Governing document The BP Foundation
Governing document
It is not the full text of the charity's governing document.
TRUST DEED DATED 15 JUNE 2009 as amended on 19 Jun 2018
Charitable objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO PAY OR APPLY THE WHOLE THEREOF TO OR TOWARDS OR FOR THE BENEFIT OR FURTHERANCE OF SUCH CHARITABLE PURPOSES CHARITABLE INSTITUTIONS OR CHARITABLE FOUNDATIONS AT SUCH TIMES AND IN SUCH MANNER AND IN SUCH SHARES AND PROPORTIONS OR TO PAY OR TRANSFER THE SAME TO THE TRUSTEES OF ANY TRUST ESTABLISHED FOR SOLELY CHARITABLE PURPOSES AS THE TRUSTEES (BEING NOT LESS THAN TWO IN NUMBER OR A TRUST CORPORATION) MAY FROM TIME TO TIME DETERMINE THE RECEIPT OF THE PERSON WHO PURPORTS TO BE THE TREASURER OR OTHER DULY AUTHORISED OFFICER FOR SUCH CHARITABLE INSTITUTION OR FOUNDATION TO AFFORD A GOOD RECEIPT TO THE TRUSTEES FOR ANY PAYMENT MADE UNDER THIS CLAUSE AND UNDER CLAUSE 8 HEREOF AND SO THAT (SUBJECT ONLY AS LAST AFORESAID) THE TRUST FUND SHALL BE APPLICABLE BOTH AS A TO CAPITAL AND INCOME FOR THE GENERAL CHARITABLE PURPOSES MENTIONED IN THIS CLAUSE WHETHER OR NOT BY MEANS OF THE EXERCISE OF ANY OF THE PARTICULAR POWERS CONFERRED UPON THE TRUSTEES BY CLAUSE 5 HEREOF AND NOTWITHSTANDING ANYTHING ELSEWHERE IN THIS DEED CONTAINED NO PART OF THE TRUST FUND OR OF THE INCOME THEREOF SHALL BE PAID OR APPLIED OTHERWISE THAN FOR EXCLUSIVELY CHARITABLE PURPOSES
Area of benefit
UNDEFINED. IN PRACTICE, OVERSEAS
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