In June 2004 Australian Wool Innovation Limited (AWI) invested four million dollars in the AWTA Ltd Wool Education Trust. The capital for the AWI investment became available after the sale of the CSIRO Prospect property.

With the AWI grant, the Trust's total capital almost doubled. It is anticipated that the extra funding will enable the Trust to generate up to $0.5M per annum for education in the wool industry. The Trust is therefore able to fund skills development for the industry on a much larger scale than before.

As a consequence of this grant the Trust was renamed the "Australian Wool Education Trust", with 8 trustees.

There 8 Trustees, 3 appointed by AWTA Ltd, 3 appointed by AWI and 2 by the Federation of Australian Wool Organisations (FAWO). The current Trustees are:

David Ward: (Chairman of Trustees)
formerly Managing Director, AWTA Ltd

Michael Jackson :
Managing Director AWTA Ltd

Peter Sommerville: (Secretary of Trustees)
Corporate Development Manager - AWTA Ltd

John Michell:
Chairman, Michell Pty Ltd

Rod Thirkell-Johnson:
wool grower and former president of Wool Council of Australia and Australian Superfine Wool Growers Association

Cameron Archer:
Director/Tocal Agricultural Centre

Professor Kevin Bell:
Dept Vet Biol and Biomed Sci, Murdoch University

Professor Andrew Vizard:
Associate Professor, Faculty of Vetinary Science, Melbourne University

The Trust is an independent body, with policy being fully determined by the Trustees, without influence from AWTA Ltd, FAWO and/or AWI.