The Lunar Foundation

Constitutional objectives

For the purpose of implementing the provisions of clause 2 hereof: (i) Until the vesting date, the trustees shall from time to time and at any time in their uncontrolled discretion, but subject always to the discretionary powers conferred on them under sub-clause 3(ii) and clause 6 hereof, pay or apply the capital or the income of the trust estate, in sums of such amount as the trustees in their absolute discretion may decide, in anyone or more or all of the following ways, videlicet: (a) that the trust estate be used for (any one or more of) the following charitable purposes: 1. Prevention of relief or poverty. 2. Advancement of education. 3. Advancement of religion. 4. Advancement of health. 5. Provision of accommodation to those in need of it by reason of age, ill health, disability, financial hardship or other disadvantage. 6. Provision of care to the aged, people with disability, young people or children and/or relief of those in need by reason of youth, age, ill health, disability, financial hardship or other disadvantage. (ii) The trustees shall have power to accumulate the income arising from time to time on the trust estate, or on any separate fund as hereinafter provided, for the whole period of 21 years from the last date of execution by the truster of these presents, or for such lesser period or several periods within the said period of 21 years as the trustees may decide, or such other period during which income may lawfully be accumulated all such accumulations of income to be added to and thereafter to form part of the capital of the trust estate. (iii) On the vesting date the trustees shall forthwith pay and apply the whole of the trust estate then in their hands to such charitable institution or charitable institutions as they in their uncontrolled discretion shall select.