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In August 1957, Mary Raine signed the Deed of Trust bequeathing her property empire to the University of Western Australia for the purpose of funding medical research. The Raine Medical Research Foundation was established and has now allocated in excess of $50m to medical research in Western Australia. The Foundation has supported some of WA's most successful medical research leaders at an early stage in their careers, such as Professor Fiona Wood, Professor Fiona Stanley and Professor Peter Klinken. The Foundation commits in excess of $1.3m towards competitive research programs every year including major grants, fellowships, research collaboration awards and travel prizes.