25.1. The assets from time to time representing the benefactions accepted by the University from The Revd Frederick William Hope in 1849 and 1860 and from Ellen Hope in 1862, together with the gift of Dr George Blunsdell Longstaff in 1909, shall constitute a fund to be known as the Hope Fund.
25.2. The collections donated by The Revd Frederick William Hope shall be known respectively as the Hope Entomological Collection, the Hope Library, and the Hope Collection of Engraved Portraits.
25.3. The income from the fund shall be used for the support of the collections and library.
25.4. A sum representing three-thirteenths of the net income of the fund shall be applied to the support of the Keeper of Western Art in the Ashmolean Museum, who shall be the Keeper of the Hope Collection of Engraved Portraits.
25.5. In addition to any sums that may be allocated under section 25.6 below, a sum representing one-thirteenth of the net income of the fund shall be applied to the support of the Hope Entomological Collection (including the related part of the Hope Library), and an equal sum of one-thirteenth of the net income shall be applied to the support of the Hope Collection of Engraved Portraits (including the related part of the Hope Library).
25.6. The balance of the net income of the fund shall be administered by the Mathematical, Physical and Life Sciences Board and shall be applied to the furtherance of the study of Entomology with particular reference to the purposes of the Hope Entomological Collection.
25.7. The purposes for which the income shall be used under section 25.6 above may include:
(1) the support of a Professorship of Zoology (Entomology), to be called the Hope Professorship of Zoology, the holder of which shall undertake research in and shall lecture and give instruction in Zoology and generally promote its study in the University;
(2) the support of studentships, which shall be called the Hope Studentships, to be awarded to persons who are, or have been accepted for admission as, members of the University and who intend to undertake graduate study under the Mathematical, Physical and Life Sciences Board in association with the Hope Entomological Collection;
(3) the purchase of books or equipment for, or the provision of grants towards research expenses incurred in support of, the Hope Entomological Collection;
(4) the support of research fellowships or curatorial services in connection with the Hope Entomological Collection;
(5) such other support of the Hope Entomological Collection as the Mathematical, Physical and Life Sciences Board shall think fit.
25.8. Congregation may from time to time amend this Part so long as the main objects of the fund, as defined in sections 25.3 and 25.6 above, are always kept in view.
