Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

I wish to state very clearly that, as set out in the memorandum and articles of association signed by Sir Alfred Beit and Lady Beit when they set up the foundation, the object for which the foundation was established "is to promote and further the advancement of education in the fine arts in Ireland". To that end, among a number of things they wished to do was to establish and carry on schools and other places of education in the fine arts in Ireland. A later section of that text clearly states that they are allowed "to sell, lease or otherwise deal with or dispose of the whole or part of the property or assets of the foundation".