Scholarship preference will be given to able and deserving students from the individual churches named in the endowment funds, to students from other Presbyterian churches within Holston Presbytery, and then to other qualified students. HOLSTON PRESBYTERY ENDOWED SCHOLARSHIP FUND was established in 1996 through the Partners in Ministry Campaign among the 69 churches of Holston Presbytery, Presbyterian Church (U.S.A.) the home presbytery of Tusculum College. This endowed scholarship fund will give scholarship preference to able and deserv ing students from the churches of Holston Presbytery, then to other Presbyterian students, and finally to other able and deserving students. The scholarships are designed to provide financial support for young people and adults of the Presbyterian churches in the region who attend Tusculum College. THE BETHEL PRESBYTERIAN CHURCH OF KlNGSPORT ENDOWED SCHOLARSHIP FUND. THE COLD SPRING PRESBYTERIAN CHURCH OF BRISTOL ENDOWED SCHOLARSHIP FUND. THE COLONIAL HEIGHTS PRESBYTERIAN CHURCH OF KINGSPORT ENDOWED SCHOLARSHIP FUND. THE FIRST PRESBYTERIAN CHURCH OF BRISTOL ENDOWED SCHOLARSHIP FUND. THE FIRST PRESBYTERIAN CHURCH OF ELIZABETHTON ENDOWED SCHOLARSHIP FUND. THE FIRST PRESBYTERIAN CHURCH OF GREENEVILLE ENDOWED SCHOLARSHIP FUND. THE FIRST PRESBYTERIAN CHURCH OF JEFFERSON CITY ENDOWED SCHOLARSHIP FUND. THE FIRST PRESBYTERIAN CHURCH OF JOHNSON CITY ENDOWED SCHOLARSHIP FUND. THE FIRST PRESBYTERIAN CHURCH OF KINGSPORT ENDOWED SCHOLARSHIP FUND. THE FIRST PRESBYTERIAN CHURCH OF MORRISTOWN ENDOWED SCHOLARSHIP FUND. THE ROGERSVILLE PRESBYTERIAN CHURCH ENDOWED SCHOLARSHIP FUND. THE WATAUGA AVENUE PRESBYTERIAN CHURCH OF JOHNSON CITY ENDOWED SCHOLARSHIP FUND. THE WAVERLY ROAD PRESBYTERIAN CHURCH OF KINGSPORT ENDOWED SCHOLARSHIP FUND. |