Trust Funds Commission 08/21/2026

The City of Worcester Trust Funds Commission held a meeting on August 21, 2026, primarily focused on reviewing the midyear financial report of the city's trust funds presented by Bartholomew Company, the investment manager. The commission discussed the current investment portfolio, which emphasizes dividend-paying domestic equities and excludes international equities, and reviewed performance metrics including returns and fund allocations. A significant portion of the meeting was dedicated to addressing the issue of stagnant trust funds—funds that have not been utilized in several years. Commissioners considered strategies for categorizing these funds into different investment risk buckets to potentially increase growth while balancing the need for available earnings for distribution. They also discussed the importance of outreach to city departments to increase awareness and utilization of available funds. The commission agreed to further review the investment policy and consider adjustments to better align with long-term goals and risk tolerance, with plans to revisit these topics in future meetings. No specific contract awards or procurement actions were taken during this session.