To receive and maintain a fund or funds of real or personal property, or both and, subject to the restrictions and limitations hereinafter set forth, to use and apply the whole or parts of the income therefrom and the principal thereof exclusively to support community based mental health programs for the mentally ill and their families, and to use said assets for charitable, scientific or educatational needs of the mentally ill, and to use said assets to provide scholarships for the training of persons seeking a degree in one of a number of mental health professions, and to use said assets to provide grants to organizations that qualify as exempt organizations under 501(c)(3) of the internal revenue code or corresponding provisions of any subsequent federal tax law.