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Trustees of Trust Funds

Trustee of Trust Fund Opening!

Trustees of Trust Funds

Posted Tue, Mar 28 at 03:10pm

Ever wondered about the Town trust funds?  Where did that money come from?  How is it spent?  How are the investments managed?  And how can you learn more?

 

Here’s your chance!

 

The Town of Sandwich has an opening for Trustee of Trust Funds, starting June 1, 2017.  This is a town officer position, and the selected candidate will be replacing a Trustee who is retiring, filling out the remainder of his term. A permanent replacement will be on the ballot for next year’s election in March 2018.

 

The Trustees of Trust Funds (TTF) are responsible for the management of over $2,500,000 in Trust Funds, Capital Reserve Funds, and Expendable Trusts for the Town of Sandwich.  The Trustees generally meet the third Wednesday of the month at 8:30 am for 1-3 hours depending on the agenda (except August which is only held if needed). Working sessions are also occasionally held if needed for special projects.

 

Interested applicants must be Sandwich residents and should be:

 

Able to attend meetings and to assist other Trustees with administrative activities such as minute-taking, trust fund documentation, policy and procedure creation.

 

Familiar with the basics of investing for long-term goals (like your IRAs or 401(k). We meet quarterly with our investment advisors, Cambridge Trust. They provide some great information, not just on the Town’s investments, but also on the economy and investment in general.  (Of course, more extensive experience with investing is very welcome.)

 

Willing to learn about the arcane rules and statutes that govern how the town’s private trust funds, capital reserves and expendable trusts are managed. Every June, the Trustees attend annual training held by the State in Concord. (We usually make an outing of it and have a nice lunch, courtesy of our investment advisors.)

 

If you are interested, please send an e-mail to the Selectmen's Office:  tos@cyberpine.net, or call 603-284-7701.

 

Thank you!

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