The Carnegie Trust for the Universities of Scotland aims to provide “funds for improving and extending the opportunities for study and research in the Universities of Scotland”. Established in 1901 under a Trust Deed signed by Andrew Carnegie, and incorporated by Royal Charter on 21 August 1902, the Trust was funded by a gift of US$10 million. The current value of the endowment is approximately £73 million yielding an income of around £3 million each year. The Trust is a registered charity in Scotland: SC015600.