Chapter XII - 1451k - the University Offices - University of Cambridge

854 TRUST EMOLUMENTS
Unexpended
Income.
5. Any unexpended income of the Fund in a financial year may be added to the capital of the Fund;
or retained for use as income in future years, as the Managers shall determine.
Title and
purpose.
Managers.
Director.
Fellows.
Tenure.
Duties of
Fellows.
Stipend.
Application of
remaining
income.
Unexpended
income.
KAVLI INSTITUTE FUND
1. The sums received from the Kavli Foundation for the support of work in Cosmology shall form
a fund called the Kavli Institute Fund.
2. The Fund shall be under the control of a Board of Managers who shall be:
(a) three persons appointed by the General Board, two of whom shall be appointed on the nomination
of the Kavli Foundation;
(b) two persons appointed by the Council of the School of the Physical Sciences.
Members of the Board of Managers in classes (a) and (b) shall be appointed in the Michaelmas Term
to serve for four years from 1 January following their appointment. The General Board shall appoint
one of the Managers in class (a) tobeChairman.
3. The Director of the Institute shall be appointed by the General Board on the recommendation of
the Council of the School of the Physical Sciences and shall act as Secretary to the Board of Managers.
4. The Managers shall be responsible for the administration of the Fund in support of research in
Cosmology, for guiding the work of the Institute, and for encouraging collaboration with cognate
Departments in the area of Cosmology.
5. The first charge on the Fund shall be the stipend, national insurance, and pension contributions
payable by the University in respect of such number of Kavli Institute Fellows as the Managers shall
so determine, and who shall be elected by the Managers of the Fund.
6. A Fellowship shall be tenable for up to five years as the Managers shall determine.
7. It shall be the duty of a Fellow to undertake full-time research in the field of Cosmology in the
University of Cambridge. In any books, papers, or other publications containing the results of
investigations carried out during the tenure of the Fellowship, the Fellow shall, where practicable, use
the title ‘Kavli Institute Fellow’.
8. The annual stipend of a Fellow shall be such sum as shall be determined by the Managers, within
a range approved from time to time by the General Board.
9. After provision has been made in accordance with Regulation 5, the remaining income of the
Fund shall be applied at the discretion of the Managers for the following purposes:
(i) to make such grants as they consider appropriate in respect of expenses incurred in connection
with the research undertaken by a Kavli Institute Fellow,
(ii) to make grants in support of other research programmes in the Kavli Institute of Cosmology.
10. Any unexpended income of the Fund in a financial year may be either added to the capital of
the Fund or accumulated for use as income in future years, as the Managers may determine.
Stat. E, XXX.
Prize.
Who may
compete.
Value.
Adjudicators.
KAYE PRIZE
Endowments, 1904, p. 402
1. The Kaye Fund shall be used to provide a prize to be awarded every fourth year for a dissertation
in English on some subject or question relating to ecclesiastical history up to the death of Gregory the
Great, or Biblical studies which aid enquiry relating to the Scriptural authority for Christian doctrines,
or which substantially advance the knowledge of Biblical history or of Biblical Hebrew and Greek.
2. The Prize shall be open to all graduates of the University and to all persons whose names are
entered on the Register of Graduate Students, provided that on the last day appointed for sending in
essays they are of not more than ten years’ standing from admission to their first degree, whether of
this or another university, and provided also that no previous prize-winner shall be eligible to compete.
3. The value of the Prize shall be such sum not exceeding the available income accumulated in the
Fund as may be determined from time to time by the Faculty Board of Divinity with the approval of
the Council.
4. The Adjudicators of the Prize shall be two persons appointed by the General Board on the
nomination of the Faculty Board of Divinity before the end of the Lent Term of the year preceding
that in which a Prize is to be offered. Each Adjudicator shall receive from the Fund, unless no
dissertation is sent in, such sum as shall be determined by the Faculty Board within a range approved
by the Council.