The Visitor's Fund was established in 1844, primarily of the proceeds from the SPCK and SPG grants. The Visitor had been taking special care of these grants, per the requests of said societies. At a Board meeting Tues., December 31, 1844, the Board resolved that the Visitor should be able to invest the monies as he saw fit: "It was resolved that as this fund was peculiarly under the care and management of the Visitor, for the express purpose of endowing Divinity scholarships, that he be requested to invest the same in such manner as he might deem most prudent for the above purpose." The Fund was separated out of the General Fund in 1849.
A report on the constitution of the Visitor's Fund was written by Robert. E. Harris in 1903. The fund is comprised of three parts: the Warneford Fund, The Clermont Fund, and the SPCK/SPG grants.
The Warneford Fund Trust is a sum of £1,000 invested by the SPG with interest given to the Bishop of NS for the benefit of the College. Access to the principal is possible for the College if agreed upon by the Bishop and President of the SPG. The Bishop alone has control over the income of this fund. The Clermont Estate was bequeathed to King's in the will of Charles Inglis; Harris thought the Fund was the proceeds from the sale of the estate. Control and management of this fund belongs to the University, but the Bishop had management of it for the time being. The SPCK/SPG grants formed the proper Visitor's Fund. These grants, primarily for Divinity scholarships, were not one-time gifts, but were renewed and discontinued several times over the years. The records available to Harris did not show whether the grants were meant for the Visitor or the College.
According to a Finance Committee report for Dec. 7, 2006, the Visitor's Fund role is as "Income available for disbursement at the direction of the Visitor in accordance with endowment spending rates established by the University from time to time; with expenditures to be made for the benefit of King's College and/or pre divinity students attending King's or divinity students attending Atlantic School of Theology."
Sub-series consists of statements, investments, securities, accounts, correspondence, ledgers, and other financial documents related to this fund.
Many records in this sub-series were removed from the University of King's College Board of Governors Fonds.
University of King's College Board of Governors