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

998 TRUST EMOLUMENTS
Title.
Purpose.
Value.
Power to
change
regulations.
WISHART FUND
1. The sum bequeathed to the University by the late Mrs Olive Wishart shall form a fund called
the Wishart Fund.
2. The annual income of the Fund and any unexpended income accumulated in the Fund shall be
used to provide a prize or prizes called the John Wishart Prize or Prizes in memory of John Wishart,
of Clare College, formerly Reader in Statistics and Director of the Statistical Laboratory. The Prize or
Prizes shall be awarded each year by the Examiners for the examination in Mathematics for the M.A.St.
Degree and for Part III of the Mathematical Tripos to the candidate or candidates who have shown
distinction in statistics in that examination.
3. The value of a John Wishart Prize shall be determined by the Faculty Board of Mathematics
within a range approved from time to time by the Council.
4. The foregoing regulations, other than Regulation 1 and this regulation, shall be subject to alteration
by Grace on the recommendation of the Faculty Board of Mathematics to enable all or part of the
resources of the Fund to be used for a purpose similar to that specified in Regulation 2.
Title and
purpose.
Professorship.
Establishment
of an office
in place of
Professorship.
Unexpended
income.
Annual report.
BERNARD WOLFE HEALTH NEUROSCIENCE FUND
1. The benefaction of £3.7m from the Woco Foundation for the support of work in health neuroscience
shall form a fund called the Bernard Wolfe Health Neuroscience Fund to be held in perpetuity.
2. The first charge on the income of the Fund shall be the stipend, national insurance, and pension
contributions, payable by the University in respect of the Bernard Wolfe Professor of Health
Neuroscience, together with an annual provision in respect of recruitment expenses.
3. The second charge on the income of the Fund shall be such share of the University’s central
overheads attributed to the School of Clinical Medicine as is fair and appropriate to be borne by the
Fund in support of the Professorship.
4. From time to time the General Board, on the recommendation of the Faculty Board of Clinical
Medicine, may establish an office for a single tenure in place of the Professorship. During any period
that such an office is held the first and second charges on the income of the Fund shall be as set out
in Regulations 2 and 3 above, save that references to the Bernard Wolfe Professor of Health Neuroscience
shall be treated as references to the office established under this regulation.
5. After provision has been made in accordance with Regulations 2 to 4, the income of the Fund
shall be applied to meet the cost of such secretarial assistance, research assistance, office supplies, and
equipment, (in that order), as the Professor or holder of the office mentioned in Regulation 4 may in
his or her unfettered discretion require.
6. Any unexpended income of the Fund in a financial year shall be
(a) added to the unexpendable capital of the Fund; or
(b) applied in support of the work of the Professor or the holder of the office mentioned in Regulation
4; or
(c) accumulated for use as income in future years (in the order of priorities mentioned in these
regulations);
as the General Board, on the recommendation of the Faculty Board of Clinical Medicine, shall
determine, provided that no unexpended income shall be applied in accordance with paragraph (b) and
no income accumulated in accordance with paragraph (c) shall be used unless the General Board are
satisfied that, after applying reasonably prudent assumptions, the unexpendable capital of the Fund is
sufficient to generate income to support the primary purpose of the Fund, as set out in Regulations 2
to 4, in perpetuity.
7. Pending the appointment of the first Bernard Wolfe Professor for Health Neuroscience or (if
earlier) the appointment of the first holder of the office mentioned in Regulation 4, the income of the
Fund may be applied in support of such research in Health Neuroscience as the Woco Foundation may
approve in writing, provided that the General Board are satisfied that, after applying reasonably prudent
assumptions, the unexpendable capital of the Fund is sufficient to generate income to support the
primary purpose of the Fund, as set out in Regulations 2 to 4, in perpetuity.
8. The Faculty Board of Clinical Medicine shall make an annual report to the Woco Foundation on
the financial position of the Fund, the work supported by it, and the detailed expenditures by the Fund
under Regulations 2 to 7 for that work.