Charitable objects
THE OBJECTS OF THE CHARITY (THE “OBJECTS”) ARE FOR THE PUBLIC BENEFIT (INCLUDING BUT NOT LIMITED TO CURRENT AND FORMER EMPLOYEES OF THE TRACE GROUP AND THEIR RELATIVES – EXCLUDING THE TRUSTEES AND THE TRUSTEES’ RELATIVES) IN ANY PART OF THE WORLD:
1) THE PREVENTION OR RELIEF OF POVERTY.
2) THE RELIEF OF THOSE IN NEED BY REASON OF YOUTH, AGE, SICKNESS, POOR HEALTH, DISABILITY, UNEMPLOYMENT OR ECONOMIC OR SOCIAL DISADVANTAGE.
3) TO ADVANCE THE JEWISH FAITH FOR THE PUBLIC BENEFIT, BY THE PROVISION OF GRANTS TO JEWISH ORGANISATIONS ESTABLISHED FOR THE ADVANCEMENT OF RELIGION, AND IN PARTICULAR BUT NOT EXCLUSIVELY, KOL NEFESH MASORTI SYNAGOGUE.
4) ADVANCING EDUCATION FOR THE PUBLIC BENEFIT BY THE PROVISION OF TUITION GRANTS AND AWARDS FOR UK RESIDENTS FROM ECONOMICALLY DEPRIVED BACKGROUNDS SO THEY CAN PURSUE HIGHER EDUCATION AT UK UNIVERSITIES.
FOR THE PURPOSES OF THIS CLAUSE “UK RESIDENTS FROM ECONOMICALLY DEPRIVED BACKGROUNDS” MEANS STUDENTS WHO:
* ARE STUDYING A FULL OR PART TIME UNDERGRADUATE OR POSTGRADUATE COURSE
* ARE CHARGED A TUITION FEE OF AT LEAST 9,000
* HAVE A HOUSEHOLD INCOME OF 25,000 OR UNDER AND HAVE APPLIED FOR FUNDING FROM STUDENT FINANCE ENGLAND (SFE), STUDENT FINANCE WALES (SFW), STUDENT FINANCE NORTHERN IRELAND (SFNI) OR STUDENT AWARDS AGENCY FOR SCOTLAND (SAAS).
5) THE ADVANCEMENT OF ANY OTHER CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.
