Description
Title: Ethel MacLeod Trust Fund Financial Updates February 2026
Summary
The Ethel MacLeod Hart Trust Fund Advisory Committee's report details the financial status and management of the Ethel Hart Trust Fund, established in 1993 to benefit senior citizens in Sacramento. The fund, currently valued at over $4 million, aims for growth and capital preservation, with a minimum return objective of $400,000 over five years. The Advisory Committee, consisting of seven appointed members over the age of 60, advises the City Council on fund usage. The report emphasizes the importance of prudent investment practices and outlines funding allocations for various senior programs, such as outreach and health services. This legislation ensures that resources are effectively directed to enhance the quality of life for Sacramento’s senior population.