The Walter Mangold Trust Fund commenced in 2006 and began to implement its objects in 2007.
From 2007 to 2018, one hundred and sixty-two Study Abroad Scholarships and Walter Mangold Language Scholarships totalling $1,036,100.00 were awarded to Victorian tertiary language students; who travelled on exchange to intensive language programs at universities in Spain, Argentina, Portugal, Chile, Mexico, Columbia, Japan, Indonesia, China,Taiwan and Italy.
From 2006-2018, a total of about $170,000.00 was awarded to the Australian Institute of International Affairs, Victoria to fund twenty-two discrete projects.