FOR IMMEDIATE RELEASE
COMMISSIONERS OF TRUST FUNDS
The Groton Trust Fund Commission, Select Board and Town Manager have received several correspondences relative to money donated to assist the eight families impacted by Winthrop Place fire that took place on June 1, 2020. The original intent of the donated funds was for equal distribution to all impacted families.
A portion of funds raised were given to the Groton Commissioners of Trust Funds for distribution to families impacted by the Fire. The Commissioners of Trust Fund have fiduciary responsibilities when receiving and distributing funds in accordance with local and state regulations. Unfortunately, the rules and regulations of the Commissioners of Trust Funds do not allow for automatic equal distribution of funds to applicants.
Since the intent of the donors was for equal distribution, the Commissioners will be returning the funds to the individual who set up the account for distribution as intended.
MARK W. HADDAD