Mission
THE PRIMARY MISSION OF THE PITTMAN EDUCATION TRUST F/B/O THE FIRST BAPTIST CHURCH IS TO PROVIDE FUNDING TO THE CHURCH FOR SCHOLARSHIP SUPPORT FOR NEEDY MINISTERIAL STUDENTS AND FUNDING FOR OTHER EDUCATIONAL PROGRAMS OF THE FIRST BAPTIST CHURCH. IN ADDITION, IN 2016 A MAJORITY OF THE BOARD OF TRUSTEE APPROVED THE USE OF TRUST FUNDS TO PROVIDE SCHOLARSHIP SUPPORT TO NEEDY STUDENTS AT DELTA STATE UNIVERSITY IN CLEVELAND, MS.IN 2018, THE BOARD APPROVED THE DISSOLUTION OF THE TRUST WITH THE FUNDS BEING DISTRIBUTED 33% TO FIRST BAPTIST CHURCH OF CLEVELAND, MISSISSIPPI AND 67% TO DELTA STATE UNIVERSITY FOUNDATION. AT THE END OF 2018 ALL FUNDS ON HAND HAD BEEN DISTRIBUTED. HOWEVER, IN 2019 ADDITIONAL FUNDS FROM A CLASS ACTION SETTLEMENT WERE RECEIVED, THEREFORE THE 2018 RETURN IS NOT THE FINAL RETURN FOR THE TRUST.