At the time of his retirement in 1970 he was the Director-General of the Forestry and Timber Bureau having worked in the public service for 44 years. He died in Canberra in 1979. In 1983 the Australian Academy of Science in conjunction with the Institute of Foresters of Australia and the New Zealand Institute of Foresters established a fund to commemorate his life and work. The fund is used to support worthy projects in forestry research which reflect the enduring interests of Dr Jacobs and to provide graduates within Australasia with support not readily available from other sources. The following broad categories of activity may be supported work to be carried out in or related to Australasia in any field of forestry science.
Funding is offered annually.
Applications for 2002 funding will be called for in June 2001 with a closing date of 30 September.