Who manages the trust?
In 1997, the Soaring Society of America established the Soaring Society of America Foundation as a unique entity with its own operating by-laws and officers, specifically to facilitate the raising of endowment type funds through planned giving and other contribution mechanisms, for the various SSA Trust funds. The Foundation assumed the management of the SSA Trust Funds with the intent of mounting a strong fund-raising effort for the Foundation.
The Trust is an independent agency that is governed by a Board of Trustees. The Treasurer of the Commonwealth serves as Chair, the Secretary of the Executive Office of Administration and Finance (EOAF) serves as Vice Chair, and the Commissioner of the Massachusetts Department of Environmental Protection (DEP) is the third Trustee. Each of these Trustees has the authority to send a designee in his/her place. An Executive Director manages the business of the Trust. The Executive Director chairs an Executive Committee made up of a representative from EOAF and DEP, which typically meets weekly and is responsible for reporting to the Board of Trustees. The Trust Treasurer also attends meetings of the Executive Committee. Including the Trust Treasurer, the Executive Director manages a five person staff. The current Executive Director of the Trust is Scott Jordan. In addition, staff of the Trust work very closely with staff of DEP, who approve, oversee and manage the projects that are ultimat
The trustee controls, administers and distributes the assets in trust. During the Settler’s lifetime, he/she is often designated as Trustee. Upon death or incapacity, a trusted individual you’ve appointed becomes successor trustee to continue managing the trust assets according to the Settler’s wishes.
