In accordance with State Association by-laws, Article VII, Section 6; “The Alaska State Elks Charitable Trust Fund Trustees are hereby granted and given plenary powers to promote, develop, and administer the said Trust Fund to accomplish its charitable, educational and benevolent purposes and the Trustees be, and are authorized and empowered to receive from source any monies, securities, or other property that may be properly transferred to them, in trust, for the purposes for which Trust is established, to invest the same in such safe securities and other properties, and to sell, transfer and reinvest the same in such manner as shall best safeguard the Trust, and assure the continuity of its income and shall accumulate such money, securities or other property as part of the corpus provided, however, that the Trustees are required to provide funds requested by the Charitable Projects Committee as provided in their current approved annual budget to the extent that funds are available”.