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        <ExplanationTxt>THE OBJECTS OF THE COLLECTION ARE TO 1) DEVELOP AND MAINTAIN AN ARCHIVE OF MEANINGFUL AND SIGNIFICANT WORK IN THE FIELDS OF MUSIC AND MUSIC THEATRE, 2) ENABLE RESEARCH AND SUPPORT THE TEACHING PROGRAMS OF RCSAIB, 3) FOSTER A GENERAL AWARENESS AND MAKE AVAILABLE TO THE PUBLIC SIGNIFICANT WORKS OF ART IN THE MUSICAL, OPERA AND MUSICAL THEATER COMMUNITY. THE BOARD WILL LOAN THE COLLECTION TO INSTITUTIONS THAT SHARE THE EDUCATIONAL AND ARTS-PROMOTION MISSION AND PURPOSE OF THE RCSAIB, INCLUDING BUT NOT LIMITED TO ROYAL CONSERVATOIRE OF SCOTLAND.</ExplanationTxt>
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        <ExplanationTxt>THE BOARD HAS RESOLVED THAT ALL ORGANIZATIONS TO WHICH IT MAKES GRANTS OR FUNDS PROGRAMS WILL BE REQUIRED TO SUBMIT THE FOLLOWING: 1. A GRANT APPLICATION WHICH SPECIFIES THE AMOUNT REQUESTED, THE NEED TO BE ADDRESSED, AND A DETAILED PROPOSED USE OF THE FUNDS. 2. IN CASE OF AN ORGANIZATION OUTSIDE THE USA, A COPY OF THE ORGANIZATION'S ORGANIZING DOCUMENTS, REGISTRATION DOCUMENTS WITHIN THE JURISDICTION AND INFORMATION ABOUT THE ORGANIZATION'S ACTIVITIES AND BUDGET IN ORDER TO ENSURE IT IS SUITABLE TO RECEIVE FUNDS FROM A US 501(C)(3) PUBLIC CHARITY. WHEN A GRANT IS MADE TO AN ORGANIZATION, THE ORGANIZATION WILL BE REQUIRED TO: 1. MAKE A REPORT ON THE USE OF THE FUNDS, TO BE RETURNED TO THE ORGANIZATION WITHIN 12 MONTHS OF THE GRANTING OF THE FUNDS. 2. SIGN A STATEMENT THAT THE GRANTEE WILL REFUND ANY PORTION OF THE GRANT NOT USED IN ACCORDANCE WITH TERMS OF THE GRANT. 3. AGREE ANY OTHER CONDITIONS IMPOSED BY THE BOARD DEPENDING ON THE SPECIFICS OF THE GRANT AND THE ORGANIZATION TO WHICH FUNDS ARE BEING GIVEN. NO GRANT WILL BE MADE WITHOUT MEETING THE TERMS SET FORTH BY THE BOARD.</ExplanationTxt>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AT THE BOARD MEETING AND ANY CONFLICTS OF INTEREST ARE REPORTED THEN.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>UPON REQUEST</ExplanationTxt>
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