Governing document OMID FOUNDATION
Governing document
It is not the full text of the charity's governing document.
TRUST DEED DATED 26 APRIL 2006 AS AMENDED BY SUPPLEMENTAL DEED DATED 5 MAY 2008
Charitable objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST FOR THE PROMOTION OF EDUCATION AND THE RELIEF OF POVERTY DISTRESS OR SUFFERING IRAN BY PROVIDING ASSISTANCE SUPPORT EDUCATION AND TRAINING TO AN CONDUCTING ACADEMIC RESEARCH ON DISADVANTAGED YOUNG WOMEN THROUGHOUT THE WORLD; THE TRUSTEES SHALL NOT APPLY ANY PART OF THE TRUST FUND DIRECTLY IN RELIEF OF PUBLIC FUNDS, BUT MAY APPLY THE WHOLE OR ANY PART OF THE TRUST FUND IN SUPPLEMENTING PUBLIC FUNDS. THE TRUSTEES MAY, IN THEIR DISCRETION, FOR THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED, INSTEAD OF APPLYING THE INCOME OF THE CHARITY IN ANY YEAR, ACCUMULATE ALL OR ANY PART OF SUCH INCOME BY INVESTING THE SAME, AND THE RESULTING INCOME, IN ANY AUTHORISED INVESTMENTS AND SHALL HOLD THE SAME AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CHARITY, WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR ANY PART OF 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
NOT DEFINED. IN PRACTICE OVERSEAS.
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