OLD Oundelian Benevolent Fund

THE SOLE PURPOSES OR OBJECTS TO OR FOR ALL OR ANY OF WHICH TRUST FUND MONEYS ARE TO BEAPPLIED ARE AS FOLLOWS:-(1) TO GIVE FINANCIAL ASSISTANCE TO ANY OLD OUNDELIAN IN THE EDUCATION OF HIS OR HER CHILD ORCHILDREN AT OUNDLE SCHOOL OR AT SOME PREPARATORY SCHOOL OR AT SOME RECOGNISED PLACE OFHIGHER EDUCATION;(2) TO FOUND SCHOLARSHIPS OR EXHIBITIONS AVAILABLE FOR OLD OUNDELIANS OR THEIR CHILDREN;(3) TO GIVE FINANCIAL ASSISTANCE BY EITHER LOAN OR GIFTS TO ANY OLD OUNDELIAN OR HIS OR HERDEPENDENTS IN NEED OR DISTRESS;(4) TO GIVE FINANCIAL ASSISTANCE TO ANY OLD OUNDELIAN OR HIS OR HER DEPENDENTS FOR EDUCATIONOR TRAINING FOR ANY BUSINESS OR PROFESSION IF CONSIDERED BY THE TRUSTEES TO BE NECESSARY ORADVISABLE ON THE GROUNDS OF FINANCIAL NECESSITY;(5) TO CONTRIBUTE TOWARDS ANY OTHER CHARITABLE OBJECT FOR THE BENEFIT OF OLD OUNDELIANS OF THEIRDEPENDENTS PROVIDED THAT SUCH CONTRIBUTION HAS BEEN PREVIOUSLY SANCTIONED BY THE COMMITTEEOF THE OLD OUNDELIAN CLUB AFORESAID;(6) TO CONTRIBUTE TOWARDS PROJECTS OR OTHER APPEALS FOR THE FURTHER DEVELOPMENT OF OUNDLE SCHOOLFOR THE PURPOSES OF THE ABOVE THE EXPRESSION "OLD OUNDELIAN" MEANS ANY PERSON WHO WAS EDUCATED AT OUNDLE SCHOOL OR LAXTON SCHOOL.