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Bedford trustees report investment gains, outline cemetery trust restrictions
Summary
Trustees of the Trust Funds gave their annual update on investments, reported capital reserve gains in 2024, and reiterated a restriction on disbursing principal from a group of cemetery trusts transferred from a private association.
The trustees of Bedford’s trust funds delivered their annual update to the Town Council April 20, reporting investment gains in 2024, describing the town’s investment policy and restating legal limits on spending from certain private cemetery trusts.
Ken Peterson, chair of the trustees, said private trust funds are invested more aggressively — the trustees’ policy targets roughly 50–70% equities, 30–50% fixed income and the remainder in cash — while capital reserve funds are invested conservatively in investment-grade corporate bonds and…
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