In 1991, the QBMA constituted a charitable trust, known as the QBMA Research and Education Fund. Its main objectives were to:
- Fund projects to promote and contribute to public education and understanding of the medical sciences;
- Fund projects to enhance the quality of public, medical or social services provided to disadvantaged persons
- Fund grants for students of African and Caribbean descent from deprived economic or cultural backgrounds to pursue studies in the medical sciences; and
- Provide grants to students of African and Caribbean descent who have demonstrated leadership, past or potential academic achievements, community or extra-curricular involvement, allowing them to pursue studies in the medical or health relates sciences.