1. The benefaction received from Daniel Koshland, together with any further donations for this purpose, shall be known as the Koshland Graduate Travel Fund (‘the Fund’).
2. The University shall retain all of the fund as permanent endowment and shall apply the net income of the Fund towards the support of travel grants for graduate students in Biochemistry (‘the Object’).
3. The administration of the Fund, and the application of its income, shall be the responsibility of the Head of Department of Biochemistry:
4. Regulation 3 above may be amended by Council.