Governing document THE OREN AND RACHEL PELEG FOUNDATION
Charity number: 1122792
Charity reporting is up to date (on time)
Governing document
Details of the type of governing document the charity has and when it was established. It is not the full text of the charity's governing document.
TRUST DEED MADE 18 JUNE 2007
Charitable objects
4.1 THE TRUSTEES MUST APPLY THE INCOME OF THE CHARITY IN FURTHERING SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES INCLUDING MAKING DONATIONS TO ANY EXCLUSIVELY CHARITABLE INSTITUTION OR INSTITUTIONS AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT ('THE OBJECTS').
4.2 INSTEAD OF SO APPLYING THE INCOME, THE TRUSTEES MAY IN THEIR DISCRETION FOR THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED ACCUMULATE ALL OR ANY PART OR PARTS OF SUCH INCOME BY INVESTING THE SAME, AND THE RESULTING INCOME, IN ANY INVESTMENTS AUTHORISED BY THIS DEED OR BY LAW AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CHARITY.
4.3 THE TRUSTEES' DISCRETION CONTAINED IN CLAUSE 4.2 IS WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE INCOME IN ANY SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE CHARITY ARISING IN THE THEN CURRENT YEAR.
Area of benefit
The area the charity can operate in, as set out in its governing document.
