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Glossary   >   T   >   "Trustee" Definition            Trustee An individual who holds or manages assets for the benefit of another. (1) A board member of a foundation. Trustees are responsible for setting foundation policy and making fund decisions. (2) An individual or corporation named or appointed to administer the terms of a trust document. A person appointed to manage and safeguard the assets of a trust. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Trustee \ An individual who holds or manages assets for the benefit of another.

(1) A board member of a foundation. Trustees are responsible for setting foundation policy and making fund decisions. (2) An individual or corporation named or appointed to administer the terms of a trust document.

A person appointed to manage and safeguard the assets of a trust.