How the funding is allocated to the individual Funds

The terms of the wills require the Fund to be divided into 14 parts in varying proportions across 7 individual Funds. The income is distributed each year as follows:

Fund 1: to "Public Benevolent Asylums or Institutions in the State of Victoria" – three fourteenths (3/14),

Fund 2: to "Public Hospitals in the State of Victoria"- two fourteenths (2/14), 

Fund 3: to "the [Melbourne] Lord Mayor's Charitable Fund" now called "the Lord Mayor's Charitable Foundation"- one fourteenth (1/14), 

Fund 4: for "Public Educational Purposes in the Commonwealth of Australia" – two fourteenths (2/14),

Fund 5: for "Religious Purposes in the Commonwealth of Australia" - two fourteenths (2/14), 

Fund 6: to "The [Melbourne] Lord Mayor's Charitable Fund " (now called "The Lord Mayor's Charitable Foundation") with power in the Trustees to designate any hospital or charity as the ultimate recipients" – one fourteenth (1/14); and 

Fund 7: for "the Relief of Poverty in Australia, the Australian Red Cross, the Education of children of deceased or incapacitated Sailors, Soldiers or Airmen or for any other charitable purposes not [otherwise] provided for" in any of the previous categories. – three fourteenths (3/14).


The Trustees are precluded from making any grants outside these fields.