THE TRUSTS'S MISSION IS TO PROVIDE PHILLIPS EXETER ACADEMY, NH, A 501(C)(3) EDUCATIONAL INSTITUTION, WITH FUNDS USED TO SUPPORT NEEDY STUDENTS FROM THE STATES OF MS AND SC. IN THE EVENT THAT TRUST FUNDS ARE NOT NEEDED TO SUPPORT SCHOLARSHIP STUDENTS FROM MS AND SC, TRUST FUNDS MAY BE USED TO SUPPORT NEEDY SCHOLARSHIP STUDENTS FROM ONE OF THE FOLLOWING STATES: TN, AL, AR, AND GA. IN ADDITION, THE T…