Board Endorses Salem Trust Fund at $14.2 Million
The Salem Board of Commissioners of Trust Funds endorsed a $14.2 million trust portfolio. Cambridge Trust Senior Vice President Ryan van Luling presented the Annual Portfolio Review showing allocations of $657,863 in Cash & Enhanced Cash, $4.95 million in Fixed Income, and $8.6 million in Equity;
Board of Trust Fund Commissioners · Meeting of March 12, 2026
SALEM — The Salem Board of Commissioners of Trust Funds endorsed a $14.2 million trust portfolio. Cambridge Trust Senior Vice President Ryan van Luling presented the Annual Portfolio Review showing allocations of $657,863 in Cash & Enhanced Cash, $4.95 million in Fixed Income, and $8.6 million in Equity; the Board approved the current status and investments. Trustees unanimously approved a $328.24 allocation from the Endicott Fund for a disabled resident's recliner (Council on Aging), with additional trust distributions authorized to Brookhouse Home ($3,442.42) and Salem State University speakers ($2,500).
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Source: the Board of Trust Fund Commissioners meeting of March 12, 2026, compiled from the official minutes.
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