1. The University gratefully accepts the sums contributed in memory of the late Dr Colin Duff, and any further sums which may be contributed for the same purpose, to establish a fund, which shall be known as the Colin Duff Memorial Fund, and both the income and capital of which may be applied for the furtherance within the University of forestry and environmental studies with particular reference to the African environment.
2. The fund shall be administered by the Board of Management for the Trapnell Fund for Environmental Field Research in Africa.
3. The fund shall be used for grants to graduates of African universities who are ordinarily resident in sub-Saharan Africa, who have been accepted as members of the University of Oxford to engage in advanced study or research in the natural environment.
4. Any income not required for the award of grants in any year shall be either carried forward for expenditure in subsequent years or applied by the board of management in such other way as shall seem to the board best to further the objects of the fund.
5. The University shall have power to pay out of the capital or the income of the Fund all costs of and incidental to the creation of the Fund, and the management and administration of the Fund.
6. The University may exercise any of its corporate powers in the management and administration of the Fund in so far as those powers are not inconsistent with these regulations.
7. These Regulations shall be deemed to be Trust Regulations under the provisions of Part D of Statute XVI.
8. Subject to Regulation 9, Council may amend, repeal or add to these regulations in accordance with Part D of Statute XVI, but no amendment is valid if it would cause the Fund to:
(1) cease to be exclusively charitable according to the law of England and Wales; or
(2) be outside the objects of the University.
9. Any amendment to the trust object, as set out in Regulation 1, must be approved both by Congregation of the University and subsequently by His Majesty in Council.