R7.45 - Mollie Magdalene Warren Hoffmeyer Fund

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Recitals-

1. Mary Warren, late of 194 Barnard Street, Bendigo, spinster, who died on 28 January 1952, bequeathed her residuary estate to the University in the following terms, namely, that the residuary estate-
   
   

   "Shall go to and be payable to the University of Melbourne for the purposes of Cancer Research and I direct that the receipt of the Secretary or Treasurer of the said University shall be a sufficient discharge to my Trustees therefor providing an undertaking is given by the authorities of the University that the hereinbefore bequest of my residuary estate to it shall be used solely for the research of Cancer and that in connection therewith the name of my beloved niece, Mollie Magdalene Warren Hoffmeyer, shall always be associated with this bequest as my tribute to her memory." "The undertaking was given.

2. The University received £12,000 in satisfaction of the bequest, which sum increased to $27,508 at 31 December 1994.

It is provided as follows-

1. The sum of $27,508 and any accumulations and additions to the sum forms the endowment of a fund called the "Mollie Magdalene Warren Hoffmeyer Fund" ("the fund") and the fund must be paid into an investment pool and remain there until the Council directs otherwise.
2. The income of the fund is used to promote and encourage Cancer Research.
3. The Council may at any time direct that the whole of the capital of the fund or any part thereof be resorted to for the purpose or purposes stated above.