Part of the Schedules section of the Statutes of the University of Oxford
2.1 The bequest by Mr Philip H. Bagby of the residue of his estate shall be used, as to either income or principal, in such manner as shall seem to the authorised officers of the University best to encourage within the appropriate department or departments of the University the comparative study of the development of urban, literate cultures in accordance with anthropological principles and methods.
2.2. The authorised officers for the purpose of administering the bequest shall be the Social Sciences Board on the recommendation of the Professor of Social Anthropology.
2.3. The appropriate department of the University for the purpose of study under the terms of the bequest shall be the Institute of Social and Cultural Anthropology.
2.4. Congregation may from time to time amend this Part so long as the main object of the bequest, as defined in section 2.1 above, is always kept in view.