Wales Pledge Assures Trust Future of University Assets; NEW STATUS SAFEGUARDS TRADITIONAL SERVICES
Byline: GARETH EVANS email@example.com
THE University of Wales has announced it will create new charitable trusts to safeguard some of its most celebrated assets.
The future of the University of Wales Press, University of Wales Dictionary, the Centre for Advanced Welsh and Celtic Studies and Gregynog Hall will all be assured under "The Wales Pledge".
A fund worth PS6.8m has been set aside to safeguard what the university describes as its "traditional services" ahead of a planned merger with University of Wales, Trinity Saint David.
Money donated to the University of Wales (UoW) by benefactors for "dedicated purposes" - totalling PS5.5m - will be ring-fenced and used as it was intended by the Wales Universities Trust.
The trust will be independent of the university and have representation from the higher education sector in Wales.
Professor Medwin Hughes, vice-chancellor of the UoW, said respecting the institution's long and celebrated history was important.
He added: "The UoW has a long and proud history dating back to 1893 and has made an outstanding contribution to higher education. However, times change. The Welsh university sector as a whole has grown and become stronger necessitating new ways of working to meet modern challenges. "The UoW is engaging positively with this process, has started legal discussions and instigated initial consultation. These will of course continue during this period.
"At the same time, the university will safeguard its legacy for future generations and Wales as a whole. In creating Adduned Cymru - The Wales Pledge, the university is being faithful to its core values and ensuring the assets serve the purpose for which they were intended."
The University of Wales Press Trust will be established to safeguard its work in publishing scholarly publications in Welsh and English.
Meanwhile, the Gregynog Trust will be set up to prolong the life of Gregynog Hall, near Newtown, which is used by the university as a conference and study centre.
Gregynog was bequeathed to the UoW by art-collecting sisters Gwendoline and Margaret Davies of Llandinam in 1960 - and the present Lord Davies has approved the creation of a new Gregynog Trust.
Prof Hughes said in establishing trusts, the UoW Council - which met on Monday to rubber-stamp arrangements - had honoured its commitment to the nation.
"Wales needs strong brands and in the context of the UoW, this is a university that has made an enormous contribution to the heritage of Wales," he said. …