The Ciechanowiecki Foundation

THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY ALL OR SUCH PART OR PARTS OF THE CAPITAL AND THE INCOME FOR OR TOWARDS THE FURTHERANCE OF AESTHETIC EDUCATION IN POLAND AND IN PARTICULAR AT THE ROYAL CASTLE IN WARSAW :-(A) TO PROVIDE EDUCATIONAL PROGRAMMES PARTICULARLY FOR THE HANDICAPPED (B) TO FACILITATE THE PUBLICATION OF BOOKS AND ACADEMIC WORKS (C) TO PROVIDE BURSARIES AND OTHER AWARDS TO SUCH ACADEMIC STAFF OF THE MUSEUM OF ROYAL CASTLE IN WARSAW AS SHALL BE CHOSEN BY THE DIRECTORS THEREOF OR OTHER OFFICERS FOR THE TIME BEING WHO SHALL BE IN CHARGE OF THE MUSEUM (D) TO ENRICH THE COLLECTION OF WORKS OF ART AND MEMORABILIA AT THE MUSEUM (E) TO CONSERVE AND PRESERVE WORKS OF ART AT THE MUSEUM PROVIDED THAT THE TRUSTEES MAY AT THEIR ABSOLUTE DISCRETION FOR THE PERIOD OF TWENTY-ONE 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 AT COMPOUND INTEREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY OF THE AUTHORISED INVESTMENTS AND 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.