Governing document OLD OUNDELIAN BENEVOLENT FUND
Governing document
It is not the full text of the charity's governing document.
INDENTURE DATED 23/03/1936 AS AMENDED ON 07/11/2009 AS AMENDED BY RESOLUTION DATED 12 NOV 2016
Charitable objects
THE SOLE PURPOSES OR OBJECTS TO OR FOR ALL OR ANY OF WHICH TRUST FUND MONEYS ARE TO BE APPLIED ARE AS FOLLOWS:- (1) TO GIVE FINANCIAL ASSISTANCE TO ANY OLD OUNDELIAN IN THE EDUCATION OF HIS OR HER CHILD OR CHILDREN AT OUNDLE SCHOOL OR AT SOME PREPARATORY SCHOOL OR AT SOME RECOGNISED PLACE OF HIGHER EDUCATION; (2) TO FOUND SCHOLARSHIPS OR EXHIBITIONS AVAILABLE FOR OLD OUNDELIANS OR THEIR CHILDREN; (3) TO GIVE FINANCIAL ASSISTANCE BY EITHER LOAN OR GIFTS TO ANY OLD OUNDELIAN OR HIS OR HER DEPENDENTS IN NEED OR DISTRESS; (4) TO GIVE FINANCIAL ASSISTANCE TO ANY OLD OUNDELIAN OR HIS OR HER DEPENDENTS FOR EDUCATION OR TRAINING FOR ANY BUSINESS OR PROFESSION IF CONSIDERED BY THE TRUSTEES TO BE NECESSARY OR ADVISABLE ON THE GROUNDS OF FINANCIAL NECESSITY; (5) TO CONTRIBUTE TOWARDS ANY OTHER CHARITABLE OBJECT FOR THE BENEFIT OF OLD OUNDELIANS OF THEIR DEPENDENTS PROVIDED THAT SUCH CONTRIBUTION HAS BEEN PREVIOUSLY SANCTIONED BY THE COMMITTEE OF THE OLD OUNDELIAN CLUB AFORESAID; (6) TO CONTRIBUTE TOWARDS PROJECTS OR OTHER APPEALS FOR THE FURTHER DEVELOPMENT OF OUNDLE SCHOOL FOR THE PURPOSES OF THE ABOVE THE EXPRESSION "OLD OUNDELIAN" MEANS ANY PERSON WHO WAS EDUCATED AT OUNDLE SCHOOL OR LAXTON SCHOOL.
Area of benefit
NOT DEFINED
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