Boxer's Welfare Development Trust Fund. - There shall be an independent and separate trust fund established under this Act, to be administered by the commission. An amount not less than eighty percent (80%) for the first five (5) years, ccrued from the licensing, registration and accreditation fees, fines and charges shall be used for the. purpose of the boxer's welfare development trust fund. The fund shall be used for the continued upgrading of training facilities to conform with international standards, accreditation of and other forms of assistance and support to the professional boxing sector. The trust fund may also accept grants and donations from national and foreign entities and individuals interested in the professional boxing development.