To provide financial support to a second or third-year student at Meadville Lombard Theological School.
This fund was originally given to support scholarships for the liberal ministry at Lombard College, which subsequently closed, and whose charter was passed to Meadville Lombard Theological School in Chicago.
The Colchester Fund is administered by the Midwest Unitarian Universalist Conference.
The fund endowment is managed by the Midwest Unitarian Universalist Foundation
The fiscal agent is MidAmerica Region of the Unitarian Universalist Association