Trustee of Trust Funds

Trustees of Trust Funds Kensington, NH

Trustees of Trust Funds are the custodian of the town's perpetual care funds, charitable trusts, and capital reserve/expendable trust funds. Trustees of Trust Funds make the decisions regarding expenditure from these funds based on the wishes of the donor in the case of privately donated funds and release capital reserve funds and expendable trust funds to the appropriate government officials upon request. Trustees of Trust Funds make the decisions on how these funds are to be invested based on the investment policy adopted by the Trustees. Source: Charitable Trusts Unit, Department of Justice, State of New Hampshire (2015) Handbook for Trustees of Trust Funds

The Kensington Trustees of the Trust Funds have fiduciary responsibilities for managing charitable trusts as well as capital reserve funds directed toward purposes that benefit Kensington citizens. Trustees are elected to serve a three-year term on a rotating basis.