Yates Memorial Scholarship Trust

Exclusively for educational, and charitable purposes, including but not limited to the providing of financial assistance by the awarding of grants, scholarships or otherwise to students for pursuit of post secondary education at a two or four year institution of higher learning and promotion of activities relating to the arts, humanities, education, science and technology, and the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code of 1986, or corresponding section of any future federal tax code.