The ex–officio Trustees of the Trust are: the Principals of the Universities of Scotland; the First Minister of Scotland and the Lords Provost of Edinburgh and Glasgow. (Prior to Scottish devolution, the Secretary of State for Scotland held the "ex officio" post currently occupied by the First Minister.) There are fourteen nominated Trustees, made up of esteemed Scots from various fields. The Executive Committee, which manages the Trust itself, consists of five of the nominated Trustees and four of the Principals of the Scottish Universities in rotation.