The Douglas Steele Foundation

TO PAY AND APPLY BOTH THE CAPITAL AND THE INCOME THEREOF IN PERPETUITY IN THE EDUCATION OF THE PUBLIC IN THE STUDY PRACTICE AND APPRECIATION OF THE ART OF MUSIC (WITHIN THE LIMITS PERMISSIBLE TO CHARITY) IN SUCH MANNER AS MY TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT AND I EXPRESS THE FOLLOWING EARNEST REQUESTS (BUT WITHOUT IMPOSING AND TRUST OR CREATING ANY LEGAL OBLIGATION): (1) THAT THE FUND HEREBY CONSTITUTED SHALL BE KNOWN AS "THE DOUGLAS STEELE FOUNDATION". (2) THAT MY TRUSTEES SHALL PARTICULARLY BUT NOT EXCLUSIVELY SUPPORT CONCERTS AND OTHER MUSICAL EVENTS AT CHETHAM'S SCHOOL AND STOCKPORT GRAMMAR SCHOOL AND SHALL ENDOW OR SUPPORT SCHOLARSHIPS AND/OR PRIZES AT BOTH SUCH SCHOOLS. (3) THAT GRANTS FROM THE CAPITAL AND/OR INCOME OF MY RESIDUARY ESTATE SHALL BE REGULARLY MADE TO ASSIST IN THE PROMOTION O RECITALS CONCERTS RECORDINGS AND OTHER MUSICAL EVENTS THE COMMISSIONING OF NEW COMPOSITIONS AND THE PROVISION OF AWARDS AND SCHOLARSHIPS FOR MUSICALLY TALENTED PUPILS.