Charitable objects
(1) THE PROVISION OF FINANCIAL AND MATERIAL ASSISTANCE FOR PROMOTING THE EDUCATION OR ADVANCEMENT IN LIFE OF PERSONS UNDER THE AGE OF 25 WHO ARE IN NEED AND WHO WERE BORN IN GREAT BRITAIN, NORTHERN IRELAND, THE ISLE OF MAN OR THE CHANNEL ISLANDS OR WHO WOULD HAVE BEEN SO BORN IF THEIR PARENTS HAD NOT BEEN EMPLOYED FOR THE TIME BEING ABROAD AND WHO HAVE EITHER LOST ONE OR BOTH PARENTS OR WHOSE PARENTS ARE DIVORCED OR SEPARATED ("FOUNDATIONERS");
(2) THE ADVANCEMENT OF EDUCATION BY SUPPORTING IN SUCH WAYS AS THE TRUSTEE SHALL FROM TIME TO TIME THINK FIT CHARITIES HAVING SCHOOLS OR OTHER EDUCATIONAL ESTABLISHMENTS AT WHICH FOUNDATIONERS ARE PUPILS OR STUDENTS".