Governing document MOSTAFAVI FOUNDATION
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Governing document
It is not the full text of the charity's governing document.
TRUST DEED DATED 15 NOV 2019
Charitable objects
THE TRUSTEES SHALL HOLD THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND IF AND IN SO FAR AS THE TRUSTEES SHALL THINK FIT IN THEIR ABSOLUTE DISCRETION ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION DETERMINE TO OR FOR THE BENEFIT OF SUCH ONE OR MORE CHARITABLE PURPOSES BODIES TRUSTS ASSOCIATIONS INSTITUTIONS OR ORGANISATIONS IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DETERMINE PROVIDED ALWAYS THAT NO PART OF THE CAPITAL OF THE TRUST FUND SHALL BE SO PAID OR APPLIED WITHOUT THE UNANIMOUS CONSENT OF ALL THE TRUSTEES AND PROVIDED FURTHER THAT THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DURING THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED ACCUMULATE THE WHOLE OR ANY PART OR PARTS OF THE INCOME OF THE TRUST FUND BY INVESTING THE SAME IN ANY INVESTMENTS HEREBY AUTHORISED AND SO THAT THE ACCUMULATIONS SO MADE SHALL BE HELD AS AN ACCRETION TO THE CAPITAL OF THE TRUST FUND.
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