The Barnard College Charitable Trust

(A) THE TRUSTEES SHALL PAY OR APPLY THE ANNUAL INCOME OF THE TRUST FUND TO ADVANCE EDUCATION AND IN PARTICULAR BUT WITHOUT LIMITATION TO ADVANCE THE EDUCATION OF STUDENTS ATTENDING BARNARD COLLEGE COLUMBIA UNIVERSITY 3009 BROADWAY NEW YORK NY 10027-6598 ("THE COLLEGE") BY AWARDING SCHOLARSHIPS, EXHIBITIONS, BURSARIES OR MAINTENANCE ALLOWANCES TENABLE AT THE COLLEGE OR AT ANY SCHOOL, UNIVERSITY OR OTHER EDUCATIONAL ESTABLISHMENT APPROVED BY THE TRUSTEES TO PERSONS WHO ARE IN NEED OF FINANCIAL ASSISTANCE AND OTHERWISE FURTHERING THE EDUCATION OF SUCH PERSONS AND BY PROVIDING OR ASSISTING IN THE PROVISION OF EDUCATION OR FACILITIES FOR THE PROVISION OF EDUCATION TO ANY PERSON (B) IF IT SHALL BECOME IMPOSSIBLE OR IMPRACTICABLE TO CARRY OUT THE OBJECTS SET OUT IN CLAUSE (A) THE TRUSTEES SHALL PAY OR APPLY THE ANNUAL INCOME OF THE TRUST FUND TO SUCH EDUCATIONAL CHARITY OR EDUCATIONAL CHARITIES OR FOR SUCH CHARITABLE EDUCATIONAL PURPOSE OR CHARITABLE EDUCATIONAL PURPOSES AS THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION DETERMINE.