The Fund was established in 1994 and is administered by a Panel nominated by the British Society of Gerontology (Registered Charity 264385) through which its accounts are audited. The Fund wishes particularly to emphasise the potential of older people to play a central role in the research process. The Fund is used exclusively for the direct support of the projects, and no other administrative or meeting expenses are drawn. Awards in the range £500-£3,000 may be made.