The W. Norman McLeod Trust Fund was established in 1972. The Fund represents accumulated donations of cash, securities and investments donated from time to time by Mr. William Norman McLeod, with the intent to constitute a trust fund for the promotion, advancement and encouragement of theological education. The scholarship made available out of the income from the trust fund is known as "The W. Norman McLeod Scholarship."

The Scholarship is available to ordered ministers in the United Church of Canada for post-graduate study. Applicants in a master's (not M. Div.) or doctoral program may re-apply for two additional years. The Scholarship Committee reserves the right to approve the school of study.