Towns may receive gifts for any purpose that a town may spend money on.

Gifts are held and managed by the Trustees of Trust Funds.

Trustees have a three year term and one is elected each year.

Typically, Trustees manage all Capital Reserve Accounts and all donated property.

The Donor establishes the purpose of the funds and how and when they will be utilized.

Capital Reserve funds are typically approved at Town Meeting and appropriated from taxes or town revenues and held by the Trustees.

Funds are invested in bonds and stocks and through the New Hampshire Public Deposit Investment Pool.