Conant Trusts Fund Committee

The Conant Trusts Fund Committee administers trust funds established for the benefit of the Town of Bridgewater in accordance with the terms of historic trust agreements.

Purpose & Authority

The Conant Trusts Fund Committee was formed for the purpose of administering funds held under Indentures of Trust dated June 4, 1925, as amended, between William H. Conant and the Boston Safe Deposit and Trust Company, as well as a separate trust established under the will of William A. Conant dated December 31, 1937.

The Committee has broad general powers to use, at its discretion, both the income and principal received by the trust, in accordance with the provisions set forth in the applicable Indentures of Trust. The Committee may also receive gifts of real or personal property in the name of the Town of Bridgewater. Such gifts are managed and controlled by the Committee as outlined in the trust documents.

The Conant Trusts Fund Committee is an advisory, regulatory, and ministerial committee of the Town.

Composition

The Conant Trusts Fund Committee is a five (5) member board serving staggered five-year terms.