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The University of Edinburgh Development Trust was established by resolution of the Court of The University of Edinburgh under a declaration of Trust dated 12 July 1990 and registered in the Books of Council and Session on 20 July 1990. The Trust was established to receive, administer and apply any funds and properties donated for the benefit of the University of Edinburgh. The University is responsible for fund-raising and in this context, the Trust operates as a vehicle for receipt and disbursement of philanthropic funds. The Trust, is legally obliged when accepting restricted funds given for a specific purpose, to spend the funds according to a donor’s wishes and expectations. Unrestricted funds given for support of the University of Edinburgh are allocated each year by the Trustees of the Trust.