Who oversees the investment of the Perpetual Care Trust?
The Perpetual Trust fund (valued in November 2010 at $749,460) is among 17 trust funds which are managed by the Town’s Treasurer, with assistance from an investment advisory committee comprised of three residents with extensive experience in the investment management field. Quarterly trust fund reports are made to the Board of Selectmen, who together with the Town’s Treasurer, serve as the Trustees of all the Town’s trusts. The quarterly reports are available in the Treasurer’s office or the Selectmen’s office. The effects of this economy are felt among the Town’s trusts just as they are on other institutional trusts.