"THE OBJECTS AND PURPOSES OF THIS CORPORATION ARE GENERALLY TO CONDUCT ITS AFFAIRS AS AN EDUCATIONAL, RELIGIOUS AND CHARITABLE CORPORATION OR FOUNDATION...". STUDENTS ELIGIBLE FOR SCHOLARSIPS MUST ATTEND TALLASSEE HIGH SCHOOL, ELMORE COUNTY HIGH SCHOOL, OR REELTOWN HIGH SCHOOL. ENTITIES ELIGIBLE TO RECEIVE CHARITABLE GRANTS MUST MAKE AN EDUCATIONAL, RELIGIOUS, OR CHARITABLE IMPACT IN THE GREATER TALLASSEE/ECLECTIC AREA IN ALABAMA.