R7.254 – The Nathan and Pamela Jacobson Fund

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Recitals –

1. In October 2007, Nathan Jacobson O.B.E. LLB (Melb.), Company Director, of 85/546 Toorak Rd, Toorak, donated $25,000 to establish a fund for the dual purposes of an annual lecture in the names of him and his wife, and advancing the interests of the Melbourne Law School generally.
2. At 22 October 2007 the fund amounted to $25,000.

It is provided as follows-

1. The sum of $25,000, and any accumulations and additions to the sum, forms a fund called ‘The Nathan and Pamela Jacobson Fund’ (‘the fund’) and the fund must be paid into an investment pool and remain there until Council directs otherwise.
2. The net annual income of the fund is to be applied by Council on the recommendation of the dean of the Melbourne Law School (‘the dean’), for the costs associated with an annual lecture in the University on a subject determined by the dean, to be known as ‘The Nathan and Pamela Jacobson Lecture’, the first such lecture to take place in 2008, and to advance the interests of the Melbourne Law School generally.
3. In each year any net annual income not spent on the purposes set out in section 2 may be added to the capital of the fund.
4. If so recommended by the dean, both the capital and the net annual income of the fund may be used for either or both of the purposes set out in section 2, even if the fund does not therefore continue in perpetuity.