Part of Council Regulations 25 of 2002: Trust Regulations
1. The benefaction from Miss Vivien Leigh deceased, together with subsequent donations raised by appeal or received for the purpose, shall be known as the Vivien Leigh Fund.
2. The University shall retain all of the fund as permanent endowment and shall apply the net income of the Fund for the encouragement of young artists or artists at an early stage in their career and in particular to fund the Vivien Leigh Prize for a work of art by an undergraduate member of the University.
3. The administration of the Fund, and the application of its income, shall be the responsibility of the Visitors of the Ashmolean Museum, who shall delegate responsibility to the Keeper of Western Art acting in consultation with the Director of the Ashmolean Museum.