Jesner Charitable Trust

Constitutional objectives

The ends, uses and purposes of the Trust are, and the Trust funds both capital, (subject as aftermentioned) and income shall be held and applied by the Trustees for payment of the expenses of creating and administering the Trust hereby created (under declaration that I the said Isaac Jesner shall receive no payment of whatever nature in connection with my services as a Trustee) and for the following charitable purposes, videlicet:- (First) for the advancement of such Jewish Religious purposes as may be selected by the Trustees (Second) for the advancement of learning and education, (Third) for the relief of poverty and suffering, (Fourth) for the advancement of any hospitals, infirmaries, homes, asylums and institutions promoting the foregoing objects or any of them wherever situated (Fifth) for the constitution in name of the Trust of such foundations, bursaries, scholarships and prizes of a charitable or educational nature as the Trustees may at their absolute discretion from time to time decide and (Sixth) for the advancement of any similar charitable purposes. And we expressly provide and declare that the Trustees shall have full power in their absolute discretion to hold, pay and apply the Trust Estate, both capital and income, for the foregoing purposes in such way and manner and in such proportions as between recipients and in such amount or amounts and at such time or times as they may see fit. Provided always that the aggregate of cash or other assets (if any) paid or conveyed out of the capital of the Trust funds shall never exceed one half of the value (taken as at the date or receipt or the same by the Trustees) or the sums or assets paid or conveyed by us or any of us to the Trustees.