Commonwealth Games (Scotland) Endowment Fund

The Commonwealth Games (Scotland) Endowment Fund was incorporated as a company limited by guarantee on 10 May 2006. It acquired fixed asset investments from the former Commonwealth Games (Scotland) Endowment Fund (a public non-charitable trust). The main objectives for which the company was established are: a. To receive, hold and administer grants, donations and other forms of financial aid in the form of an endowment fund ("the Endowment Fund") to enable the Commonwealth Games Council for Scotland ("the Council") to provide financial and other assistance to teams, and those associated with them, at Commonwealth Games or Commonwealth Youth Games. b. To provide financial assistance through the Council for such groups or individuals comprising Scottish teams for Commonwealth Games or Commonwealth Youth Games in order to meet or contribute to the costs, whether in whole or in part, of team training, equipment, preparation, travel and participation in Commonwealth Games or Commonwealth Youth Games. In so far as income is not utilised in any one year it is retained by the company and used in the following year or years for the purpose of the Endowment Fund. c. To benefit such other objectives of the Commonwealth Games related objectives of the Council as the directors shall determin.