August 31, 2026 – Trust Fund Commission – Video & Transcript
August 31, 2026 - Trust Fund Commission
And at, I believe it's 12, what time is it?
12.08 p.m. I'm going to call to order this meeting of the Trust Fund Commission.
I can say that pursuant to Chapter 2 of the Acts of 2025, this meeting is being held entirely via remote means and virtually.
In attendance are the Commissioners Robert Fox, Barrett Rothschild, myself, Adam Gupizal.
I am in my car, but parked safely, not driving while doing the meeting.
It should be a short meeting.
We'll go over the agenda after this call to order.
We'll have public comment, a review and potential vote on the fiscal year 2026 annual report,
a review and potential vote on the minutes of the July 29th, 2026 meeting,
any Commissioners' reports and concerns, any topics not reasonably anticipated 48 hours in advance of the meeting,
and then we will adjourn.
Do we have any public comment?
Not seeing any.
Okay.
No. Okay. Moving on. Review and potential vote on the fiscal year 2026 annual report. I had disseminated one in advance of the meeting. I know in prior years we had debated whether or not to include the Millennium Fund or not because we had some uncertainty. Based off of our last meeting, we now know that although disbursement requests don't go to us, it still is within our purview for investment decisions, so it is included there. So I'll open it to the floor for discussion. Any comments, questions, revisions? Rob? Barry? No suggested revisions on that side. Alright. So seeing and hearing none, I would entertain a motion to approve the annual report as written. I'll make a motion to approve the annual report as written. I'll make a motion to approve the annual report as written. through the annual report as written. Okay, and Barry, second on your part?
Sorry, I'm using my phone for this and I couldn't figure out how to unmute myself for a second there. No worries. I'll second it. All right, no further discussion. I'll do a roll call vote. Barry? Yes. Rob? Yes. Adam, yes. So three, zero. Okay. And then a review and potential vote on the minutes of our July 29th, 2026 meeting. I'd also sent those out. Any discussion on those?
No. All looked good to me. All right. Anybody wanna make a motion to approve them as written? I'll move to approve as written. All right, and any second? I will second. All right. No further discussion. Roll call vote. Rob? Yes. Barry? Yes. Adam, yes. Any reports and concerns on the part of either of you? Not for me. No. Nothing for me. I don't have any topics not reasonably anticipated. So at 12.11, record time, I would entertain a motion to adjourn. I'll make a motion to adjourn. I'll move to adjourn. I'm giving it to Rob. Barry, I'll second. I'll second. All right, Rob. Yes. All right, Barry. Yes. And I am a yes, 3-0. Thank you very much, gentlemen, for the short meeting.
No. Okay. Moving on. Review and potential vote on the fiscal year 2026 annual report. I had disseminated one in advance of the meeting. I know in prior years we had debated whether or not to include the Millennium Fund or not because we had some uncertainty. Based off of our last meeting, we now know that although disbursement requests don't go to us, it still is within our purview for investment decisions, so it is included there. So I'll open it to the floor for discussion. Any comments, questions, revisions? Rob? Barry? No suggested revisions on that side. Alright. So seeing and hearing none, I would entertain a motion to approve the annual report as written. I'll make a motion to approve the annual report as written. I'll make a motion to approve the annual report as written. through the annual report as written. Okay, and Barry, second on your part?
Sorry, I'm using my phone for this and I couldn't figure out how to unmute myself for a second there. No worries. I'll second it. All right, no further discussion. I'll do a roll call vote. Barry? Yes. Rob? Yes. Adam, yes. So three, zero. Okay. And then a review and potential vote on the minutes of our July 29th, 2026 meeting. I'd also sent those out. Any discussion on those?
No. All looked good to me. All right. Anybody wanna make a motion to approve them as written? I'll move to approve as written. All right, and any second? I will second. All right. No further discussion. Roll call vote. Rob? Yes. Barry? Yes. Adam, yes. Any reports and concerns on the part of either of you? Not for me. No. Nothing for me. I don't have any topics not reasonably anticipated. So at 12.11, record time, I would entertain a motion to adjourn. I'll make a motion to adjourn. I'll move to adjourn. I'm giving it to Rob. Barry, I'll second. I'll second. All right, Rob. Yes. All right, Barry. Yes. And I am a yes, 3-0. Thank you very much, gentlemen, for the short meeting.