The Jean and Leslie Connor Charitable Foundation

3. APPLICATION OF INCOME. THE TRUSTEES MUST APPLY THE INCOME OF THE CHARITY IN FURTHERING THE FOLLOWING OBJECT ("THE OBJECTS")(I) TO RELIEVE FINANCIAL HARDSHIP AND PROVIDE RESIDENTIAL CARE AND ASSOCIATED AMENITIES FOR AGED PERSONS IN NEED, SPECIALLY DESIGNED OR ADAPTED TO MEET THE REQUIREMENT AND DISABILITIES OF SUCH PERSONS UPON TERMS APPROPRIATE TO THEIR MEANS.(II) TO ADVANCE THE EDUCATION OF YOUNG PERSONS BY THE PROVISION OF SCHOLARSHIPS, BURSARIES AND GRANTS. (III) TO ADVANCE THE PHYSICAL EDUCATION OF CHILDREN AND YOUNG PERSONS BY THE PROVISION OR ASSISTING IN THE PROVISION OF FACILITIES IN EDUCATIONAL ESTABLISHMENTS IN THE UNITED KINGDOM. (IV) TO FURTHER SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME DETERMINE/THINK FIT.