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A trust is a fiduciary relationship where a trustor gives a trustee the right to hold title to property or assets for a beneficiary.
The Trust has grown dramatically since 1986, when its membership consisted of no more than a handful of school districts. Today, it services 247 districts and community colleges, making it one of the largest public entity pools in the United States.
A trust is a legal vehicle that allows a third party — a trustee — to hold and direct assets in a trust fund on behalf of a beneficiary.