Buist Bursary
The Buist Bursary was founded in 1876 by James Buist of Law Park, St Andrews, in memory of his brother, the Reverend Dr George Buist, who was a Professor of Ecclesiastical History at St Mary’s College. The fund was to afford pecuniary assistance to meritorious first year students in prosecuting the study of Divinity at St Mary’s College, and it was established through the transfer of twenty shares in the St Andrews Railway Company into the name of St Mary’s College. The Principal and masters of St Mary’s College were the Buist Bursary’s patrons, and James Buist instructed that the College ought to further invest the dividends in stocks, suggesting: parliamentary or public stocks or funds of Great Britain; government or parliamentary securities in Scotland; purchase of real estate in Scotland; stocks, funds, or securities of the Government in India or of the Dominion in Canada; or in or upon any debenture stocks or shares of any Railway Company in the East Indies, guaranteed at the time of Investment by the Government of India.
The fund remains active (independent).