Friends of YAD Menachem Letinok

THE RELIEF OF THE POVERTY HARDSHIP AND DISTRESS AMONGST PERSONS RESIDENT IN ISRAEL WHO ARE IN NEED OF FINANCIAL ASSISTANCE IN ORDER TO ENABLE THEM TO MEET THE COSTS AND EXPENSES OF PROVIDING FOR THEIR OWN NEEDS AND THE NEEDS OF NEWLY BORN BABIES AND YOUNG CHILDREN3.2 THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME AND ALL OR SUCH PART OR PARTS OF THE CAPITAL AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT FOR OR TOWARDS SUCH OF THE OBJECTS OF THE CHARITY AS THE TRUSTEES MAY FROM TIME TO TIME AT THEIR ABSOLUTE DISCRETION DETERMINE INCLUDING PAYMENTS BY WAY OF GIFT OR LOAN (WITH OR WITHOUT INTEREST) GO INDIVIDUAL PERSONS IN ANY PART OF THE WORLD PROVIDED THAT SUCH PERSONS QUALIFY AS OBJECTS OF THE CHARITY AS DETERMINED BY ENGLISH LAW AND INCLUDING PAYMENT TO THE ORGANISATION FOR ITS CHARITABLE ACTIVITIES