The University, at its discretion, will award funds according to the university’s approved spending policy to students enrolled at the university. Amounts distributed from the endowment pursuant to Concordia University policy shall be used to provide scholarships based on financial need to students who are enrolled at Concordia with preference given to students in the Director of Christian Educations program who plan on entering the ministry upon graduation. Any of the unused earning will be reinvested in accordance with investment policies determined by the Board of Regents, from time to time.