School Trust Management
A Trustee's Duties
As trustee, the state must manage school trust financial and land assets “consistent with the best interests of trust beneficiaries” pursuant to the Minnesota Constitution and state law.
Responsibilities
Minnesota’s school trust lands and the Permanent School Fund are administered through a shared system of land management, fiduciary oversight, legislative review, financial management, investment, and distribution. Each participating body has a distinct role.
"Whole Trust"
Viewing Minnesota’s school trust as a “whole trust” is a paradigm shift for school trust land managers and trustees. The idea is simple—that the sum of all of Minnesota’s school trust assets are greater than its individual parts.