Change of name for surgical research fund
Since being established with the capital sum of £587,629 in 1967 the Grand Lodge 250th Anniversary Fund did not receive any additional capital donations - until 2014. The fund was created as a registered charity with the aim of supporting the work of the Royal College of Surgeons of England.
Prudent investment and making grants of an amount in keeping with available income meant that by the end of 2013 the fund’s capital was £3.7m despite having given over £4.3m in grants to the college during the previous 45 years. However with lower returns and the ever rising cost of funding fellows of the Royal College of Surgeons to undertake surgical research, the ability to fulfil the aspirations of the fund was becoming very difficult.
In these circumstances the trustees were delighted when the Supreme Grand Chapter resolved to launch an appeal to support the work of the college in recognition of the 200th anniversary of the establishment of the Royal Arch.
The generosity of the Royal Arch masons and Freemasons generally, resulted in the sum of £2.5m being raised, greatly exceeding expectations. It was decided that the funds raised by the appeal should be invested and administered together with the Grand Lodge 250th Fund. It is intended that from 2015, four, or possibly 5 fellows will be supported.
It has been agreed that the fellowships will be allocated to the Craft and the Royal Arch in proportion to the contribution of funds, so that there will be two Royal Arch Fellows in every five fellowships supported. The fellows who are to be supported are selected by the fund’s trustees in discussion with the President and other senior members of the college. These fellows are some of the brightest and best surgeons in the land and the funding enables them to spend a year working on innovative treatments for medical conditions which affect us all.
In order to reflect these important changes, it has been decided that the name of the fund be changed to 'the Freemasons Fund for Surgical Research' with effect from the 1st January 2015.