Charitable objects
THE OBJECTS FOR WHICH THE TRUST ARE ESTABLISHED ARE FOR THE PUBLIC BENEFIT:- (A)TO FURTHER PROMOTE AND SUPPORT RESEARCH AND DEVELOPMENT IN THE FIELD OF MECHANICAL ENGINEERING AND ITS APPLICATIONS AND WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING WORDS (BUT ALWAYS WITHIN THE AMBIT OF LEGAL CHARITY) SUCH PURPOSES MAY INCLUDE THE ESTABLISHMENT AND AWARDS OF SCHOLARSHIPS FELLOWSHIPS LECTURESHIPS COMPETITIONS PRIZES AWARDS AND GRANTS OF WHATSOEVER NATURE AND WHETHER MADE OUT OF CAPITAL OR INCOME OF THE TRUST FUND AND FOR SUCH PURPOSES (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING):- (1)TO PROVIDE FUNDS FOR THE COMMENCEMENT AND PROMOTION OF RESEARCH AND DEVELOPMENT; (11)TO COMMISSION AND PROVIDE FUNDS FOR THE CARRYING OUT OF SURVEYS AND THE HOLDING OF MEETINGS TO IDENTIFY NEW APPLICATIONS AND RESEARCH NEEDS AND TO DEVELOP RESEARCH AND DEVELOPMENT STRATEGIES;(111)TO PROVIDE FUNDS FOR THE SUPPORT OF TECHNOLOGY TRANSFER ACTIVITIES; AND (IV)TO DO ALL OTHER THINGS INCIDENTAL OR CONDUCIVE TO THE ATTAINMENT OF SUCH OBJECTS OR ANY OF THEM (B)IN DEFAULT OF SUCH PURPOSES TO CARRY OUT SUCH OTHER CHARITABLE PURPOSES OF AN EDUCATIONAL NATURE BUT PRIMARILY TO FURTHER AND PROMOTE THE ART AND SCIENCE OF MECHANICAL ENGINEERING AS THE TRUSTEES SHALL DETERMINE.