The Melville College Trust has a long history of supporting education and honouring the legacy of former pupils. Over time, it has evolved through several key stages.

The Melville College Field Trust (1924–1927)
The Trust’s early foundations began with the Melville College Field Trust.
Establishment: Between 1924 and 1925, a bazaar raised £5,700 to purchase 12 acres of land known as Ferryfield.
Registration: The Trust registered formally on 21 October 1927.
Growth: Over time, the Trust expanded its land holdings. For example, it purchased additional land in 1961 and 1981.
Transition: In 1976, the Trust transferred its assets to the Merchant Company Education Board. As a result, the organisation later sold the Ferryfield land in 1981 and 1987.
The Boarding House Trust (Post-World War I)
At the same time, the Boarding House Trust emerged to commemorate former pupils who lost their lives in World War I.
Purpose: It served as a war memorial and honoured those affected.
Registration: The Trust registered on 22 December 1933.
Acquisition: It purchased 12 Buckingham Terrace to support its work.
Transition: In 1976, the Trust transferred its assets to the Melville College Trust. As a result, these assets became the Memorial Fund.
Melville College Trust (Established 1947)
Following World War II, the Melville College Trust expanded this work further.
Purpose: It honoured those affected by the war and received additional legacies.
Support: The Trust supported dependents of former pupils and provided financial assistance to Melville College. In addition, it contributed to boarding houses and playing fields.
Administration: It also managed several smaller funds, including the Alistair Leslie Memorial Fund and the Wight Rutherford Awards.
The Governors of Melville College Trust (1976)
In 1976, the Trust moved into a new phase of consolidation.
Formation: The organisation combined assets from several trusts and funds. As a result, it created a more unified structure and formed the Memorial Fund.
Growth: The Trust continued to grow through significant legacies. For example, it received major contributions from James Wight Rutherford in 1987 and Colin Young in 2000.
Impact: These legacies created additional funds under the Melville College umbrella. As a result, the Trust expanded its long-term support.
Melville College Trust (SCIO) (Established 2024)
Most recently, the Trust modernised its structure to reflect current governance standards.
Modernisation: In 2024, the Trust transitioned to a Scottish Charitable Incorporated Organisation (SCIO). As a result, this created a more flexible governance framework.
Asset Transfer: At the same time, the Trust transferred all assets from the 1976 structure to the new SCIO. This included the Wight Rutherford Fund, the Melville Memorial Fund, and the Colin Young Bequest Fund.