THE CORPORATION IS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS IN THE FORM OF SCHOLARSHIP AWARDS TO STUDENTS WHO HAVE DEMONSTRATED A CONNECTION TO THE LOCAL COMMUNITY AND WHO EXHIBIT EXCELLENCE AND COMMITTMENT TO SCHOLASTIC ACHIEVEMENT, PUBLIC SERVICE AND OTHER EXTRACURRICULAR ACTIVITIES. THEY ALSO PROVIDE FINANCIAL ASSISTANCE TO, OR ON BEHALF OF, CHARITABLE ORGANIZATIONS IN THE MEMORY OF MICHAEL W THORNE.