The constitution of the board of managers or electors of a trust fund is usually laid down by Ordinance. Managers may be appointed by the Council, the General Board, Faculty Board or other bodies. A full list of managers for each trust tund is published in a Special Number of the Reporter at the start of each term.
As with all University Boards, Syndicates and Committees, the upper age limit for trust fund managers on appointment is seventy years.
Trust Fund Managers have an important role to ensure the Trust Fund is managed effectively. Financial responsibilities include ensuring expenditure is:
- within the regulations
- within the level of income
- carefully planned each year