Provost James Rae TrustRegistered

The Trustees shall hold the Trust Fund and the income of it to pay and apply the same in such proportions and manner as the Trustees shall determine for the advancement of the arts, heritage and culture or for the advancement of education to include financially supporting young artists, emerging artists of any age and struggling artists working in Scotland well as facilitating exhibitions of the work of artists working in Scotland.' The Trustees shall have the discretion to hold and apply the Trust Fund for such other similar charitable purposes as they deem to be appropriate. In exercising their discretion in terms of this Clause the Trustees shall give primary consideration to the wishes of those persons who donate, gift or lend funds to the Trust but this proviso shall impose no binding obligation on the Trustees.