The offerings taken usually go to the Living Tradition Fund, a fund administered by that bureau formerly known as the Department of Ministry. The Fund pays out all of its money every year in the form of aid to indigent retired ministers, scholarships for seminarians, and debt relief to ministers who accumulated crushing debt getting through seminary.
I write a check to the Living Tradition Fund and send it off to 25 Beacon Street whenever I receive an invitation to an ordination or installation. I make the contribution in honor of the ordinand, or installee, as I am sure that their name is inscribed with a quill in a giant leather bound volume with gilt page edges and marbled endpapers that rests on a burgundy velvet cushion in the Vault of Sacred Memory there on Beacon Hill.
Go Thou, and Do Likewise!