In his last will and testament, John Benjamin Stewart directed the executor to establish a charitable foundation to be known as the “Northern Nova Scotia Foundation.” Further, he directed the executor to transfer all the rest and residue of his Estate to the said foundation.
The foundation is administered by three trustees appointed by the Dean of Arts, St. Francis Xavier University, Antigonish, NS; the Minister of St. James United Church, Antigonish, NS; the President of Dalhousie University, Halifax, NS.
The funds of the foundation are invested. The annual income arising from the investments are to be used for the administration and awarding of the scholarships. The conditions governing the awarding of the scholarships and all matters in connection therewith shall be at the discretion of the Trustees.