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Charities Charitable Trusts Established Over 300 Years
  THE ENDOWMENTS TRUST
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The Company of Merchants of the City of Edinburgh
  Charitable Trusts Established Over 300 Years

The purpose of the Trust is to provide assistance to decent, indigent men and women aged at least 55 on 1st July in the year of their election, unless they are certified on medical grounds as being unable to earn their living. Beneficiaries must be persons who have lived or worked in the City of Edinburgh or in Midlothian. Assistance may be by way of cash grant, a bi-annual pension, gift or appliances, provision and care support. The beneficiaries also enjoy a Christmas tea party, where they are entertained by children of the Merchant Company Schools.

The Sir William Fraser Homes

The homes were founded by the Trustees of Sir William Fraser, who implemented the direction of his will in which he allotted £25,000 for the endowment of homes for the poor in the City of Edinburgh. Sir William Fraser, KCB, LLD, who died in 1898, was at one time Deputy Keeper of the records of Scotland. He was a great benefactor and also endowed the Chair of Scottish History and Palaeography in the University of Edinburgh.

The property of the homes was vested in the Merchant Company Endowments Trust in 1960. Preference is given to authors or artists in necessitous circumstances, in accordance with the terms of Sir William Fraser's will. The homes consist of a block of thirteen two-storey houses, each of which has a kitchen, bathroom, living room and bedroom. The beneficiaries occupy the houses at modest rents depending on individual circumstances. The homes are not sheltered housing. The Merchant Company Almoner makes regular visits and can assist residents with advice on many matters including arrangements for home help. The homes are ideal for persons who are independent, but do require financial support or a change of location.

Retired persons seeking places at the homes are requested to fill in a simple application form available from The Secretary, The Merchants' Hall, 22 Hanover Street, Edinburgh, EH2 2EP. After the receipt of the application form, a visit will be made by the Company Almoner and if the applicant is considered suitable, they will be placed on the waiting list.

Spylaw Street Cottages, Colinton

James Gillespie (1726-97) and his brother John were snuff merchants in Edinburgh. James superintended the snuff-mill on the Water of Leith at Spylaw, Colinton, first rented in 1759 and then purchased in 1761. The shop where the product was sold is now 231 High Street, with a plaque on the wall showing James Gillespie's head in relief. Business prospered, and in 1773 Gillespie built the mansion house which still stands in Spylaw Park. Eventually his estate stretched from Colinton into the Pentland Hills at Bonaly and along to Curriemuirend. He seems to have been much liked, though when he set up his carriage Edinburgh delighted in the Hon. Henry Erskine's comment: "Wha wad hae thocht it, that noses had bocht it?"

When he died in 1797 he left to the Merchant Company his estate, worth £40,000 together with funds to establish a charitable home for men and women, and a free school for the education of poor boys. James Gillespie's Hospital for the elderly opened in 1801, the free school in 1803. The latter is not listed amongst the present-day Merchant Schools because in 1908 the Governors decided to transfer it to the School Board of Edinburgh. The picturesque cottages in Spylaw Street, Colinton, part of James Gillespie's original estate, are for the elderly.

There have been other benefactions and charitable trusts, such as William Watherston's Endowment, the gift in 1889 of William Watherston, a former Assistant of the Company, and the Gibb and Heriot Mortification bequeathed in 1915 by Richard Waterston Gibb and Mrs Gibb. All such are the responsibility of the Merchant Company Endowments Trust, which consists of the Master's Court, five Members appointed by Lothian Regional Council, two ministers from the Presbytery of Edinburgh, and three members elected by the Company.

 

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